Touting success in fighting covid19. The news comes as we learn 11 million americans are infected with the coronavirus. Black do not need any device. It will be the same as getting it at cvs. Reporter the moderna ceo took to the airwaves words of comfort for a jittery global community. He says Clinical Trials show shots from the drugmaker vaccine provide strong protection against covid19. Vaccine is being created with the National Institutes of health and is being tested on 30,000 volunteers. Those subjects either received the vaccine or a placebo. So far, the two shot moderna solution to covid which needs to be kept in a cold place appears to be 90 for. 5 effective. Once you have a vaccine shown to be safe and effective, you can go back and do phase one and phase two trials in children. Trucks of a congresswoman anna eshoo sent an email to fox 2 interaction to the recent element thing and part, importantly, the vexing candidate so appear to prevent severe covid19 disease. It is extrem
How retailers are shifting Sales Strategies online this Holiday Season then, questions over astrazenecas vaccine trial, what the ceo is saying this morning. And finally what a salesforce acquisition of slack means at this hour. Right back at you in terms of this market action, we have seen it a lot, mike in terms of the dows performance this month there has been some rotation lets start there. Somebody this morning saying aerospace is up 40 . Which frankly i did not necessarily know it has been that strong in that short amount of time does it continue in this rotation or do we have to watch this in last day, day and a half of trading there has been a stutter step in that rotation. We had a couple of these since march. One of them peaked in june now it has been very, very aggressive aerospace is part of the industrials group. Industrials fully kind of got back to precovid levels and the valuations of industrial stocks are well above where they were based on expected earnings eight month
Changes ahead of its big hong kong listing. New controversy for one of wall streets most powerful Investment Banks this time over Sexual Misconduct allegations. And then ditching sin city, yes, ditching it, one of the biggest casino operators in the world on a plan that would focus the company entirely on mccaw and singapore. Youre watching Worldwide Exchange right here on cnbc on tuesday, october 27th, 2020. Viva las vegas good morning im dominic chu in for Brian Sullivan today. Lets begin with stock futures right now showing relative stability after big losses yesterday. You can see here the s p implied higher by just about seven points the dow implied higher by 37 and the nasdaq by 36 not large gains by any measure implied. However, after yesterdays losses they could be viewed as somewhat stable. A closer look at the dow futures over the past 12 hours were well off our session highs as you can see here and just a hair below the lows of the level we saw in the overnight session as yo
The s p 500 really getting back to the record highs. What i really want to focus on nowne day, two days, and wednesday, we are giving up the yield surge of the past week, a profoundly for global wall street it profound week for global wall street. Francine i will never forget valentines day of 2020, i think it is the last time i traveled. [laughter] kind of like a milestone i remember. It feels it yields away. Lets get straight to the bloomberg first word news in new york city with karina mitchell. Corrina m a cuts have made it official and nominated joe biden covering up karina democrats have made it official and nominated joe biden for president. Meanwhile, the Trump Administration sees a path to a pared down 500 billion stimulus deal. Bloomberg learned the package will eliminate the biggest area of disagreement between democrats and republicans, would include money for the postal service, and money for businesses to keep workers employed. Pelosi suggested democrats might agree to a
Supreme court orders the former president obama already to go under house arrest in a case relating to witness tampering and for all. Argentina takes a major step forward in stabilizing its economy by reaching a deal to restructure the huge Government Debt also ahead a groundbreaking and controversial ceremony indias Prime Minister prepares to lay hindu temple foundations on the ruins of a mosque. Welcome to the program a massive explosion in lebanons capital beirut has killed at least 78 people and injured thousands more it happened at a port warehouse where about 2700 tons of Ammonium Nitrate have been stored for years well its about 7 am in beirut now and these are live pictures showing the scale of the destruction hospitals are overwhelmed and in a moment. Speak with someone from the medical community but 1st aljazeera zana how to reports. A massive explosion in the heart of the lebanese capital. Was. The blast essential quavers across beirut shattering windows destroying buildings