Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
The s p 500 really getting back to the record highs. What i really want to focus on nowne day, two days, and wednesday, we are giving up the yield surge of the past week, a profoundly for global wall street it profound week for global wall street. Francine i will never forget valentines day of 2020, i think it is the last time i traveled. [laughter] kind of like a milestone i remember. It feels it yields away. Lets get straight to the bloomberg first word news in new york city with karina mitchell. Corrina m a cuts have made it official and nominated joe biden covering up karina democrats have made it official and nominated joe biden for president. Meanwhile, the Trump Administration sees a path to a pared down 500 billion stimulus deal. Bloomberg learned the package will eliminate the biggest area of disagreement between democrats and republicans, would include money for the postal service, and money for businesses to keep workers employed. Pelosi suggested democrats might agree to a
There is no return to lockdown here. Europe shouldsays not return to full scale shutdown to avoid another hit to the economy as french daily cases hit levels not seen since april. Tech continues to drive gains. The nasdaq hits a new record, propelling stocks and futures even higher. Pfizere news on a vaccine serves as a tailwind. Plus, biden vows to end the darkness. Calling his opponent a National Embarrassment. He promises to support the working class and reform taxation. Look at the futures right now. In terms ofains tech stocks in the u. S. A new high. Now we see a little bit of a mixed picture with ftse futures pointing down, but continental futures are on the rise. Back all gaining. Lets take a look at what u. S. Futures are showing us. More green arrows. Almost 0. 2 percent on nasdaq futures right now. Alsond dow futures are gaining. What are you seeing on the gmm . Anna it seems that markets, investors taking a glass halffull approach. You can see some of those markets doing we
We are looking ahead to the fed minutes out on wednesday. Lets change the board and look at the currencies and we will check in on some of the commodities. The u. S. Dollar index currently flat. You have the euro gaining just four basis points. A stronger euro over eight straight weeks. That is beneficial for emergingmarket currencies. The yen, 76. Rsus some gains for the aussie versus the safe haven yen. Gold had its first weekly drop since early june. Gold firmly in focus. Down 3 10 of 1 . 42 for wti. Over in the u. S. , 17 basis points on the 10 year. Lets get to the first word news. Good morning south korea is warning of a new mass Coronavirus Infection after reporting its highest number of cases since early march. The latest infections are being linked to a church in seoul. Tokyo confirmed new cases. Young adults in their 20s the largest group, almost 18,000 people are infected in the capital. New data show the japanese economy continuing to stumble amid falling Global Demand and
Hathaway and mcdonalds is the biggest drag on the dow. Coming up on the closing bell, uber results are after the bell. And we will have a live and exclusive interview with the ceo of the company dara cache sha hee you dont want to miss that in one hour keith, great to have you here. Great to be back with you another record day of highs for the s p and nasdaq and now the dow which we havent seen a new record for the dow since midjuly i think we trade higher into the end of the year for lots of things going on. If we start getting capex where things are going with trade talks, then youll see this rally not only continue through the rest of the year but into 2020. All right all right so it is an incredibly busy monday for the markets and your money. Weve got the record highs that morgan just talked about bob is all over that youve got michael santelli. Kate rogers all over the mcdonalds ceo firing. Courtney reagan on the under armour story, and were joined with a new look at what Td Ameri