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We will talk to him about what is ahead for 2020. He is the amazon executive who resigned over what he called vein of toxicity running through company culture. Those stories in a moment but first, tech earnings trickling out today. Abigail doolittle is with us. Abigail there was some action later in the day. Another sleepy day for much of the day for stocks. Record highs for the s p 500 and the nasdaq. News came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. When the headline came out, it read very bearish. Stocks initially took a leg lower. The s p 500 going down three tens of 1 . A decent intraday move. The s p 500 finishing down for the first time in three days. The nasdaq, however, managing to keep a small gain and a record high on the date. Pfizer really slipped, 1. 7 . The barclays bond etf up 8 10 of 1 . Tones of riskoff, uncertainty around the pfizer news. Pretty interesting, ....
Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we ....
We are watching this closely as it continues to move through. Its good to see the rain returning. Well track whats ahead as we go into the rest of the afternoon. The chilly air settles in. More on that coming up in a few minutes. Mike, this is having a big impact on the morning commute. It is, kari. A word of caution, leave with plenty of time and the rain and karis green will show up as green on ours a few minutes afterwards. They say its 95 effective. Pfizer adds the vaccine is effective for older people and has no serious side effects. The Company Expects to make 50 million dose this is year and more than 1 billion doses by the end of 2021. Pfizer said it was 90 effective and then on monday moderna said nearly 95 effective. Pfizers vaccine does need to be stored in extremely cold temperatures. Now this Morning Live Team coverage on all the covid19 developments overnigh ....
Dip. Today in the bay starts right now. A very good monday morning. Thank you for joining us. Im laura garcia. And im marcus washington. Mike is keeping an eye on the roads we have around the bay area. First, lets get a look at the weather today with meteorologist kari hall. It is cold outside. Yeah. Were going to see more of these cold mornings over the next several days. It does warm up and shapes up to be a nice day with all of that sunshine. Were still looking at some dry weather and some gusty winds. I dont have to change this bottom line. Still no rain in the forecast through the rest of the week. As we start out the door this morning, were seeing some spots dipping below freezing. Well be watching those numbers go down even further. Well talk more about that in a few minutes. Mike, how is it looking getting out the door for the Early Morning commute . Kari, im trying not to play favorites but all of the roadways look good ex ....
One of your last San Francisco exits. The left lanes are still blocked. Chp trying to get a crew to run the traffic break so they can clear that big rig from the roadway. Wet roadways continue like san leandro. A crash south 880 in the middle lanes. Were watching that and the green highlighting showing damp roadways. Be careful. It is slick out there. Back to you, laura. Thank you very much. Breaking news from pfizer on this Covid Vaccine. They plan to submit vaccine for approval within days and just finished phase three testing and is said to be 95 effective. Pfizer adds effective for older people and has no serious side effects. The Company Expects to make 50 million dose this is year and more than 1 billion by the end of 2021. Last week pfizer initially said its vaccine was 90 effective. On monday moderna said its vacc ....