Companies listed in new york. Tiktok remains a major stumbling block. Uber delivers, but not where we might have expected. Food shipments top ridehailing for the first time as the decade of unchecked growth hits the brakes. Haidi lets kick it off with a check of the markets. U. S. Stocks are surging, pushing higher as hopes of a stimulus to deal in congress will be imminent as President Trump says if nodeal is forthcoming, he could take action himself. The are seeing s p futures looking flat at the moment after the s p 500 pushed its fifth straight positive session overnight. Chicago nikkei futures also pretty flat at the moment ahead of the holidays kicking off next week so as you expect, we are seeing traders shifting their holdings and also assessing a flood of earnings. The aussie dollar holding that threeday again before the rba Quarterly Monetary Policy forecast. That report due out this hour. 72. 33. We heard from phil evans in the previous hour saying he sees putting clear road
Ten year is yielding around 0. 65 . Yeah, 0. 648 30year is at 1. 383 andrew thanks, becky nice to see you. Meantime, civil Rights Groups involved in that meeting with facebook which we previewed for you yesterday right here on squawk, well, the companys platforms, they are calling that sitdown meeting disappointing. They say they were unable to get commitments from Company Leaders on how they plan to combat hate speech and misinformation on the site facebook spokesperson said this was an opportunity for the company to reaffirm the commitment to combatting hate on the services well talk a lot more about this later with somebody who was on that phone call. I dont know if it was a phone call or a zoom. They dont do zoom, guys. They didnt i thought it was a zoom . Facebook now has their own. They do they have their own platform now. I dont know if you are going to meet with well, ive had meetings on facebook they often use blue jeans. I thought it said zoom but it might have been used sayi
Model which was the Imperial College of london model which has been shown to be fundamentally flawed and they said ok lets take that as given and then lets look at lets kind of see what policies will save how many lives and they came up with us an astounding measure 1760000 wives which now by the way birch really no one believes that anyway thats what they said and then they took this value of a statistical life that economists talk about i can explain that a little more she wanted multiplied one by the other and while i got almost a trillion dollars in benefits and they said well lock downs are extremely costly but they are going to cost close to a trillion so therefore we should do it. Is was it an economic consideration rather than a moral or ideological one thats correct but by the way i should have said lockdowns let me just read you what they study they study combine the home isolation of suspect cases on koren 1000 of those living in the same household as suspect cases and socia
60,000 new cases in a single day for the first time oil is holding 40, gold topping 1800 for the First Time Since 2011 david, it was a quiet calendar already going into this week, but it does seem like today in terms of looking for inputs traders are really on their own this morning they are. I mean, you know, the only calendar, carl, that really seems to be getting busy and staying busy is the ipo calendar which we should mention as well just because it is some sort of reflection of demand in certain parts of this market the latest of course Rocket Mortgage, thats going to be an enormous ipo, we can talk a bit about that later if you want other than that not that much to key off of clearly, mike, this is not a market that seems to be particularly concerned in terms of keying off of the rising cases of covid that were seeing around the country and the reversal of reopenings, the slowdown in business, certainly in travel, leisure, restaurants, that is resulting from the rising caseload.
While to discuss that im now joined by David Hammond arsen a Research Fellow with the Hoover Institution at Stanford University professor henderson its good to talk to you thank you very much for your time and if youre actually now one of the things that has been possible in me is that all of the call that 19 pandemic is that in many countries its economists spread merrily liberally minded economists who are very much in favor of the strictest lowdown possible while many at the dimmy all exist and other Public Health professionals are a forum or are reserved about such tools mashers how do you explain that. What i think it what economists did early on starting in march the reason university of chicago study was they took the most extreme. Model which was the Imperial College of london model which has been shown to be fundamentally flawed and they said ok lets take that as given and then lets look at lets kind of see what policies will save how many lives and they came up with us an ast