Biden agenda and wall street sentiment, and trying to extend the rally at the open. Covid19 deaths hitting a new record one year as carl said since the first confirmed case in the u. S. A look at how the new administration hopes to contain this pandemic. And the repeat performance, if youre watching yesterday, you know, General Motors is up 36 so far, and the month of january is not even over we will break down what is behind the rally, carl even better than tesla yes and adam jonas on squawk with some interesting comments about the turnaround there. Jim, a big day for policy, as it pertains to covid. Were expecting more executive orders, and actions, regarding vaccinations, testing, hospitals, new public dashboards, and fauci will join the press briefing at 4 00 as he becomes the u. S. s representative, as we rejoin World Health Organization and covax. I think anyone who reads the president s 21page white paper on how to handle the vaccine comes back and says you know what, its going
Gain of more than 500 points the day before that and right now dow futures indicated up another 113 points this comes after the dow closed at its highest level in a month yesterday. Oil prices picking up by about 3 more of a supply picture but the s p 500 indicated up by about 13, nasdaq up by 31. And treasureky my market, te yielding 0. 765 . Andrew lets talk about stimulus this morning because house he Speaker Nancy Pelosi and treasury secretary Steven Mnuchin spoke about a broad stimulus plan yesterday and Speakers Office says that the treasury secretary made it clear that President Trump had interest now in finding an agreement on a comprehensive relief plan, that conflicted with comments from the White House Communications director who said that the white house wants to address stimulus checks, Small Business loans and the airline, but not anticipating a larger package. Nancy pelosi said that the white house is open to something bigger but not on the scale that democrats have prop
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Ave to hospitals. E getting bathose ators, othn veanothesar currently being refurbished. Reporter the governor made sure to emphasize that the vents are on loan and could be called back at a moments noce here. To the extent that other americans need our support, our largess, well be there for as people as we possibly can, but know this, were also taking care of our 40 million in california as well. And at the same time, bay area businesses are ramping up production of ventilators. We got a tour of evolve Manufacturing Technologies in fremont today. The company normally makes medical devices such ou b analysis mneve is switching ove ventilators. The company is setting up a new production line, and it will makeup to 50,000 machines a month. In normal times, a ventilator would probably take 6 months in an ordinary cycle to get. With tremendous trouble, maybe 3 months is very, very aggressive. So everybody is trying to really do the impossible right now. More than 350 businesses and manufa
Did we get hammered today . Because investors are finally starting to realize that the coronavirus is a very Destructive Force for economies. Dow plunges 228 points s p plummeted. Nasdaq, 1. 79 . As profit takers came out in forces, especially in big tech, recognizing the chinese economys going to go maybe offline. And going offline cant be good news for the United States the 30year treasury, well, it fell to record lows. That worries me. Yes, thats got to be a dangerous signal and not just a windfall for home buyers, right . All the action seems to el us the bad news out of china is finally translating into bad news almost a total delayed reaction. Should have been a week ago. Because our economy remains deeply intertwined with theirs so many of our companies rely on chinese suppliers for everything from trim, like in clothing, to buttons, essential medications, components, all sorts of technologies were really much more intertwined than people realize. I think were right to be worrie