Disease expert says covid19 will not be a pandemic a lot longer. , dr. Ing at an event today Anthony Fauci pointed to rapid progress in vaccine development. He did say the coronavirus could remain endemic for a long time. Generally, a pandemic is defined as an infection that puts the global population at risk, while an endemic disease is one that spreads in some areas and not others. There is a power struggle inside Prime Minister Boris Johnsons office that threatens to destabilize the british government. His communication director quit last night, raising concerns about the future of johnsons most powerful and controversial advisor, dominic cummings. All of this comes at a time when the Prime Minister is dealing with a new lockdown and brexit talks. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 in london, and 2 00
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recognize that member at the next appropriate time slot provided them return to the preceding. Should a members time be interrupted by technical issues i will recognize that member at the next appropriate s
Morning depending on where youre at in the country right now and i want to make sure to note some important requirements as we conduct this official remote hearing. Let me begin by just saying they standing house and Committee Rules and practice will continue to apply during remote proceedings. So all members are reminded they are expected to adhere to the standing rules including the corum took with that said during committee will operate in accordance to h. Res. 965 and the subsequent guidance from the World Committee and the manner that respects the rights of all members to participate. House regular shows require to be visible through a video connection throughout the preceding. Please keep your cameras on and also got to participate in another proceeding please exit this one and then log back on later. In the event member interest technical issues that prevents them from a recognized for the questioning i will move to the next available member of the same party and i will recogniz
Good morning, im in today for Brian Sullivan lets start off with our your money and the Global Markets are shaping up on this monday morning. The dow will be higher by around 90 or some points. Gaining some ground in the past few minutes. You can see the s p higher by 4 points and the nasdaq rarely an underperformer now you can see implied open lower by 16 points now this is coming after solid gains for the major indices last week more on that in one moment here. Turning to the bond market as well, the yield on the benchmark ten year Government Note or just around 56 basis points the two year note yield about 13 basis points and the 30 yearlong bond a hair below 1. 24 or 124 basis points taking a quick look at the price of gold as well, remember, hovering around the record highs. That key one to watch, the last trade there, gold futures up about three quarters of 1 lets go worldwide karen is in london in the newsroom what can you tell us about the trading there. Seeing those u. S. Futu