Sense. Wel welcome, this is early start. Im christine romans. It is 5 00 a. M. In new york. Laura has the day off. We again with a residential Building Collapse theyre miami beach, dozens of rescue units are on the scene. Were heading there right now, this happened just in the past few hours. We know Something Like 100 units from miami rescue are on the scene there trying to dig through this partial Building Collapse. If you know miami, this is 88th and collins, the village is called surfside. Again, well bring you live details as we get them this morning. Next 24 hours hugely critical to the biden agenda, senators will heat with the president today after shake hands on a bipartisan infrastructure deal, they are also staring at a fast approaching deadline on Police Reform. And democrats under pressure to actafter Voting Rights failed in the senate. Daniella diaz is live for us. What are they doing as the clock ticks down . Reporter it is pretty critical that they actually reached a dea
From bear market to a new record at the fastest pace since 1991. 193 trading days from low to a record. But the vaccine by both moderna and pfizer are about to create a mountain of medical waste. This is all great news for one company out there, steracycle which disposes of it for hospitals and medical facilities all across the world. The ceo is in full preparation mode. Shes going to explain what theyre doing to get ready for that in a fox business exclusive. And as casino stocks rally on the vaccine news, are they kicking off the party a bit too early . The ceo of circus sports just opened the biggest sportsbook in the nation. How hes actually calm about this. Hes betting his early open will earn him a lot of green. First, weve got team fox business coverage ready to roll. Blake burman live at the white house with the plan now in place to distribute the moderna vaccine. Hillary vaughn is in wilmington, delaware with what president elect joe biden is about to say in a speech about the
Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
Melania trump and some of the activity around these wearing in ceremony for these new citizens. The goal to make donald trump seem personable and softer. I think so far the rnc has done a decent job. Criticismre was some of the democrats last week saying it was soft on the policy specifics. At the same time i dont think i have heard much about what President Trump would do with four more years. I think the lack of a second term agenda has plagued is effort thus far and it something they can continue to look at doing, particularly with the president set to speak tomorrow night. Thats a venue where you would expect to hear more about what a second term would look like from the nominee himself. But i think its going to be important for the president and his team to articulate that policy. Having done policy on several president ial campaigns come i think that voters still want some substance. Not all of it but some of it. I think bidens team and trump steam have been trumps team have been
It is showing how much power these businesses have to move the index in one direction or another, outweighing technology. As we look at the valuations 2000, the big underperformer today, relative to the median forward valuation on the s p 500, the ratio looks ugly, we are back down to the lowest we have been. I dont know if that is the denominator of the s p 500 continuing to decline. It could be both of those. It has been a downward trajectory, and we have yet to see it. Calls forwe have got questions to be asked of our guests as well. You are a growth investor. There are queries from viewers whether this can be sustained. We have been talking about the heady heights and valuations. You think the nasdaq 100 may have hit a wall here, or can it pull higher . I think we can continue to go higher for no reason at all other than sentiment. As a fundamentally biased investors, you believe you need to have some cyclical rally that comes through for most of these sectors to come to fruition.