Global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. I am vonnie quinn. Welcome to Bloomberg Markets here are the top stories we are following. Covid vaccine in the ether again. Pfizer says a final analysis of the chemical trials data shows its vaccine was 95 effective. Free han the 90 previously. Michael stubblefield, ceo of of and later we will speak to the ceo of intact financial. It would be the biggest acquisition of a u. K. Listed company this year. A quick check of the markets. For the most part, not doing much. The s p 500 unchained. The 10 year yield under 88 basis points. Weakk dollar index a dollar index. We have a slightly smaller dollar. Investors keeping an eye on vaccine development. Tor provides materials for vaccine candidates. The president and ceo Michael Stubblefield joins us for more. Michael, you provide Raw Materials for most of these vaccines
Stocks stumbled out of gate. This is blowoff of november to remember. Reversal that may have been sparked by record homebuilder sent meant. Some think the market is too optimistic and toppy. They say it has gone full bull. Is it time to buy or sell. Of course those ceos of facebook and twitter, they are more contrite this time around in latest capitol hill hearing. Republicans and Democratic Senators are both admonishing them for abuse of power. Well continue with a life report, get reaction from tennessee senator Marsha Blackburn. All that and so much more on making money. Charles a little bit after trap door as the market opens for trading today. The s p 500 now though, remember yesterday hit new alltime highs. So the selling really is natural considering that it has been 12 trading days in november where the s p is up almost 11 . The dow is up more than 13 . In fact there is sort of a growing feeling the market is ahead of itself. That is the conclusion which bank of america in its
Initiative by the Peterson Institute. Just in time for not just in time for a new u. S. Administration, or a new term of an old administration, depending on what happens. But in time for the stock taking going on in the world, on how to open the world economy, when the u. S. Has behaved as it has for the last four years, but also importantly, when we are all facing the vulnerabilities that came out of the pandemic. Before introducing my colleagues who will be speaking about memos to the white house, National Economic council, the c. E. A. council of economic advisors , the office of manufacturing and trade policy about industrial policy and the u. S. China , strategic dialogue, let me say a couple of words about the rebuilding project. We are very excited about this. It is open to everyone, in the sense that we wish to engage. In all of our and all of our publications and events are online. The world has been moving backwards since roughly 2008, both in terms of economic outcomes for h
Im the historian at the house. And my job is to collect biographical information on members, gather lists and to conduct oral histories. We answer reference questions in our office that come from on the hill and off the hill and we try to tell the story of the house which is this very big, very Old Institution in a way in which people can kind of connect with it at a human level. We do that through telling biographical stories or clips from oral histories that give people kind of a human sense of a very large institution. And today we thought we would try and do that with you by telling you about the history of women in congress which is a history that dates back to the early 20th century. This is a nifty piece of campaign femora. Its Clare Boothe Luce memorabilia. And Clare Boothe Luce would have been the republican counterpart of helen douglas. She was well known to the general public. Her career really had started as a writer and editor. She later married henry luce, the founder of
Council of economic advisors obama. Resident its an hour. [captions Copyright National cable Satellite Corp 2020] [captioning performed by did national captioning institute, which is responsible for its caption content and accuracy. Visit ncicap. Org] [captions Copyright National cable Satellite Corp 2020] here today as as part rebuilding the Global Economy project. A major initiative, not just in time for a u. S. Administration or a new term of an old depending on what happens, but in time for the stock taking going on and the on how to open the World Economy when the u. S. Has ehaved as it has for the last four years but also, equally importantly, if not more so, hen were all facing the vulnerabilities that came out of the pandemic. Before introducing my colleagues who will be speaking today about memo to the white house, economic council, the c. C. E. A. , and the u. S. China trategic dialogue let me say a couple of words about the rebuilding project. Were very excited about this an