About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector all up Consumer Staples all up on the day. Pretty good day overall here as for mega caps, completely day than yesterday amazon is having the best day in a month. Apple was 125 a few weeks ago. All these stocks are well off their highs, although bouncing today. One of the things thats very clear is the play for cyclicals that weve seen. This is a pretty substantial rally. So were getting some new highs today, highs, 52week highs, in freeport, mcmoran, johnson control, carrier global, the heating and ventilation and air Conditioning Company these are all 52 week hig 552 week hi week highs this is two days im talking about here for zions these are the big super regional numbers overall here peloton, thursday theyre going to be reporting. Theyre selling it going into the earnings this is whats happening with a lot of these names because theyve sold on the news now theyre trying to even get ahead of that. We see sky works down on very good earnings news as well again, peloton thursday. Guys, back to you. All right, bob, thank you bob pisani watching the markets for us today is the last day of voting in an election that has seen already 100 million votes cast we have been tracking six key states the race is still close in all six. Ylan mui is here with those details. Our pollly voters show bide does still hold the lead from 50 to 46 . Biden is ahead in each of our swing states and has been showing steady strength across the rust belt, wisconsin, michigan, pennsylvania and in fact his poll numbers improved slightly in the keefestoystone e over the weekend in arizona biden is still up by 3 points but his lead was double that when we did the same survey two weeks ago. In florida biden had been you 5 points now its just 3. And he has the narrowest margin in north carolina, where hes polling at 49 compared to 47 for President Donald Trump, just outside our margin of error. Whats interesting is the divide for why they support one over another. The overriding majority of biden voters its the coronavirus and for trump voters, its the economy. People have been casting their ballots for weeks. So we almost need to know what was the States Survey when a particular ballot was cast, not just what it said today. Weve been seeing democrats have been voting early in larger numbers than republicans that could throw off some of the votes we could see going through this evening are we going to see poll results come out with more republicans turning you on the day of the election versus democrats who all right voted prior . That is all heading up to the muddy picture in the waning hours of this evening and even over the next few days ylan, thank you ty the dow having its best day since june as america prepares to get the results of the election tonight, we hope. So what is the Market Pricing in with us is chief global strategist you say your view is a quick and clear resolution should see the market rally strongly from current levels weve had two days of strong market rallies does that tell you that the market is pricing in an early, swift resolution of the election no. Hi, tyler. I dont think you dont want to take too much away from whats happening in the market yesterday and today. I would keep in mind basically the markets had some time to prepare for the election and if you look at the last really four months, you could argue that the markets are sideways over a pretty big range and sort of trying to go back into the middle of the range. Im not sure that the market is speaking that loudly that, you know, its made up its mind. So the past two days do not suggest to you that the market assumes a swift resolution, but then the question becomes what, if anything, do the past two days signify you know, over the last three months, what weve seen it Market Sentiment about the election and whether its going to be contested and close or, you know, its very, very clear, its basically fluctuated massively. I would say we have sort of, you know, in the middle of the third wave of repricing. But if you look at, you know, you take a point in the past where, you know, it seems very, very clear what the sentiment and the baseline view was that, you know, we were going to get a blue sweep, and you compare the market today to where it was then, i would argue, you know, we should if we get the baseline view and we get a quick and clear resolution, you know, you should see a rally as that uncertainty comes out. But were talking about, you know, 3 i mean, keep in mind typical postelection rally when the uncertainty clears, its worth about 6 over six weeks. So if youve done half, youve got about half left. So i find it very interesting that when bob pisani was going through his report and i assume you heard it, he was talking about the move into cyclicals like freeport, johnson controls, cummi cummins, carrier, illinois tools, and the banks in your note you say what youre doing now is going long the deep cyclicals and the banks and the reopening plays and we just showed a chart of some of those very reopening plays, all of them up strongly today, the hotels, the cruise lines and some the airlines. So bang on tell me why. So, you know, theres really two things going on here and perhaps, you know, a point of background, i think its important to keep in mind if you look at the equity markets and how theyve behaved through the covid recession and then the recovery, i would say the market or the index level what the equity market has done is very, very typical for a recession but if you look one level lower and within, what you see it this, you know, very, very strong contradiction in the sense that if the market was really pricey in the cyclical recovery, it wouldnt be led by the pandemic plays and here would i include the mega cap Growth Stocks and technology and wouldnt be led by the defensivingdefensiv defensiv defensives, it would be led by the cyclical sector. If you take the stance that an economic recovery is happening and is going to continue happening and at some point there will be a vaccine, you know, from a logical point of view, it makes absolute sense to be long. The list of things that you mentioned and that we have recommended basically being long, number one number two, the relative performance that we just talked about, you know, is telling you basically how the market is positioned and i would, you know, also highlight that besides the election, we are in earnings season and if you look back at last earnings season, given how investors are positioned, when weve been getting these enormous 18 and 23 beats in the last two earnings seasons, you know, the Biggest Surprise is of course coming in the cyclical sectors and thats where everybody is positioned underweight so you have a come bin bination things at play but the bottom line is the recovery is happening, there will be reopening, you want to be long cyclical sectors, positioning supports you, earnings are supportive, theres a buffer in forward estimates for the slowdown that we get from the virus cases. So, you know, our stance remains the same binky, thank you so much for your time and interest today binky chadha, deutsche bank. Investors and tax policy, the future of the fed. Lets bring if our panel to weigh in with us Christopher Smart is chief global strategist and head of bearings institute and libby cantril is manager of pimco. Many people are saying that the most important person in this election is jerome powell. Hes been the most important person in this crisis when the fed pulled out its play book and delivered a strong signal they were going to make sure markets were stable, make sure there was plenty of liquidity in the system and that message has only grown strong are over time i think that may be the most important piece of the puzzle in terms of looking at next year and that looks unlikely to change although at the same time, chris, its interesting to watch the Market Action the last few weeks to see bond yields moving up as investors are apparently sniffing out the prospect of a biden win, maybe even a blue wave does that tell you the limits of what the fed can do here or why wouldnt Interest Rates be so sensitive to this outcome and the prospect for a large stimulus package i think investors are looking for the fiscal leg to finally kick in. Weve been waiting since july arguably for a deal to be done i think for all of the uncertainty around this election, its kind of weird, frankly, to see polls that are quite clear about the outcome and markets still very uncertain for some understandable reasons, but i think even if you look through the possibility for some delays in results, for some contested results, in either outcome you will have a president who will be pushing for more stimulus and a congress more or less ready to provide it there are different ways where you can count on a bigger package or a smaller package if you have a Republican Senate and democratic senate, that sets you up for a slightly smaller package, but overwhelmingly this is a market and economy driven by covid and those numbers have been getting worse and i think that leads you to believe that we will be getting that package at least by january or february if not sooner. Libby, i want to pick up on that and ask you, is there any chance you think we could get a covid package during the lame duck session, especially as the outbreak worsens good afternoon, kelly i really think that in terms of the potential of a covid relief package and lame duck, it really depends on the election results. If we get a status quo election, President Donald Trump gets reelected and the composition of Congress Says the same, then, yes, there is a good chance we could see some movement in the lame duck session. If, however, we get joe biden to win to win the white house and then we have a democratic sweep and it is very likely that we wont see action until january. So very sort of dependent on the election outcome if joe biden wins, probably we wont see that until that come january or february time frame that was a very suave silencing of the phone om im impressed. What are the the odds we get some sort of stimulus factor weve talked about the fed, about the stimulus package tax policy would be the next thing that looms but would that still be a ways away, do you think . I think a major tax package is going to wait until the new congress is settled and up and running and the committees get their legislate of pens to work. We will certainly get the package thats been on the taebl f table for the last few months, that ought to get passed pretty quickly again, what will drive a lot of that is the news around covid cases, covid mortality restrictions coming in in certain jurisdictions and, importantly, by the way, weve got a big jobs number coming out on friday. To the extent at that that number doesnt go down as expected in the 7. 5 range, that i think is going to drive all the more eagerness to get some money out the door libby, what are you telling people about tax policy . I think if democrats were to take back washington, their priorities would be covid relief and health care. And then likely they will move their focus to an infrastructure bill and potentially pay for some of that with some tax increases but we really think that a tax bill is really a 2022 story. Even if tax changes are passed in 2021, they will unretroactive meaning they will not hurt or impact the economy n 2022. We believe a focus of democratic washington will be trying to get the economy on firm footing and then trying to figure out how to pay for it but, again, probably more of a 2022 story than a 2021 story all right lib libby, thank you thank you both for coming on today. Right now it is industrials and financials leading the charge and you see the one laggard out of 11 sectors. And swing state voters give lta a ee. Donald trump thedg wel ke closer look at whats driving the trends. More power lunch coming at you. Welcome back, everybody, to power lunch. As always in a president ial election, the economy is the most important issue to the most of people. But this year covid is also top of mind, coming in second in our states of play poll. Weve got reporters in the key swing states looking at the impact covid is having on the economy, and on the vote Frank Holland is in pennsylvania but we begin with phil lebeau in wisconsin. Phil tyler, were outside a polling site on the east side of milwaukee. It has slowed down a little bit. There are long lines earlier today. You mentioned the economy and how important it is. We did a state to play survey. We have been asking people consistently who will do a better job of getting people back to work, of handling the economy. And when you look at the survey results, the most recent one, joe biden and the democrats, 53 say the respondents. Donald trump, the republicans, 47 and the people that weve talked with here equally divided. I think the economy is doing well if you consider stock markets the economy, but i dont. I dont think that the economy is doing very well when i look at the rate of joblessness and the difficulty in finding a new position for many people right now. We have affected the economy to the extent that were harming people a lot of my friends have lost their businesses and i dont understand the reason for it of course when youre talking about the economy here in wisconsin, keep in mind that covid19 has surged, Positivity Rate topping 30 and that is front and center along with the economy for many voters. The pandemic pointed out a big problem in how we support our schools. We werent in wisconsin we werent supporting our schools anywhere nearly at the level they should be supported covid19 has impacted my decision in job loss we went from a robust economy, robust employment to almost record unemployment in a very short period of time reporter one last thing to keep in mind when you look at wisconsin, 51 of registered voters voted early they either did it early standing in line at a ballot site or they did absentee ballots. Were over at the central count facility in milwaukee where theyre counting the ballots already. Well be back there later on guys, back to you. Milwaukee one of the keefe cou key counties to watch tonight. We want to check in with Frank Holland. Hes in pennsylvania reporter were outoutsiside polling place in bucks county, a suburb where the covid19 cases are rising as covid19 continues to be a central issue in this election, joe biden has a fourpoint lead in the state of pennsylvania according to the latest data from our n b cnbc states of play poll this states mortality rate is higher that be the national average. When you look at the four suburbs, bucks kind, chester, delaware and montgomery county, all of them have a mortality rate even higher than the state average. A lot of people think you need to win the suburban women in the county to win the state. 68 of pennsylvania voters say they have serious covid19 concerns and that is declining from 90 back in april, even as we experience what appears to be a second wave. 50 of p. A. Voters do not approve of the president s handling of the pandemic 53 believe if joe biden is elected, he and democrats will do a better job handling this pandemic back over to you and, frank, the big question in pennsylvania is how long it will take to count all of the votes. What are you hearing on that front . Kelly, thats certainly an issue. Ive heard from a lot of voters they came to the polling place earlier today. There was a long line wrapped around this corner behind my cameraman, andy. A lot of people saying they didnt trust the mail, they didnt feel confident, they wanted to come in person the governor releasing a psa telling everybody youre going to have to be patient. The state has up until november 6th to collect votes as long as theyre received by november 6th sevencounties wont even start countingmailin ballots. Its a patchwork of issues that will create delays in pennsylvania phil, in that hot spot of covid, wisconsin, do you think it has affected the turnout, the live turnout markedly . Can you tell reporter today it hasnt i mean, everybodys wearing a mask, were wearing a mask even though some people are not anywhere close to you, theyre wearing a mask as well im not sure its affecting turnout today. I think the reason we may see some of these polling locations a little less busy than you might expect four or eight years ago is because so many people have voted in advance. So you look at all of that together i dont think covid has driven people to say im not going to go and vote today. Interesting that is really the mailin or the early voting that has, if anything, kept the turnout down. Gentlemen, thank you very. We appreciate it, frank and phil defense stocks on track for their best weeks since august. The election could add to the gains. Well explain. Plus it is a makeorbreak moment for twitter and facebook. Are they up to the challenge to stop the spread of misiorti whonfmaonitut overregulating more power lunch after this. Before money, people traded goods. Tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. See yourself. Welcome back to the mirror. And know youre not alone. Because this. Come on jesse, one more . Is a reflection of an unstoppable community. In the mirror. Welcome back to power lunch. Im seema mody the outcome of the u. S. Election could have a big impact on one area of the market, the Defense Sector the Aerospace Defense outpacing the s p 500 in the early years of the Trump Administration while faltering since the pandemic Vice President joe biden is vowing to make cuts to the defense budget, he said trumps professional has abandoned all fiscal discipline. Lets discuss it with paul gordon and mark tepper mark, within defense, where will you be placing your bets there was reports a biden presidency would prioritize advanced technology, hyper sonic and soler over solar jets. I agree with that no matter who win, we still need to protect our country theres no doubt the new age of warfare is more digital, more cyber attacks, less tanks and aircraft carriers. I think the government gets more bank for its buck when it actually invests in Technology Rather than a piece of equipment. Yes, investors are concerned a Biden Victory would lead to less defense spending and that might be the case for traditional defense spending but i dont think the dollars come away from Defense Modernization efforts like cyber security, surveillance, intelligence thats where id want to be no matter who wins the white house. A company we own, leidos, that he provide analytics for defense purposes this is an Interesting Company 50 of the company is defense. The other 50 is civil and health care. The Health Care Division has been a drag because of covid thats going to snap back next year its 30 off its alltime highs. I think theres a good entry point here performance stocks this week, would you tie that to the election or earnings well, i think we have to keep in mind that we certainly have seen the xli industrials as a sector rotate in but it hasnt been so much in recent months as defense. I think as mark said, we have to consider echnology, but i thin we have to look up in terms of space with space force i think elons venture into space was a demonstration the private sector can work with nasa nasa is investing in this. Their budget is up 12 from the year theres two companies, lockheed and boeing that have a joint venture. Theres a rocket that carries in orbit. Lockheed has to hold 350 support, must break up the 380 resistance trading for 13 projected earnings maybe a longer term hold todd and mark, thank you. For more trading nation, follow us on twitter. Seema, thank you very, very much coming up, dow is up 530 points, we were up about 688 at the highs. And were watching a giant problem today. Alibabas shares tumbled 8 . Well dig into all of it when power lunch returns. Unlike regular buy stocks, buy stop limits turn into limit orders when the stock is triggered. Thus if a stock closes below the price one day and opens far above the limb tit price, a trar will not buy the stock for as little as 5, now anyone can own companies in the s p 500, even if their shares cost more. At 5 a slice, you could own Ten Companies for 50 instead of paying thousands. All Commission Free online. Schwab stock slices an easy way to start investing or to give the gift of stock ownership. Schwab. Own your tomorrow. Schwab. Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Welcome back, everyone im sue herera so far so good with voting well under way around the country, a senior federal official responsible for protecting against hackers says it looks like any other election day and its, quote, even just another tuesday, end quote nbc news says there have been no reports of attempts to intimidate voters at the polls a federal judge ordered the Postal Services to go through if a sits in several states to make sure there are no ballots that have been held up and immediately send any they find out for delivery john elway, the general manager of the Denver Broncos has tested positive for covid19 along with Team President joe ellis. They are said to be doing well with only minor symptoms and havent had any recent contact with players or coaches. And the university of wisconsin has cancelled its second straight Football Game with a new total of 27 active cases among players and staff. More cancellations could prevent the tenthranked team from competing for the big ten title. Well keep you posted on that. Youre up to date, kel back to you. And they only just got started. Exactly thank you very much, sue herera were off the highs but stil a still seeing a pretty nice rally. The russells are up 2. 5 it a pretty broad based rally with almost every sector and even most of the stocks in the dow 30 positive. The oil market is closing for the day. Eric reporter kelly, thats right. Oil prices moving higher today, continuing the rebound off of yesterdays fivemonth lows. Reuters is reporting that opec and russia are studying Deeper Oil Production Cuts to address weaker oil markets traders also say the Energy Complex is bracing for election volatility meanwhile oil stocks are weighing on the broad are market the Energy Sector is the only one in the s p 500 that is down today. Among the worst in that group are he ss, contra resources and conoco phillips. Is it, as James Carville once said, the economy, stupid . Roughly half say the economy is excellent or good and roughly half say its not. Joining us is politicos chief economic correspondent ben white. Good to have you with us it is interesting that as many people think the economy is good or more do, than think its not good surprising a little bit, yeah. Thats particularly true in these critical swing states, tyler. Whats so interesting to me about this election is that joe biden has this very Large National lead, Something Like ten points and could run up a very large popular vote win and still it could come down to the wire in some of these battleground state like pennsylvania, wisconsin, michigan, partly because voters are still split on the economy nationally trumps numbers are not as good on the kmeconomy bu hes still hanging in on the upper midwest states and that gives him a shot to pull off another surprising win tonight. The fact the numbers are tight in the swing states means there could be a big disconnect. Getting people back to work top issues facing the country, the economy once again, not covid. They tend to be hand in hand on this thing. True. Theyre not really separate issues covid dictates how good the economy could be they tend to be neck and neck. Im not sure to the tex teextent people separate issues Everyone Wants their family and themselves to be healthy and they also connecticut covid to the economy. They had a pretty good rebound and fell back as the second and third waves came i dont see these as totally separated and they are obviously both high on voters minds in this election and will determine the outcome. Current state of the job market very close been excellent good and poor not so good it almost sound like were a divided nation, which is how it tends to wind up in these elections. I think again here we lost 22 million jobs in the wake of the covid epidemic and the shutdowns. We got about half of them back, 11 million or so but the rate of job creation has slowed, the economy has slowed up a little bit in the last couple of months as stimulus wore out and fell out of the system i think people are concerned about that but again, it is pretty evenly split in these battleground states, which is why trump still has a chance to win this thing despite in National Scales he tails by 10 the Electoral College was designed to and currently does protect the interest of the small states it may do that but it does not make the campaign about the small states the campaign is all, all, all about the swing states, florida, georgia, north carolina, maybe texas, pennsylvania. When was the last time a candidate even bothered to go to wyoming or kansas or missouri or even california . Right theres really no point at this point, tyler thats a very good point that those states are pretty much off the radar given that theyre either deep red or blue, as california and new york and the east coast states mostly are for democrats. So if the Electoral College was intended to do that, it hasnt really served that purpose this is a subject for another time, whether the Electoral College is an outmoded system that does not serve us well right now and we wind up with president s that are not getting the majority of the popular vote, but youre totally correct in that a lot of these states are simply off the map politically with the exception of a state like texas that was off the map and now is very much on it. Just to talk about what to look like tonight if biden is neck and neck in with trump in texas, i would say it looks like a good night for biden. Youll be watching as will we all. Of course good to see you, my friend and weve got election coverage with no end time, live coverage all night long into the morning to cover how this whole thing plays up all three major averages up, industrial and technologies the best performing groups alibaba not participating. The ipo getting shutdown we have all the details next on power lunch. Stay with us im searching for info on options trading, and look, it feels like im just wasting time. Thats why Td Ameritrade designed a firstofitskind, personalized education center. Oh. Their awardwinning content is tailored to fit your investing goals and interests. And it learns with you, so as you become smarter, so do its recommendations. So its like my streaming service. Well except now youre binge learning. See how you can become a smarter investor with a personalized education from Td Ameritrade. Visit tdameritrade. Com learn visit tand sweetie can learn coloryou just be. Gentle with the pens. Okey. Okey. I know. Gentle. Gentle new projects means new project managers. You need to hire. I need indeed. Indeed you do. The moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. Claim your seventy five dollar credit, when you post your first job at indeed. Com home. We did it c crowd cheering [narrator] wherever you start, snhu is where you can finish. crowd clapping crowd cheering here we go. [narrator] and its it. [group] yay [narrator] you did it, high five Southern New Hampshire university. [man] that gets a hug. laughing look at that masters degree, i did it i did this for my children. I am very proud of myself. [narrator] finish your degree at snhu. Edu. music anncr give customers access to precisely what they want, when they need it the most. With adyen, the payments platform that delivers convenience for all. Adyen. Business. Not boundaries. Welcome group, the biggest ipo in history is off for now. The shanghai and Hong Kong Exchanges announcing that this morning and its hitting alibaba, which owns about a third of ant lets go to eunice for more on the developing story its an incredible story, kelly. Ant was supposed to list on thursday and not any more. The Shanghai Stock Exchange said its going to be suspending the listing after the companys top brass, including jack ma, were summoned to a meeting with financial regulators and reported significant issues such as changes in the financial Regulatory Environment china has been signaling a need to tighten oversite including publishing draft micro lending rules requiring online lenders, such as ant to the meeting was seen as a warning to ma, after he had commented, made some inflammatory comments at a Financial Forum just days prior criticizing regulators for not moving fast enough and not supporting the fin Tech Industry enough he also had joked that and seemed to dismiss concerns about the systemic risk, saying that in chinas economy there are no systems. Tyler. All right, unieunice thank you very the big day is here, the day theyve been waiting for, twitter and facebook after 2016s debacle, the company has been tons of money no battling disinformation on their platforms. Is it working . Facebook and twitters role in election news and results under a huge spotlight tonight it is the culmination of months of criticism of how the platforms flag or sensor misinformation twitter last night flagging one of the president s tweets as misleading stopping likes and retweets on that posting welcome to both of our guests. Professor, i will begin with you. Its not just months of criticism this year. Its everything that has happened since 2016. What more should we expect tonight in terms of the way that in terms of the weight and the sway that these platforms have i think what a lot of people felt after 2016 is that there had been much more fake news, junk news distributed than anyone had realized and that the platforms had a long way to go to try and clean it up and you know, they have been trying for four years. They say they are doing a lot. We will really only know about a month from now how they did. Today in some ways is the test. How would you say it is going so far facebook halted political ads i believe in the week before this election of course a lot of the concern that people have is potential vie lens and the role that social media could play in fomenting 245 in the weeks to come [ no audio ] hold your thought for one second we need to fix your audio. Tim, i will ask you the same question what about the role that social media platforms could play in terms of the information not from political candidates per se but that as society is tense in the coming weeks potentially at unrest, the role that social media could foment in that there is a question of who might win the election i think we have been used to the idea that more or less some version of respected Media Outlets are the ones who make the call on that you know, thats been system for decades now. And i think the key way to that could be that we could see unrest fostered is by social media in some way usurping the role of established media in confirming a winner, suggest someone else has won, suggesting that these arent to be trusted. Look, i think Mainstream Media has not been perfect. In the 2000 election, there were premature calls. But the real danger, i think, is intentional efforts to call the election one way or the other for political advantage with the idea of trying to win this one way or another yeah. Back to you nela, for what you were beginning to say. I think the professor is protect. Today is the big test. The platforms spent millions of dollars to get tools to handle today. I think what everyone is waiting for to see how the platforms handled it is if there is not clear winner tonight and the president tweets, ive won, its over, im fitting every vote thats counted after this, the platforms are going to be in a very tough position because we know thats not true we know that no election has ever been certified on election day. That it has been the networks that call winners not the state themselves would know there are ongoing lawsuits, a lot of outstanding ballots from the military that still have to be returned and counted. If the president himself is the source of misinformation tonight saying the election is over because election day is over then the platform versus to do a lot of aggressive moderation, a guessive laboring. Twitter is already very aggressive and facebook has to keep up the banners it has receipt now, saying the election is not over, votes are still being counted. Thats going to foster a backlash from come progressives and cog conservatives that believe that the platforms are more aggressive in censoring president trump. These are shares that underperformed since their earnings reports came out. They missed on users they were down yesterday they are rebounding nicely today. They had a battle with an activist management to keep dorsey in place. Twitter is unique when we talk about big tech, twitter is not that big it doesnt have a network of enter related businesses across multiple fields. Its just twitter. Thats the whole business. So everything that happens on twitter, everything that affects twitters advertising on that platform is really not well insulated the way that facebook is insulated by the existence of instagram or google is insulated by u tube. The hit that twitter takes tonight is core to its business in a way that other platforms can be divorced from. Well said. Twitter hasalready been the most aggressive and they will continue to be. Ill we will see if it pays off. Thank you for sharing your thoughts today on the power of social media platforms. Kelly, there is just one hour ofity trading left on this election day the dow soaring right now, up 558 points mi ugee more market covera congp. Kelly and i have 345 seconds to spend with you on this rally day in the market, up 560some points it was up 688. The dowex that is. Basically a 2 gain for most of those up decks the nasdaq capacity really basically the same a lot of the cyclicals doing very well, kelly, today, and financials. Yes, thats kinds of the odd bed fellows that we have look at tesla and neo, which are rallying hard. Goldman sachs is the best name in the dow right now thats the brew we leave you with on election eve sfa we will soon see what the story is, thanks. Thank you very much, and welcome to closing bell. Im sara eisen here with wilfred frost. It is election day in america. And rally day on wall street stocks are headed higher for a second straight session with the dow up 2 as we head into the time hour of trade lets look at whats driving the action right now first and foremost, its the election we are just a few short hours away from the first round of poll closures including georgia,