Work. We are finalizing the , whichl of a phase three we are hoping to start in july of this year. Severaly will be thousand subjects across many countries. That it will happen in july as planned. Talking about how it is accelerating its testing. I want to bring in taylor riggs. A lot more work needs to be done here to prove that the vaccine works. This would have to be going on for much longer and more sustained trials. How much of this rally is due to here . Pe of a vaccine taylor i would say that there are three things to be happy about this. Updating the stock to 105 a share with the buy rating. Saying that this vaccine hits the mark. Paper sandler saying this could have potential blockbuster sales next year. Essentially, you had analysts on the street doubling their price target today. You did hint a little bit about a note of caution. I will reiterate that as well. Was ats said the result sample from a small, first study looked to see how safe it can be in human volunteers and it
Post nine of the New York Stock Exchange Morgan Brennan has the morning off. Dow session low was about 150. Well start with this rally in tech leading the s p to record closes yesterday these regulatory headlines out of d. C. Not slowing down the momentum out of the valley evaluation partners, early facebook investor, Roger Mcnamee is with us to talk about facebooks print they cant lose. No. What would it take to slow these guys down . To be clear, i think from an investor point of view, theyre delivering exactly what investors want and as long as that goes on, the stock is going to be fine to me, the question is the policy one that all of us as citizens that our government has to ask, which is, should there be some limit on what businesses can do when the actions of that business affect public health, democracy, privacy, and competition. And, you know, were wrestling with that right now and the governments getting its gears moving, but it goes slowly and until i guess its going to nee
They remain optimistic about the underpinnings of u. S. Growth. Less worried about risks posed by the global economy. Emily facebook hitting investors sweet spot with another glowing earnings report. Surging revenue and steady user growth. Mark zuckerberg has more to come. Paypal giving the markets a strong showing. Leading revenue and profits. How long can the company fend off the competition. Yahoo scores and narrow victory against activist investors. The company may have averted a boardroom showdown but is it speeding down the fast lane to a sale. Facebook shares surging after hours, the stock jumping as much as 9 off betterthanexpected revenue. The social network reporting quarterly revenue of 5. 4 billion, up 52 over the same order last year. A profit of 1. 5 billion. Positive engagement messaging. Steady growth in daily active users. The Biggest Surprise was a proposal for a new class of stock. Mark zuckerberg wants to issue a new class of nonvoting shares so he can continue to m
Decision, and a massive selloff for apple. And still, pretty quiet. We are still waiting for market action. Scarlet lets see the full point share on what the fed actually did. They played down the First Quarter weakness during they dropped the reference to risks from financial conditions, and officials expect the labor market to continue strengthening. They see inflation rising to the 2 target in the mediumterm. Lets see how the fixed income markets reacted today. Selloffve been on a big for the race to the tenure going to 1. 93 . We saw a significant drop their in yields. Scarlet and in stocks, we mentioned the s p. The big move today was over in europe very at the athens stock exchange, it dropped as much as 4. 9 . Greek stocks, among bailout talks, startling. They hammer out the details at the emergency summit, the credit rates that they rejected. We wonder if they will enter a crash market. Joe another greek drama, the after theove, inflation data out of australia came in much weak
Republican president ial candidate, ted cruz has named Carly Fiorini as his running mate. She dropped out of the race earlier this year. She told a rally in indianapolis that cruises president ial bid is not over. For the third meeting in a row, the Federal Reserve has opted not to raise Interest Rates of they remain positive about the under fittings of u. S. Growth and our last worried about risk. Global news, 24 hours a date powered by our 24 hour generalist in more than 150 news bureaus around the world. Bloomberg west is next. Emily facebook hitting investors sweet spot with another glowing earnings report. Surging revenue and steady user growth. Mark zuckerberg has more to come. Paypal giving the markets a strong showing. Leading revenue and profits. How long can the company fend off the competition. Yahoo scores a narrow victory against activist investors. The company may have averted a boardroom showdown but is it speeding down the fast lane to a sale . Facebook shares surging a