Well, we expected leaders to sign adjoins declare a declaration later today. And then we will see how strong the language will be there with regards to covert 19 and Global Access to vaccines. However, its important to stress that many of them said here set in the day a Virtual Conference Video Conference, that its very important to coordinate their efforts. And that it is very important for everyone to have x. And access to their vaccine. French president mccall stressed that this is a test for g. 20. We just heard german chancellor Angela Merkel talking about the importance of strengthening international organizations. The only one, however, who didnt talk about the Global Situation was you asked president donald trump, who praised cheese economy and his administrations efforts to develop a vaccine to support companies, develop a vaccine. And his message to the leaders was basically, he wants to tax needs u. S. Citizens 1st. Right out. Whats on the agenda today . Climate change expec
And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
And well see how that goes. For us live from los angeles many thanks when leaders from around the wells have been sending their congratulations to joe biden lets begin in europe where german chancellor Angela Merkel issued a statement saying that she looks forward to future cooperation with President Biden and that the transatlantic friendship between the u. S. And germany is irreplaceable if we are to master the great challenges of time. Nigerias president Mohammed Bihari has tweeted congratulating biden on his election at a time of uncertainty and fear in World Affairs as he said his election is a reminder that democracy is the best form of government. And his Prime Minister Narendra Modi also congratulated biden saying as the Vice President his contribution to strengthening into u. S. Relations was critical invaluable and that he looked forward to working closely together once again to take india u. S. Relations to Greater Heights weve also heard from the emir of qatar which hosts t
Great. Ugandan president ial candidate bobby wine is charged and released on bail as the death toll rises from the protests over his arrest. Republican leaders fly in from michigan to meet president trump, who is seeking a way to overturn his election defeat. This as the u. S. Suffers more than 2000, coronavirus in just one day of the argentine angry at being the focus of negative attention at the club. We begin the news hour in east africa where there are warnings of escalating conflict and unfolding humanitarian crisis that could devastate ethiopia and sudan. The u. N. Is calling for an immediate cease fire, and preparing for up to 200000 people to flee the military campaign in ethiopias north mt. Great region. Ethiopian Government Forces say theyve taken 2 major towns. And as they advance towards the to graham capital mechanic, its been 2 weeks since Prime Minister and Nobel Peace Prize winner made ordered the offensive accusing to grand leaders of trying to destabilize his govern a