Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
And the deal is worth over 44 billion in stock it combines two of the largest providers to wall street and so far 2020s largest dollar wise deal plus, youve seen it on squawk box gm and nikola announce a smaller deal on fuel cell systems doesnt involve equity and well get to more of it why those shares are down so sharply by the way, jim, great to have you back. A lot to catch up on that we missed talking with you about over the last few days as for moderna, another monday here, jim, with 100 on severe and more discussion that come spring we may have nearly ten of these things to choose from. A remarkable moment because it is true this is warp speed and warp speed is run by the army and going to go to longterm care facilities at the same time it is going to go to Health Care Workers and i think the good news here is it will go to a lot of people that no one thought they could get to very early you shotgun the entire level of when you include modrna and dont even talk about j j i think
Drive this stock for the next end years . And bitcoin is back crypto currency. What is behind the big move in bitcoin. But first we start with goliath versus goliath the battle between two behemoths taking place today amazon taking target at walmart. It offers free delivery for pride members, but walmart has long offered Home Delivery on certain prescription products. This is the latest in the growing turf war between the giants guy, walmart, amazon, who do you have dom, its great to have you this is the big show, like the masters for you. It is like you playing golf against joe kernan they are glued to their television trying to figure out what is going on in this game of would you rather, i would rather walmart i think the stock sold off for two reasons. There was an inventory build, up about 5 i think the street looked at that and said maybe margins in the next quarter wont be great, and wont get guidance amazon, by comparison, you had a september 2 high in october 34. 50 and novemb
Been this year. Atcoin racing ahead, sitting a price level we have not seen since nearly three years ago. But, maybe investors taking a pause is the right thing to do. Sales u. S. Retail reminding us that another round of stimulus has not yet been passed. Sales gained. It is a tugofwar between vaccine boom and virus gloom. Joe things are not great in the short term. In the longterm, the vaccine making people optimistic. A lot of this bullishness reflected in the bank of America Monthly Fund manager survey. This tends to happen. Stocks go up, people get the list. This is the percentage of respondents that say they are overweight equities. 20e is a chart going back years. Half of respondents saying they are overweight. Very bulledlearly up. This past year, so much residual skepticism, lockdowns, election risk. Excuses to stay on the sidelines. One by one, those excuses have fallen. Now, all of a sudden, everyone is bullish. Like the lastems few times we reached this type of enthusiasm, e
Bloomberg television. Eight days to the election across the station, and those watching around the world. The confluence here this morning, futures up 33. I get it. At the confluence here of really grim news worldwide on the pandemic, along with major uncertainty on the United States senate elections, makes for an interesting monday. Jonathan i couldnt agree more. The composition of congress all about what happens next with fiscal stimulus for market participants. Playing out for everyone to see, the increase of infections in the United States and europe, and extra restrictions coming down italy and spain at a time when the economy was already losing momentum. Youve got an equity market that gets hammered. The s p down almost 1 . Say full credit, i hate to this because jon is only with us for a brief hour today on bloomberg television, but the basic idea i have is that you were way out front on this. P guess if i am an sa shareholder, im a little surprised off of where it was friday. L