Down days for the markets. Right now s p down by about 11, dow by 96, nasdaq off by about 47 we were so close to you dow 30,000 earlier in the week, but that seems to be slipping away a little bit 29,400 and change is where the dow is right now and again, down two days in a row, down again this morning and after yesterdays declines, all three of the major averages are in negative territory for the week a lot of things happening with covid and well talk more about that in a moment, but some of those concerns creeping back into what you see in the markets. If you are looking at the treasury market, the yield on the ten year right now is sitting just at about 0. 852 and the vix also spiking yesterday, probably a little bit on concerns about what happens as we go back into some of the lockdowns. The seesaw of good and bad news on covid. And well give you a bit of good news that happened overnight in the vaccine wars developed by the university of oxford and astrazeneca found to be safe. An
Announcer this is Washington Week. Corporate funding is provided by [music] for 25 years, Consumer Cellular has been offering no contract wireless plans designed to help people do more of what they like. Our u. S. Based Customer Service team can help find a plan that fits you. To learn more, visit consumercellular. Tv. [music] announcer additional funding is provided by the estate of arnold adams and koo and Patricia Yuen through the yuen foundation, committed to bridging cultural differences in our communities, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, from washington, moderator robert costa. Robert good evening. And welcome to Washington Week. President elect joe biden and Vice President elect Kamala Harris continue to face mounting challenges tonight with President Trump refusing to concede and blocking them from both transition funds and highlevel intelligence briefings. Now while some republicans
Announcer this is Washington Week. Corporate funding is provided by [music] for 25 years, Consumer Cellular has been offering no contract wireless plans designed to help people do more of what they like. Our u. S. Based Customer Service team can help find a plan that fits you. To learn more, visit consumercellular. Tv. [music] announcer additional funding is provided by the estate of arnold adams and koo and Patricia Yuen through the yuen foundation, committed to bridging cultural differences in our communities, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. Thank you. Once again, from washington, moderator robert costa. Robert good evening. And welcome to Washington Week. President elect joe biden and Vice President elect Kamala Harris continue to face mounting challenges tonight with President Trump refusing to concede and blocking them from both transition funds and highlevel intelligence briefings. Now while some republicans
Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its
Becky is off today. Looking in the green nasdaq to open about 78 points higher and looking to open higher as well also 22 points higher. Also treasury yields youll look at the 10year note at. 681. We have a lot going on today on the data front, details come at 8 30 eastern. Breaking news overnight. The House Transportation Committee issuing the final report on the 737 max list the failures that led boeing to design and the faa to approve the software that contributed to two crashes. Around the Safety System called mcas accusing boeing of concealing the information. Including concealing the existence of mcas from its pilots boeing says it learned many hard lessons as a company from the accidents and from the mistakes we have made as this report recognizes, we have made many changes to our company. They expect to get 737 max back in the air in the Fourth Quarter. Congress is expecting legislation to review the safety reviews of new plane models. Reporting that there was no singular mista