Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
Hour plus wework woes the shareholder wants to shelf the ipo well have those details and discuss them later its the momentum crush. Investors are fleeing the stocks with the biggest gains and could be a warning sign for the Broader Market so Pay Attention power lunch starts right now welcome to power lunch. Stocks are under a bit of pressure take a look at the nasdaq. Thats getting hit the hardest as the momentum gains are selling off. On the flip side, we have small caps continuing their outperformance from yesterday. Up by 1 two headlines affecting your money. Stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when President Trump said that he has fired the National Security adviser john bolton over policy differences. That news also sending oil sharply lower. We are live to wrap up what has been yet another very tumultuous day. Thats right. Another dramatic departure from the Trump Administration we got a little more context here we hear
Markets the dow and s p back within 1 of record highs. The nasdaq is higher today as well and 2 from alltime record highs. Check out microsoft. That stock jumping to a fresh record high after announcing a 40 billion buy back, thats helping the do you today well have more on that later. Lots of big names making big news leslie picker has all the market moving news and there is a lot of it. Leslie its a busy and eventful day. So i think were going to kick it back over to bill and im going to head to the desk and well continue our discussion. What a good idea. Thank you, morgan. Come over. Were wondering how worried investors should be at the alpha conference believe that our economy is being propped up by a strong consumer right now, should investors start worrying our push to record levels is going to stall out bring in Brian Jacobson with Wells Fargo Asset Management and christian amami is with investments. Thanks for having me. A lot of the investors, the feeling is that this is as go
Little to stop covid deaths, and instead wreaked havoc on every aspect of our lives. Johns hopkins with a Bombshell Study that shows restrictions only reduce deaths by. 2 . At the same time, the lockdowns devastated our economy, education system, and damaged our Mental Health. All the while fueling Major Political unrest. Many of us were never given an option. Remember President Biden and Top Health Officials told us lockdowns were our only choice. President biden statewide, lockdowns that so Many Americans lived under for months were intended to buy us time to get our act together. When you have an acute situation, and extra ordinary number of cases the answer is to close things down, go back to our basics, to shut things down, the flatten the curve. The fact that we shut down when we did, and the rest of the world did, has saved hundreds of millions of infections, and millions of lives. Now, s before now, while their policies have been proven wrong once again, the white house is look
Little to stop covid deaths, and instead wreaked havoc on every aspect of our lives. Johns hopkins with a Bombshell Study that shows restrictions only reduce deaths by. 2 . At the same time, the lockdowns devastated our economy, education system, and damaged our Mental Health. All the while fueling Major Political unrest. Many of us were never given an option. Remember President Biden and Top Health Officials told us lockdowns were our only choice. President biden statewide, lockdowns that so Many Americans lived under for months were intended to buy us time to get our act together. When you have an acute situation, and extra ordinary number of cases the answer is to close things down, go back to our basics, to shut things down, the flatten the curve. The fact that we shut down when we did, and the rest of the world did, has saved hundreds of millions of infections, and millions of lives. Now, s before now, while their policies have been proven wrong once again, the white house is look