After hitting another all time high earlier in the session. The selloff coming as California Governor Gavin Newsom rolling back reopening plans as coronavirus cases spike in the state. Bars, gyms, salons, malls, other businesses ordered to close indoor operations in 30 counties that represents 80 of the states population does this officially put a close on the reopening rally guy . I dont know again, i dont know if this was a rally on the reopening or hopes that there was some vaccine out there or the fact that the fed is back stopping this entire thing, but ill play your reindeer game, mel, and say this was the reopening rally. Im shocked that people are surprised that the reopening is not going as well as a lot of people were indicating it would. So it should put an end to it because on top of that, as we just talked about earlier, or sara and wilf talked about, you had one of the biggest reversals in the market. It looks to me eastererily simio some of the moves in late march when t
Facebook, netflix all turning positive we are up 3 4 sorry, 2 3 on s p. Another higher day, certainly off session highs. Coming up on todays show. Great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. Early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft hes going to join us to explain. Speaking of the pandemic, new Jersey Governor Phil Murphy will join us to discuss his states path forward, whether hes prepared for what the fall will bring in the northeast. Lets focus on two key stories meg tirrell with modernas vaccine news and Big Bank Earnings certainly better with Goldman Sachs. Meg, start us off with moderna. Hey, sara the full phase one trial results from the Covid Vaccine published last night in the new england journal of medicine. This was 45 in the trial we got a glimpse of 8 out of 45 on important key data. These were healthy adults who received two vaccines a month apart. Everyone generated a
With looking at you, sorkin you are on a huge, huge screen you havent seen that. No one has a tv set. How big is that thing . 108 can you get one of these. A little too close. Back it up a little. I almost said this morning, futures down this morning after yesterdays yesterdays 300point gain so, okay they are down today. How do you sell this it was weird yesterday, wasnt it all morning long virus and all of this. End of the day, i looked it up up 300 i dont know look, the problem is that these swings we are seeing, weve all become kind of unnerved to it that was only after a loss from the day before we are looking at these up and down swings. The dow right now is still down for the week the nasdaq is indicated up for the week well continue to watch that looking at u. S. Equity futures the dow was up 300 points and the s p up 33. Nasdaq up 107 points also up about 1. 7 this morning, nasdaq is hanging in there up about 6 points and s p is off just over 3. 5 points. Yesterday, the 10year
Companies keep pulling ads from the social network. Starbucks and pepsico among the players. Charlie has a big scoop on the facebook story. As the coronavirus death toll surpasses another tragic milestone, and cases spike in some regions, the search for the cure presses on. Jacob glanville is star of pandemic and is here to tell us how his treatment is curing cancer and if human trials are around the corner. Plus a new front in the electric vehicle cars. Nikola motors taking orders for its Tesla Cybertruck competitor, the badger. The executive chairman is here to tell us how orders on day one are faring. Less than an hour to the closing bell. Im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl we begin with some breaking news this hour. Amc theaters is going to begin reopening its u. S. Theaters on july 30th in line with Disneys Mulan and Warner Brothers tenet. They originally said u. S. Theater operations would resume on july 15th. Little bit of pushback.
Winning streak falling by 300 points yesterday take a look at whats happening. Yesterdays session, the dow was down s p dipped back in for the year inching its way in the day before the nasdaq did power to a new record close and briefly broke above 10,000 for the first time. Lifted by amazon, apple, facebook and microsoft which all closed at record highs adding about 5 trillion. About the amount well spend in federal spending this year also take a look at whats been happening with u. S. Equity this hour both the dow and s p are under a little pressure. Dow indicated down by about 60 points s p down by 3. The nasdaq, even after all these gains is indicated up by about 17 points this morning taking a look at whats happening in the treasury market the 10year seems to be yielding 0. 797 crude oil prices are in the red. Crude oil prices, talking about the recovery theyve made. Talking about wti. Down about 2. 3 . What an improvement or a gain in crude oil prices now above 38 thank you it is