Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
United states. Against a massive Misinformation Campaign fuelled by Chinese State backed twitter and facebook accounts. Were live in hong kong with the latest there and its a big week for retail coming up tjx, kohls, many more reporting it is tuesday august 20th and Worldwide Exchange begins right now. Welcome to the show. Futures indicating the dow will open up fractionally higher at this stage the nasdaq up by 11 points heading into this mornings trading session, the dow is now within 145 points of recooping all of its losses from that big wednesday 800 points sell off in the dow. The s p is just 3 points away. The bond market currently in focus as well. The yield of 10 year u. S. Treasuries you can about 1. 8 1. 52 just about six basis points separating those two. That 210 spread for treasuries yesterday the white house was pushing back against recession rhetoric today its numerous reports the Trump Administration is preparing options to help bolster the American Economy and help pr
Joining us for the entire hour is tobias levkovich. Welcome. Thank you is this just a bounce from oversold conditions or would you buy into the rally i think that it is more of a bounce off oversold conditions look, things like energy, financials, have come back we were so hammered in the last couple weeks the issue that you need to resolve is earnings. That will be the more problematic phenomenon and so do you feel good about what earnings could be i think that earnings are still too high for the balance of the year and beginning of next year. I think consensus numbers for next year for example are about 10 , probably should be more like 5, maybe 6. So that is the issue so doesnt feel so good the white house pushing the message that recession fears are overblown. President trump tweeting today, our economy is very strong decembspite the lack of vision the fed but democrats are trying to will the economy be bad for purposes of the 2020 election. Very slchish before our dollar is so str
Im wolf blitzer in the situation room. Take a look at this. Weve got some live pictures coming in from inside the debate hall where were now just a few hours away from a truly historic debate between President Trump and former Vice President joe biden. Both men just arriving in cleveland, ohio, for their first faceoff of the campaign. The stakes clearly are immense. With each candidate preparing new barbs to get under the others skin. Were also told it could get rather personal. Tonights showdown will be the first general Election Debate in American History to take place during a pandemic. Precautions include social distancing between the candidates, no handshakes and the entire audience being tested for covid19. The coronavirus death toll, by the way, here in the United States is closing in on 206,000 with more than 7. 1 million confirmed cases. As dr. Anthony fauci is now warning that unfortunate mixed messages out of washington are hurting the credibility of potential vaccines. Near