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They say that they are going to begin a phase three trial later this month, but until they have that data, and they havent published any of the early data either, the long term effects and the safety of the vaccine remain unclear ive been talking with experts this morning from the childrens hones hospital of philadelphia and he says that there is no way that they could have any evidence that the vaccine works at this point. And it is based on technology that is not dissimilar from what other Vaccine Developers are working on, essentially using two other harmless viruses to ferry genetic material from the coronavirus to produce a immune response against it. J j is pursuing one vector using that same approach so not a lot known about this and experts are concerned that russia is approving this before they know if the vaccine can really protect people and if there are any safety concerns that would turn up when the vaccine is adm ....
Points that key level broached 3100 for first time ever. The nasdaq is higher today all three of the major indices are on track for more record closier close closers. President trump said trade deals with china could happen. Eamon is there and has the details. Reporter thats right. The big question going into the speech today was would the president say anything specific about china give us any dates or locations any indication of where this signing ceremony might take place. The answer is no he didnt give us any specials. Here is what he did say. Were the ones that are deciding whether or not we want to make a deal were close. A significant trade one deal with china it would happy it could happen soon we will only accept a deal if its good for the yiet for our workers and great companies. A little vague there on the specifics. The president also really lashing out at some of his critics including democrats on capitol hill and the Fe ....
Know but the team does call really for this time of the year and still with on wednesday pers drop back to 27. 00 but of infiltration of air from the water admittedly the suns out for the most part even is no longer particularly warm but in hobart it could be bright rotten sunny there is rain in new zealand its concentrating those still in the south island. Experience like never before. Going places together. And again im just. A reminder of our top stories this hour the u. S. Has evacuated 2 observation posts in northeast syria and says american troops wont protect kaddish forces there a statement from washington seemed to acknowledge a turkish plan to launch a major offensive in the oven syria. Iraqs government has denied any of its Security Forces a 5 directly on protesters during 6 days of violent demonstrations this as another 5 people have been confirmed dead in baghdad. And 2 protesters in hong kong have become the 1st peo ....
Imports, but the tariffs being posed in retaliation, there are two different stories, on the consumer side there is strength, record generational low wages rising 3 , well over inflation, people have more money in their pockets. If you go to the business side who are starting to see a downturn in six business estimates for the first time in years, manufacturing is slipping into a recession. Its not just large companies. One of the progressions we have seen for the last nine months is large fortune 500 companies concerned about tariffs and were seeing midsized companies, those with 700 employees who are saying its affecting their business and their ability to plan. The next phase is that it slips into Small Businesses and consumers. What we are especially worried about is that the weakness and the uncertainty on the business side from large to mid side paysite midsize businesses to United States , Stephen Moore , First Time , Nine Months , Small Businesses , Large Mid , Neil Bradley , Steamboat Institute , Steamboat Institute Freedom Conference , Institute Freedom , Freedom Conference , Economic Advisor ,
Told in two stocks, but the narrative around both of them, nvidia, target raised to 1,100. Top pick bank of america. Tesla downgraded to underweight at wells. Were showing you the yeartodate returns from both of these stocks which, in a sense, tell a story of the market at large. Stocks like nvidia doing incredibly well. The question is, are we really seeing a trend change, yes or no . A trend change as it relates to momentum being the positive factor . Unequivocally, no, we are not. Were not . Why do you say it so matteroffactly . Why are you so sure . So far, year to date, trend following nondiscretionary funds, and you can go ask aqr, mulvaney capital, you could go ask dunn capital, theyre having their strongest start to the year since 2008. Momentum is a factor is back, leading the market higher. If you do not have momentum, you will be punished as is the case with tesla. If you have momentum in the case of nvidia, nvidia right now, by the way, is literally the market. Where nvidia ....