Squawk on the Street
Stocks Turn on Vaccine Hopes, Facebook’s Ad Boycott Response, United: Demand Flattening, FedEx on Pace For Its Best Day Ever
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Show notes
Carl Quintanilla, Jim Cramer & David Faber discuss the big swing in stocks after a Covid-19 vaccine from Pfizer and BioNTech shows positive results. Pfizer saying the vaccine was generally well-tolerated, though the experimental vaccine also caused fever in some patients, especially those who were in the 100 microgram group. More tough news for the airlines as United says demand is flattening. Reports Facebook CEO Zuckerberg has agreed to meet with organizers of the protests, that has resulted in major companies pulling their social media ads. Plus, shares of FedEx on pace for its best day ever after reporting earnings well above what the street had anticipated and revenue also beat. The company says its results were affected by Covid-19, but that it’s well positioned to benefit from reopenings across the globe.
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