Tested. This is promising news. The production says it proves that the production does not prove that it is effective but it is certainly a step forward. The final stage of the trial is scheduled to start july 27. This data coming out in the new england journal of medicine. It appears that moderna in the lead with its vaccine candidate, producing antibodies in all 45 of the patients tested. I mentioned we are standing by for President Trump. The press conference scheduled to start any moment now. We are told that the South China Sea and ongoing relations with china will be the focus along with potentially rising cases of covid19 across the country. Meantime, taking a look at how this impacted the markets. Volatility again the word of the day. I want to bring in abigail doolittle, who has been following all of this. Abigail volatility is certainly the word of the day and really the word of the last month. The s p 500 yesterday unable to take out its high after the februarymarch crash. S
The coronavirus marches on with u. S. Remaining in focus. Aussie prepares to meet with melbourne again under lockdown. The Health Care Sector sees his biggest deal this year. Siemens will pay more than 16 24 premium from fridays close. Shery lets get you a check of how markets are trading. We are seeing u. S. Futures addingng gains up. 1 , to that rally we saw on friday. Have seen the s p 500 rising for the fourth consecutive month. More positive sentiment over potential virus relief packages being released in the u. S. Not to mention the surge in tech shares. We had the nasdaq composite outperforming with Solid Earnings from tech giants. Apple, now the worlds most company valuable overtaking saudi aramco after posting other than expected results. Posting betterthanexpected results. See negativeo economic numbers out of the u. S. With secondquarter gdp seeing its sharpest contraction on record. Rating switching from negative to stable. Oil was under a little bit of pressure because of
Doing very well. I just left texas and biden came out against franken. That means texas is going to be one of the most unemployed states in our country. Oklahoma, north dakota, new mexico are going to be a disaster. Ohio, pennsylvania, a disaster. I want to have the results of the election. I dont want to be waiting around for weeks and months and literally, potentially, if you did it right, years. Because you will never know. These ballots are missing. You saw paterson, new jersey, many other instances. There is tremendous litigation on that now, and that does not include absentee. Absentee, you have to work and you have to send in for applications. For instance, i meant absentee voter because i cant be in florida, because im in washington. So i will be in absentee voter. We have a lot of absentee voters and it works, and we are in favor of absentee, but it is much different. In california, they are going to send out tens of liens of voting forms. Tens of millions of voting forms. We
Million, representing more than a quarter of all cases globally. I want to bring in our Bloomberg Markets reporter, who has been on top of all of this action. What did you notice today, with more record highs it is the usual suspects that continue to lead the way. A story of tech outperformance again. Boarde higher across the when it comes to major averages, but the outperformance came from the nasdaq. A record high. It was up by more than 1. 5 . I want to highlight that even though tech stocks and stocks wasdly were higher, so gold. It has been the highest since 2011. 1800 an ounce. That creates safer assets. The tone is not all risk on. The tech has been a safety trade. They are benefiting from a world staying at home. Todays session was the largest of the large that were leading the way. Apple, amazon, facebook, all contributing the most to todays rally and all four of them closing at record highs today. From a valuation perspective, how overvalued does the tech market look . We are
Red that is a quarter of global infections. California is reporting its biggest daily jump yet. Tech wins praise from washington. For their stance on user data in hong kong. Futures kicking off trading slightly higher by two tents of 1 . We have another tech rally. The rest of the market was more subdued. The nasdaq ended at a record high. The s p 500 saw many stocks down but we have gained enough to push it to a onemonth high. Megacaps pulling the gauge higher, despite the fact that the pandemic sensitive sectors Like Airlines sank. The dollar fell against the g10 peers. Look at oil. It is unchanged. Through the entire month, we have seen wti trading within a tight range of two dollars. It is still hanging around the fourmonth high. We got a report showing that stockpiles rose by more than 5 Million Barrels last week. Lets see how things are shaping up for the asian market. Midweek session , futures are mostly higher pointing to slight gains. Falling. Shares are like, we have aussie h