Something positive, right, with that rising case count hitting new records, it seems virtually every day, and deaths also starting to move up in knows hardhit states as well with hospitalizations thats certainly been a focus for Market Participants as you guys well know Scott Gottlieb who we follow closely tweeting about the remdesivir news, very encouraged but needs to be confirmed in a prospective trial, appears to be a receipt peck testify analysis of the face three data suggesting a survival benefit in severe Covid Patients. We have made the point many times it is only good news on remdesivir, but lets remember its an infused therapy in the hospital typically for people who are severely ill what we are hoping for and waiting for are significant antivirals that will have an affect on the virus far earlier in its course so that people will feel much more comfortable in resuming behavior because if they were to get it and these were to be available they could immediately take an oral
Isaac there is not much agreement we have down here, but that is undeniably top of the list. What we have seen over the past few weeks is both parties coalescing around the idea it is necessary and in the vital when it comesest to my policy with china. It is not just here. It is also our partners around the globe. I think the eu has been more serious around this matter. We have had some developments in terms of Congress Passing limited sanctions and china responding. Note thatrtant to thus far the backandforth between china and the United States has been measured, proportional, and largely symbolic. My call is we will continue to have these back and forths and a degree in headline volatility, but there is no reason to believe leaders on either side of the pacific want to see a massive unwind of their relationship in the near term and theyre battling with issues domestically. There hasyou say, been backandforth in the last day. There is also been backandforth between joe biden and Presi
Did quite well. About weve been talking the investors worrying the last few days with yields continuing to march higher in anticipation of higher interest rates, itever the month of january, looked like a pretty good month for the bulls. I want to bring in this chart, as we round out the month. You can see s p stocks the best performance since march of 2016. President trump will take a look at take credit for this. The market is still doing well. If you look at that chart, investors are optimistic about prospects and we might be hitting an inflection point. Markets are rebalancing as well, and what we saw with the bond market overnight was significant of 10 year treasury yield spiking to 2. 97 . That is the line in the sand and it is a worry for many equity bulls out there. Mentioned,vonne just the 30 year yield breaking through a significant level, that 3 yield. And it seemsh us, like Equity Investors are paying attention to the bond market. That level reached and getting to that site
We hear from the ceo first, to our lead, President Trump has announced the United States will withdraw from the paris climate attacked and that he will seek to renegotiate the International Agreement in away that treats American Workers better. President trump i will immediately work with Democratic Leaders to either negotiate our way back into paris under the terms that are fair to the United States and its workers or thatgotiate a new deal protects our country and its taxpayers. Emily detect and history already responded to trumps announcement. Tech industry already responded to trumps announcement. Elon musk saying leaving paris is not good for america or the world. We spoke to a member of the Bloomberg Energy finance team about the impact of this decision. Gap between President Trump and Silicon Valley is a grand canyon at this point, but i think what is more interesting to me is the question of how committed business has become, not just Silicon Valley, but most big businesses in
Partnership trade deal, a big blow to some asian nations but teamsters and other Union Officials inside of the white house are cheering. Right now he is meeting with Union Leaders and workers at the white house. Meanwhile on capitol hill, the confirmation showdown continues. The senate is now debating President Trumps pick to head the cia, and a Crucial Committee vote on secretary of state Rex Tillerson is expected in the hour. We have breaking news from washington and more. Melissa back to the markets. Dow was down about 25 points. They were down 95 at the low. Adam shapiro on the floor of the New York Stock Exchange watching todays biggest movers. Lay it out for us, adam. Reporter look what happened to some of the auto parts suppliers after amazon said it entered into contracts to sell auto parts at amazon. Com. Autozone, advanced auto parts took a hit, actually down about 3 . Autozone was down about 4 . Genuine parts down almost 3 1 2 parts. Oreilly automotive down 3. 2 . Almost 3.