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MarketFoolery

The Vaccine

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 9 November 2020

⏱️ 25 minutes

🧾️ Download transcript

Summary

Promising results from a Covid-19 vaccine in late-stage trials sends the S&P 500 to an all-time high. Bill Barker analyzes the rise of entire categories of stocks (airlines, travel, hotels, cruise lines, etc.) as well as the fall of some “stay-at-home” businesses like Zoom Video and Peloton. We also discuss the latest results from McDonald’s and Berkshire-Hathaway. (Tangents include plant-based burgers, the passing of Alex Trebek, and SNL’s version of “Celebrity Jeopardy”.)

Transcript

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0:00.0

It's Monday, November 9th.

0:04.0

Welcome to Market Foolery.

0:05.0

I'm Chris Hill with me today.

0:07.0

Mr. Bill Barker.

0:08.0

Thanks for being here.

0:09.0

Thanks for having me.

0:11.0

It is a big day in the market.

0:12.8

It was, you know, it was already looking good Sunday night.

0:15.8

The Dow futures were up on the news that in case you missed it,

0:21.3

while votes are still being counted, Joe Biden will become the 46th

0:25.8

President of the United States.

0:28.1

And that was Sunday night.

0:29.5

Things were looking good.

0:30.7

And this morning we get the news that Pfizer's COVID-19 vaccine, which is in phase three trials,

0:38.0

is more than 90% effective in participants who were not previously infected and I suppose this

0:48.1

should be expected that news has set off all kinds of ripple effects across the market.

0:53.7

The S&P 500 hitting a new high this morning.

0:57.4

Airline stocks, hotel and travel stocks,

1:00.3

cruise lines, theme parks, all up more than 10%.

1:04.0

We're gonna get to the stay at home stocks in a minute.

1:07.6

But what do you see?

1:10.7

Like what goes through your mind when you see all of these

...

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