Facebook, netflix all turning positive we are up 3 4 sorry, 2 3 on s p. Another higher day, certainly off session highs. Coming up on todays show. Great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. Early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft hes going to join us to explain. Speaking of the pandemic, new Jersey Governor Phil Murphy will join us to discuss his states path forward, whether hes prepared for what the fall will bring in the northeast. Lets focus on two key stories meg tirrell with modernas vaccine news and Big Bank Earnings certainly better with Goldman Sachs. Meg, start us off with moderna. Hey, sara the full phase one trial results from the Covid Vaccine published last night in the new england journal of medicine. This was 45 in the trial we got a glimpse of 8 out of 45 on important key data. These were healthy adults who received two vaccines a month apart. Everyone generated a
It was followed by 1. 4 . In august, economist were looking at that to come in at. 5 . Another sign economy may be slowing. Lets check on the s p 500. It has been off one half of a percent. That number should be. 3 right now. The data is moving as it should be on this board. At 172,d on the 10 year receiving a selloff globally with japan. Td ameritrade is Office Market cap. Charles schwab has eliminated fees in a surprise announcement on stocks online. Etf Trading Online, options cost if he Trading Online has competitors down big. E trade is down 20 . Credit suisse says the competitors are hugely exposed to fees and schwab is a racing fees. Erasing fees and apple is up 1. 7 today. It had been lower in the premarket. Apple is not getting a buy when it comes to terrys. Comes to tariffs. Guy this is what has been happening with japanese pricing over the last month. Higher in yield overnight. There was a bad option in japan of the 10 year yield. Howpension is reclassifying aspects can be a
Chipotle is up 3. 5 today. Expect other restaurants to do well. The initiation includes stocks like starbucks. 500 is still down a quarter of 1 . We are getting some diverse action among the major indices with the now stack nasdaq and dow almost down 1 . Lets get to our top story. Lets start with the Central Banks. A massive week for Central Banks. Overseeing the fed is at the nickel of that mountain pinnacle of that mountain. Do you think that this 25 consensus is setting us up for a surprise later this week . It sounds slightly contradictory. We have 25 priced in. If we get to five, do equities fall on the back of that . Is that an opportunity . If we get 50, does it go up . I am wondering what the opportunity for the pale risk scenarios are. It is fascinating. Here is the first stop of a rate cutting cycle we have had since september of 2007. It is very unusual and a rare event. The market prices it to be a rate cutting cycle. The market is pricing 100 basis points out of the next 1
A mix of snow, sleet and flooding hitting a large swath of the northwest and now the great lakes to the Southern Plains could be blanketed by the storm. More in just a bit. A shortened trading week on wall street today. The closing bell is set to ring at 1 00 eastern time today. Dow futures up by 30 points. S p futures up by just over 4 points and the nasdaq is up by 20. Beyond retail theres other stories this morning. Russia looking to retaliate against turkey. Moscow plans to cut economic ties and cancel major investment projects. More from our colleague in russia in about 20 minutes. The e. Coli outbreak has been traced to a tainted celery and onion mix used in it. And a lawsuit raising all kinds of questions about media mogul sumner redstone. Hes described as mentally vacant and prone to uncontrollable crying spells. The woman was chose on the make Health Care Decisions for him if he was not able to until the billionaire removed her in a new agreement in october. Member through a H
Highest point nearly two and a half years. One strategist says that yields will keep rising if theres no rescue for the debt ridden country. European officials want tougher Economic Reforms before they will send a lot money. Is the worst day for greek bonds since the election victory by the leftwing party. The finance minister says that europe must be patient with a new administration. Will we are asking us what we are asking is for the sensible principle that we are a new government. We need to come to terms with our partners on larger forms that need to be institute tomorrow which we can do because you have Common Ground on this. Betty greece is facing payments of more than a billion dollars next month. It is a rare agreement between Congressional Republicans and president obama. Lawmakers finally have a copper on the sweeping trade policy. It would let the president goahead on a proposed partnership with 11 pacific nations. It is backed by republicans, but not the president s own pa