Join fizer pfizer you can see were just about 20 points shy of the all time high on the dow a lot of news to unpack. We got the news from moderna showing the vaccine is more than 94 effective in preventing cases of covid19. We saw details in the study showing it prevented severe cases of covid19. So that a very strong result comes, of course, after the pfizer data last week showed that its vaccine was more than 90 effective. The first two out of gate showing incredibly strong efficacy questions do remain including these preventative cases of covid19 but do the vaccines sprent infection with the virus completely we dont yet know that we also dont know because this is a brand new virus and these are brand new vaccines how long this protection will last. So those are things that are going to come and be answered in the future looking at these data so what happens next well, both of the Companies Soon are going to file with the fda for emergency use authorization. The fda will then hold wh
The stoxx 600 up by 0. 7 . It has not given up gains of yesterday. The ibex continues to outperform. It has been one of the most beaten up during the covid crisis. The s p is down by 0. 8 percent. Crude is still up, trading at 42. 82. This demand expectation goes handinhand with the travel story, but crude stocks in europe are some of the best performers. Oil certainly gaining on a number of fronts. We continue to see what is happening in the bond market, and we watch this very carefully. I think the german bond market increasingly, certainly over the last day or so, feeling like it has been driven by what is happening in treasuries. Treasuries moving up to that 1 mark, having an effect on what is happening in germany. Interest overwith the next few days. It is only tuesday. Alix thanks for that. It was an ugly close yesterday for the u. S. As guy was mentioning, eu negotiators reaching a deal on the longterm budget, expected to add about 2 to the eus economic output in the coming year
But you were talking about the dow being in positive territory for the First Time Since september 2nd. Stocks in china reopened after a week long Public Holiday they both jumped by more than 2 the shanghai composite was up by 2. 6 lets take a look at where things stand right now in europe where there is some trading taking place you can see the markets are open there and theres a bit of a mixed picture. Its actually a little bit higher ftse 100 is right around the flat line, andrew. Hey, becky. Weve got so much going on this morning. Weve got this is squawk planner, two major tech events first amazon sales day it begins after it was postponed, if you remember, back in july. Now running two days, starting at midnight tonight eastern time so watch out for that. Ive already scheduled it and then Apple Holding the big event tomorrow the launch event expected to unveil the new iphone. Everybody looking for the new 5g iphone it will include the first major exterior redesign since 2017 and we
Sales and the stock is hitting new highs. And finally teslas tumble, why the street is mixed on what actually came out of the companys battery day event yesterday. J j, though, jim, going to be the lead and you just called it maybe the best company we have in this country. Yeah, look, i think that i like triple a balance sheet, i like a company that continues to make the numbers, i like a company that pays a good dividend, has the best pipeline, most robust pipeline in pharmaceuticals and i like a company thats not a hype company. The fact that they are ready to do their vaccine now, full disclosure i am attempting to get into the trial, i think its everybodys duty to get into the trial they are the only one emphasizing the atrisk people they want people who we view as people who we need to protect. I dont hear that from any of the other companies. I like the fact they are willing to give it to their whole employee base. This is the way i think it should be done and i know people are c
Necessary we need to scrub the government plan as lamentable and said they would only embolden autocratic regimes around the world. The u. S. Has announced plans to ban the chinese and mobile apps to talk and we chat citing National Security concerns downloading the apps in the u. S. Will be blocked from sunday a full ban on the use of tick tock could come into effect by mid november experts worry to talks oana could pass on information about the apps u. S. Uses to the Chinese Government. This is data news from berlin you can follow us on twitter and instagram at news or visit our website at state dot com. Your kids have probably got it on their phone so youve probably wondered why they find it so endlessly fascinating im talking about tick tock where kids message each other and lip sync to pop songs but President Trump is concerned it has a dark side he says its a National Security threat and from sunday youll be banned from downloading it in the u. S. Really yes really im still getti