Is 102 the price. Indicated 190 to 195 well show you the first trade the moment it happens. Well talk all about it, a market cap, and people on twitter are talking about it well talk a lot about that, what it means for overall valuation in the market, which was our lead anyway. Because jpmorgan today downgraded several highflying tech stocks. Pete, this is where i want to begin with you because this is an interesting downgrade the timing very interesting to coincide with this doordash ipo, which were talking about with a lofty evaluation in their own right. They go downgrade on crowdstrike, on docusign, on zoom, on cloudflare. Theyre looking back to 2010, talking about the relationship between the highest multiple stocks then related to Software Valuations and how they underperformed the software at that particular time and talk about maybe it starting to replicate itself now. What do we think is this trying to pop the bubble before it gets too big i would say, yes. I would agree, by t
Happy thursday welcome to squawk alley. Im jon fortt with Julia Boorstin carl has the day off apple responding last night to facebooks broadside that accused apple of playing to its own self interests in making it harder for advertisers to track users online without their knowledge. Apple offering a measured response saying, hey, were just giving users a choice. Julia, were starting to see, you know, not only the contours of the arguments but perhaps the diplom diplomatic approach. April sl saying, look, you can still run the business exactly the way did you before all were doing is saying that users have to opt in to you following them around and, hey, if it theyre fine it with, everything goes on as normal yes, thats right apple making this all about privacy. Facebook making this about Small Businesses now, of course, facebook can still target ads to consumers based on all the information and has about consumers and behavior on all of the own platforms. Facebook, instagram, whatsapp
The Immediate Distribution coming up. A record smashing day. It is not good. Over 1,400 new case confirmed today. Almost double last week. That has cases rise theres hope for the first batch of the vaccine doses. Arriving in santa clara county. In just eight days. Health leaders say they will receive 17,500 doses of the vaccine. That will go straight to healthcare workers and Long Term Care nurses. We will expand the vaccine through priority. To other member of the community. As we are being directed. That will come over the next several weeks to several months. Hospitals already in preparation mode. Many working to install the freezers. Needed for the vaccine which requires ultra low temperatures. A lot of mixed messages from health leaders. No eating outside. Four counties have that new order in effect as of right no. Ma rin joins tomorrow at noon. Today several restaurants had to be demolition. California avenue has been shut town to allow out door dining. But since they are limited
Including the Treasury Department. Well have the latest on who may be behind the hack. And then overseas, negotiators working on a brexit deal to get another deadline extension as the uk and eu remain divided on key components. And new York City Restaurants already struggling to survive facing yet another hurdle as a new Indoor Dining ban takes hold. It is monday, december 14, 2020, you are watching Worldwide Exchange right here on cnbc. Good morning i am dominic shue in for Brian Sullivan today. Futures right now pointing to pretty decent gains, the dow higher by nearly 200 points, the nasdaq up about 42. The nasdaq has been the outperformer as of late. This after stocks snapped their multiweek winning streak on friday. All three finishing lower with the s p 500 closing down nearly 1 as you can see here. Its shaping up to be another big week for investors this week. In addition to the Pfizer Vaccine rollout, the Federal Reserve will kick off its final two day policy meeting of 2020 to
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 was reached on wednesday. The decision impacts over a Million Students and their parents and the city is trying to manage these cases and the weight that is placed on th