Murders. Those are events in which four or more people are killed. And nearly 9500 Gun Violence Deaths already this year. The president is using this moment to announce new Executive Action to tamp down, to try to tamp down gun crime. Hes also once again calling on congress to act on gun legislation. Lets begin this hour at the white house. Our Jeremy Diamond joins us. What is to come from biden today . Reporter listen, were going to see the president Layout A Comprehensive Gun Prevention Violence Strategy to address the surge in Violent Crime that happened over 2020 and appears to be continuing into 2021, with experts warning of a potentially dangerous and violent summer. Were going to hear the president sign some new Executive Actions on gun reforms. Hes also going to Push Congress once again to enact gun control laws. Press for the confirmation of his atf director. This will all follow a meeting between the president , his attorney general, and several mayors and chiefs of police as
You can see the dow is reacting. The nasdaq has turned positive by. 1 or 12 points and we are entering, of course, the most crucial month for the retailers. Many stores still shut down but the stocks are rallying, especially Department Stores, as you see right there. Look at the macys, and nordstroms. Once again, power lunch starts right now. Thank you, tyler im kelly evans. We begin with the markets this hour the dow was up 11 in november that would be a good year. It would certainly make it the best month for the index since 1987 up 25 today. Dom chu has more on the action its a catchup trade for the dow. It has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s p 500 as well. Remember, the green lighne, the nasdaq far outperforming other indices. Now the dow trying to play a little bit of catch up here. A good month for the dow shaping up well see if it holds as we head towards december another big thing to watch is whats happening
First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
Through. We want you to call 202 7488000. If you know a Family Member or friend who has been exposed and experienced the coronavirus we want to hear from you. Tell us what they have gone through. We want to hear from you at 202 7488001. And our medical professionals. We want to know what you are seeing out there. Medical professionals, your telephone number is going to be 202 7488002. Keep in mind, you can always text us as well at 202 7488003 and we are always reading on social media, on twitter and facebook. Again, the days topic is going to be your personal experience with the coronavirus or covid19. Already some people are thinking that there will be a possible second wave as the cooler temperatures go across the United States. The New York Times has a story on what is happening in the northeastern part of the United States. I will read a couple of paragraphs. Northeastern United States, devastated by the coronavirus in the spring and then held up as a isel of Infection Control now
Have a durable exit from the health crisis. Including Amnesty International had written to the g20 finance ministers ahead of that meeting to warn that the world is facing a crisis unlike any in the last century, and that debt suspension is only a first step. The group said many of the poorest nations are spending more on debt payments than on lifesaving public services. There is growing pressure on british Prime Minister Boris Johnson to order a socalled lockdown. The Opposition Labor Party and government Scientists Say it is needed to get the coronavirus under control. Deaths have soared to the highest level since june. Concerns are mounting that johnsons new system of restrictions will not be enough. Pressure continues to see a Record Number of coronavirus cases. Officials work reported 14,000 new cases today, the most since the beginning of the pandemic. Russia has the Worlds Largest caseload. Despite a surge in new cases, russian authorities have dismissed suggestions of a Second