Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
Country, we have reasons for optimism. With mondays announcement from the monitoring board for moderna 95 idate vaccine and showed efficacy, we have two safe vaccines that could be authorized by the food and Drug Administration to be distributed within weeks. Operation warp speed has vaccine in a fe number of ways. And ensure there are no delays in vaccine production. Because of this work, by the end of december, we expect to have 40 million doses of these two Vaccines Available for distribution pending f. D. A. Distribution and going to our most vulnerable americans. We have been laying the groundwork in administration for months. There are four major caps to get the manufactured product to americans safely in order to save lives. Allocation, distribution, administration and ongoing monitoring and data work. We have led the groundwork for these and paid for the vaccines and worked to ensure that the Administration Costs will be covered by private insurers through medicare and medicaid
We have now to safe and highly effective vaccines that could be authorized by the food and Drug Administration to be distributed within weeks. Number of ways. Operation warp speed has delivered a safe vaccine in a number of ways. And ensure there are no delays in vaccine production. Because of this work, by the end of december, we expect to have 40 million doses of these two Vaccines Available for distribution pending f. D. A. Distribution and going to our most vulnerable americans. We have been laying the groundwork in administration for months. There are four major caps to get the manufactured product to americans safely in order to save lives. Allocation, distribution, administration and ongoing monitoring and data work. We have led the groundwork for these and paid for the vaccines and worked to ensure that the Administration Costs will be covered by private insurers through medicare and medicaid for the ungin insured so american. We procured supplies like needles and personal prot
Continue to will investigate each and every instance of illegal voting. Double voting, phelan voting, people voting outofstate. Outofstate. I want to remind members of a few matters, some of them required by the regulations accompanying House Resolution 965, which established the framework for Remote Committee proceedings. First, members are reminded to on atheir video functions all times, even when they are not recognized by the chair. Members are also reminded that they are responsible for muting and unmuting themselves and to mute themselves after they have finished speaking. Staff have been instructed not to mute members except when a member is not being recognized and there is inadvertent background noise. Members are further reminded that they may only attend one remote hearing at a time. If you are participating today, please remain with us during the hearing. Members should try to avoid coming in and out of the hearings. Particularly during the questions. If during the hearing
Strong. The risk off fee here is tangible. The sap inp germany. What if you bought shares friday . Francine we understand that it could probably infect or touch the european stocks. We have the october german business confidence, 92. 7. Lets get to the bloomberg first word news in new york city with ritika gupta. Ritika House Speaker nancy pelosi says the chamber could pass the pandemic relief package this week. Still, a deal with the white house remains elusive, and the republican led senate may not act before the election. Both sides accuse each other of moving the goalpost on the legislation. President trumps chief of staff theymeadows is says will not control the pandemic, that the government response will be on vaccines and treatment, not containment. As president mike pences chief of staff and two other staff mirrors have tested positive. Staff members have tested positive. Amy Coney Barretts nomination to the two republicans are being accused of using political power before elec