President trump saying youre welcome for the market milestone, this as joe biden lays out his cabinet picks and the plan for his first 100 days. We have insight all morning long. We hear from Chris Bedford from the federalist, tennessee senator Marsha Blackburn, michigan congresswoman, Debbie Dingell and laura trump. Stimulus showdown, millions of americans are waiting for another plan the to finally get pushed through congress, treasury secretary Steven Mnuchin meantime will move unspent stimulus money out of the Federal Reserve, if you will. This is rescue money. And it needs to be reallocated by congress. So thats on nancy pelosi. Tax threats, new York Governor Andrew Cuomo promising a new income tax for the state if the government does not give out more coronavirus related aid. Okay. Keeping an eye on the Holiday Shopping season, weve got the best deals you can expect ahead of black friday and cyber monday. And mystery in the desert, an other worldly discovery in utah have people a
One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Drug maker to report an efficacy rate above 90 percent for its covert 1000 vaccine. The promising results are lifting hopes as global cases exceed, 55000000 and deaths total. More than 1300000. 00. Several countries are imposing travel restrictions or simply limiting public gatherings. This comes one week after russias Health Ministry announced its sputnik 5 vaccine is also 90 percent or 92 percent effective on tuesday during the annual bric summit host, russian president Vladimir Putin said the Russian Direct Investment Fund has reached agreements with its brazilian and indian partners on conducting Clinical Trials of the sputnik by vaccine. It has also reached an agreement with pharmaceutical companies in china and india to launch production of the vaccine in these countries. Not just to cover their needs, but for 3rd countries as well. Putin also proposed creating a Vaccine Research center for brics countries, brazil, russia, india, china, and south africa. For more on this and the
Up. Countries around the globe are getting closer to the release of a vaccine for cobra, 19 more testing and distribution concerns for your head. Well talk to these expert, dr. Paul, but about the future of the shop and big claim rally continues, topping 17000. 00 while bringing up many points along for the ride. We have a lot to get to. Lets just start big news this week, as mentor now becomes the 2nd drug maker to report an efficacy rate above 90 percent for its covert 1000. 00 vaccine. The promising results are lifting hopes as global cases exceed, 55000000 and deaths total. More than 1300000. 00. Several countries are imposing travel restrictions or simply limiting public gatherings. This comes one week after russias Health Ministry announced its sputnik 5 axing is also 90 percent or 92 percent effective on tuesday during the annual bric summit host russian. President , lot of putin said the Russian Direct Investment Fund has reached agreements with its brazilian and indian partner
To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig