Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
And we lead the program with the latest development in the treatment of copa 19 in the u. S. Food and Drug Administration on monday authorized emergency use of eli lillys experiment mental antibody treatment. Thats balm let me be mocked the f. D. A. Said the emergency use authorization was given based on Clinical Trials showing the drug reduced the need for hospitalization or emergency room visits and high risk tobit 1000 patients now the regulator added that it can be used now for treating patients over the age of 12 with mild to moderate symptoms but cannot be used for patients who have been hospitalized due to cope at 19 lilly is hoping to supply as many as 1000000 doses of the treatment in the 4th quarter of this year now the u. S. Government previously made an agreement with the drug maker for the early supply of the medication on the news lately stock was up as much as 4 percent throughout the day. And following the news that pfizer bio and texaco but 1000 vaccine candidate showe
Attention to what is happening. Very much what we did earlier. This is it this is what Christine Lagarde says the central bank will do. The governing council will carefully assess incoming information, including developments in the Exchange Rate when it comes to simplifications for the mediumterm inflation outlook. Christine lagarde, president , speaking earlier and joining us now. Christine lagarde basically indicates it is ok until there is an impact on inflation. Three ways the ecb can talk about currency. They can talk about principles, how it is not a part of their policy. They get seriously concerned about the movement currency and it could lead to price stability or the aims to achieve inflation goals being undermined. We can go back to worrying more about covid19, more about the growth prospects, rather than ecb getting too worried today. Whenever you see a headline about policymakers, bear in mind the context of where it is coming from. Those comments are in reference to the q
Hackett was brought in, he was a board member, previously he had done a great job at steel case the Office Furniture company in michigan and when he came in and he said, look, we are going to transform ford, get it ready for the future for Autonomous Vehicles, for electric vehicles. That hasnt happened ford has been mired in really not being making the move that its needed to make since 2017 they are starting to change that a little bit some of that because of the moves that jim farley has made as coo, he becomes the ceo effective october 1st and the marching orders are pretty clear. Transform this company, get ready for a future with electric vehicles, Autonomous Vehicles at some point, not immediately, but at some point, but, guys, this is the most interesting stat that i can find. If you go back over the last, what, 20 years, 19 years, only one ceo at ford, alan malaly posted a positive gain in ford shares there you see hacketts performance since may of 2017, down 38 , similar to fi
Ahead of ourselves but it is gratifying to see the momentum barclays sets aside 3. 7 million shares. Sending shares lower in london telling us this banks Capital Position is strong we remain very capitalized and liquid we sustained profitability in the face of this pandemic. That allowed us to help customers around the world santander sees red amid a slew of write downs. Investors find the diamond in the rough at kering sales fall less than expected, dropping almost 44 . The French Luxury Group says there will not be a second half bounce back. As you heard there in the headlines, we heard from a number of Companies Across different sectors putting it all together markets trading higher up 0. 2 . We are building on yesterdays gains the main benchmark breaking a twoday losing day for the european markets and also on wall street. The Federal Reserve, the conclusion for the meeting as well as keeping an eye on washington where big tech will be coming under scrutiny a lot for lawmakers to d