Now id like to bring you a different kind of story in its own way. Its just that dramatic as anything a writer could dream up that has to do with a new power source. Its power source will be out of more than 70 years ago. The deadly power of the atomic bomb was reprinted as the peaceful atom Nuclear Energy was modern. We were at the forefront of technology, glamorous. They were like inside a secret inside this magical world and irresistible to governments to think it was clear to france that it salvation was nuclear, nuclear and business. Everybody in the electric utility business is suddenly decided, wow, we need Nuclear Power too. But from the beginning, the peaceful atom was dont bust, safety concerns to the moon. Basically, they have clear that accidents could have their very serious attention by rising costs. Its economically so complex, so difficult, so tricky. Its kind of pulled under by its own dead weight. And i protests that through time leftists with a school of about 4 new
It is 1 00 p. M. In new york, 6 00 p. M. In london. Im kailey leinz. Welcome to Bloomberg Markets. Here are the top stories we are following. Progress for a vaccine. Clearance requesting for its vaccine in the u. S. And europe today after a new analysis showed it to be highly effective in preventing covid19. We will have the latest. Talksk mentioned, opec have ended today without a deal. The conversation will be picked up tomorrow, but we will explore what it means for the cartel. General motors will not take an initial stake in the electric Vehicle Company nicola, which announced today it will go to one of its electric vehicles, a pickup to be called the badger. Lets get a quick check on the markets. We are on the last trading day of the best month for Global Equities since november, but we look set to end the month of november on a softer note. The s p 500 right now down 0. 6 . It was the fourth consecutive monday of positive vaccine data, but the good news not having the effect it d
Good monday morning. Im Carl Quintanilla with jon fortt. The dow puts together the first intraday high in nine months, processing the election, putting closure, perhaps, to that but obviously the big news of the day is out of pfizer and this potential covid19 vaccine once again, well start the hour with meg hey, carl this news that pfizer and german partner biontech provided 90 efficacy in the phase three trial providing hope this is the first vaccine we have seen results from the results are limited. They just the independent committee took a look at the trial. They found 94 confirmed cases of the covid19 in the trial and they found a difference in the Placebo Group and the vaccine group. They also said they saw no serious safety concerns in the trial. Theyre going to he mass two months of safety followup which for half the people in the trial getting their second shot which will take them into the third week of november that is next week after which time they will file with the fachl
Lower. Plus, scp is on track for its worst trading day in 12 years. The german Enterprise Software giant slashing revenue forecast of ongoing covid lock down for its business of course, the race for a cure Drugmaker Astrazeneca says its Coronavirus Vaccine triggers an immune response amongst older and younger adults carl david, well begin with that sap story, and asking if that is something european or something bigger especially for mega cap tech im struggling with the reasons for it very dismal outlook. Frankly, you could argue this stock is still too high at these prices which is substantially down 20 theyre talking about a cloud slow down. Can we understand that cloud has acsce accelerated every business when you upload an sap program in the cloud it does far less for you. There is someone who facilitates going from the private to the public you know something, i got to tell you, carl, this point stinks it does. I had the previous ceo on a coceo ms. Morgan and do you know three wee
Thank you. Wall street is waiting on the deal on more stimulus from Washington Well have more on that in a second first as we head into the last month of trading before the election, october bring a number of hurdles could there be an october surprise for the markets bob has more on what to expect bob. There usually is. The good news is we have a positive start for the quarter the big story remains stimulus and the chances for getting the stimulus through the other story well hear a lot is earnings. They are better than expected. The early quarter is much better than expected. We had one of the Big Semiconductor companies came out with positive guidance thats moving all of the Semiconductor Stocks thats a big important sector. Elsewhere Different Companies out there but they have beaten the earnings constellation pepsi reinstated their guidance. That stock has been moving bed, bath and beyond they had 50 cent na they are expecting a loss. The positive trends continue into september tha