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By law, the bidenharris team cannot access federal funding or contact federal agencies without gsa signing off. Now despite the step, the president is clearly not conceding. In a series of tweets he wrote our case strongly continues. We will keep up the good fight, and i believe we will prevail. Nevertheless, in the best interests of our country, im recommending that emily and her team do what needs to be done with regard to initial protocols and have told my team to do the same. Now, in response to the letter, the executive director of the bidenharris transition wrote todays decision is a needed step begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track. This final decision is a definitive administrative action to formally begin the transition process with federal agencies. Now, in her letter, murphy said she made her decision now because of developments involving legal disputes and certification of United States , New York , Russian River , San Diego , Antigua And Barbuda , San Francisco , New Jersey , South Korea , San Mateo County , Henry Lee , Clay Thomas , Emily Murphy , Barbara Lee , Greg Lee , Joe Biden , Los Angeles , Santa Clara , Cristina Rendon , Alex Padilla , States Greg , Casey Stegall , Pat Quinn , Ray Bogan , Stacy Mason , Willie Brown , Maureen Naylor ,
This is widely expected. This is the vaccine that was found to be 94. 5 effective in the primary analysis. There is discussion about possibly having some sort of meeting later in the month with the fda to make the approval. We heard from officials over the weekend that they are going to try to approve it in fast order. If you take a look at markets, not the response you would think, at least not much. Jonathan it has been the diminishing marginal rate of the additional vaccine news in this market that has diminished over the last several weeks. Equity futures down 0. 4 percent. Expectations are already so well anchored by the vaccine news weve had over the last several weeks. We are down 0. 4 on the s p 500. In the bond market, yields up by a basis point or two to 0. 85 on the 10 year. The news isnt this morning. It is the cumulative impact of the last several weeks and now it is shaped the forward outlook under a much better way compared to what we face right now in the here and now i ....
Correction from the march lows. Joining us is a chief market technician. Nasdaq, what is the level that we stabilize at . That is a great question. I think rather than looking at the levels, i think it is more about duration. We need more than one or two days of selling to alleviate the excess that we have built up over the last few months. Anybody who has been following the markets, equities seemingly have grind it higher every single day, so there is a lot of excess, a lot of exuberance built into the market. A a day or so of the selling pressure is not going to alleviate that. Where we kindbove of should be, are we . I guess it is the question people are trying to understand. We did push up aggressively, steadily though, but it has taken us above the 50, 100 and 200 Day Moving Averages. We are starting out to get back down to levels closer to the 50 Day Moving Average< ....
Launching that service here in the u. S. Later this month. We are staying at home and we want our groceries and other purchases delivered and quickly. And we are on that story throughout the program today. As for the overall market, dead flat following a selloff on tuesday but keep in mind the dow and s p are up 40 from their march lows and the nasdaq is up 50 since then. Pretty impressive. President trump says he will pressure governors to reopen schools in the fall. This is a major step in getting the economy back on track. Kids go back to school, parents can then go back to work. That, of course, will be an issue for sure in the election, where joe biden has the lead in all of the polls, if you believe them, and even some wall street firms are apparently preparing for a biden win. But we have a democrat pollster coming up in a few minutes who says the race is a lot closer than the polls would indicate. Just wait until you hear what congresswoman ilhan omar wants to do to the economy ....