Good morning im dominic chu. We begin with breaking news and two biotech stocks surging ahead of the opening bell. First is gilead. Soaring here on report patients are responding well to one of its coronavirus treatments at a hospital in chicago. Those shares up by 13 premarket trade can you see over the course of the last 24 hours, a massive move for gilead. The second is moderna. They secure key funding for the development of a coronavirus vaccine. Those shares up 19 premarket we have more about those two stocks throughout the course of the morning. Now to the Broader Market this morning. Hopes around gilead, futures right now are surging. The dow would be implied around 600 points, the s p by about 64, nasdaq by about 140 points believe it or not, this is well off the highs of the session right now. Well continue to watch that lets check the etfs that track. You can see the dow etf, the diamond up about 3 . S p 500 etf, the spider, spy there up 2. 5 . And the qqq trust up about 2 th
For several weeks while Congress Worked on long term spending plans. The republicans, who hold a slim majority in the house of representatives, are at a deadlock, with members on the right of the party demanding wide ranging spending cuts. One of that groups main objections has been the white houses request for an additional 24 billion in aid to ukraine. Tonight, mr mccarthy urged the senate to drop that measure from its resolution. I think if we had a clean one without ukraine on it, we could probably be able to move that through. I think if the senate puts ukraine on there and focuses ukraine over america, i think that could cause real problems. Megan scully is Bloomberg Congress editor and shejoined me earlier. What is your initial reaction to this news there from Speaker Mccarthy that if ukraine was removed, a deal might be on the table . ,. ,. ,. , table . This is one of many ideas that table . This is one of many ideas that are table . This is one of many ideas that are percolati
The republicans, who hold a slim majority in the house of representatives, are at a deadlock, with members on the right of the party demanding wide ranging spending cuts. One of that groups main objections has been the white houses request for an additional 24 billion in aid to ukraine. Tonight, mr mccarthy urged the senate to drop that measure from its resolution. I think if we had a clean one without ukraine on it, we could probably be able to move that through. I think if the senate puts ukraine on there and focuses ukraine over america, i think that could cause real problems. Megan scully is Bloomberg Congress editor and she joined me in the last hour. What is your initial reaction to this news from Speaker Mccarthy . That if ukraine was removed, a deal might be on the table. This is one of many ideas that are percolating this evening. The closer we get to the deadline, the more ideas seem to be giving birth by both sides. This latest offer, not even quite an offer proposal, someth
There has been nothing public from senator corker that he might be against tax cuts. What exactly what the president was referring to there in those tweets . Senator corker privately, that he told president or white house against tax cuts . I dont know he is against them but he certainly indicated his unwillingness at this point to really step forward to work with the administration on getting things done. We hope he will come around and vote for tax cuts as people in his state demanded, requested and pushed for him. Francesca. Reporter flake, mccain, corker will eventually vote for tax cuts all three of them, because you need all three of them . I certainly hopes america wants them to. Reporter i asked you if president wanted senator corker to resign you didnt want to go there. If everything that happened since, has the white house changed his position . At the very least that senator corker should step down as head of Foreign Relations committee especially since senator corker told c
Can you talk about what that might possibly mean for muslims here in the United States . Guest absolutely. What we are referring to is the portland attack, and attack just over one week ago on a commuter train in portland where Jeremy Joseph christian threatened a young muslim girl and her friend , using racist epithets. Three brave men stepped forward to protect those two young girls. In the process, two of them lost their lives. The third was severely injured. By the attack, by the perpetrator. That attack on the portland train is actually a one of many attacks that we are concerned about at Muslim Advocates. Taking place over the last year, year and a half or so as ontime muslim rhetoric antimuslim rhetoric has been escalating in this country. Also perpetrated by the president himself during the others, trail and by other elected officials from time to time. Its greeting a hostile and dangerous and ryman for muslim americans. That in rhymen is a hostile and dangerous environment for