Biontech, seeing a bounce. We know that pfizer is not a hype company its a big conservative company. When it sees things that are not working it is quick to say it. When it sees things that are working it is long to say it in other words, this is not a company that is a brag Guard Company so i am very surprised to see them come out this early. They must feel a level of confidence that is extraordinary versus what they typically do. David, youve known pfizer for very long, you know that pfizer is one of those companies that i guess you would regard as stodgy and certainly not a company that likes to get ahead of itself no. You would have to put it in that category, i think, so it is interesting that this has been shared as meg said and as we know 24 patients, jim, is not a lot. Very positive it would appear at this point i think always important to mention, though, that when we talk about a vaccine we are talking about the need for largescale trials as soon as possible because, of cours
Fast jobs will return to sustain that and to turn that into real consumpti consumption. Ron, were seeing spices in coronavirus infection. Were seeing spikes in hospitalizations as well if you looked at trends in other parts of the world, you know, sometimes those do tend to follow the infection rates is it based on an expectation that may not play out. Maybe we were through the worst of this when in fact there is still quite a bit of Health Mandates just assuming we have a Straight Line up into the future i think there is room for disappointment we have higher infection and hospitalization rates. Sadly i think the death rate is followed up by lag im particularly worried about how many states and local governments will have to push the pause button or reverse on reopening efforts. I think there is choppiness ahead. I think it will be until we get here it can be rolled out basically globally tobias, i know you just had a institutional client poll. As we wrap up this Second Quarter, what
Rally about to hit a wall in 2020 joining us, jeff richards, and paul meeks good morning, guys good to see you. Paul, let me begin with you, ask you why . Is it because things are expensive on a relative basis . Thats right. I have been around a long time i remember with lashes on my back what happened when the internet bubble popped not falling for that scenario. I expect the u. S. To grow at a decent rate, fundamentals of most Tech Companies, not all, to be reasonably good, but the bulk, particularly of marquise tech names are trading at valuations getting me a little scared because i think much too much is priced into some of these names as we roll out of 19 into 20. Jeff, we hear that. On the other hand, you might counter with the fact some of the names got a haircut second half of the year episodes like wework, some argue, are healthy in the long run for staestablishing discipl. What do you think . I remember folks being concerned about tech stocks end of last year, had quite a ru
Lately. Well, we have. But now you may soon be wearing them. Yeah. It is friday, it is september 20th. Fbn a. M. Starts right now. Rise up this morning. With the rising sun. Three little birds. Are by my doorstep. Singing sweet songs. Of melodies pure and true. Saying this is my message to you. Cheryl welcome to fbn a. M. Good morning. Im cheryl casone. Lauren one of my favorite songs. Good morning. Im lauren simonetti. Cheryl lets take a look at how your money is moving. Weve got green a arrows this morning, dow up 33, s p up 3 and a quarter, nasdaq up 15 andahalf. All eyes on lower level chough trade talks in washington. Lauren within striking distance of record highs for the dow and s p 500. Cheryl tensions with iran and catastrophic flooding in Southeast Texas, two things oil traders will be watching today. Were higher on the contract. Last read, 58, 50. Lauren in asia, the china trade talks continue. The shanghai composite higher by a quarter of 1 . Thats because the pboc cut borr
Crisis. Mark zuckerberg making rounds today on capitol hill. Meeting there with lawmakers amid growing calls to break up big names in silicon valley. Facebook ceo sitting down with senator tom cotton right now. Well bring you breaking headlines that come this hour. Security concerns at the airport. The new move has some critics sounding the alarm, what it all means for you and your familys safety. Melissa fox Business Team coverage. Edward lawrence at white house. Gerri willis at the new york stock exchange, phil flynn watching action in oil at the cme. Lets start to edward. Reporter melissa, trade optimism is happening here. Junior level talks happening with the chinese. This will set up the main event early in october when the two heads of the trade delegation meet, but this could indicate if there is progress for the talks. Wilbur ross says the chinese must show us something this week. If they arent prepared to give on anything were not going to get anywhere. Right, right. Remember