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
Together. If you think the increased interest in europe over the last six weeks of so is off the back of the e. U. Recovery fund. Details are pretty good. It means to us that europe is maturing. It is looking a lot more sophisticated. To us, this is something that can run a little further. The market is getting ahead of itself. People are saying this would d to more this is because of the pandemic. Are we going to be back to square one . Or is this Real Progress . I would say it is a little bit of both. Ultimately, this is the first up towards all the things we have been asking that was put into construction mode. Think there is a fundamental improvement. Terms of the long term in terms of a longterm, we still there were still a lot of focus on the old economy sectors, which means it is likely to struggle for a while and you have to remember demographics. The ecb looks more credible than it did a year ago. Plus, as you said, europe is managing the pandemic pretty well. By the time bein
If so, call in at 202 7488000. It, 202 7488001. If you supported oppose it, 202 7488002. You can send us a text at 202 7488003. If you send us a text, let us know your name and where you are from. We are on cspan wj at facebook and on twitter. Very good tuesday morning, you can start calling and now as we take you through the categories facing new visa restrictions through the end of the year and perhaps longer as a result of the president s actions yesterday. Actions would impact foreign forers seeking h1 visas skilled hightech workers, h two visas for seasonal workers, age four visas for spouses. L1 are executives transferring from positions abroad with the same employer. And the action would impact visas including interns, trainers, teachers, au summer work travel participants. This includes some exceptions for those in health care or supporting the Coronavirus Response and for those who work in the country upon food service and Food Supply Chain sectors. As julia of the Migration P
And oil is up to the tune of 25 . The jobless claims rocked the street. We were expecting them to be bad. We were not expecting them to be 6. 6 million bad. Jackie deangelis, jackie. Reporter good afternoon to you, neil. Lets go ahead to start with the tweet from the president that had the dow jones up more than 300 points now. The president said, i spoke to my friend, mbs, crown prince of saudi arabia who spoke with president putin of russia and i expect and hope they will be cutting back approximately 10 Million Barrels and maybe substantially more, which if it happens will be great for the oil and gas industry. The markets are rallying on this, because low oil prices are good for consumers and businesses that use oil. Statement, you dont want the price to be so low that the shale producers go out of business. That the Oil Producers have a hard time, staying, conducting, keeping things going. So prices spiking today, more than 20 is a positive sign that it is all moving in the right
We will come to order. Todays hearing will focus on the reauthorization of the fast act, the nations current surface transportation bill that expires on september 30. We will hear the priorities of key Public Transportation stakeholders. A longterm reauthorization bill is critical to providing the certainty of stability that transit agencies, cities andos d to make responsible transportation lighting decisions. Public transportation plays a key role in our nations economy there are over 400 30,000 workers employed and Public Transportation in the United States. Transit provides approximately 33 million trips every day. Taking Many Americans to and from work, school and medical appointments. Not just in big urban cities, but also small areas. We have found ourselves with yet another reauthorization where the Highway Trust Fund is a most significant issue that needs to be addressed. In order to advance a comprehensive longterm reauthorization bill. While this committee does not have juri