And a very tight one to a handful of states cant be called at this point just because the tally is to close the margin. Is too close and yet so going to be tracking for. Well east today for sure and least a few days to come as we take a look at the big wall and you can see that biden has a lead in the Electoral College to 38 to to 13. James even talking about how this count is far from done in their 60s talk a little bit more about also the battle for power in the senate which also is. Up for grabs still at this hour. It is and it seems like a lot of these senate. Voting down ballot sort of follow it follow along party lines to right from the top of the ticket places that democrats thought theyd make inroads turns out voted in line with pretty much how the president ial election has been going so far so lets give you a quick look on the National Scene democrats were able to flip one seat. And that was in the state of arizona, they also got colorado, but them last, alabama so that kind
Today. Stocks higher as the president returns to the white house plus two big steps in the race for a vaccine sending shares of biontech and vir higher. And battles over how to regulate big tech over a yearlong antitrust investigation republican ken buck from colorado will join us to discuss the gops concerns about too much regulation. Power lunch starts right now welcome to power lunch. Im dominic chu. Check out shares of boeing, one of the biggest losers, down more than 2 as it says the pandemic will hurt Aircraft Sales for the next decade. American airlines delaying boeing 737 max Pilot Training as it awaits the faa to recertify the plane. And the reopening trade is reactivated on some of the positive vaccine headlines that kelly just mentioned on air and then of course the energy trade on fire right now, one of the best performing sectors as crude oil jumps, now up 9 in just the past two days. Watch those trades, the energy sector, very, very much on the up side there. Kelly, ill s
New york city for bloomberg television. All eyes on cleveland, ohio. Jon ferro, i dont know your history with cleveland, ohio besides the best Football Team on the planet, but this debate tonight will be a battle. It will be interesting to see just in the first 10 minutes how the debate agains the debate begins. Jonathan jonathan my association with cleveland is lebron james. Did i do that right . Tom you nailed that. Jonathan we can explore that another time. In the markets, i am not sure what the implications or conflict once is actual or consequent is actually are. The nearterm risk, the number one is that we dont have an outcome november 4. If we get a clear lead and joe biden really solidifies that in the debate tonight, is that risk on . Do you fade the volatility off the back of that without really considering the policy implications of a democratic sweep . I think that might be a step too far, but i am trying to work through those issues with a series of guests. We continue to
The market took no prisoners all 11 s p sectors closing in the red. Todays big reversal coming si months to the day from the march bottom is this Market Recovery starting to stall is this a giant warning shot of more pain to come . Tim, what do you say well, weve been stalling since september 4th. We had such extreme, i think, euphoria in stock prices at that point and we continue to kind of suffer the consequences of where weve come from. Todays news was a combination of i get the sense this is more fear of covid uptick you see what happened across europe you see also kevin flynn, our producer, wanted me to talk about pmis because he loves them so much. Here we go those pmis show that some Services Across Europe have ground to a halt the nasdaq, which yesterday hat this heroic run, amazon which moved almost 8 in less than two sessions, a lot of that has been given back the triple qs are down 13 in 13 days i still think 240 to around 245 the nasdaq triple qtf is a leve that keeps this
I will tell you about some of the stocks benefiting from all of this. Well revisit iposs that were launched in great fanfare last week. How they are holding up today. Well be monitoring what make as bear Market Correction as you know. Many market averages themselves are at or close to corrections from highs. Some of them reached a little more than a few weeks ago. So as stuart was pointing out some perspective is in order here. A lot of this has to do with, well a lot of things. Not only renewed spike in cases were seeing in the likes of the United Kingdom and france. In fact the uk theyre revisiting another possibility of another lockdown. That is what is going on in israel, they are in their second lockdown and theyre not very happy about it. Then we have cases here. Four states in the United States that have 15,000 or more deaths recorded. California joining the likes of new york and new jersey and texas. So were monitoring that. But the numbers here are actually stablizing even as