Major breakthrough. Good evening. Im julie haener working from home tonight. Im a frank somerville. Researchers at Oxford University have been testing the drug and they say that if the steroid had been used from the beginning of the pandemic, probably thousands of lives could have been saved. 10 months is a smith has talked with medical experts today and the drug is widely available and not that expensive. Yes, frank in fact i did speak to a stanford doctor on the front lines of the pandemic who is cautiously optimistic but says she would like to see the data behind todays findings before putting the steroid to use. At Stanford University doctors in the intensive care unit treating the sickest covid19 patients are taking a closer look at the drug dexamethasone to help improve patients chances of survival. Dr. Leandra rogers specializes in pulmonary and critical care. One of the most important things about the study is it seems to help very sick patients with covid19. Reporter on tuesda
Airline heavily criticizing the bailout deal the worlds biggest lighting maker has made a product that can degrade the virus and disinfect indoor areas all the applications we are putting into the markets are safe the good news is that it is also good for covid19. South koreas minister agrees to step down after north korea shows footage of it blowing up on the border a warm welcome from street signs. The stoxx 600 is in the green. There have been a few significant positive developments in the last 24 hours, we had those strong retail numbers come through providing a boost in the u. S. And europe. On the health care front, we had Health Care News the uk major drug trial found that a 60yearold steroid, very common, widely available, cheap drug actually reduces the mortality rate of Covid Patients this is the first drug they have found that reduces death from the vie vus. We have remdesivir but this drug, dexamethasone cuts the death rate. We are eyeing beijing where theyve seen a new set
Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
And it would obviously be fairly strong gains the week after the weakness we saw in the Broader Markets last week. Not a lot of individual news this morning, jim. But always curious as to what caught your attention. Oil at 40 makes people feel, wait a second, maybe the economy is not so bad. Maybe thats the v. We have of course an apple price target boost a couple of Companies Reported that were not disastrous thats regarded as being positive and the day traders, they dont stop at one point today, were going to have to talk about them because of a tragic instance that happened. Ive been seeing that in my twitter feed as well i think cnbc has done some reporting on that in terms of robin hood very unfortunate and well talk about that and well talk about your friend who i know you follow closely, but back to the Broader Market and back to something we spent a lot of time talking about over these last few years which is china trade. Bloomberg is reporting that they will accelerate its agr
For you with Jackie Deangelis watching these markets today, Edward Lawrence has some reporting from washington, well get to edward in a moment but on a friday afternoon jackie we start with you. Reporter well, lets take a look at where the markets finish for the day because the dow started a little bit higher there was optimism about reopening but that petered out because you can see that the dow is down 207 points the s p finished for the day by 17 and the nasdac managing to get out a small gain of three points there but also early optimism about some commentary coming from china about its commitment to the phase i trade deal too, but what really took the wind out of the sales was this report coming out of apple saying that its going to close close to a dozen stores because of spikes in coronavirus cases across the country that have raised concerns so when the market sees apple is a little bit worried the market gets a little worried and they said in a statement and ill just give you