The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at
Im back. Great to be back. Back in the stacks with the books. Yes, yeah the Library Stacks are nice i wanted to show everybody where things are headed on this monday morning. Is it always up . I guess maybe it opens it feels like that i was told not to invoke his name when i mentioned him the other week he says everything goes up and it all seemed so crazy dow about 160 points nasdaq looking to open about 69 points higher in the s p 500 looking to open about 16 points higher treasury yields right now, lets do it. Lets show you the ten year note as we speak youre looking right now at the ten year at. 636. Melissa has news happening overnight. News out of china overnight beijing announcing sanctions and a spokesperson and the move comes after a top member of chinas Ruling Communist Party and three other officials over human rights a b abuses. Bo well ask senator rubio about this when he joins us live at 8 00 a. M. Eastern time on squawk box. Separately the u. S. Asked its citizens to be
Part of that down to the uae and kuwait deciding to cut production. Haslinda chinas factory gate prices fell while consumer inflation eased, pointing to weak domestic demand. Bloomberg markets coanchor Tom Mackenzie joins us from beijing. Take us through the key takeaways. Thatthe top line is Producer Prices fell more than expected. 3. 1 compared to a drop of 1. 5 in march. That does suggest weaker Commodity Prices. Going forward, Bloomberg Intelligence expects that deflationary picture to continue given that the economy will remain under pressure and we have pretty weak demand. That raises questions about the possibility of these corporates and their ability to pay down debt. Consumer prices rose 3. 3 . Poor crisis continue to rise at a slower pace. Pointing to a weaker demand picture. It is going to reinforce the case for a more certain policy support. Moderating,pi is the other question is whether this starts to spread internationally as well. They are saying there couldnt be a wors
That tropical cloud cover. So again, its kind of a broad this is the uk version right there. You can we would get in brush here. Most of its cleared the area, but theres some lower on activity, maybe even some of clouds underneath and it would the hurricane models, a majority not take much to get more cloud of them. No take it around san cover. But right now, were under mostly clear skies. Diego or los angeles for now. Temperatures today forecast for now. And to see the cone highs. Theres about a 12 degree spread on some of these. So im from the National Hurricane center on the probability of splitting the difference here. Where its going to make 70, 80. And if youre inland, its still tough to break down landfall and once it moves into the cooler water and to be some 90s. All right. Always ready to break it down here he some trauma amounts of rain and is, mister Sal Castaneda. All probably close to Tropical Storm right, steve, good morning to you. We dont have a lot going status as the
, will soon be transferred from sri lanka to iran. Became from 2017 to early 2023, fernando v. San sever, 59 years old, was one of the critics of the government of rafael cora, the previous president of the current republic of ecuador. He said that this crime will not go unpunished. It was dissolved and the president of pakistan dissolved the government and parliament on the request of the Prime Minister to hold early elections. According to the constitution of pakistan, the elections must be held in the next 90 days, but the minister of justice of pakistan is afraid of the possibility of postponing the elections due to the revision of the boundaries of the constituencies. New residents the statement of the libyan border guard informed about the death of 27 african migrants. Their bodies were discovered in the desert between libya and tunisia. There are also children among the victims of women, but it is unlikely that these people died of starvation. Several parts of norway were swept