The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Shares of pharmacy giants are under pressure after amazon said it was jumping into the Prescription Drug business bowe is off a little pour than 100 points nasdaq and s p clinging on the gains. Coming on todays show, retail earnings season full swing. Shares of coles are higher after topping eps estimates this morning. We will talk with the ceo. Plus, as the u. S. Is seth coronavirus records we will talk with dr. Eric gooseby. All of that still to come. First lets focus on the big stories today. Mike santoli is tracking the market phil lebeau has more on teslas spree into the s p 500 and we will talk about the pharmacy space and amendss move into it. Mike santoli lets start with you. It was the morning was off the lows a mild pullback. Market seemed like it needed to cool off and rest for a day. Right now riding the upper rail here we close at a record yesterday remember that. Above 3600 working below week ago mondays high hard to tell whether thats going the matter or not. Thats about
Vote vote the presiding officer are there any senators in the chamber wishing to change his vote . Are there any senators in the chamber wishing to vote . If not, the yeas are 52, the nays are 44, and the nomination is confirmed. Under the evious order, the motion to reconsider is consideredade and laid upon e table and the president will be immediately notified of the senas actions. A senator madam president. I ask unanimous consent that the mandatory quorum call wit respect to the shelt nomination be waived. The presiding officer is there objection . Without objection. The clerk will report the motion to invoke cloture. The clerk clotu motion, we, the undersigned setors, in accordance with the provisions of rule 22, hereby bring to a close debate on the nomation of judy slton, of califora, to be a member of t board of governors of the Federal Reserve system, signed by 17 senators. The presiding officer by unanimous consent, the mandatory quorum call has been waived. The question is,
Morning a lot colder than yesterday was. Heres your change over the past 24 hours nevado down 20 degrees from the same time yesterday napa down 16 degrees in santa rosa, a full 17 degrees cooler than where we were yesterday so its time for those winter jackets go ahead layer up and feel cozy as you are getting up to the roads to make your way into work. Your car, i know some people i do have leave, but i was just thinking, im jealous of all the people with the heated seats and a heated steering wells must be nice. Yeah, im not on that level must be a knife on mornings like this take a little extra time to warm up that car folks since its so cold out there were looking at the trip into San Francisco. So you need extra time to warm up the car you need extra time to sit in this line which killed all the way back be on west grand but. We like quiet and its been very quiet here in the bay bridge throughout the morning so no issues just a lot of crowding with folks heading back to work they
Time was up. We had to follow the schedule called for by the constitution and our laws. Host we take you live down to a discussion hosted by the Federalist Society on the presidency and the rule of law. This is on the powers of the executive office and the limits of those powers. Panelscussion among the was centered around the following proposition, the constitution prescribes the president take care that the laws be faithfully executed and swears an oath to that effect on taking office. Many believe that the constitution says the president has discretion in handling his office. Norms have developed to control the exercise so that the tooldency is not used as a to punish enemies or reward political friends. The questions our panelists will be addressing our how does the rule of law constrain and protect the president . . Hat role do these norms play have norms eroded . If so, why . What role has congress, the media, social media, and other factors played in the exercise of president ia