New details on a possible Coronavirus Vaccine. Edward. Reporter connell that is what is propelling the markets today. We have positive news out of two vaccine makers. The first one pfizer. The ceo of pfizer says they will have enough Critical Data in october to be able to submit for approval should everything go as expected. He has said this before but this is a little different because it comes as astrazeneca saw a minor setback of trials in their vaccine. The pfizer ceo says he sees americans start being vaccinated before the end of 2020. The u. S. Government secured 100 million doses from pfizer this year with an option to get 500 million more next year. As of today, more than 29,000 people are in a phase three trial for pfizer. The fda hopes to have 30,000 volunteers and pfizer says it will be there next week on the way to 44,000 people. Of those, 24 in the study are minorities. That is something that the fda wants to see. They want to make sure this works among a Diverse Group of
The bottom of the hour. He is traveling today in wisconsin, talking about the economy and jobs. For now, the Postal Service in the spotlight as we inch toward an election where voters where a significant number of voters will be mailing in their balance. Joining us, abigail doolittle, who has been watching the backandforth of the day. No records today. But what were the main drivers . Abigail everybody waiting for that potential record for the s p 500. Stocks really climbing this wall of worry. The s p 500 hitting this area of resistance. The polls fallen short of being able to take out those old levels. S p 500 up about euro. 3 . Nasdaq once again closing at a record high, up 1. 1 , really being helped out by some of those mega cap tech stocks. China, so muchs, for investors to worry about. They are going again toward this years defense of technology. The vix down a little bit today but still relatively elevated. Couldxperts say that we see some sort of pullback after this huge rally
This is boom bust the one business show you cant afford to miss friendship or in washington coming up a new chinese restrictions may cause problems with the sale of social media after the Us Operations as reports indicate a deal could happen within days will dig into the details chinas Manufacturing Sector is continuing to grow but what do these numbers mean for a Global Economic recovery will bring in some expert analysis to see what where things are headed and later a host of trade deals in jeopardy as the e. U. And u. K. Are deadlocked over certain provisions will go over what is holding up these talks we have a packed show today so lets dive right in. And we have hit a new and dramatic chapter in the fight over social media tick tock only days ago it looked like tick tock was about to announce its sale of u. S. Operations within a matter of days but now new rules from the Chinese Government may be able to actually block that sale late friday beijing announced new restrictions on th
Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i
Across the atlantic. House Speaker Nancy Pelosi said there would be no chance of a trade agreement with the u. S. If Boris Johnsons action threatens hes in northern ireland. Meanwhile, Boris Johnson is defending his comments in which he intentionally downplays the severity of this coronavirus. President told author and Journalist Bob Woodward he likes playing down concerns to avoid panic. Democratic president ial nominee joe biden said trump failed to do his job and is responsible for tens of thousands of deaths for not getting adequate warning about the dangers of the virus. Now, one in five companies in coveringwith only just debt Interest Payments according to the conservative think tank onward. It is called for the chancellor to relax the rules on virus loans repayments, warning the economic recovery will be hampered by crippling levels of corporate debt. It says borrowing sense lockdown began, threatening to push more than 4 of companies, employing almost only 2 Million People int