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Total request fast money copping yocop coming your way at the top of the hour tweet us all your burning questions. New guidance from the cdc on when we can expect a coronavirus vaccine. Meg terrell joins us with the developing details. This information comes in the form of a letter that dr. Robert redfield sent to governors we have confirms this letter and have a copy of it. He tells the governors that health and Human Services and the cdc are, quote, rapidly making preparations to implement large scale distributions of covid19 vaccines in the fall. He asks that as they make these preparations, that they consider waiving requirements that would prevent any facilities from becoming fully operational by november 1st my understanding of this from folks ive been talking with in the government is not that they are saying a vaccine will be ready by november 1st. Were showing you the enrollment progress in phase three trials for pfizer a ....
The dow falling as much as 600 points before turning around and briefly going positive only to end the day down. 5 the nasdaq led the losses. What a session, guy, following yesterdays big selloff. What do you make of the action, guy . Interesting mel and i text before the show she asked if this was an old tie or a new tie i pulled it out for this fridays show. What do i make of this i mentioned im looking for an open lower spend the rest of the day rallying into a long weekend. We sort of got that. The late day selloff concerned me a little bit. Theres a rotation in the financials and the fact that the vix which spiked above 38 closed lower on the day i think you have something to think about for both sides of the equation, both bulls and bears as we head into this long hollywood weekend. What i thought was interesting about the session and maybe this is a head scratcher, is that bonds are selling off throughout the session and remain lower we got the yields going up to. 72 on the teny ....
Is two parts to that last night i focused on the major averages are not representative of the broader economy. Something held true today with the dow and s p losing 4. 4 and nasdaq sinking 5. 7 after the dollar skyrocketed something we warned about because the fed made it confusing how much they will keep helping the economy. The stronger dollar isnt great but the incredible v shape rally in the stock market doesnt jive with reality in a world where we still have double digit unemployment tonight, though, we need to talk about the other part of the sentence the stock market doesnt reflect Current Conditions emphasis on the word current why . The market is a forecast machine across the ball and supposed to be appearing six to nine months in the future. Maybe the economy is in rough shape. Let say they reflect next february so what are the odds the economy will be in much better condition by then because some people would say st ....
Fed governor saying the fed is likely going to need to shift its Monetary Policy from a policy of stabilization to a policy of accommodation which means helping the economy achieve the level of growth that it has previously. Remaining low until certain Employment Outcomes are hit. A thick fog of uncertainty now surrounds the United States. She goes onto say the Downside Risk dominates the strength will depend on Additional Support along with Monetary Policy. She urges fed emergency facile tills to be as broadly accessible as possible perhaps a concern on her part that maybe some of the current facilities are not. Melissa. Does she sound much more ....
Connection, thats part of the chinese state. The United States is the number one largest for the economy and china is number two, and they are fighting each other, and therell be damage to global trading. Connell but trades only the tip of the iceberg. The real question is this are we in this together or going our separate ways . Chinas now in the hunt for new markets. You see that with things like belt anded road, part of an Economic Initiative to reach them into that billion market. Connell the next moves are crucial, and this is the challenge of china. Connell so for the United States to challenge presented by china is about much more than headlines generated during a trade war. Im Connell Mcshane. Over the next hour were going beyond tariffs to bring you a u ....