Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
Rrupting. I would offer another threesome to characterizeyour remarks. Cont, comprehensive and compelling. This is i think the best 25 minute characterization of where we are at and where we must go. Next the Washington Post talking with congressman ilhan omar about the 20 20 election and progressive legislative goals for the congress. Live here on cspan2. The real America First agenda is one that puts people first. Did morning, im an opinion writer for the washinon post and welcome to Washington Post lies. It is also a live recording of my host opini podcast take up. My guess today was just reelected to her second term in the us house representatives. She is on was woman ilhan omar ominnesotas fifth congressional district. Thanks for coming on the podcast. Ts so great to be here with y jonathan. Sold last we talked itas yesterday, i asked you for ur reaction to being able to say the words pridentelect biden and your response to me was really interesting. You said and correct m i also
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at
Optimism toward a vaccine. On the other hand, bonds, we have this quiet rally. The 10 year yield firmly in this range. Bonds are pricing for the possibility of nearterm challenges around virus spread, oil stocks are looking ahead. It is not clear which side is right. Theres going to be some interesting activity ahead. David thank you so much to abigail doolittle. Fast congressional action helped bring the u. S. Economy back. Theome now one of those at center of the debate over future stimulus, republican congressman patrick mchenry. He is Ranking Member of the finance committee. As i say, i think most people agree, congress acted big and fast and help bring the economy back. Now we are seeing wobbly notes. Do we need more stimulus to avoid a double dip in the economy . Rep. Mchenry yeah, i think we do and i think the Federal Reserve agrees. Art of our country and segments of our economy are doing quite well. You have other segments, like the Restaurant Industry for instance, that are j