We have a great lineup for you mike khouw and cody zhang and carter worth lets talk about something that everybody wants to hear about. Some kind of treatment or vaccine for covid19, Biotech Companies scrambling everywhere to come up with something and lets get the var latest on where we stand and for that, who else, but meg tirell hi, brian the number of the Companies Working on this grows by the day. We got an update from modernas chairman yesterday that, of course, is the lead program with the candidate vaccine already in human testing. He told us yesterday if all goes well they could be aiming to start phase two trials by spring or early summer. So were talking may or june there. J j also gave us an update on its Vaccine Program aiming to start phase 1 in september and it could even have something ready potentially for deployment in 2021 and these are record breaking timeliness. Pfizer is working with biointech and sanofi and many others, as well companies are working to repurpose
Different meeting. The first annual meeting since Charlie Mungers death at the end of last year. It raised questions of what Berkshire Hathaway will look like after Warren Buffett. Those are the things that shareholders have been asking about and the types of things we see reflected in the media. Big questions, obviously, thrown to Warren Buffett and greg abel and jane who will be on stage this weekend to answer those questions. Well talk about those over the next few hours. Some of the issues surrounding berkshire. These are issues that Warren Buffett was direct about in his annual letter to shareholders. He laid out the disappointments they have seen. Bnsf was a disappointment on earnings. Earnings dropped significantly from a year ago. Buffett laid out how its railroad has fallen behind the other five major north american railroads in terms of margins. He talked about bhe. Berkshire hathaway energy. The major Utility Company Berkshire Hathaway owns as well. Laid out the issues on th
Nasdaq the dow also closing at a record high it looks like well open sharply lower. The dow losing 124 points right now, the s p down 13 nasdaq down about 44 what was weighing on the markets yesterday and probably today, the yield on the tenyear note 2. 584 right now thats the highest since march 15th a big move in the tenyear treasury yield thats challenging the equity rally today. The yen continuing its strength after the boj said it would continue its bond strengthening services the hang seng up by 0. 20 . Over in europe, right now at hope the dax down by 0. cac down by 0. 6 looking at the price of crude oil, highest level since 2014. Wti, 63. 43 breaking news this morning. Lets get to becky quick live in omaha. Good morning good morning. Theres breaking news from Berkshire Hathaway the company out with a statement saying that its going to be increasing its board of directors by two members to include two key members of its Operations Team who people have been looking at for a while
Those shares have been so volatile in the last several weeks. European equities, meantime, on news of this greek arrangement there, you do have red arrows mostly across the board, and perhaps not surprisingly, greece is the one thats getting the lift by 2. 25 . U. S. Equity futures at this hour . Well, after yesterdays big day breaking that sevenday losing streak, the dow would open lower by nearly 125 points. Here are the big stories were watching today. Greece and its lenders agreeing on bailout terms. A Greek Finance Ministry official tells cnbc there are still some minor details, but they wont affect the completion of the deal. The European Commission expected to comment on the deal at its midday briefing. On todays economic agenda, a few data points of of note for this datadriven fed. At 8 30 eastern, a first read on secondquarter productivity and costs, and then at 10 00, wholesale trade. As for earnings central, the consumer front and center this week. Among the Companies Set to
Good thursday morning. Im Carl Quintanilla with jon fortt, sara eisner and with us is henry blodgett. Amazon officially closing its acquisition of whole foods google and walmart are teaming up on a voice shopping nasdaq slightly up this morning looking to avoid its fifth negative session in six. A retail analyst on yesterday who called the day of that announcement amazon whole foods a day that will live in retail infamy now getting one step closer to theyre going to close this thing in the second half. Yeah, which is great. A lot of us amazon and whole food shoppers are exited another bold step from amazon. Well be excited how they do it. How your characterizing the responses companies have you take your hat off to walmart. Theyre being very aggressive. They made a huge bet acquiring jet. They are being superaggressive its a smart idea with google. Does it immediately counter amazon no but the whole idea of ordering stuff through your home voice device, walmarts are Something Like an a