Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
No guarantee there will be a safe environment for america when we reopen this economy. I yield the four. There has been a lot of dialogue in the senate for months now. About what needs to be done to respond toe covid19. We are debating behind the scenes right now a fifth bill dealing with covid19, weirdly past four to the house and senate the president has signed, Many Americans know the effects of thens previous bill with the deposit of treasury with 1200 they received assistance from Paycheck Protection Program and their schools have received their systems of the hospitals have received assistance in their states have received assistance and local jurisdictions have received assistance, there has been wide support for multiple housing and idfor health and testing and for vaccines and even what happened in the previous four bills. We passed the last set of bills, there is a lot of thought about what would happen next, how would the virus spread, how long would this last when americans
America, i find extraordinary. How closed down is london . ,rancine much like new york depends on whether its the metropolis, parts of the city, if you look at the city of london, which bloomberg is located in, its quiet. If you go to the center, its quiet, theres hardly any tourists because of the quarantine into the u. K. But if you look at residential places, thats when people come out. Waitinghen people are for Boris Johnson to announce an opening of pubs. It really depends on the communities and whether they feel comfortable. Many people might be elsewhere. And this harkens to your interview with that officer from ubs, and you wonder what the Service Sector is going to do on working from home or the office, what do you think . Greatne we had the conversation yesterday, she could see up to a third of the workforce never coming back to the office area if you think about it, it has huge and look asians for real estate, certainly commercial real estate for offices it has huge implicat
Jobs falling by almost 3 million but much less than what economists were expecting. Coming up on todays show, as more companies address the rising tensions in america, well seek with ursula burns, the first black ceo of a fortune 500 company, about how Business Leaders can work for real equality and change. Well Talk Solutions with her. Plus the ceo of etsy will join us to talk about what his company is doing to address societal issues and how the coronavirus has changed his business the big stories we are watching in this final hour of trading, as we look at session highs, mike santoli tracking the market rally. Leslie covering boeing and more on the vaccine front. Mike, start us off with another day and another big rally. A big one this was a day it seems you had a lot more people who decided they had to quit fighting the rally. An acceleration to the upside. Take a look at a oneyear chart of the s p 500 weve been talking about this in here, 3,130 the number. Weve been pointing out t
Controversy, but mark said we believe in Free Expression. We believe in political speech, and ads can be an important part of that. Manus the saudi Energy Manager says mohammad bin salman will determine the timing of aramcos ipo, saying it will be soon at the right time. Yousef it is 9 00 a. M. In the emirates. This is bloomberg daybreak asia least. Im yousef gamal eldin. Manus im manus cranny. The bond market, hoping there will be another rate cut in 2020. December might be a debate. Found by seven basis points yesterday, back at 7. 18 . U. S. Treasuries are a must buy. There is risk to the upside. 2 by the end of the year, it is said. Equity futures taking a little higher in the last hour or so on additional traction on the trade front but now the s p 500 is trading 20 times earnings. Some fanfare around Apple Earnings but caution this rally have beenar and they cutting back on their estimates in terms of what to expect in the coming quarters and you could be seen your end around 300