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Seeing a lot of treatment claims. Getting the streets attention. This company appeared virtually out of nowhere. Progress to likes of regeneron, becton dickinson, benefiting from the 1. 6 billion u. S. Government commitment. You have makings of something down the pike that could treat the virus, maybe as soon as the end of this year, in the case of some of these phase 3 advanced trials, maybe as soon as the fall of this year. But being coast to coast were all over the place on all these other developments including out in california where they are extending shutdown provisions now expanding to include virtually all businesses, indoor dining, barbershops, salons, tattoo parlors, you name it. Also focusing on whats going on in florida right now a big spike in cases but as stuart was just telling you some confusion about how many of those cases are indeed positive. Weve got the the latest going on in texas, where the spike in cases is so severe theyre looking at crowded hospital beds. Ree ....
That trend remains the empire states trend. Never mind deaths and overall cases are stubbornly high. The trend is the improvement. We were up a lot on major market averages. As you heard from stuart, the nasdaq now in positive territory for the year. Dow jones industrials, s p 500, sprinting ahead, with the dow down 50 on the year. Really recouped losses. Nasdaq over 9,000. That is startling development as technology continues to be own a tear. It got a little bit of extra spring in the test with news out of new york that hospitalizations are continuing a favorable trend. For more on that, David Lee Miller in new york, with the latest what is happening there. David lee . Reporter hi, neil, in the words ever the governor were now on the other side of the mountain but he said it is a slow decline. As you so rightly point out the number of covidrelated hospitalizations are down. The latest daily death toll in new york state, now 23 ....
Thats what you see going on today, issues that are taken on are the likes of boeing and disney and exxon mobil with oil week and oil related issues and services are taking on as well. Earlier on i told you in the week whats happening in the front and of the socalled yield curve when one in three month bills were returning negative rates, if you want to park your money at a bank in a negative rate environment, your to pay the bank for the privilege of hanging on tour your dough, that is no longer the phenomenon right now as yields have turned positive on the shorterterm security. There was a flipside to the argument and theres less then a reason to move over to stocks. If there are no more negative, they are very, very low, they are extremely low but bottom line they are better than where they were. Lets get to read from hilary vaughn, the relief package coming from the house of representatives. They had some yelling and screaming going into this but their intense abating about in a pas ....
Neil would take a little more than 2 to get to 30,000. It would take 9 to get to 32,000, Peter Navarro, among others saying that is in the equation. A lot depends on key developments. The president is en route to davos, switzerland, but the backdrop of the impeachment trial tomorrow. Blake burman is looking at Administration Legal response to all of this, how it will position itself in the senate. He joins us in the white house. Sir . Reporter neil, if they havent done so already the Trump Legal Team represents the president in the impeachment hearing will file a legal brief today, giving a more fulsome approach, fulsome take as it was described earlier today of the president s Legal Defense heading into the impeachment trial. As you know, the legal team laid ....
That all seems to have stablized. Neil think about this, jpmorgan put together a year most successful for any bank ever in history. Any bank ever in history. Fox news contributor john layfield. Point view Wealth Management president , david dietze. Welcome to both of you. It is a split verdict. Wells fargo had other problems that disappointed the street. By and large were expecting financials to lead the way. They have done that. David, is it your sense that, you know, wells fargo is more an outlyer here . Absolutely. Wells fargo had to put aside billions for legal and regulatory issues. Theyre still trying to climb back out of the fake account scandal. That really pulled down the results dramatically. Of course theyre having to deal with some client defections and so forth as people lost a little bit of confidence in the bank. Jpmorgan, citigroup doesnt have the problems and they knocked the cover off the ball in q4. Neil how ....