Results. We will get congressional insight all morning long. We will hear from georgia congressman earl buddy and connecticut senator rand paul. Loss of 100 points on dow futures. Markets extending slump from yesterday as more lockdowns and the threat of them offset positive news on vaccines. Its also been a big week for retails, bjs and macys reporting this morning all the numbers as soon as they hit the tape. Working from home may not save you money. Why paying a new tax while working remotely. A little holiday decorating can carry you through some tough times making a buzz this morning. Mornings with maria is live right now. Dagen european markets feeling the sting of more lockdowns, red across the board in france, england and germany, all down about 1 . Mixed story in asia overnight with fractional moves there. Kospi and south korea shanghai to the plus side. Cheryl casone has all the news that you need right now, good morning, cheryl. Cheryl good morning to you, dagen. United stat
Down days for the markets. Right now s p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterdays declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and well talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. If you are looking at the treasury market, the yield on the ten year right now is sitting just at about 0. 852 and the vix also spiking yesterday, probably a little bit on concerns about what happens as we go back into some of the lockdowns. The seesaw of good and bad news on covid. And well give you a bit of good news that happened overnight in the vaccine wars developed by the university of oxford and astrazeneca found to be safe. An
Cheaper auction it could be a cheaper option. Tom we will talk about that with sam fazeli. Over here it is about the hospitalization. It has been an extraordinarily difficult pandemic weekend fulltime america tries to move on, and someone moving on is the president elect with news from bloomberg overnight on appointments to be had, i believe, tuesday. Even while the president contests in wisconsin. Francine we will have a full round up of u. S. Elections as well. Lets get to bloomberg first word news with ritika gupta. Ritika another Promising Development in the fight to end the coronavirus pandemic. The vaccine developed by the university of oxford as astrazeneca prevented a majority of people in a large trial from getting the disease. It stop and average from 70 from falling ill, below the high bar set by pfizer and moderna, but effectiveness did rise to 90 for one of two dosing regimes. Joe biden plans to name anthony en as secretary of state. When he was when biden was Vice Preside
Commodities having a positive session the far. Astrazeneca stock is actually down today. The s p is up i 014 . It is a monday. We get vaccine news. Generally it is taken quite well. Cyclicals have a bigger day. That seems to be the narrative that is establishing itself. We do have a euro that has weakened. The manufacturing pmi data out of the united states, and i know the ism is more important in terms of what people look at, but nevertheless, the manufacturing data was strong, and as a result, the dollar went up. It does seem to be something of a consensus now that the u. S. Is simply a few weeks behind europe. You only have to look at what is happening with the eurozone data today to get a sense of how far pmis can fall. Highs,off our earlier off by 0. 2 percent. Boris johnson is currently talking about covid. We are also possibly making some progress when it comes to the brexit story. Certainly today, the big driver is definitely that news on astrazeneca. Alix Boris Johnson saying
In the states most restrictive tear, the bay area counties are shown in light green and include every county except marin, San Francisco and san mateo which are still in the red tier. We have Live Team Coverage tonight. Debora villalon has been settling reaction, first Jana Katsuyama with more on the order itself. Reporter as you mentioned, this extends to most of the state. We are talking 94 of californias population that could be impacted by this curfew. And they stay extended through december 21. California Officials Say they are sounding the alarm with new nighttime curfews after the states Covid Infection rate rose about 50 in the first week of november. Todays actions will help us bring down transmission glenda curve. Californias health and Human Services secretary says instead of the statewide stay athome order like last march the curfew targets 10 pm to 5 am time frame when people tend to socialize, especially leading into the season of holiday parties and gatherings. People mi