France threatens to get out of the rescue plan altogether. 11,000 jobs slashed, the german giant fights for survival. Welcome to the program. Looking at the futures, reflecting the way the european and u. S. Equity markets closed yesterday. Futures down in europe, mixed in the u. S. , reflecting what we saw yesterday were the u. S. Wobbled into the close at the end of the session. New york schools closing seems to be the factor. Breaking news, some commentary from astrazeneca in connection phasehase two, not the three news we have been waiting for. That is expected to come within weeks. This is more detail on the phase two data. They are confirming the vaccines immune response in older adults, that is crucial considering who is most vulnerable to the virus. The lancet is publishing the findings. A lot of stuff we have heard already from phase three trials more advanced than this from other drug companies. It has not been peerreviewed or in journals. We are getting the phase two study,
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
The gloom crew. They have been wrong, wrong, wrong. We will reassess. We start strong with james bevan in a moment. Francine we have a lot of Economic Data that could support the rally or not a little bit later. Consumptionat price and other things we need to watch out for. Lets get to first word news in new york city with ritika gupta. Joe biden ritika joe biden wants to change the slogan from America First to americas back. Restore u. S. Ties with International Organizations that President Trump spurned over the last four years. President trump heads to pennsylvania in his campaign to overturn Election Results there. He will meet with state republican lawmakers examining accusations of voting impropriety. Pennsylvania has already certified that joe biden won the election. Trump supporters complained that observers were not allowed to be close to virga two workers counting votes. U. S. Health officials are working on guidance to shorten the 14 day quarantine period if they are exposed
The open this morning we will get really close again to 30000 on the dow. Heres another positive in all the transition from trump to biden has begun and investors like it, the dow was up 1 , 300 points, s p up three quarters in the nasdaq up close to half a percentage point, lots of green this morning and theres this, john kerry is back, the climate envoy and will sit on the National Security council, not good news for Americas Energy independence. Kerry will try to take us back into the paris climate record, but here is a guy taking us to the future, elon musk, yesterday as tesla stock rallied musk gained 7 billion in one day, he is worth 128 billion in the last week he surpassed Mark Zuckerberg and bill gates to become the second richest in the world, jeff bezos remains firmly in the number one spot. On todays show lets celebrate thanksgiving, the timing on the restrictions but resistance is growing, scott shalit he will join us from arizona hes part of the great exodus and will take
Thrilled you are with us on Bloomberg Radio and bloomberg television. It was not the surprise of moderna on the ratios. It was the surprise of how well they are able to get the vaccine out. That lifts markets up. Is a correlated left pop it is a correlated lift. Jonathan maybe the message is dont bet against human ingenuity. Keep the faith and the science. Last week it was pfizer. This morning, moderna. The efficacy rate, 94. 5 . It is where the rally is that gets peoples attention. It is not the big cap tech. The story that rolls up his smallcap america, and the International Value story as well. That is the great debate of this very moment, the shortterm problems, the issues across america, and the longterm hope that we get that texting. Tom lisa, what do we see we get in the vaccine. Tom lisa, what do we see in fixed income . We are not at the full faith and credit of november 9, but what do we see in ig and highyield, as we see yield up, price down . Lisa yield up with full facing