Airbnb expected to go public this week. Analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. Well explaint iwhy ase xdp lunch starts right now. Thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now. Teq apple is one of fthem the dow industrialso so far today as well as theee nasdaqe pos t composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5 and 13 gains over here for the Overall Index for the russell 2000 look at other parts of the market were also watching as well look at the semiconductor. Dze cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. Billion, would make it close to around the sixth biggest stock in the s p when it eventually goes in. That happens before the open of business on december 21ste1. And perhaps Short Co
U. N. This on the day trump almost conceded defeat, but vows to in his words, carry on the good fight. The situation in paris with police under increasing scrutiny. This incident, a demonstration by migrants broken up as a controversial new security bill was voted through. This is life in paris. Thank you very much for being with us. Emmanuel macron told france the covid19 lockdown will be relax from saturday. More shops will be allowed to open for longer hours. Up to 30 people will be able to gather in one place. In a speech, the french president detailed how france would leave lockdown at setpoints, december 15 is earmarked as the lockdown, but a curfew will take its place. Christmas eve and new years eve, traditional celebratory nights in france, will be open for visiting. January could see ski stations open for business. Restaurants and gyms could reopen, too. All with no deterioration of the covid figures. 1955 new cases of covid19 in france. 1005 new deaths over the past 20 fire
Market, that is the title. Retail earnings rolling out this morning. Economic data showing customers are slowing their spending. October retail sales data shows the slowest growth in about six month. Joining us to break it down is michael mckee, Bloomberg Economic and policy correspondent. Michael we call it getting whacked upside the head here in the colonies. In april, just a 0. 3 gain for the month of october, down from 1. 6 in the month of october, with the pendant was at its worst in april. Only five of 13 categories rose last month, compared with 11 of 13 in the prior month. October andm november seems to be getting worse. Jp morgan economists report that chase card spending has fallen notably in the first part of this month. It is, as they say, really dropping off,. That suggests a weaker month ahead. Who knows what will happen with black friday, if anybody cares about that anymore, but it is a clear americans are cutting back. The actual results come a much less meaningful than
Of businesses and hundreds of govements, all felt on our shoulders. Now, i think we can see light at the end of the tunnel. The messenger rnabased vaccine is considered a revolutionary, new approach, intended to boost the production of antibodies. The trial is still ongoing, and pfizer says data could change. But it plans to apply for emergency use ahorization as soon as possle. Pfizer expects toroduce upo 50 million vaccine doses globally this year, and up to 1. 3 doses next year. The company has agreed to supply japan with doses of the vaccine for 60 Million People by the end of next june. Experts welcomed the First Successful interim data from a largescale clinical test, but they say they need to know more details, especially about the vaccines safety. Right now,ere told 90 effica efficacy, but were not quite sure what that means. Does that mean preventing any illness, just serious illns . What about the transmission . Does the vaccine prevent tranission . We need a lot more informa
With france reporting record infection rates as germany curfews go into effect in berlin and frankfort. President trump is back on the campaign trail after announcing he has fully recovered from covid, claiming he is now new. Well get rid of it all over the world. You see big flareups in europe, big flareup in canada, very big flareup in canada you saw that today a lot of flareups, but its going to disappear congressional lawmakers have rejected a white house proposal for a new 1. 8 trillion Coronavirus Relief package, as talks to reach a fresh stimulus deal before the november election remain at an impasse. The Trump Administrations plan would include aid for state and local governments and Liability Protection for business, along with 20 billion in support for the struggling airline sector. Senate republicans, though, oppose the plan in a weekend call with treasury secretary Steven Mnuchin and white house chief of staff, mark memeadows, saying they were not pleased with the high cost