Nasdaq. Now, here are the negative for stocks today. Dr. Fauci suggesting a lockdown christmas. Why . With all the traveling and celebrating we did over thanksgiving, its expected to produce a new round of infections that will in turn require a new round of restrictions. Well have more on this throughout the show. I get the impression were being treated like children, punished for celebrating our national holiday, but dont get me started. One more item. The biden team takes shape, very similar to the Obama Biden Team that left Washington Four years ago. Neera tanden could go to the budget office, Jared Bernstein expected to become a president ial adviser, he was Vice President bidens chief economist, and back to the future . Sure looks like it, doesnt it . On the show today, the priceline ceo offering deals to get people back to travel. The waffle house ceo, hes pounding the table, keep dining rooms open, hes pleading. And mrs. Fields cookies, their ceo somehow has to replace the reven
Report help to boost sent men this morning with the u. S. Economy adding 638,000 jobs in october. The Unemployment Rate fell to 6. 9 the coronavirus surge remains in focus, the u. S. Setting a record with more than 121,000 cases on thursday according to Johns Hopkins data 59 minutes left of the session in what has been a crazy week. Today though essentially flat, sara. Holding onto the gains i would argue, which are very strong so far this week. Ahead on todays show we will ask jeff sonnenfield how americas Corporate Leaders are thinking about the heated election race. Big news out of cvs as larry merlo announces hi retirement. We will also speak with the ceo of hershey asking about how cappy sales fell during this years unusual halloween season. Lets get to the final hour of trade, the markets and the election mike santoli tracking all the action for stocks. Frank has the vote count in pennsylvania ylan moi is covering the balance of power in the senate how georgias undetermined races
Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in terms of online sales with so many Stores Closed but today we found some folks lining up for door busters this morn
Transition naming a longtime democratic confidant as chief of staff. And the wait is officer as tas over as the masters tees off. This is worldwide exchange. Im all right be in worry about me, you got to give me a fight good morning, everybody, from wherever in the world did you may be watchings did you get the golf caddy shack reference there . I know it is early lets tee it right up and get to a check on the markets and your money. Futures are mixed, but they are turning around at this hour, you mostly get the overnight trade, but nasdaq futures did just turn in the green. No new records yesterday, the dow do do dow down you a bit on wednesday. Did that break the new record high but it was a big day in many ways otherwise and maybe a big sigh of relief for many tech investors as the nasdaq bounced back after a tough beginning to the week. Big gains on stocks that also had a tough start to the week. I just combined apple and amazon well call it amle here we go zoom, decrease could yoc
Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val