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
Always happy to have you with us. While lots to talk about lets start off with how apparently its less than 10. 00 and you have be covert immune and thats the price for russias sputnik vivax in internationally as it was presented to the Un General Assembly on wednesday moscow wants the job to be available to the whole world and has already agreed on deliveries to Foreign Countries we will be producing millions of dollars this was a week seeing already starting from february in for key jobs in brazil. And argentina will read the supply agreement on production agreements with those countries more than 40 countries have expressed an interest in buying c nevertheless many western critics have already written off this russian vaccine daniel who can now look so why that is. The media today is full of big headlines pfizers covert montini vaccine is officially the 1st to be approved in a western country with the United Kingdom leading the way theres a sense of excitement that lawyers can be sa
Well be on and bridge you all of the bring you all of the big headlines. First the november to remember dow surging towards best month since january 1987 s p and nasdaq handing in best work since april energy up more than 25 percent financials up more than 17 percent. Small caps, best month ever. Bulls werent hiding, check this out, each of the past four monday he got big vaccine news before the market open and look at diminishing returns, the market fell despite moderna requesting emergency use of its vaccine. So weve been talking talking black or white or red and green in terms of diminishing returns. I took that economic class my freshman year and learned all about diminishing returns which is why i often invoke it here, i think so, absolutely tell you something, the vix is telling another story. I thought a day like today, monthend i thought the vix would close closer to 25 but here it is closing lower on the day, maybe its a function of that specific security, but ill tell you giv
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Its a mixed fwoog day retail earnings, amazon pharmacy, covid19 restrictions, fed speak. Were going to begin this morning on capitol hill as both Mark Zuckerberg and jack dorsey testify before Senate Judiciary on censorship, suppression, and, of course, the 2020 election our Julia Boorstin is monitoring this and can tell us what happened so far. Julia . Well, carl, senator Lindsey Graham focusing on what he sees as a need to revise section 230, thats the rule that protects social media platforms for legal liability for content. He says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. He called out the Mental Health risks associated with social media use. On the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. Mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a f