Overnight, spacex got one step closer to making space travel more affordable early today starts right now glad to have you with us im frances rivera. And im paul gehrke so far more than 11. 2 million americans have tested positive, and around the country positivity rates are soaring kansas, south dakota, and iowa are all above 50 while idaho and wyoming are 40 . The highest daily total in california since the beginning of the pandemic began. Governor newsom is calls for an emergency, rolling back the reopening. More than 1 million children have been infected, and last week alone, a record of nearly 112,000 have been diagnosed. The Trump Administration have come up with a deal with walgreens and cvs. Theres optimism as a second vaccine appears to be more successful than imagined reporter announcing its potential Covid Vaccine is 94. 5 effective, drugmaker moderna says if granted Emergency Operation by the fda, it would roll out doses as early as december, its Clinical Trial with 30,000
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
Points the s p which is then up five out of the last six weeks and up the last six sessions in a row is up by 5. 5 this morning and then the nasdaq which has been this incredible out performer for months on end is the other performer this morning its down by 13 points but remember nasdaq was only down friday after being up for several sessions in a row. Setting a new high every one of the closes. The s p is less than 1 from its all time high. Its up back in february the treasury markets youll see right now. The treasury yields are where they have been the ten year is at 0. 556 . Melissa. We have an update on the pandemic the United States surpassed covid cases. It took just six weeks for u. S. Covid cases to double. The growth appears to have leveled off at an average of 54,000 per day over the last week in College Sports news over the weekend the mid american conference scrapped its all football season delaying all fall sports until the spring of 2021 the logistics were too complicate
Heavyweights cat cuts earnings outlook. Boeing sticking to the timeline for the return of the 737 max. Softbanks massive wework bailout. The latest deal details and the golden parachute for adam neumann. Mark zuckerberg goes to washington were going tostart with that pair of dow components, boeing erasing earlier losses despite a big earnings miss. Revenues slightly above consensus. Company still sees the 737 max getting back to service in q4. And then there is caterpillar, missing with quarterly results, cutting full year guide, hurt by weaker demand in china the first decline in quarterly profit since 2016. As they had sales down in every region which you just talked about. My travel trust owns it does that mean im an idiot . No it means you have to take pause and say they continue to buy back stock, they said would no longer be episodic cash flow remains really good. I didnt think i could make this much money with this decline in revenues all that said, so what 400 other companies i
The white house are President Trump and the australian Prime Minister in town for an official state visit. That expected any moment now. Thats where we find eamon javers with what we can expect today. Reporter we are in the east room waiting on the two leaders. They have had some formal pomp and circumstance so far this morning. The president has had an opportunity to make news in the oval office announcing that the United States has placed sanctions on the central bank of iran, the u. S. Accusing of funding the two organizations that the United States say engage in terrorism around the world. The president saying this is the highest level of sanctions ever put in place against a foreign country. Well wait for more comments. As we watch the press conference, we are expecting the traditional two questions from the u. S. Press and the australian press. This is a president of the United States who is in Alliance Building mode here in advance of any action that he might feel he needs to ta