good wednesday morning welcome to a special edition of squawk on the street. i m carl quintanilla with jim cramer and david faber with features relatively solid this morning. jim, it s been a long road to this day we ve talked a lot about election risk over the past few months but we are about to witness what america s famous for, that is a pea peaceful orderly transfer of power. i think we re all beleaguered. a transfer of power, coupled with a well defined plan to give us vaccines as they roll out will make it so this market can go up tremendously everything else, i think, is just, i m not saying, it s irrelevant, but you can t get this economy open until we figure out how to get the vaccines from pfizer, and from moderna, into our arms and once the president s in, and there is a fine plan on that, a defined plan on that, i think there will be rejoicing. right now it s catastrophic and chaotic and anything that indicates order will send this market higher, david we re
governance, a brutal turn for markets. welcome to bloomberg surveillance on bloomberg television, bloomberg radio. jonathan ferro is still reading, on page 4300 when he won. looking to see if anything was in there for ac milan. i hear that your red sox got blessed. tom: $6 billion. they told me this morning, not a chance. the yankees got $7 billion because of senator schumer. [laughter] lisa: the mets got a lump of coal because they are not doing so hot. tom: you ve got that right. lisa: what is notable to me is the lack of reaction to this bill. it was baked in. people are looking forward to potential he what comes next, if there is an additional round of stimulus that could be in the works, and whether it is even needed. tom: we will have to see. i mentioned steve cohen of the new york mets. sry to join us this hour. just reporting on the european update at the imf i love this. the 2020 discussions on, nero area policies, what on euro area policies. they ve got a proble
little higher. and this morning indicated up by another 51 points. s&p by about 21. and if you check out the treasury market, you will see that at least right now it looks like the ten year seems to be yields 0.9%. and the coronavirus death toll surpassed 300,000 yesterday, this as the first doses of the vaccine were administered another 425 locations will gain axle to the vaccine today. and today the fda is planning to release briefing documents that will give us a look at what a key panel thinks about that vaccine candidate. the advisory committee will then meet on thursday tody whether to recommend approval if all things go smoothly. moder moderna s vaccine could be approved for emergency use that could start on friday. u.s. officials planning to ship just under 6 million doses of the moderna vaccine once it gains approval however not everyone is ready to signing up to get the vaccine including some on the front lines of the covid fight and for that, we bring in conteco
conflicting signals from washington. plus, crypto in your stocking? the digital currency is on a tear. what it means for crypto s value in the new year. and what happened to facebook s libra? we have analysis and outlook. and, jingle belly. consumer trends in the age of coronavirus have shaken up the restaurant industry. a particular appetite. we will hear from the goldbelly ceo. those stories in a moment. u.s. markets continued the drowned downward trend of sliding amid lingering concerns monday. over a new variant of the coronavirus with lockdowns mainly in europe. let s get to abigail doolittle in new york with more. abigail: a bit of a jittery day for stocks. the s&p 500 fluctuating earlier in the day, then heading lower. at one point, down .5%. the bigger trend to think about is the fact that we now have this index down three days in a row. the bears are gaining traction. fears around the virus. the nasdaq 100 up ever so slightly. mixed messages. but investors again ju
is theail sales number only surprise i suppose. juliette: that is quite interesting given this had been this consumer driven recovery and the positive numbers we have seen and domestic travel. gold is a miss. still seeing the incredible strength coming through in offshore youuan. onhave been seeing a risk momentum coming through in equities across the region. signing havinghe a positive boost to markets. we are seeing momentum on the asia-pacific index. it is going to close at a record high. when we look specifically at chinese markets themselves, we did have the csi 300 already near the five-year high. the csi 300 a little weaker, down by a 10th of 1%. korean airlines coming out and saying they are going to to buy.8 trillion yuan an airline. raising 2.5ng to be trillion. that is a bit of corporate breaking news. let s get over to julia. she is at jp morgan. thank you for joining us. what was your main takeaway? controls glance have been maintained. still looks like their r