Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
This as the United States is seen a rise in the number of covid cases. Joining in the 8 a. M. Hour this morning all be speaking with health an human secretaries alex azar and markets this morning look like a mixed story attack a look after treasury secretary Steven Mnuchin said he would not extend most of the emergency legending programs that run in tandem with Federal Reserve dow industrials down 55 and nasdaq up 14 but the s p 500 lower by 4 points. Markets yesterday shrugging off lockdown to finish in the green when all said and done dow industrials up 45 points and nasdaq up 103 and the s p higher by 14 at 4 00 on wall street yesterday. To the president for trade and Manufacturing Policy peter joining me to talk all they thinks economy and china coming up. And then do nothing for nothing. How you can score a get away to hawaii for free. The morning buzz coming up mornings with maria is live right now. All right here we go european markets take look inching higher european indices h
Recovery will be slower without additional stimulus, but more aid may require cooperation between democrats and republicans. Mindaltering drugs, is it time to invest in pot stocks . Ben levisohn, carlton english and reshma. Ben, voters are always half unhappy, half happy after an election, but investors were clearly gleeful, and the market was up 7. 5 , almost 7. 5 , its best postelection return since 1932. Break it down for us. Yeah. I mean, its a new narrative going around the market now. Before the election it was all about the blue wave and how you were going to get this massive stimulus thats going to drive the market. Now its about glued lock, that were not gridlock, were not going to get tax increases, massive spending, but without the tax increases, everythings going to be okay. Were basically going to have status quo with some small changes around the edges, and you could even get lucky e and see a little cooperation between biden and mcconnell who knew each other from years i
Chairman Jerome Powell saws recovery will be slower without additional stimulus, but more aid may require cooperation between democrats and republicans. Mindaltering drugs, is it time to invest in pot stocks . Ben levisohn, carlton english and reshma. Ben, voters are always half unhappy, half happy after an election, but investors were clearly gleeful, and the market was up 7. 5 , almost 7. 5 , its best postelection return since 1932. Break it down for us. Yeah. I mean, its a new narrative going around the market now. Before the election it was all about the blue wave and how you were going to get this massive stimulus thats going to drive the market. Now its about glued lock, that were not gridlock, were not going to get tax increases, massive spending, but without the tax increases, everythings going to be okay. Were basically going to have status quo with some small changes around the edges, and you could even get lucky e and see a little cooperation between biden and mcconnell who
Remember this gem from a couple of weeks ago . [inaudible conversations] one vanilla, one chocolate. But i wanted to get what we call black and white, but were going to [inaudible] gerry withering questioning. This week there was this shocking expo is say from from e new york times. How the candidate is dealing without being warm and friendly to people because of the coronavirus. Helping a candidate over the line will, in fact, be successful. Later well talk to a couple of pollsters. But first, encouraging news on the economy this week even as coronavirus causes continue to rise and fears grow of another lockdown. Gross domestic product grew at an annual rate of 33 in the three months through september. Now, of course, that followed the dedecline of more than 30 in thes previous quarter. Arithmetic tells us that doesnt mean its back to where it was. In the final days of the campaign, both candidates talked about their economic plans. Joe biden insisted he would take measures to keep th