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
Mr. Chairman, are you ready to begin . Please begin your five second countdown. Chair pappas five, four, three, two, one. Good afternoon. I call this hearing to order. Without objection, the chair is authorized to declare a recess at any time. We have a number of members participating remotely today. And before we proceed, i would like to go over some items for our members participating remotely. First, if youre experiencing connectivity issues, please make sure you or your staff contact our Technical Support so those issues can be resolved immediately. Members participating remotely must continue to use the video function for the duration of their participation in the hearing, unless they experience connectivity issues or other technical problems that render the member fully unable to participate on camera. It is committee and subcommittee policy that members participating remotely will remain muted when not recognized, just like turning on your microphone on and off during an inperso
Good wednesday morning im Caro Quintanilla with jon fortt and Julia Boorstin with us dow down 800, worst drop since about june 11th, on covid worries in the europe and United States, lockdown worries in france and germany oil is down about 6 vix getting closer to 40 were monitoring the ceos of twitter, facebook as they testify on section 230 well begin with dominic chu on more on what is driving the downswing. A lot of narrative around the rising covid cases, not just in the United States but europe as well markets may be taking their cues from whats happening in europe. Theyre talking about wider spread lockdowns in germany and france and whats if it happens here in the United States. Thats playing out in the markets right now. For the s p 500 specifically, below the 3300 mark, that is below both the 50day average price and the 100day average price for those indices, so many traders looking for technical or chart pattern levels as they look at trades today the s p 500, this little rol
153 points, nasdaq advanced 0. 19 . Well, then look no further than the stock of tesla this is an amazing market, but its always been an amazing Challenging Market individual investors, though, are back they now make up north of 20 , some say 25 of the action and theyve weathered everything from frightened, screaming billionaires to the nastiest president ial race in living memory to a horrifying Global Pandemic theyve steeled their hearts against the lack of Covid Vaccine or even a therapeutic. They arent oblivious to the incredibly high unemployment rate, yet they havent let it change their minds about trying to make money in the stock market whats the perfect symbol of that attitude . Tesla. Not the man, not the car, not even the company but the concept. A time our country feels it doesnt have much to root for and a world that hates us. I dont remember if no, i cannot remember a time in my life when we were this hated, and i lived through the Nixon Administration now, tesla reported
Treatment for covid19. He removed his mask before giving a thumbs up to the cameras. Global stocks see modest gains. His return comes as the cdc says coronavirus can spread indoors, in the air, beyond six feet. 34 u. S. States see more virus cases than a month ago. And the chicago feds Charlie Evans tells bloomberg he would welcome 2. 5 inflation. Jay powell and Christine Lagarde speak today. Annmarie good morning. Just gone 6 00 a. M. In the city of london. There is a lot to really digest with what happened overnight in d. C. The president of the United States spent 72 hours at walter reed hospital. He returned to the white house, a quite dramatic return. He walked up to the balcony of the white house, removed his mask, flashed a thumbs up, and saluting to the cameras. It showed a defiance of the virus, to Public Health measures. He is eager, you sell what he said at the top of the hour, to project strength in the face of the virus, but it has killed more than 200,000 americans. Be th