Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Future and later, President Trump says the time for negative Interest Rates is now. So were breaking out our crystal ball to see what the market will look like in a world of negative rates and we start with the market selloff the stocks tumbling after the path forward is highly uncertain and subject to many downside risks. The prolonged recession and weak recovery can discourage business advancement and expansion further limiting the growth of jobs and the pace of technological advancement. The result could be an extended period of low productivity growth and stagnant incomes. And then theres this, Stanley Drunkenmiller telling the Economic Club of new york that the risk reward for equities may be as bad as hes ever seen and scott telling scott wapner that this may be the second most overvalued market hes ever experienced so did the markets just get a big dose of reality, guy first of all, i know youre not in charge of music at cnbcs fast money and im getting ready for the twitter hatr