On monday to, i think, information they had 90 efficacy. That was the pfizer vaccine. Demonstrating the vaccination as possible against covid19. The dr. Also said, if vaccine emergency authorization is approved, 20 million doses could be available in the United States in december. There are well over 1 million cases of the coronavirus in california. According to Johns Hopkins with only state with more cases is texas. Over 18,000 people with the virus have died in our state. Californias 14 day test positivity average is up to 4 . The goal is to be under 5 . Santa clara county Officials Say they are seeing a sudden, rapid spike in covid19 cases and are announcing new restrictions, including the elimination of Indoor Dining. Its bad news for restaurants who have just recently returned to Indoor Dining. Reporter thats right. Restaurant owners say this will be tough. They are not sure if they can get enough patio customers in winter to survive. Now, in a news conference, Santa Clara County
Another day of dragged on stimulus talks, john. Intel not a small factor in the trade. When i think of volatile tech stocks, i tend not to think about intel. Look that two year chart ups and downs. Its like an obstacle course, a tough mudder or something. Last quarter, it was about the supply side and intels manufacturing. This quarter the surprise was more around demand and the extent to which enterprise and government just isnt buying in the data center. Cloud picking up the slack that has an impact on margins. Of course, we have the pc stuff going on which is largely a tail wind they havent for a long time but theyre not buying them in the enterprise as we would expect people are not in the workplace. People are adjusting the way they work. That does have an impact on intel. A lot of balls in the air here this volatility predated, bob swan particularly on that manufacturing side but now hes got all of these other things to deal with as well investors looking for clarity around what
When the selling is resuming for a weekend there nasdaq lost 11k. It is the worst two days they are trying to get 3400 back as the fns or week. Lets check in with bob pissani and get a since of what you think is going on. What was interesting is we were drifting lower going into the nonfar payrollm payrolls there is tech to the downside. Right across the board industrials are a little weak. Energy is better and bank stocks are up as we have seen the yield curve steepenning. A lot of pressure in the middle of the day the stocks in the last several days, he would have gone on a up and down in the last five or six days and i will show you a couple examples of that. These are all stocks that have been extremely frothy in the last 60 trading days docusign had excellent numbers and very positive commentary overall. So what happens next in a correction when you get big frothy runups you can overshoot. Nvidia when from 505 to 580. All of the way down to 580 you can see it is slipping below tha
Coronavirus fears and head to the polls for a controversial vote on constitutional reform it could allow president Vladimir Putin to stay in power for another 16 years. Im going to Office Welcome to the program its crunch time full of tons of shareholders of germanys flag carrier will begin voting soon on whether to accept a 9000000000 euro rescue package that would make the German Government the allens biggest stakeholder should shareholders reject the deal or could face insolvency is how the head of lufthansa supervisory board. Sized up the choice at the beginning of the virtual gathering. You know we dont have any more money. Were going to be living off reserves that we set aside during the good years. Soon we will have used most of those up. Without support and we face insolvency in the coming days. For more than joined by our financial correspondent chose to delineate and fun for chelsea we owed of money those were very very clear words from the companies because we bought cheese
Ken frazier earlier on squawk on the street, take a listen to this when theres unrest, people put out statements, they put out platitudes they say this is terrible. We decry racism. We believe we ought to build a just society i think business has to go beyond what is required here before the pandemic there was 12 milliontilunfilled jobs in this country and 5 million inner city kids who want access to the economy. They want to be participants, citizens and consumers what they lack is the education, they lack the training there are opportunities for programs ken is so right well talk a lot about how American Business, how the corporate sector tries to heal this country thats obviously broken youre correct. It is the corporate sector and some of us would say other than the Atlanta Mayor who gave such a tremendous speech, were looking for leadership maybe we find it more in corporate or im reminded gina rometty created low income and low opportunity neighborhoods where she built schools, p