France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Treasury yield target. Chancellor merkel looks to repair the transatlantic trade ties but bidens Irish Heritage threatens the u. K. s special relationship as his views around a hard border in ireland remains central to brexit talk. Welcome to the program, everybody. Just under one hour to go until the start of cash equities trading. Lets have a look at where users have us positioned. We saw a strong appetite for risk assets last week and that continues with the big news over the weekend about president elect biden. Point 21. 550 futures percent, echoed by ftse futures and dax futures. Buyave a sense of if not everything, buy risk and treasuries. We are not seeing full wholehearted embrace of the fixed income asset class this morning. This is what got on the global stocks outlook. Mastec futures outperforming. A lot of this had to do with hyden the optimism around what President Biden might do around stimulus although there is a senate conversation. What does this mean for reflation . W
But claims he has won and alleged Election Fraud without providing any evidence. Earlier, democratic contender joe biden told supporters in delaware the results look good. We believe were on track to win this election. Yes. [ honking and applause ] we knew because of the unprecedented early vote and the mailin vote, that its going to take a while. Were going to have to be patient. Despite these claims, its still unclear who will take the presidency. Our u. S. Partner, abc news, is projecting trump will take the key battleground of florida and texas. The crucial midwestern state of ohio, which usually swings to the overall winner, is also projected to go to trump. But biden is still very much in contention in a president ial race that will most likely come down to a few key wins. Abc news is also projecting the democrats will maintain control of the house of representatives. Both trump and biden have spent a lot of time and money campaigning in north carolina, arizona, wisconsin, michig
The dow industrials this wednesday morning are going to go up about 170 odd points at the opening bell. S p, modest gain. A fractional loss, though, for the nasdaq which is at the 11,000 level. Stocks overall getting help from the virus relief talks. Mitch mcconnell talking compromise. Senator schumer talking concessions from both sides. Theyre looking for a deal by the end of this week. My opinion, there is no way Congress Leaves Town friday without spending at least a trillion dollars. I think a deal is coming and the market likes it. Two stocks in the news and moving. Disney, up sharply despite losing 5 billion during the pandemic lockdown. Disney plus has 60. 5 million paid subscribers, 100 million overall and they are starting another streaming service next year. All of that helps. Disney is up seven. Novavax, their phase one trial showed their vaccine to be safe and created an immune response. That stock is way up, 30 bucks a share on the upside. All right. Something different. L
Anaheim, california in the right. As marchers prepare to start walking. These protests, we want to underscore once again, at the moment are largely peaceful. But those images of violence and looting that we have seen over the last few days have businesses wrapping their storefronts in plywood and razor wire. In just minutes we will take you straight to the epicenter of the protests, the Minneapolis Regional Chamber of commerce president is here in a fox business exclusive on how and whether businesses can banish those visions of looting and damage both big and small. Can they recover from the destruction in the twin cities and quite frankly, the rest of the nation . And the age of the highly contagious covid19, it has forced many commuters dependent on Public Transportation to take the wheel. I should say wheels. Bicycle wheels. A stunning run on bicycles as demand rises higher than the tallest peak of the Tour De France mountain. Kent internationals ceo is walmarts biggest supplier of