Root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies have to close up. Cities and sta
Levisohn, carlton english and al root. So, ben, the market started off the week fairly happy about some comments by Jerome Powell, about this possibly great news from no no moderna on a vaccine to, and it managed to stay resilient through the week. Yeah, it really was. The news on some fronts wasnt great. Economic data was bad, new tension with china. But then you look at this other stuff, you have the vaccine from moderna, the data was from a very small subset, but it does look like vaccine is working. At least in this small group of people. Its going to take a long time, but it sends the message that the science out there to at some point get a vaccine, get more treatment, get the coronavirus under control. Were also seeing reopenings of economies across the country. New york is supposed to open in june now, connecticut is going to do some reopening this weekend with restaurants, and its a big thing. And even where there have been some hiccups along the way, were not seeing economies
Phase two trial of its vaccine candidate. Where do you want to begin beginning of june, theyre talking about phase three. I love the confidence. There was a time where if you did that, the fda would really call you out say basically, how dare you plan phase three . You have to get phase two done this is a sign once again that the level of fda meaning business is extraordinary. The time that it takes to do these things is being at a level that no one has ever seen. Remember, mumps, the longest to fruition, four years this thing is happening so rapidly, and theyre talking about scaling if its good so theres reasons for optimism. I know moderna i was the first to interview them these guys are scientists. All right, and theyre using Amazon Web Services to basically, if you want to look at like what a bank robber would do, you have to keep turning until you get the right combo. Thats what Amazon Web Services does for those so david will love this, an algorithmic play, and maybe thats the wa
Nasdaq futures higher by 310 after even worse than expected jobs number led to selloff on friday. We showed you the numbers friday, dow, nasdaq and s p 500 in the red for the week. Take a look. Markets were down 2 overall on each of the major indices on the week. Oil prices this morning falling after the opec meeting which was to include russia was actually delayed. It was supposed to be a Virtual Meeting happening. It was scheduled to take place today. We are waiting on any news in terms of where the meeting stands with crude at 27. 40 a barrel. Later this Morning Energy secretary dan briet will join me and take on war between saudi arabia and russia. Uk Prime Minister Boris Johnson has been hospitalized due to coronavirus, we will get the latest on Prime Minister johnson coming up this morning. We are answering your financial questions this morning. Later what you need to know about your 401 k during this crisis. Mornings with maria is live right now. Maria lets check Global Markets
Over 5 . The nasdaq up 367 points as well the russell 2000 small cap outpacing all of its large cap cousins. Now at a level of 1,121. Lets go through our investment economy so far today well start with shannon at bost bost boston private wealth. What has you excited about todays price action its a considerable green day so far. I think this is a response to what happened last week. We saw really a great week in the markets and then last week we traded in sort of this sideways range i think we mentioned on fridays show that the most important data points would be from the virus. Thats not necessarily because its the only data point in time if you think about this week, we have a couple of Economic Data releases were prior to earning season. Thats a bit of a vacuum or void in news right now. This positive news we received over the course of the week about the stemming of the virus as far as infections, icu, hospitalizations, all of that lends it to some stronger sentiment. I think we wil