Stretch but after several days, these new records have legitimate records. We broke a lot yesterday and intel was one of the companies that really took a hit disappointing investors with the data center, growth, and numbers. It takes a huge chunk out of the Standard Poors 500. Southwest also a real disappointment. You can see a big drop there. It is not a big company but it is taking a huge amount of points away from the s p 500. Muskesla motors, elon comes out with his master plan. I cant believe the stock takes such a big hit. What were people expecting . Obviously he thinks in bigger terms than that. Scarlet he doesnt give details. Joe hes a big picture guy. On the government bonds, a bit of declining yields. Nothing too dramatic. But the fitting the market hell off. Scarlet the euro dipping below 110 briefly, it is right there again. It was a threeweek low. They just have to wait for more data before deciding on what to do next. Found a measure of stability. The uk Prime Minister m
More bullish than anyone else on the street. To the markets desk right now, where julie hyman has the latest. Jules . Earlier we were sort of drifting, unchanged, but now things have turned higher across the board. Reclaim theo records that we saw back on wednesday, but nonetheless still the s p is up one third of 1 . Lets take a look at the week as well to get some perspective on the record that we saw on wednesday. You can see it pretty clearly here, the record levels where we were on the intraday closing basis. Even those climbing back, still not at those levels. Back to todays session, a lot of push and pull going on. Companies like general electric, falling even after earnings Beat Estimates because orders fell in the second quarter. Apple under pressure has one of its egg suppliers, skyward issuing a warning related to its biggest customer. Paypal, holdings falling even earningstes beat Beat Estimates as well. Back to you guys, i believe we are going to hear from the president. W
Global response. To help with our questions and studio, a Health Reporter with politico and a Health Reporter with the Washington Post. On fridaytting afternoon. Just a few hours ago, you briefed president obama about the zika crisis. Can you give us a sense of what you spoke to him about . We give the president on update on various aspects of the zika she was issue. Particularly concentrating on puerto rico. Spoke about the number of travel related cases, the number of individual women pregnant and affected among travel related cases, spoke a lot about puerto rico and he wanted an update as to the status of the Vaccine Development program. I think he went away from not host well briefed. What is the status of that development . Vaccine development . Host yes. He Vaccine Development is several candidates in various of development. A few including the one we developed at the nih getting ready within a few weeks. Ours will probably go to the end of august, beginning of september. Phase o
On various aspects of the zika issue. Epidemiology and the status of the outbreak in central and south america, particularly concentrating on puerto rico. With the number of travelrelated cases and the number of individual women who are pregnant and infected. He wanted an update as to the status of the Vaccine Development program. It was a lot of discussion back and forth and he went away from that pretty well briefed. What is the status of that development . Faxing development . Vaccine development . Several candidates in various stages of development, preclinical, a few getting ready within a few weeks. Probably hours will go at the end of august and the beginning of september into a phase one trial to determine if it is safe or induces the kind of response that you predict would be protective. That usually anticipates a couple of months. 2017 isnning of predicted that we would be able trialance into a efficacy to ask if the vaccine works. Does it protect people against zika . There
Bloombergs European Headquarters in london. Out of the eurozone. Looks like the economy lost some momentum in august. A geisha of private sector growth falling to the lowest evel since 20 from 53. 2. Tion below an earlier estimate of 53. 3 according to ihs markets, largely due to a weaker rate of expansion in germany, the regions largest economy. The report coming days ahead of the ecb holding its first policy meeting after summer break. Lets check in on markets. No trading today in u. S. Or canada because of the labor day holiday. Stocks rising. Getting a boost from the jobs report on friday which came in below expert nations. September rate hike. The pound index, bloomberg pound index rose last week for the third consecutive week. May. Winning stretch since down by a basis point, basis point range for the last seven weeks. That was the last time draghi spoke. Crude oil up. Will we get a deal this month . We asked of saudi arabia and russia . That is the big question. Lets get the blo