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Soaring today. Meg tirrell with details. The bar was very high for moderna after pfizers efficacy last week. Mad earn moderna met the 94 percent efficacy and will seek the fda emergency authorization in the coming weeks. We just talked to the doctor who has been leading the vaccine and Drug Development as part of operation warp speed about the significance of this moment, really seeing two vaccines in a row at this high level of efficacy heres what he said. Its an extraordinary outcome, frankly, to have two different vaccines tested in different conditions by two Different Companies developed independently yield very similar outcomes this gives a huge confidence into the data obtained and really suggests that the 90 percent and more efficacy is true and real. But of course, melissa, as were getting this extremely good news it comes at a time in the pandemic when weve n ....
Via the coronavirus, and there is not much of the fed chair can say. Coronavirus is making all the decisions on the economy. Weakersales coming in than expected, actually the weakest since april. The High Frequency we have seen since then suggest the economy is slowing even further into november. The problem of course is there is no help from the fiscal side in washington, no talks about any additional covert relief package. Getting to the end of the year, most of the cares act expires. So people are looking to the fed, particularly people in the markets. They are looking at the yield curve, which has steepened slightly, still under 1 on the 10year, but there is a feeling that if the fed wanted to do something they could start buying at the longer and, changing the weighted average maturity of their purchases. If they did that, push down on Interest Rates. There is a feeling ....
For more than a millennial ancient egypt was on lost while all but forgotten the remains of this civilization build on the banks of the nile barrett beneath the desert sand. To this day many have yet to come to light but archaeologists continue to uncover more of the egypt of the pharaohs revealing a little more of its incredible history every day thanks to the latest Scientific Technology in physics genetics and computer imaging some riddles from the past and now being solved. One of the biggest mysteries of ancient egypt is the fate of queen after gigi whose name means the beautiful woman as calm as she was pharaoh i cannot in principle wife and some say mother of one of the most famous pharaohs pluton comoving mommy has never conclusively been found so the search for her has. Become a holy grail fight egyptologists and feeds the most contradictory theories. Of all if you felt out that this folly is actually a definite it ....
Mind lets go ahead and take a look at the state of the Global Economy and whats moving markets today with Todd Horowitz chief strategist at bubba trading and octavio c. E. O. Of optimists l. L. C. Thank you both for being here today octavia i want to start with you here i want to get your take on this Economic Data that we just talked about what do you make of this possible v. Shaped recovery in germany and with the rest of the eurozone facing inflation issues well off the e. C. B. As targets do you see the central bank injecting more stimulus to get things rolling. Well i think the projections coming from germany are new to the optimistic original the germans of being so minus the optimistic typically now their projections are predication quite a few things 1st of all theyre saying were not going to have further lock soun ....
Much better to be honest about it and you know both candidates have talked about being tough on china weve definitely seen president trumps track record in terms of the trade war weve heard yet it biden talk about the fact that he wished prohibit u. S. Companies from abetting repression wanted quote at supporting the chinese Surveillance States also talking about imposing economic sanctions on beijing and so these are this is something that definitely is in the air although right now i think coronavirus issue is on the top of the lets put it in your i mean yeah i think as i said i consider my introduction and its a lot of written rhetoric because the captains of industry in finance have done extremely well in their interactions with china over the last few decades i dont think they want to see that change one iota so im on the one hand i think its very rhetorical. And in the end it incites passions and emotions but i dont see ....