Questions were raised over astrazeneca trial results. The ceo telling bloomberg within the last few minutes that it will now likely as a result run a new global trial, saying, now that we have found what looks like a better efficacy, we are going to have to validate this, and we need to do an additional study. It looks like it is going to be half of those full dose that could produce a higher efficacy then maybe a full dose. Europe and the United States continued to struggle with containing the virus resurgence. Germany is seeing a record increase in new cases, while new york cases are approaching 7000, hospitalizations hit their highest since june. Here was more is bloombergs, china here with more is bluebirds emma chandra here with more is bloombergs emma chandra. Emma astrazeneca are going to look to have a no other global trial to test the efficacy of the half dose, which they think will be better, and getting some more troubling figures out of large economies. The likes of new yor
Well in many states. Businesses are holding back from spending amid the pandemic and stimulus talks appear to be at a standstill once again with leaders from both sides accusing one another of moving the goal posts in the negotiations. Unlikely we will get a stimulus before the election. 59 minutes to go, dow down 2. 2 . Lets get to the stories we are watching right now as stocks fall sharply mike santoli is tracking the market selloff for us. Which parts he is watching in particular meg tirrell digging into the latest covid numbers mike, whats the broader take on what is happening today average bit of a rethink on a mull pent fronts the idea that covid might cause more business disruption last week the s p 500 was skirting this boundary between this sort of breakout level we had and around 3,400 we are actually below that right now. Did a little bit of damage s p and the nasdaq fell below the 50day average the s. A. P. Warning probably evented the nasdaq from doing a better job of sup
Program guide. Now we start the weekend with author and for the twomac hello and welcome everyone. I am with the event staff of politics and prose. Before we do begin we do want to go over a couple of quick items. At any point during this event you can go to the chat section which you can find below to access the link to purchase a copy of the new issue great help i would ask if anyone has any questions they would like to direct to the author you would put them into a separate q a box. That aside i would like to welcome daniel yergin. He is a highly respected authority. The bestselling author of the price. The remaking of the modern world and shattered peace. As vice chairman. He has joined tonight by susan glasser. They write the weekly column. They have served as a top editor of several washington public classifications. They went on to have the politico. She served as the editor in chief of foreignpolicy which won three national awards. And also susan will be appearing herself on th
Swan number three, hurricane zeta. We will show you exactly where it is right now and how its crushing oil, natural gas and energy stocks. At its lows the Dow Jones Industrials had fallen 908 points. So when you combine that with the previous two days, thats a drop of more than 1700 points. The s p 500 and the nasdaq are also struggling hard right now. We have the s p down 94, the nasdaq down 332. Look, now we see octobers gains wiped out for those two indices and oil getting crushed in the aftermarket session, down 5. 25 . We are now at 37. 51 a barrel. This is not helping, either. Three tech giants, facebook, twitter, alphabet google, adding to the nasdaqs woes. Their shares hammered as their ceos faced congressional scrutiny from both sides of the aisle during a very contentious hearing on capitol hill. We are about to show you the key moments and then our tech panel, top guys in the industry, will translate what it might mean for the stocks. Will the renewed lockdowns invite a supp
Nightclub in south korea is forced to close its doors. Because of the coronavirus plant. This is deja vu business in berlin welcome to the program the 2 men battling to be the Worlds Largest leader of the Worlds Largest economy had plenty to say about it although at times over the squabbling between President Donald Trump and his rival joe biden it could be a little tricky to hear what they had to say unemployment trade with china and taxation all came under the right. People out there need help but why do you do it over again in the last 25 years i think the economy was supposed to be trumps calling card for this reelection on tuesday it was a liability to be shifted to his opponent limits or the pandemic has taken a toll on the u. S. Economy Business Activity is picking back up but unemployment remains stubbornly high over 8 percent uncertainty is taking a toll Business Planning has been halting as new infections loom. For months trump has wavered between ignoring the virus wishing i