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Wednesday. Feels like a friday on after the bell. Lets look at the news thats happening at this hour. Team coverage with more on the markets. Hillary vaughn, covering the president elect. Lets start with you, the day before thanksgiving. What are we seeing . We are seeing a retreat partially for the s p. The dow transports, all retreating from record highs but the dow closing at 29872 on track for november since 1928. Youve got to go back really far. The nasdaq, first, record close september. 12,000 94. The first force was this rotation weve seen for the week out of tech to cyclicals that reversed today. Energy was your worst performer and tech was your second best performer. The second we noticed is the Economic Data that poured in this morning. That was a reality for many investors. Jobless claims rose for two weeks in a row. The First Time Since july, 778,000 americans fi ....
Worse preventative measures. Has been the hardest hit of the region iran has been the hardest hit in the region. A postbrexit trade agreement were abruptly disrupted today when one European Union official involved in the talks tested positive for the coronavirus. Michelleief negotiator barnier said he would suspend talks with u. K. For a short period. The two sides are trying to reach an agreement by next week to allow time for a deal to be ratified before the end of the year. Global news 24 hours a day, onair, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. Transition t ....
Reporter neil, good afternoon to you. Start with astrazeneca. That is the top headline. It is covid19 vaccine as you mentioned having a good immune response in older results this is a phase two trial. Heefficacy will not be done untl they resume phase three trials you mentioned pfizer around biontech, they will file for their emergency approval with the fda form for the covid19 that tells us they are on track for the timeline they promised. Johnson johnson ready to have its vaccine ready for approval by february of 2021. Like i said, a bunch of different choices here. New york city in a little worse shape. Public School System is shutting down as of today. The stiffs Public Schools are taking a break, excuse me, because the coronavirus test Positivity Rate of 3 has been at that level for a seven day rolling average. It w ....
Theres the tend to look at data that have provided by the manufacturers and analyze principally by the manufacturers and dont do a lot of reanalysis of data so its culturally a little different than the way our fda doesnt. Britain as part of the eu has as part of year to the end of the month. Has the ability to pull away from the eus regulatory. Agency and authorize things on its own. For Emergency Public Health reasons so vast that lawn under which this. This falls. So they were able to authorize review unauthorized quickly, the european unions. A European Agency has been or review it next. Tuesday and were going to review it next thursday. So in the grand scheme of things were talking ever difference of about 8 or 9 days. Doctor weatherford as you know a lot of people here say all i want to be first to take the vaccine. So now weve got the people in the uk taking. ....
Asking why is a president ial or successful president ial transition so important . Guest its about our safety is the ultimate answer here. When you think about it our democratic system envisions transfers of power when you have elections so you have accountable government. That means and you can ask to figure out how to take charge immediately on january 20 in an effective way. Its a big task. Think about our government come youre looking at 5 trillion and come 4 Million People come to me for those think uniform and reservists. Youve hundreds of operating units and historically president s have pointed about 4000 political appointees. Its a massive undertaking and nothing else quite like it. The transition is all about getting ready to do that successfully. The issue is really the world is such a dangerous place that theres not a lot of time on the other end posted january 20 to do your learning curve. You have to be at the top o ....