Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Measures on its own to stem the spread meantime the president elect forming his inner circle as President Trumps legal team hitting another brick wall and besting the bitcoin . You betcha the crypto asset outperforming them all its our rbi on this monday, november 23rd, this is worldwide exchange. Well, good monday morning, good afternoon or good evening and welcome from wherever in the world that you may be watching im Brian Sullivan good to have you on the program this morning its becoming a trend lately now, mondays, vaccine mondays now tending to show positive data in the fight against covid. And today is no exception. Look at that stock futures they are up, dow futures up 208 nasdaq futures up 50 the markets are getting a boost this morning on news from astrazeneca and Oxford University that broke just hours ago. The university saying its covid19 vaccine was found to be as much as 90 effective in preventing infections without serious side effects in a large Clinical Trial in the u
Good monday morning. Im Carl Quintanilla with jon fortt. The dow puts together the first intraday high in nine months, processing the election, putting closure, perhaps, to that but obviously the big news of the day is out of pfizer and this potential covid19 vaccine once again, well start the hour with meg hey, carl this news that pfizer and german partner biontech provided 90 efficacy in the phase three trial providing hope this is the first vaccine we have seen results from the results are limited. They just the independent committee took a look at the trial. They found 94 confirmed cases of the covid19 in the trial and they found a difference in the Placebo Group and the vaccine group. They also said they saw no serious safety concerns in the trial. Theyre going to he mass two months of safety followup which for half the people in the trial getting their second shot which will take them into the third week of november that is next week after which time they will file with the fachl
Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs that Emmanuel Macron is urging his e. U. Counterparts to start drawing up contingency plans for a nodeal brexi
Donald trumps falsely claimed election victory and is disputing the results. And in other news a minute she escalation in northern ethiopia tensions between the government and local groups threaten to spill across the border. Is 2100. 00 g. M. T. 4 pm u. S. Eastern time and 15 hours after the last polls closed in the president ial election the result is still on a knife edge but it seems it could be tilting the way of former Vice President joe biden and his Democratic Party is due to speak at any minute and these are live pictures from wilmington delaware well take you there a soon as he starts but dont trump is definitely not about to concede hes not showing a string of legal attacks or disputing ballots and challenging results biden has moved closer in the past hour to the magic total of 270. 00 votes for the white house adding the 10 Electoral College seats in the state of wisconsin. But the trunk campaign is already demanding a recount in that state and has fallen lawsuit to try to