New details on a possible Coronavirus Vaccine. Edward. Reporter connell that is what is propelling the markets today. We have positive news out of two vaccine makers. The first one pfizer. The ceo of pfizer says they will have enough Critical Data in october to be able to submit for approval should everything go as expected. He has said this before but this is a little different because it comes as astrazeneca saw a minor setback of trials in their vaccine. The pfizer ceo says he sees americans start being vaccinated before the end of 2020. The u. S. Government secured 100 million doses from pfizer this year with an option to get 500 million more next year. As of today, more than 29,000 people are in a phase three trial for pfizer. The fda hopes to have 30,000 volunteers and pfizer says it will be there next week on the way to 44,000 people. Of those, 24 in the study are minorities. That is something that the fda wants to see. They want to make sure this works among a Diverse Group of
Senate gop leaders releasing a plan for more stimulus, sticking to a trillion dollars they more or less promised. Are the gop and white house playing with fire . All that and so much more on making money. Charles all right, folks, the market is off to a positive start as megacap stocks begin the week with a chip on their shoulders and wind in their sails. Google up 1 1 2 , fast book up 1 . They will all report earnings this week and they have all have to report to congress as well. This morning jpmorgan raised target of apple to 425 from 365. Almost son from 2hundred to 3600. Find out if theyre buying or holding. I have folks who tell us what they think. Constellation ray wang, Gibbs Wealth Management president erin gibbs is here as well. Let me start with you, ray. Big tech a little wobbly last week there were questions about microsoft and the cloud revenue not be 50 and the quality of teslas numbers but they dont stay down long, do they . No, they dont. Big tech is very hot. Everybod
Several areas we consider planes to reopen. Optimistic. Emains treasury secretary Steven Mnuchin says he expects the session to end this year with another Stimulus Program in the pipeline. Paul we are about an hour away from the open here in australia and tokyo. Lets get a check on what we can expect for the new trading day with sophie in hong kong. Sophie asian stocks looking at a muted start this wednesday. This after we sell stock gains fade into the close. Check out what is going on with qe markets. The qe dollar is trading ahead of the rbnz decision. In the bond space, we are seeing five basis points this morning. The central bank of new zealand seen holding pat. That is one of the items on the agenda we are watching with market very much in wait and see mode. Plenty of firepower being amassed in deal space the latest news of kp are having pulled together 10 million. Lets jump into the turn will. The terminal. We could be seeing positive mental for asian stocks. As you can see on
In the corporate world office cash and apologies for historic racism. Critics say people want more than just words and serious action is needed. Lets get you a look at the markets. We had a whipsaw session as these comments from jay powell really causing investors to take a step back and consider the amount of risk being put on the table with this record rally weve seen this year. We are seeing on the downside when it comes to trading in u. S. Futures. Down by 4 10 of 1 . Chicago futures, also pointing like a down stock when it comes to trading. Over in tokyo, i should say. In sydney, a downside of 1. 4 . Interestingly, we are seeing that strong rotation from gross into value stocks in the australian market. New zealand, on the downside of. 25 despite rough data that suggests credit card data for may saw a bounce in consumer spending. Story, back to our top the Federal Reserve sent the most dovish signal it could after they didnt. Make a policy change Kathleen Hays is here. She has pow
Well, thank you very much. This is a very big day for our country. Its an affirmation of the work we have been doing for three and a half years. This is not just for the last few months. This is for three and a half years. Its a great thing. We were very strong. We had the greatest economy in the history of our country. We had the greatest economy in the history of the world. And that strength let us get through this horrible pandemic. E pandemic. Largely through, i think we are doing really well. I had a meeting yesterday on vaccines and we are doing incredibly well with that. I think you will have a positive surprises and therapeutics likewise we are doing extremely well. Sure is we are doing well. I think those two words blend with each other. Cures. Tremendous progress is being made on vaccines. We have ready to go in terms of transportation and logistics, over 2 million ready to go, if it checks out for safety. And it is also, the nice part is, we have four companies you , could s