France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Happening here. We continue with this outperformance from the small caps. We continue with this rotation. Abigail we do, and today is relatively subtle. The outperformance came from energy and financials, which at the end of the day finished higher. Today we are once again seeing movement into the cyclical sectors even though the s p 500 on the surface is basically flat. The nasdaq 100 is lower. You were mentioning the small caps. The russell out another alltime high on the day. You again have investors moving to small caps, value, the cyclical sectors. Theres the financials. Industrials, energy, real estate can materials, all of the sectors in green are the growth and cyclical sectors. On bottom, you have tech and communication services. It is pretty interesting because tech is really being weighed on by apple right now, and they have cut their developer fees by to 15 from 30 . That is a pretty decent chunk of revenue in the past fiscal year, 1 3 of it to those apt of elements. That i
Good bye sean. This week in a screeching u. Turn and in an apparently chaotic manner the johnson government announced a new month Long National lockdown in england starting today but this is a lockdown with a difference schools universities and key workplaces remain open hospitality house parties and holidays are forbidden elsewhere across these islands things are different wills is already a week into a much stricter to be close time while Northern Ireland is half way through month long restrictionists scotland this week saw the introduction of a 5 regionally based system today we asked to Public Health experts whether these measures contain the virus across the u. K. While the world awaits a vaccine professor harvey burns a former chief medical officer of scotland is a new president of the British Medical Association he is in a unique position to assess and assesses whether the virus can be brought back under control through these tight or Public Health restrictions dr coming out of
I want to start today sure for the flexion on the passing of so Sean Connelly screen legend the worlds most famous scot the definitive bond demon golfer sean connery was all of these things and much much more to me he was a loyal steadfast friend over more than 30 years but i took this show on some 23 years ago the pun passed in a really wanted to interview with sean connery and he readily agreed but suckin stances in health prevented that happening and the reason was that of all the interviews that shown that over the years all the things that were written about him only read one from the the scottish offer Willie Michael vanny which got cost of capturing the essence of sean connery because this was not just a a great personality a great movie star this was a great human being a deeply deeply humanness funny ironic human being with great views on on life and Everything Else and never frightened to express them. In my life ive been privileged to meet a few great people but only a few a
Lisa is off today. Jonathan look at the goldman note, tom. Go over that. Tom roaring 20s from goldmansachs. J. P. Morgan talking about market nirvana. Lets look at where future are right now. S p 500 futures this morning, kind of chopping around. Positive. 7 of 1 . But here we are at 3567 and ldman coming out, tom, for 2020. Lut lets go with the year end 2021. 4300. 16 upside through 21. In addition to the upside in the year end. Jonathan again, its everybody readjusting hearing, yeah, its a vaccine and i know he likes the value and e. S. G. Its got to be more than the edical news. Jonathan a vaccine is a more Important Development for the economy and markets from the perspective policy of a biden presidency. This is historic for the market right now. We talked about it reapedly, this market is living in the ackhand of the 2021. The deterioration of the covid cases and a contested election down in washington, d. C. That has not been resolved yet and a senate race that has not been reso