Sees a 25 rally ahead should you bite into this name we begin with the news that moved the markets, stat news pulling the coronavirus vaccine. The reports saying according to the vaccine experts, theres really no way to know how impressive or not the vaccine may be while moderna blitzed the media, it revealed very Little Information and most of what it did disclose were words, not data that report sent stocks tumbling look at the Market Reaction when the story hit just around 3 00 p. M. Eastern time and it closed at the lows of the session and modern a of course, finishing the day sharply lower. Guy adami, the hope rally was fueled by moderna. Hi, mel here we have the decline in the markets because of moderna yeah. And its disappointing, number one. And im not a Clinical Research scientist more do i pretend to be, but we talked about this last night we said, you know what this it seems a little sparse in terms of information and we thought people were getting their hopes up and yesterd
Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr
That this may reflect an extension of that stayathome trade weve been watching. Look at all the stocks popping early on those are all Companies People were giving up on even ten days ago when they felt the trade was the mike corbat trade. You recognize if you can do what some companies are doing, which are saying its up to you if you want to come back. I think now the onus is saying im not coming back. No way lets dig n get bin and get bet cybersecurity. Those are the stocks that are popping. I respect that from people who say i do not want to be back at that building. The pandemic is not done and the pandemonium has begun. What explains boeing up 1 , carnival up 2. 5 i assume were looking at hopes that these demonstrations and protests will not result in a further outbreak of the virus, and that these epicenter stocks will continue to outperform. We keep betting you have to have it. Its been seven days now the incubation period, theres a lot of news stories saying the new strain is ou
You do when youre alone big dreams are on hold to go for the food we will meet in japanese families or whos keeping fit and earning money as a food delivery writer. Im sorry kelly welcome to the program after weeks of lockdown borders are starting to reopen across europe the European Commission has unveiled a plan to revive the battered Tourism Industry and make it possible for people to take a Summer Vacation at the same time the German Government has announced that it will begin relaxing border controls with other e. U. Member states starting this coming weekend. Border checks were supposed to be a thing of the past in europe change in zone germans were used to freedom of movement but the coronavirus put a stop to that cross border travel to neighboring austria switzerland and france was limited to those with an urgent reason to move now the interior minister has announced a road map to get the roads open again. That is simply that if people continue to show discipline observe the hy
General Charles Brown currently the Pacific Forces commander has been nominated as air force chief of staff and James Anderson is the nominee for Deputy Defense undersecretary for policy. The hearing will come to order. The Committee Meets today consider the nominations to be secretary of navy and us chief of Staff Air Force and deputy undersecretary of defense for policy thank you for being here. We appreciate all the contributions you have a made me appreciate the fact you are coming back again. Some of these are necessary we have to ask you the required question i would like to have an audible yes or no on each question please. Have you adhere to the ethical laws regulations . Yes or. Yes sir. Yes sir. Do you ensure you will request communication deadlines for the record it hearings . Yes sir. Yes or, yes sir. Will you cooperate. Yes sir. Yes sir. With those witnesses be protected from reprisal of testimony . Yes sir. Yes or. We agree to testify before the committee. Yes sir. Yes or