Electric vehicle stocks are scorching, oil stocks are gushing. To chase or not to chase, thats do question ill be the question ill be asking some of the best. We are waiting for the paddenning of the thanksgiving pardoning of the thanksgiving turkey or turkeys. All that and so much more on making money. Charles the broad market propelled out of the gate powered by continued excitement over that midday announcement yesterday that janet yellen will be heading the Treasury Department. Then theres also the transition of power at the white house and continued strong corporate earnings. Wall street professionals find themselves chasing a train long after its left the station. Remember, they were complaining about this or that. Blackrock, in fact, says its now overweight u. S. Stocks with 40 technology and Communication Services alone, only 11 in european stocks. While theyre not really the worst problems like buying stocks or holding during those violent selloffs, chasing bigtime rallies is
Exactly mean for your money. What does it mean for your money . We have that coming up. Brickandmortar retailers are finding a way to beat back amazon so should you give them a look. President trump is saying he is battling for election inan integritity as his team battles. We are ric grenell coming up on making money. Another. Charles another intriguing session with major indices belying what is going on. Major indices slightly in the red. I got to tell you the session began with sort of two groups sitting it out and that was communications and Technology Stocks. That signaled of course this continued rotation into what im calling the normalcy trade. Then in the last hour or so the tenor of the session sort of took another turn where you started to see those sectors that signaled classic defense as lower. Utilities, real estate, consumer staples, all sort of drifting. Both scenarios have a clear message that investors are a lot more optimistic about the economy which means a broader r
Been absolutely lights out. The best november since time began, and maybe that is what we have, whatever you view on the election. But with the bombshell from pfizer on a vaccine, the market goes straight up. The president radio salad for four days, and we get a tweet for fourdio silent days, and we get a tweet out this morning. In this moment, we continue to see i am going to call it a second surge of market performance. Jonathan this morning is not about the politics. It is about the science. You can take the narrative and put it in the shredder this morning. We hope at some point in the nottoodistant future, it is conclusive. That just brings the cyclicality back into this market in a huge way and breeds some life back into that rotation. The nasdaq still very much on top. It is very clear the nasdaq is not on top. The nasdaq is struggling versus the likes of the small caps. Tom we will do the data altogether this morning before we get to dr. Fazeli. The vix from 41 to 23, i have be
Good morning to you. Thanks for joining us for our midday newscast. Im marcus washington. We brought you the news of pfizers vaccine as it was breaking today in the bay. We have team coverage. Scott mcgrew is telling us wall street is celebrating that news and so is the president. First lets start with cierra johnson. She is live for us the ucsf and president elect biden found new members of his task force and you have information about the new vaccine as well . Reporter yes. A lot to cover. Days after president elect joe biden already moving forward with some of his paths he would knock out while he was campaigning. He is assembling a Pandemic Task force. This morning, biden laid out his covid plan announcing an Advisory Board would help him moving forward with treatment and new vaccines. An announcement from pfizer there were promising results in the covid19 vaccine and that is what we are going to start. Pfizer has been working on a vaccine that early results revealed it could be a
Offers 90 protection, and france 2 finds that is a milestone. Azerbaijan says forces are edging closer to the enclaves capital after claiming victory in another strategic city. This is after armens Prime Minister insists that it hasnt fallen yet. First then, according to the latest data released by Johns Hopkins university, the covid19 infection rate continues to soar in nearly every u. S. State, with the total number of cases stateside standing above 10 million. A man who has been picked by americans to hold office in the next white house has been detailing how he plans to stamp out the virus after a meeting with his newly formed Coronavirus Task force. President elect joe biden has pleaded with his fellow countrymen and women to keep using a face mask as their best defense. This is what else he had to say. President elect biden this is a crisis that affects everyone. As i have said throughout this campaign, i will be a president for every american. This election is over. It is time t