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Reporter neil, good afternoon to you. Start with astrazeneca. That is the top headline. It is covid19 vaccine as you mentioned having a good immune response in older results this is a phase two trial. Heefficacy will not be done untl they resume phase three trials you mentioned pfizer around biontech, they will file for their emergency approval with the fda form for the covid19 that tells us they are on track for the timeline they promised. Johnson johnson ready to have its vaccine ready for approval by february of 2021. Like i said, a bunch of different choices here. New york city in a little worse shape. Public School System is shutting down as of today. The stiffs Public Schools are taking a break, excuse me, because the coronavirus test Positivity Rate of 3 has been at that level for a seven day rolling average. It w ....
Down to 321,000 down from 1 million. 321,000 job losses is still eight times the number we were averaging in the first two months. However it could skyrocket again if washington does not replenish state and local governments to pay public employees. Thats this sector now thats beginning to be hit. Second, temporary layoffs may be back to work sooner. We site the university of chicago jobs study that just came out. Up to 42 . 42 of the job losses are not coming back. Stocks have balance back. Thou up 750 points this week. Anytime you have investor and Consumer Confidence indicators going up, that helps in terms of job reconstruction. Spending is starting to recover. The question is, is a Consumer Spending going to be increasing enough . Versus asia do not see a resurgence of covid cases yet. It suggests that can be control. Merely opening up a few retailers for curbsid ....
A gloomy picture of the growing death toll. That number has written me a noxious truly. Terrifying car. And fears that i sill is making a comeback in iraq as fighters attacked a Police Station. More than 40 people have been killed in a prison riot in venezuela the protests started over a demand for relatives to be allowed to deliver food the riots in latin americas overcrowded prisons have been increasing as coronavirus restrictions and place but we must warn you some of the images and to raise a post report may be disturbing. Prisoners from a gentle penitentiary taken to a local hospital and dozens of them. Hurt after a shootout at the prison located in the city of one addy around 450 kilometers away from us relatives were anxiously waiting outside. It i must say that and we want to know what really happened to our relatives weve been waiting since noon and we still dont know anything human rights representatives have not turned ....
Welcome to the entire committee. Lets check on the markets first this hour. We have run out of steam the dow is marginally to the down side. Down about 31 points in the red. The s p 500 just about even right now. Flat on the day. Level 2798 there the russell 2000 flat as well. As you can see that steam running oult as we rallied so strongly off the lows that we saw just about one month ago lets go to our Investment Committee with the traders here and perhaps well start with you. Youre the one right next to me in this box. What exactly is happening right now. Have we run out of steam for this particular rally . Well, i dont know necessarily running out of steam is a bad condition markets, generally, when they rally significantly need a pause and that pause is generally a consolidation type of pattern in the markets. I think right now, most investors and most speculators are anticipating a rollover and the concern that identif ....