Whether or not at this point in the economic pandemic cycle they need to spend that bullet. They will be doing some things that are more accommodative. It will be difficult for them to reverse that policy somewhere down the road. Jonathan mike swell of Goldman Sachs is with us. On treasuries, on bad news being bad news, is that your view of things, how high can we take 10year yield . Mike great to be with you, jonathan. On the there is a cap treasury market, and its really the result of looking away from the slow term where there are certain instances where people think about growth postcovid. We see significant vaccine implementation. The jobs report, it will take a long time to get back to normal. The fed will be on hold for the foreseeable future. As a result, you will not see a 50 basis point increase in the 10year. People should sit tight and recognize that rates will stay low for the foreseeable future. Today proves that we will be in this odd situation where markets will look fo
The gloom crew. They have been wrong, wrong, wrong. We will reassess. We start strong with james bevan in a moment. Francine we have a lot of Economic Data that could support the rally or not a little bit later. Consumptionat price and other things we need to watch out for. Lets get to first word news in new york city with ritika gupta. Joe biden ritika joe biden wants to change the slogan from America First to americas back. Restore u. S. Ties with International Organizations that President Trump spurned over the last four years. President trump heads to pennsylvania in his campaign to overturn Election Results there. He will meet with state republican lawmakers examining accusations of voting impropriety. Pennsylvania has already certified that joe biden won the election. Trump supporters complained that observers were not allowed to be close to virga two workers counting votes. U. S. Health officials are working on guidance to shorten the 14 day quarantine period if they are exposed
Of optimism into the market. Thats sending a huge swath of the markets to record highs, as president elect joe biden gets clearance from the Trump Administration to begin preliminary transition protocols. Yes, it crashed through the 30,000 ceiling but can the dow close there . Heres what you need to watch in the next call it 59 minutes with me. The dow has got to be up 359 points for a brand new record. But were above 30,000 and that means we are up about 437, just 29 points above 30,000. So you get to do the math there. The s p has got to be up 49 points. We are at the moment up 55. No record for the nasdaq, but it did pop above 12,000 for the very first time and we are still there, 12,026. The russell, im not going to ignore it. I know you russell fans. These are the small and midcaps. Any gain is a record. The dow transports also about to close at new alltime highs. We are watching it all so closely. But as the markets say let the good times roll, there is a darker backdrop at this
As timing who gets it and when, that is all still to be decided. There is a bit of a protocal for this. Well get into that with a prominent doctor as well. The left and right view on this battle, but first to blake burman on this latest news and this efficacy rate which was higher than both companies originally said, right . Reporter exactly, neil. We knew this Pfizer Vaccine candidate was effective. Pfizer though reiterating that today, in fact raising the effective rate on their covid19 vaccine candidate but just as important pfizer today also reported that they believe their vaccine candidate is safe which is why they say they are going to be applying for the eua. That is the emergency use authorization that the fda gives out. They will apply for that in the coming days. Here is what pfizer said earlier today as part of their news release they put out this morning. To date the Data Monitoring Committee for the study has not reported any serious safety concerns related to the vaccine
The first president ial campaign as a during the 1952 contests to between 20 eisenhower and adelaide season. President campaigned has been important ever since. Heres a look. You like now is the time for all good americans like bob. Like, bob. Im so glad were friends again bob. Yes ike, we agree on everything. Lets never separate gate separate gate again bob. Never again ike. Ike, bob. Like, bob. Well i can bob really live happily ever after . Is the white house making up for both of them . Stay tuned for a musical interlude. So joint production of American History on cspan 3 and cspans washington journal. Will be joined by Professor Robert mcmahon, and louis is in a State University daisy petals and mushroom clouds. Take a look these 90 minutes at the history of tv political advertising. Professor mitt thanks for joining us here. Thank you good for being with. You weaves start with 1950. Too so that was the first year that tv was used it is a medium for television ads. Television had