This is widely expected. This is the vaccine that was found to be 94. 5 effective in the primary analysis. There is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. We heard from officials over the weekend that they are going to try to approve it in fast order. If you take a look at markets, not the response you would think, at least not much. Jonathan it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. Equity futures down 0. 4 percent. Expectations are already so well anchored by the vaccine news weve had over the last several weeks. We are down 0. 4 on the s p 500. In the bond market, yields up by a basis point or two to 0. 85 on the 10 year. The news isnt this morning. It is the cumulative impact of the last several weeks and now it is shaped the forward outlook under a much better way compared to what we face right now in the here and now i
That jobs news to end this holidayshortened week. Check the futures. The dow pointing to a jump of 459 points. Good for a 1. 75 gain. Strong gains on the s p and nasdaq. By the way, the nasdaq in record territory once again, led, guess what, by the big tech names that we follow so closely. All of these names right here are in record territory this morning. Lets begin with tesla, up another 9 this morning after reporting more than 90,000 sales last quarter. That absolutely blew away that word we dont like to say, expectations, and up the stock goes. 102. What a ride for tesla. Amazon, that stock closing in on 3,000 a share. Certainly amazon has been the winner during the lockdown. Microsoft, solidly above 200 a share. Microsoft also doing very well, thank you very much. Everybodys watching netflix these days. Huge winner during the pandemic. That stock coming close to 500 a share. Well, President Trump is well aware of this rally. He tells fox business that the market, though, will cras
October Current Conditions comes in at 112. 6. That is down from 114 last month. The expectations 103. 8. Thats fractionally above last month which was 103. 3. Lets have a look also for the other line of the data. 112. 6. Weve had that one. 103. 8. So one of them fractionally better than expected. The other quite significantly lower than expected. Euro dollar, 110. 42. Up 1 4 today. The main reason weve seen the euro soften over the last few trading sessions is because of the ecb rhetoric last week as opposed to this date this morning. 110. 44 on the dollar. Susan. Good monday morning. Kicking off a new trading week in the u. S. Lets look ahead to u. S. Futures and what theyre implying for the open as we kick off the new week. Coming off four street weeks of gains for u. S. Markets. Right now the implied open is telling us well be a little bit lower, down below fair value. The implied value for s p 500 is down 7 points and dow jones down 18 points and the tech heavy nasdaq crossed 5,00
So i try to incorporate all holidays. In the meantime, we have a developing story about deadly weather across central u. S. Tornadoes, blizzards, heavy rain killing more than 20 people in three states. More bad weather coming. Western oklahoma bracing for a foot of snow. Blizzard warnings remain in texas and missouri. A little bit of travel trouble across the country. About 1500 Flights Canceled nationwide yesterday. Another 6,000 planes are delayed. Youre going to be getting a live report from the Weather Channel in just a bit. Meantime, the Global Markets are open today. We are seeing some negative activity in the futures market because of some of the activity that we have seen in asia and in europe. In europe the u. K. And irish markets are closed for bank holiday observing boxing day. Australia and new zealand closed for the same reason. In germany we are down fractionally. Down 1 4 of 1 . Same for spain and groogs which we are still throwing in there for good measure down by 3 4 o
Im sarah ivan. And im wilfred frost, business looks to return after an historic winter storm. U. S. Futures pointing lower down about 65 points on the dow. Hanging ton that friday ral list, heres some big stories were watching at this hour, Johnson Controls reportedly in advanced talks to buy Fire Protection and Security Company tykeco international. Johnson controls manufactures car batteries and heating equipment. But the goal is focusing on unbilleding its efficiency and Automotive Battery operations. Importantly, this could be an inversion deal, as tyco is headquartered in ireland. So purchase could cut its taxes by moving its domicile from the u. S. To ireland. No word if Johnson Controls does plan to pursue that inversion action. What we think is more notable we could see potentially multibillion dollar deals for what has been a tumultuous start in january. Right. Lets focus on twitter. Shaking out the management ranks, the biggest upheaval since jack dorsey returned as ceo last