Gave an update on Coronavirus Relief negotiations, funding the federal government, and the election results. Reporters asked about the delayed transition for president elect biden and the role the house could play in ensuring a smooth transition of power. A smooth transition of power. This is about 25 minutes. Speaker pelosi good morning, everyone. As our nation prepares for thanksgiving, we thank god for all the blessings he has bestowed upon us, our men and women in uniform who keep us safe. We thank them and their families for the sacrifices they make for our democracy, for our freedom. This year, we wont be able to be joining each other in the traditional way, but virtually well come together to thank god for our blessings. As we do so, though, it will be with great pain, with great pain that in our country and the course of this year, 250,000 americans have lost their lives from the coronavirus. Daily cases have averaged over 60,000 in this past week. Hospitalizations have set a n
The s p up 11 the dow up nearly 13 on pace for its best month since january of 1987. The nasdaq up about 12 . Check out the small caps because the russell 2,000 is up almost 21 in november alone. Thats the stock world but, melissa, our other favorite topic, bitcoin thats been moving a lot, too. Maybe joes favorite topic, at least bitcoin after recently hitting 16,000 were seeing it recoop some of those losses in recent days its up by almost 2 today, above 18,000, 18,540 guggenheim is reserving right for 5. 3 billion Macro Opportunities Fund to invest up to 10 in the Gray Scale Bitcoin Trust which is only invested in bitcoin and of course this follows many large investors including stanley drunken miller voiced support for this krip cro currency, joe. Yes, it has been getting traction interesting recent trading and good to see you, melissa and andrew its tough to come back from vacation, but having you here, melissa, i dont know, it just makes me feel very, very comfortable, happy my he
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
Vaccine. There were a total of 95 cases of symptomatically covid. The vaccine was 94. 5 effective. There were no reports of serious side effects. Other hopeful news, all 11 cases of severe covid illness were in the placebo group. The cofounder and chairman of moderna spoke about the results. We have a number of different other subgroups we are looking actively at. In general, it looks like the vaccine performs broadly across all the population groups that we consider. Moderna expects to have 20 million doses ready to ship by the end of 2020. The Game Changing result comes a week after pfizer announced similar results for its vaccine. Pfizers vaccine is shown to be more than 90 effective. Stocks are up on the Moderna Vaccine news. Right now, the dow is up 337 points. A u. S. Officials as the pentagon is expected to cut the number of u. S. Troops in afghanistan and half by mid january. This, according to the associated press. The pentagon also expects to cut the number of troops in iraq
Touting success in fighting covid19. The news comes as we learn 11 million americans are infected with the coronavirus. Black do not need any device. It will be the same as getting it at cvs. Reporter the moderna ceo took to the airwaves words of comfort for a jittery global community. He says Clinical Trials show shots from the drugmaker vaccine provide strong protection against covid19. Vaccine is being created with the National Institutes of health and is being tested on 30,000 volunteers. Those subjects either received the vaccine or a placebo. So far, the two shot moderna solution to covid which needs to be kept in a cold place appears to be 90 for. 5 effective. Once you have a vaccine shown to be safe and effective, you can go back and do phase one and phase two trials in children. Trucks of a congresswoman anna eshoo sent an email to fox 2 interaction to the recent element thing and part, importantly, the vexing candidate so appear to prevent severe covid19 disease. It is extrem