The formal application caps a period of speculation that this would be occurring. We are seeing pfizer in premarket rise nearly 2 , biontech down. 3 . Interesting to see how this is confirming what a lot of people have expected, but adding to the risk on feel that we are seeing in markets today. The sense we are going to move past this period that has been incredibly painful economically, as well as socially. Francine lets get the details from fan from sam fazeli from bloomberg intelligence. The news is out. How quickly can some of these clearances be given . Sam good morning, francine. Fdahe u. S. We have the meeting coming up on december 10. It is possible they move on that pretty quickly the next day or the day after. And then in europe, this is the combination of a process that started off sometime in early october where the companies have been filing their manufacturing , and there is no new data in the press release. So it is possible that we should get a European Response by bef
Welcome to squawk alley. The at Home Technology story continues to deliver big you can see there sonos up 26 this morning after strong earnings want to talk to the ceo in a minute and nvidia also delivered solid results on pc and Data Center Demand beating on both earnings and revenue. Sales up 57 from the same period last year though its lower this morning on modest guidance second biggest gainer on the s p 500 year to date though. Julia, its really interesting how, you know, stay at home stocks maybe suffering a bit but some of the Underlying Technology driving some of that action doing quite well well, jon, one stay at home stock that is not suffering today is roku. That stock up over 6 . Driven in part by the circulation of reports saying that roku could be near a deal with at t to have an agreement for hbo max to be included on roku which would be a big deal and speaking of hbo max, i have to mention that news that wonder woman 1984, the big wonder woman sequel that was scheduled
[silence] [inaudible conversations] [inaudible conversatis] [audible conversations] mike check. One, two, three,our. Mike check. [inaudible conversations] [inaudible conversations [inaudible conversations] a reporter with the wall street journal, it focuses on data and analyzing the numbers, the wall street journal yesterday, hundreds of companies that got stimulus aid has failed, ppp loans have filed for bankruptcy after the money ran out, thank you for joining us remind our viewers with the Paycheck Protection Program is. It was a form of stimulus the treasury in Small Business administration started Small Businesses april and they plan to forget the loans as long as the funds were used to fund payroll and other related expenses. How much money was left out and what businesses received the money . Is about 525 billion, i think. More than 5 million recipients of loans got some of the funds and it was all kinds of businesses, Small Businesses. Some larger business as well. The one that
Nikkei, last 30 minutes of trade. Final stretch of the morning session paid south korea is being dragged down. Currency markets. Sterling, cable, eurodollar, aussie, the sing dollar. 136 following this weeks mas decision and policy response. Fairly flat. We could see more action later tonight and into next week, when you have the likes of chinese gdp numbers coming out. Gyrations on the political scene, i would imagine. Lets go to your first word news and get you updated on the virus situation in europe with the u. K. And france facing tough virus restrictions as global infections are heading towards 40 million. Households indoors going under overnight curfew as they have a new wave of covid19. Daily infections hitting record in germany, italy, ireland, and spain. Reporting the most new cases since april. President trump is ramping up rift with Senior Republicans, saying he supports a bigger stimulus package. He is blaming democrats for delaying an agreement, but says he goes further t
Well see continued spread. There are 42 states where hospitalizations are rising, and arc is above one, meaning they have expanding epidemics. There is not going to be an intervention that really thwarts this short of the ability to get a vaccine, which is probably an event that happens late next year. Brennan you point out doctor i lost my sound. Brennan i can still hear it, dr. Gottlieb, but i think were working on being able to reestablish his aud. Audio. Can you hear me . Were going to work on fixing that, and come back to the conversation with dr. Gottlieb in a moment. Were going to turn now to another important conversation with the head of one of the 12banks that make up the Federal Reserve system. Thats Raphael Bostic who joins us from atlantic this morning. Good morning to you. Good morning, margaret. Brennan there was a front page story in the wall street journal just yesterday that pointed to the south, the area of the country you watch most carefully. And it said it has bee