Off guard eason stoking calls for a stricter lockdown nearly 500 deaths and 28000 new infections have been reported over a single day chancellor Angela Merkel and regional leaders will consider tougher restrictions in emergency talks on sunday. The 1st International Aid convoy has arrived in ethiopias to grad region since fighting broke out almost 6 weeks ago the mission includes 7 red cross trucks carrying medicines and supplies for hospitals and about 1000. 00 families who were displaced by the conflict. This is d. W. News from berlin follow us on twitter and instagram at d w news or visit to d w dot com. Our planet contains name. Treasures we extract metals and minerals from the ground to use for building roads machinery and computer chips all our Technological Progress depends on these resources but supplies of Raw Materials are not infinite in many cases mining them poisons people and the environment and yet the Electronics Industry critically relies on them how can we continue to
To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
About it and how the Company Plans to fight continued covid and political misinformation. The former Economic Council director gary cohn urging congress to pass more stimulus now. A sneak peek of my wideranging interview on everything from bitcoin to spacs, coming up. U. S. Stocks fell from records as ofestors weigh the prospects risk. Zoom video just reported after the bell. Abigail shares modestly lower in the after our market trading. For any other stock, it would be a pretty decent decline of about 4 , 5 . Forume video, it is a zoom video, it is a modest decline. Their sales basically quadrupled in their fiscal third quarter. Upy beat adjusted earnings, 6500 . They put up a penny a year ago. In this quarter, they put up . 66. You do have the stock down, probably because this is one of those high flyers on the year. Thanthis report, up more 600 on the year. They essentially got perfection at least ahead of the call. It appears they wanted just a little bit more. Relative to a stock
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Gaining. It is time to admit that conventional wisdom has been wrong every step of the way. In this market, patience is not a virtue discipline cluster of fortune. Buying the most obvious stock, well, that has been a strategy that was easy i struggle about how this is possible i am not used to a mark that reward investors being late to the party. We found out moderna has a vaccine that may work better than pfizer. Thats getting off the table we got uncontrol spread over america. And mayors and governors refused to shutdown the bars and restaurants. Those are the main places we are getting infected no, it is at home, jim this pandemic is steam rolling us the prospect of a vaccine keeps on plotting it and shutting everything down. I am sure you are wondering, given the numbers that we see, how is that possible first every now and then there were moments that well stood on our head. Time like these is not sell. You must be willing to suspend judgment how far stocks can reasonably go. Than