Vaccines. Virus deaths hit a record in the u. S. And in italy. And finding a compromise, opec agrees to slowly add more oil year after days of tense talks. Saudi arabias Energy Minister called the process of excruciating. Welcome to the program, everybody. Welcome to the European Market open. It has just gone 7 00 here in london. German factory orders rising 2. 9 month on month. The estimate was for an increase of 1. 5 . That was better than anticipated. Factory orders arising year on year, 1. 8 . The estimate was 0. 2. We have seen a continuation of growth coming through. We will see what momentum is like in the further winter months. Another story out of germany, potentially more interesting, perhaps. Germany has agreed to extend a to preventr bankruptcies as the economy is hit by the second wave of the pandemic. Germany is extending its 37 billiondollar backstop for Credit Insurance by another six months in the month of june. The industry will surrender 60 of remittance to the gover
Welcome to squawk alley. The at Home Technology story continues to deliver big you can see there sonos up 26 this morning after strong earnings want to talk to the ceo in a minute and nvidia also delivered solid results on pc and Data Center Demand beating on both earnings and revenue. Sales up 57 from the same period last year though its lower this morning on modest guidance second biggest gainer on the s p 500 year to date though. Julia, its really interesting how, you know, stay at home stocks maybe suffering a bit but some of the Underlying Technology driving some of that action doing quite well well, jon, one stay at home stock that is not suffering today is roku. That stock up over 6 . Driven in part by the circulation of reports saying that roku could be near a deal with at t to have an agreement for hbo max to be included on roku which would be a big deal and speaking of hbo max, i have to mention that news that wonder woman 1984, the big wonder woman sequel that was scheduled
Platforms. Were only in this studio and together. Were making sure you stay safe, everybody. Stay safe, stay safe, increase in streets safe. Another cold with vaccine, a hopeful u. S. Pharma company, modernity. Jab, scholz, 95 percent africas ian trials. That as germany is pondering, even stricter measures to rein in the pandemic. Also coming as development, i think over 19 vaccine makes progress plans to distribute it around the globe are also on the way and once a price tag for the remains of a troubled company, spain, sometime there picks up wire cards, cord, European Business for a 100000000 euros im chris cuomo in berlin. Welcome to the program, and then there were 2 of us former firm, and ernest says trials of its corona virus vaccine candidate show it is 95 percent effective as the 2nd company to announce successful trials after fires there. And by on tag last week, it will still take time for the actual vaccine to be certified. But already there is the question. Will there be e
Governor today. Liz . Reporter hi, larry and kristen. Yes, there was a lot of news at this briefing today. We did get an apology from the governor for attending that dinner party at french laundry. The only one that didnt is sonoma county. Thats because its already in the most restrictive one. With just over a week until thanksgiving, not great news from governor nufz. Covid19 cases in california have doubled in just the last ten days and on sunday the state reported over 10,000 cases for the First Time Since august. This is simply the fastest increase california has seen since the beginning of this pandemic. Reporter because of that newsom says the state is pulling the emergency brake. Today he announced 40 counties are moving backwards into a more restrictive tier. In the bay area, all counties are now in either red or purple. The most restrictive. Every age group, every demographic, racial, ethnic, in every part of the state we are seeing case rates increase and Positivity Rates inc
The postelection risk rally faltering. Of good morning, everybody. 7 00 in london. Eight in paris or berlin. Lets have a look at the equity markets. Look like europe this. Negative. This is indicative of what we have seen on u. S. Futures or are seeing. U. S. Futures down 0. 5 . Nasdaq futures off their lows but still pretty negative. We are losing our nerve on Global Equity markets. Three days into this neverending election account it seems, the context of course is important. The rally we have seen must have been forgotten when we look at nasdaq futures, up nine, down one. Lets have a look at the gmm. Going on other things here. Oil prices are interesting, down by just over 2 . Dollar, not all about what is going on the dollar. Inflation trade unwinding. Investors wait, the electorate in the United States waits for the counting to continue. The race for the white house is still too close to call. Counting continues in crucial swing states with joe biden catching up in georgia and pen