Americas Largest School system closed. The Ripple Effect of our kid being sent back home and a cnbc special investigation. Faster payments mean faster fraud. Criminals using popular apps to launder cash meant for americans. Good evening more good news to report on the vaccine front tonight and it comes at a dire point in the pandemic just an hour ago we got word the United States has now topped more than a quarter Million Deaths thats more than strokes, suicide and car crashes typically kill in a full year. The virus killed more than 1,700 americans yesterday alone. Johns hopkins reports its the deadliest day in six months. In addition, hospitalizations hit another high more than 76,000 people in the hospital for covid, according to the covid tracking project by nearly every available metric, the pandemic is worse than ever, everywhere across the country. For months new york city kept its positivity level very low. Now its rising and forcing the Largest School District Court in the nat
And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Americas Largest School system closed. The Ripple Effect of our kid being sent back home and a cnbc special investigation. Faster payments mean faster fraud. Criminals using popular apps to launder cash meant for americans. Good evening more good news to report on the vaccine front tonight and it comes at a dire point in the pandemic just an hour ago we got word the United States has now topped more than a quarter Million Deaths thats more than strokes, suicide and car crashes typically kill in a full year. The virus killed more than 1,700 americans yesterday alone. Johns hopkins reports its the deadliest day in six months. In addition, hospitalizations hit another high more than 76,000 people in the hospital for covid, according to the covid tracking project by nearly every available metric, the pandemic is worse than ever, everywhere across the country. For months new york city kept its positivity level very low. Now its rising and forcing the Largest School District Court in the nat
Airbnb expected to go public this week. Analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. Well explaint iwhy ase xdp lunch starts right now. Thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now. Teq apple is one of fthem the dow industrialso so far today as well as theee nasdaqe pos t composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5 and 13 gains over here for the Overall Index for the russell 2000 look at other parts of the market were also watching as well look at the semiconductor. Dze cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. Billion, would make it close to around the sixth biggest stock in the s p when it eventually goes in. That happens before the open of business on december 21ste1. And perhaps Short Co
Period, the nasdaq has more than doubled, up 115 in that time, carl, and it really tells you how important technology, and particularly those large caps, have become to this market and just how much they have surged this year as we see a Digital Transformation amid the pandemic. Thats a great point. And jon, were going to continue to look for names that are going to perform well, no matter what kind of reopening or reclosing environment were in amazon, one of the top leaders, but so is zoom on teleconferencing and in tuit on payments and those are the markets well be paying attention to. Tech investors have a lot to be thankful for this year in a tough year overall for the world. Lets talk more about the need em Portfolio Manager and chief investment strategist. Guys, good morning brian, where are we now with kind of rationalizing and strategizing around the tech trade, given how far so many of these trends have run . I think some of these trends existed before the pandemic and have be