Sees a 25 rally ahead should you bite into this name we begin with the news that moved the markets, stat news pulling the coronavirus vaccine. The reports saying according to the vaccine experts, theres really no way to know how impressive or not the vaccine may be while moderna blitzed the media, it revealed very Little Information and most of what it did disclose were words, not data that report sent stocks tumbling look at the Market Reaction when the story hit just around 3 00 p. M. Eastern time and it closed at the lows of the session and modern a of course, finishing the day sharply lower. Guy adami, the hope rally was fueled by moderna. Hi, mel here we have the decline in the markets because of moderna yeah. And its disappointing, number one. And im not a Clinical Research scientist more do i pretend to be, but we talked about this last night we said, you know what this it seems a little sparse in terms of information and we thought people were getting their hopes up and yesterd
Points. As the coronavirus outbreak shows no sign of slowing here in the united states, the s p and nasdaq are going to expand after earlier rallies. Down three and a third , nasdaq down two and a third period in what will be possibly the most important hour of trade this entire week, our market power panel among them manage more than 1 trillion is here. Whether he sees any Entrance Point and Eric Freedman on the one sector he loves in both good times and bad. As new york governor orders the entire estate to shelter in place, one of the biggest hospital chains is kicking off Clinical Trials in partnership with gilead, the two Companies Close to a vaccine. The man, the doctor overseeing the study of patients who have tested positive at the hospital gives us a scoop on how quickly his team can get the job done. Movie theaters across the nation have gone dark. The Box Office Receipts are plummeting. Amc theater ceo adam of Amc Entertainment on his Companies Fight for survival and how much
I imagine it will take a lot to break 1. 30. Snp is up. Let us take a look at your. The stock flat over all. Dax is down. Carmakers butto we are seeing a little improvement. The german tenyear yield is tocting and bringing it up zero. Lets get to the latest on brexit with Boris Johnson speaking and parliament. He announced his agenda for the u. K. After it separates from the european union. One message i heard from this campaign in every corner of these islands. It is not just that the british people what to get brexit done. They want to move politics on and move the country on. Vonnie joining us from london his opinion editor to resurrect five. Raphael. He can do almost anything he wants. Some other surprising elements to those who watched the reaction within the conservative his decision to suspend parliament was overruled. There will be a review. A Constitutional Review that will take a look at the powers of the court and how that works. That was one thing he announced. Parliament a
Month. Corporate earnings and sharp moves from the likes of broadcom, origacle, and adobe. And the u. S. Is weighing new 100 tariffs on new european products, including whiskey and cognac plus, a big interview just minutes from now Morgan Stanley Ceo James Gorman, a live and exclusive interview right here at the exchange joining us for the hour is lindsay bell, chief investment strategist at ally invest. Good to see you today, lindsey were seeing the markets kind of shrug over these trade headlines, why i think the market has really priced in a phase i deal getting done the news in the Early Morning market got excited and that quickly got deflated the market is up 26 yeartodate its trading at an 18 times multiple which is pretty rich by historical standards this is really just the market kind of taking a breather and waiting for earnings and the Economic Data to really get caught up to those earnings multiple we are set for record alltime closes. Anything positive for the s p and nasda
1 it is not the fed. Its not the trade talks, its demand demand for money demand for homes, demand for processing, demand for cancer drugs and programming and demand for cell phones and demand for planes and of course perhaps most important, demand for stocks yet if you listen to most of the experts you here a lot of fury about ow the Global Economy has gotten weaker because the trade war has shut down international trade. I dont want to sugar coat anything the Global Economy has absolutely taken a hit yearoveryear and the tariffs are part of that but here is the thing. Many stocks were trading like were about to get an even more stringent round of tariffs and that didnt happen instead the president started negotiating with china and that allowed a host of flailing stocks to get their mojo back. The tariff made it strong that without the averages demand would have never made it this far. Let me walk you through the places where that demand is m t most palpable first there is demand for