To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
New details on a possible Coronavirus Vaccine. Edward. Reporter connell that is what is propelling the markets today. We have positive news out of two vaccine makers. The first one pfizer. The ceo of pfizer says they will have enough Critical Data in october to be able to submit for approval should everything go as expected. He has said this before but this is a little different because it comes as astrazeneca saw a minor setback of trials in their vaccine. The pfizer ceo says he sees americans start being vaccinated before the end of 2020. The u. S. Government secured 100 million doses from pfizer this year with an option to get 500 million more next year. As of today, more than 29,000 people are in a phase three trial for pfizer. The fda hopes to have 30,000 volunteers and pfizer says it will be there next week on the way to 44,000 people. Of those, 24 in the study are minorities. That is something that the fda wants to see. They want to make sure this works among a Diverse Group of
Disheartening to see that it can spread so easily. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by life isnt a straight line, and sometimes you can find yourself heading in a new direction. Fidelity is here to help you work through the unexpected, with Financial Planning and advice for today, and tomorrow. The william and flora hewlett foundation. For more than 50 years, advancing ideas and supporting institutions to promote a better world. At www. Hewlett. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff as our nation honored those who gave their lives in service to the country today, the u. S. Death toll from the covid19 pandemic rose to some 98,000 americans. More areas loosened their coronavirus restrictions over the holiday weekend, and Pres
Spread so easily. Woodruff all that and more on tonights pbs newshour. Major funding for the pbs newshour has been provided by life isnt a straight line, and sometimes you can find yourself heading in a new direction. Fidelity is here to help you work through the unexpected, with Financial Planning and advice for today, and tomorrow. The william and flora hewlett foundation. For more than 50 years, advancing ideas and supporting institutions to promote a better world. At www. Hewlett. Org. And with the ongoing support of these institutions and individuals. This program was made possible by the corporation for public broadcasting. And by contributions to your pbs station from viewers like you. Thank you. Woodruff as our nation honored those who gave their lives in service to the country today, the u. S. Death toll from the covid19 pandemic rose to some 98,000 americans. More areas loosened their coronavirus restrictions over the holiday weekend, and President Trump ramped up his push to
Gain of about 170 points, after the biggest oneday gain since 1933. That was yesterday. Today might be a different story. At the moment we are looking at a gain of 166 for the dow, a drop for the nasdaq, maybe down 34 points, and the s p down about 11. Mixed picture this morning as investors try to get to grips with this new package and what it means for the economy. Also influencing the market, the president s statement that he would love and he used the word three times, he would love to get the economy back up and running by easter. Thats just two and a half weeks from now. It is a goal rather than an absolute. Critics say its just too soon and many state and local governments reject the president s time frame. Meanwhile, the call for Domestic Travel restrictions keeps on growing. Some officials at the white house suggested that anyone leaving the new york city metropolitan area should be confined to 14 days quarantine. As of now, lockdown, stayathome orders are in place for well ov