As well as the early human data we feel cautiously optimistic that we will have a vaccine by the end of this year and as we go into 2021. Well she is being questioned by congress of the u. S. Response to the pandemic mike hanna in washington has more on his testimony. There were confirmation on some very important factors one is that there is a lag and testing this was confirmed by the assistant secretary of Health Services that test results are taking between 3 to 5 days on average to come back and sometimes as many as 15 Health Experts have been adamant that in order to come to grips with this pandemic of the United States more than 2000000. 00 tests per day need to be conducted at the moment that figure is way below 1000000 so certainly theres a shortfall in the testing and in the results of the testing despite the repeated comments from the white house to this particular another point of major difference what was the president trying treated in well try and during the hearing objec
In brussels. Then you rollover in the stimulus, and the struggle is to get to august. That is what they are going to do at the white house today to have senator mcconnell go up to. Ee mr. Trump this is a Republican Party in fullscale panic. Jonathan congress returning to work. A 2 trillion spread between democrats and republicans going into these negotiations. Lisa it will be really interesting to see what President Trump is demanding and what he is willing to give up. Lets start with what tom already laid out. 4 00 a. M. Eastern time or p. M. Brussels time, we get the eu leaders reconvening to try to get some kind of agreement. The signal is positive. The question is in the details, as you were talking about earlier today. We will hear from the white house meeting with mcconnell, as well as treasury secretary steven mnuchin, to discuss a new stimulus package. Very curious about the payroll tax cuts President Trump is demanding that has bipartisan opposition. Aftermarket, we get to kic
167 drop. Turn positive 59 minutes left in the trading day. Yeah, set for another record day all time close for the nasdaq coming up on the show, the dow component and tech component an hour away from that up more than 30 from the march lows still down year to date. Well have full coverage and analysis when those numbers hit. First of all, lets focus on the big stories were watching mike santoli is back and tracking all the Market Action for us meg terrell has new details on a number of vaccine candidates and were following the action in washington with the key deadline approaching. Mike, lets start with you its almost faz that rotation out of tech into value didnt even happen. You missed it all of last week you know, exactly a little bit of a stutter step that is all. Maybe it took for the overheated big nasdaq names to cool off for 4 1 2 days, 4 1 2 trading days but they are leading the way today. Is a very narrow rally it is a slow motion breakout you look at a year to date, thats g
Pandemic has brought new supporters to their cause folded just like gave us all a flap in the face and made us wake up to the reality that. Nothing is changing and we needed changing we need now the people are all over upset and they. Stay in the house they dont have a war they dont have jobs they dont have food something. And our woke him up waking up their leaders have disappointed us and they didnt do their job so they grow up to contact with the citizens and now the citizens are coming together to make them i did do their job and go home i in recent weeks protesters have risked water cannon and arrest as well as threats of and actual physical assault by right wing groups the Prime Minister has labeled them anarchists complained himself of Death Threats and criticized the media for focusing on the demonstrations nonetheless the numbers on the street sunni risen saturdays protest in west jerusalem thought to be the biggest yet weeks and there is no sense of the momentum of these prot
Infections heading towards 16 million. Hong kong says the situation is increasingly severe. Has extended the Wage Subsidy Program beyond september to protect the economy from fallout from coronavirus. Shery a quick check of how the markets are trading. We are seeing u. S. Futures kicking off unchanged. This after we saw u. S. Stocks rally amid encouraging vaccine news, this time from the university of oxford and astrazeneca. The s p 500 finished at the highest since february, turning positive for the year. Tech and discretionary stocks outperforming. The vaccine optimism sort of faded. We have a very Competitive Landscape that failed to impress. Risk was revived in the afternoon session following improved u. S. Infection numbers. California and arizona reporting a slow down infections. We still have that stayathome defense rate being back with strength. The underperformance from the russell 2000 very pronounced, while the nasdaq also finished at another record high. Take a look at what