The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef
A very good monday morning to you. Thanks for joining us. Im laura garcia. And im marcus washington. Nbc bay area issuing a weather alert due to those conditions. Lets start right with kari this morning with a look at that for us. Kari . Yeah, a lot of us in the valleys are not feeling the high winds but i am monitoring the Mountain Wind gusts that have been up to about 58 Miles Per Hour in the last hour especially in the north bay. With the high fire danger, the low humidity and the high winds will make it very dangerous for any sparks that could spread rapidly and were going to continue to have this wind advisory, those high winds, through at least this evening. Were also watching some high waves along the coast, so well talk more about all of this in the forecast coming up. Mike, are you seeing any issues for the morning commute . Kari, one crash im concerned with. There are a number of crashes but the one im going to follow is in the south bay. Green sensors dominate the map obviou
Consumer in this covid economy and a ventilator boost from medtronic, but sales for other medical devices remain lower medtronics ceo will join us exclusively later this hour. Carl, jims shaking his head already. I dont know speculative market ive ever seen i was going to say, jim, i mean, what a confluence of headlines and then to layer on what you were talking about with becky, this seemingly endless generational bid for stocks in general. You know, look at these plug power did a deal last week, 38 million shares of 22. 25, norwegian did a deal of 40 million shares at 20. 80, carnival did a huge deal at 17. 59, up huge on that, American Airlines did a deal, huge amount of stock, and about price that is a dollar below where this it is trading. Ive never seen anything like it where are the profit takers . Where are they i dont know. This is listen, we have been talking about this new cohort in the market, theyre for real, man. They are real it is not just ev stocks that are ev Companie
87, the s p 500 is up 10. 5 this month the russell 2000, the biggest ever month live oly outperforma small caps that sort of sets the scene for us your note today to our producers to me says everything, bryn. You say, yeah, were overbought, the market is technically ahead of itself, 200Day Moving Average but wed be buyers anyway yeah, you summed it up perfectly. I think to give some perspective around that, when youre looking at technicians or technical calls, the 200 Day Moving Average, over 90 of stocks in the s p are over their 200 Day Moving Average when that number gets above 80 , thats typically a time to take a stand back as a trader as an investor, though, as we are, you want to take a look at that and say, hey, if we get a selloff, which im sure well get because thats just the price of admission for being an equity investor, we absolutely want to be in stocks because what are your alternatives cash or bonds . And both of those offer you no yield and so we also think that next
87, the russell small caps up 20 , its best month ever can the run continue and moderna says its ready to file for emergency use while novavax announces a second delay in its late trials we have the details. P power lunch starts right now it wouldnt be a record rally if there werent some bumps along the way. Was today just a oneday pause or something more . Lets go to bob pisani for more. Hi, bob. Hello, kelly. It actual its actually not a bad day. We were down 447 points, weve regained almost half of that if you look at whats down today, Energy Stocks, some up 30 for the month. Thats down. Bank stocks, another amazing rally. Look at this, tech is up apples had a monster day, up overall some of the semiconductors also doing well health care is down fractionally, thats a defense of group if you look at whats going on for november and the value cyclical location, this must be an alltime record for Energy Stocks banks up almost 20 , industrials as a cyclical group. So theyre not selling t