The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef
Television worldwide, good morning. 11 days to go on the election. What are we trying to do . We are trying to get through friday. This is a serious time, a serious debate last night. This pandemic has worsened worldwide. The challenge of a 3 trillion deficits. The civility of last night was noted. Jonathan it was civil. It was muted. But stark differences on the outlook, particularly over covid. The president promising a vaccine within weeks, and biden focusing on the failures of the administration and the winter ahead of us. The Vice President talking about winning hope over fear. That really goes to one of the themes this week we havent talked about, which is the partition of economic america. Lisa the idea that the jobless rate perhaps is going down, but stagnant at one rate. We got those initial jobless claims. The number of permanently unemployed americans, frankly those around the world, is increasing. It is going to take a long time to remedy some of the scarring taking place.
Onwelcome all of you Bloomberg Radio across this nation and bloomberg television. Extraordinary Market Action yesterday, truly historic. We will get to that in just a moment with someone who has a wonderful test but a wonderful tapestry of the history of the market. First weve got to get to the news flow. Are we still doing election 2020, or have we moved on from that . Jonathan i think it may come back on the agenda, but today is as yesterday once again, just a little flavor of mondays price action. You will find it in names like amc entertainment, and the airlines. You will find it at the index level. The relative performance of the russell versus the nasdaq continues. You could drive a truck through it this morning. Russell futures are up by about 1. 6 . Nasdaq futures are negative on the session. Cyclicality starting to come back into this market. Youve got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe
Tom jon, get out of the sand trap, or whatever he said last night. Just absolutely extraordinary. We have been talking about it all morning. I would think the worldwide audience must be. Just extraordinary. Can we also note there is a job economy coming up, and maybe the next debate they can talk about where this unemployment factor is maybe going . Jonathan and maybe the csuite is still very strategic about when they drop bad news. The Walt Disney Company talking about dropping 28,000 jobs a few hours before debate. Tom well said. Jonathan it is amazing for me to wake up this morning, to watch back at that debate and hear the former Vice President call a sitting president a racist, and it doesnt even register. It is not even a headline this morning. That speaks to where we are at currently in the political discourse in washington, d. C. Tom some of the discussions on the white super missy issue last night are beneath the fold because of the turmoil, the emotion, the rage and the rank
Kennedy nixon. I dont know if we will see element of that, but you will see way over the 80 million four years ago for clinton and trump. The interest is ginormous. Jonathan it is a spectacle. It is golden tv. Does it have consequences . That is the question. Monmouth university come out with a pole that said just 3 they are very likely to hear something that will impact their eventual vote choice. We will all be watching. Will it have consequences . Tom let to get the theater out of the way right now. This is very important. This is case western reserve university, one of our great science and engineering institutions, and the richest , secretary 1800s hayes to roosevelt. This is the history of dow chemical as well. And in the 20th century, it is a city that has been flat on its back for a decade for decades. Joe biden if can speak to these people, and President Trump as well. Jonathan in d. C. , there is still something to talk about away from cleveland. Apparently theres going to be