Phone lines split up as usual this morning. Democrats, 202 7488000 is the number to call in. Republicans, 202 7488001. Independents, 202 7488002. You can also send us a text. That number, 202 7488003. If you do, please include your name and where you are from. You can catch up with us on social media, twitter and facebook. A very good monday morning to you. You can start calling in now. Theheadlines on this topic, first use of the vaccine maybe december 13. 40 million doses said to be available by the end of the month. That from the front page of usa today. Frontline gets the first vaccine doses, but then who . Thats the question we are asking this morning, asking you to be in the position of setting the priority, how would you do it . Turning to the cdc webpage there, i q a on how the cdc is making its covid19 vaccine recommendations. Making those disease vaccine recommendations based on the input from the Advisory Committee on immunization practices. Its a federal Advisory Committee
Im Andrew Ross Sorkin with joe kernen and melissa lee becky is off again we are about 111 points up now s p 500 looking to open about 11 points higher. Flip is around and show you we are at. 952. Still under the six handle i always wonder what the bond vigilantes are thinking now relative to our little equity world. Worth noting we are still 3 well away from the february record highs some highlights. The ceo of Tractor Supply, auto nation venture capitalist, treasury secretary mnuchin, house leader and twitter ceo. A huge lineup straight ahead thats a big show yeah. You guys always have a big show but this is particularly large. For you because you are here people said, melissa will be on book her i think they wanted to do it for you but i think they were scared if they didnt do it of me thats the feeling they got they didnt want to disappoint you. I doubt it thats nice to say but i doubt it im not a scarey person. Im not. Maybe to you nows this morning out of washington. Reaching Comm
He is telling the truth in terms of this is a very difficult situation at best. It will take a long time for the economy to recover and it is tragic for many. He keyed out the 40 of people making less than 40,000 per year losing their jobs in march. A difficult message but a truthful message. Right now the markets appear to be coming to terms with it. In the near term, support is holding. We are still stuck in a range even though it does feel risk off. It is risk off. David tech has given us a break thus far. His tech holding up again . Abigail tech was holding up, you had the faang Index Holding up. Do your point, out of the march lows, tech is up in a big way. The faang index up 20 . To the downside, the financials continue to lag. This year there down 30 . That is 10 of the market. The s p 500, to continue the rally out of the march lows, you will need to see all the sectors get on board, the banks, the industrials, and some of the cyclical sectors are lagging. One reason the banks
The big boet on bitcoin thats got everyone talking. But first, we begin with a trip back to the future for the markets and this was flagged by our own dan nathan a year ago today it was trading at 2900 and basically back to that exact level and lets fire up the flex capacitor to see what life looked like and wow, the world would change this time last year the s p 500 would trade 17 times pe and the tenyear note, and unemployment j was just over 3. 5 and Flash Forward to today, it is trading 20 times, and the yield. 6 and unemployment is projected to hit 16 and gdp is negative for the first time in over a decade. The world has been turned upside down and the market doesnt steam to care. So if youre an investor, should you make like a tree and get out of there i am told thats a funny line from the movie youve never seen the movie i saw it. The movie was released in the summer of 85. I think i turned 50 that year. It dawned on me as i listened to your intro the economy is george mcfly. Th
New York Governor Andrew Cuomo held his daily Coronavirus Briefing from albany tuesday. He updated the total number of cases and tests performed, and the coordination of resources. He also talked about his brother, cnn anchor, chris cuomo, testing positive for the virus. This is just over an hour. Of people tested overnight, 18,000 people, more than any state in the country, and we are proud of that. The total number of people population of0, 19 million will not give you a random sample. It has been helping us track down positive cases. Cases,ber of positive 9208. Total cases, 75,000. You see the predominance in new york city and westchester, then thenu, then suffered suffolk. It spreads out from density. The march of coronavirus across the state continues. Numbers, 75,000 tested positive, 10,000 in our patients. 2700 icu the good news, 4900, almost 5000 people discharged is up 771. People come in, get treated and go home. New york is at 75,000 cases. Is 16,000. Te california is at 700