Surging as the u. S. Rounds the corner on a vaccine. But how exactly will a vaccine work well speak to stanford medical dean, dr. Lloyd minor. Power lunch starts right now thank you, ty. Welcome to power lunch, everybody. Im kelly evans. Tech is the best performing sector today, up 2. 5 as it regains some ground it lost over the past several sessions. Take a look at big cap tech name apple, microsoft, amazon and facebook all higher today. You can see amazon and microsoft up about 3 . Flipside of the coin, Energy Stocks are lower the Energy Sector etf, exl up 14 . Taking a breather today. And despite all the volatility, the s p is up a whopping 9 to kick off november. Wow. Dom chu has more. We have talked about this rotation, whether its a great rotation, whether its a microrotation into some value type sectors like energy, industrials. We have some massive moves on some of the most beaten up stocks in the s p. This righthand side, this move higher than been led by many of those deeply
Things where its always on the horizon, were about to do it. I think they will do it. That will take a huge uncertainty out of the way, usmca, nafta 2, getting that out of the way. The other thing to avoid is a trade war with europe over auto parts and imports. With all the optimism, bank of america said 68 of managerses think the markets going to be good. Thats usually a bearish sign. Lauren i know. When everyone starts saying things are so good, mitch, you study this, you know the stock market, does that mean you should go in the other direction. Not necessarily. Think about what happened last year. We were worried about the fed raising rates. This year the fed lowered rates three times. The markets are sending them a message, saying we like lower rates. I think fed talk will be the thing to look at. I would look at corporate earnings next year. Baked into the market this year is the fact that next year will be a good year for earnings. Last year was a meh year for earnings. Lauren i
The early trade after posting massive losses what the ceo is telling cnbc. And caught in a glass case of emotion a surprise mystery guest making the rounds all over late tv last night. Its trending on this august 9th as Worldwide Exchange begins right now. Good morning, good afternoon, good evening and welcome from wherever in the world you may be watching. Maybe at 2 00 in the morning in san diego, founded in 1909 by the germans. Any way, it could be the chart of the day whipsaw action in shares of uber after what could be described as a disappointing quarter. Ubers 2 2. 5 billion Second Quarter loss was larger than the total losses last year, all year for all but three companies in the s p 500. Only ge, kraft heinz and Newell Brands lost more money last year than uber lost in the Second Quarter. That stock being punished. Not as down as it was, but down 7. 5 right now to under 40 per share. Well have much more on uber coming up. A developing and important story. Thousands of proteste
A positive upward momentum we had recently. Be one of the reasons we are seeing a pause. Stocks have gotten too overheated levels, according to several measures. One of them is the 14weak relative strength index. We have a chart of it here for the s p 500. Line,y, this of her red when this goes over that redline it indicate stocks are overbought. On the bottom you have a green line that indicates oversold typically. So we have a record level for this 14weak indicator. If you look at the 14day rsi come it shows the highest since 1971. Momentum indicators have gotten a little overheated, and that is something investors have been talking about. Individualk to the stocks, watching some of those financial earnings as they come to a close. Morgan stanley, which has been bouncing between gains and losses this morning is holding onto a gain of half of 1 as the companys Wealth Management fees climbed to a record, raised its target for return on equity. On the flipside, bny mellon reported inlin
Nicole meanwhile the Trump Transition Team split over potential candidate for americas top diplomat. Lauren market will only be open for three and a half hours today. Dow futures higher for 66 points, nasdaq about 8. Nicole lets check oil. 47. 61 the barrel. Down three quarters of 1 . Lauren 5 01 in new york. It feels like a monday. It is friday. Im all confused. Its friday november 25th, welcome to fbn am, first look at morning markets, breaking news and what to expect for the day ahead. Too much topping, nicole. Nicole black friday, biggest shopping days of the deal. The stores such as target, macys, walmart, the buyers and the doors have opened as even wednesday. Im not going to quit. I just started. Once a year i want to enjoy myself bigtime. Dont worry about it. Im not going to leave. I got here wednesday at noon. It was kind of cool tonight but we got through it. I cooked, had all the people in my house, rushed them out, i have to go shopping. Nicole some of the most popular item