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
States right now in washington, fragile hopes for a stimulus deal remain Speaker Pelosi and secretary treasurer mnuchin are expected to talk this afternoon in hopes of getting a deal done. A full economic recovery has a long way to go and another expert said many lost jobs may not come back. All 11 s p sectors are lower 59 minutes to go we are making new session lows with the dow down 400 points. Lets get to the market downturn we just referenced. Mike santoli is tracking all of the action no trigger but a clear response. The only trigger that seems clear at all is the mark of 2 30 eastern time, when the downturn accelerated. It seems as if it is essentially kind of getting ahead of the close, peeling down exposure we did have that good rebound into last week from the late september lows we had some positioning indicators suggesting people were full up on equity there has been a pattern of strength overnight in equity futures opening up strong and selling throughout the day it seems li
Asiapacific benchmark. Jakarta coming online. Of 1 . F 6 10 u. S. Futures are flat and so are nifty futures. At thatbe looking downgrade of indias outlook to negative. The country at risk of falling into junk status. When it comes to some of these markets, singapore reopening phase two today. The peak p, is the biggest loser on the board. Elevated. Ocks are we are expecting that we could see some action from the pboc in the next coming days. Could we see it in the form of a triple are cut . The chinese bond market has stalled a bit. We are still seeing yields go lower today. Take a look at currencies first. The dollar set for a second week of gains right now. We are watching the pound really closely. The bank of england expanded by qe program. Renminbi is steady around 708. The rupiah, we are focusing on that. B. I. Cut rates yesterday. More easing to come. Trend is steepening getting tired right now. Businesses have fears of a second wave. U. S. 10 year is down to 70 basis points righ
Stalling, the origins of the coronavirus outbreak, this as the white house is still blaming beijing. Elon musk scoring a win in his battle with california really Alameda County getting green light to open alameda factory after orders to stay close. Futures are searching for direction. This after markets gave up early gains over concerns about a possible spike in coronavirus cases, that leading to a selloff yesterday. Uber looking to take over grubhub in possible all stock deal as food demand surges during lockdowns. More controversy in the Michael Flynn case, a federal judge delaying a decision on the Justice Departments move to drop the case against the former National Security adviser. One programming note, tomorrow, do not miss marias sitdown with President Donald Trump. Latest on getting america back to work, more stimulus, china, the 2020 race and a whole lot more, you dont want to miss any moment of it right here starting at 6 00 a. M. Eastern. Meantime mornings with maria is liv
World Health Organization warns the worst of the krona virus pandemic is still ahead will global infections down at more than 2500000. 00 with the death toll more than 175000. 00 w h o spokeswoman for delicate said all of a little evidence suggests the virus has an animal origin and is not a manipulated or constructed virus in the lab or somewhere else this comes after President Trumps recent comments on determining whether the virus originated from a lab in one china well meanwhile singapore announced its plan to extend the walk down by another 4 weeks the move comes after a sharp surge in coronavirus cases in just the latest days. We will implement these type of measures until the force of me. But we will not be able to completely lift the restrictions off of that and go back to business as usual. We will therefore extend this. For 4 more weeks beyond that for me in other words until the 1st of june. Then provided we have brought the community numbers down we can make further just an