Unemployed virus spiking and vaccine is not coming soon enough this warp speed is too slow. As wall street sees it, worse news is better for a stimulus bill the nasdaq has been lagging. 70. Yet, we saw buying in many of the stocks really would benefit. B caterpillar hitting an all time high if you want to be in those, it is chevron or pioneer. The seven conductor stock, they just roar. The opening of america play. Will we get a stimulus bill . It is a Perfect Place to start a game plan next week. I fear that we are going to get hammered when we come in on monday lets be clear the Labor Department reported this morning 8 30 was a disappointment not a surprise if you are paying attention to the spike and covid infections of the death toll whatever reasons these kinds of number dont seem to be impacted by common sense. You have to believe a good chunk of the economy is going to get shutdown it is not the government, people it is going to be shutdown by fearful individuals who dont want to
How retailers are shifting Sales Strategies online this Holiday Season then, questions over astrazenecas vaccine trial, what the ceo is saying this morning. And finally what a salesforce acquisition of slack means at this hour. Right back at you in terms of this market action, we have seen it a lot, mike in terms of the dows performance this month there has been some rotation lets start there. Somebody this morning saying aerospace is up 40 . Which frankly i did not necessarily know it has been that strong in that short amount of time does it continue in this rotation or do we have to watch this in last day, day and a half of trading there has been a stutter step in that rotation. We had a couple of these since march. One of them peaked in june now it has been very, very aggressive aerospace is part of the industrials group. Industrials fully kind of got back to precovid levels and the valuations of industrial stocks are well above where they were based on expected earnings eight month
Gamers on the go and a mini version of his home pod smart speakers. We are about to get you all the details, the prices and what will no longer be in the box when your new iphone order arrives . This as gadget lovers may just be bringing christmas early to amazons bottom line. Prime day in full swing at this hour. Our power panel unpacks it all in just a few minutes for you. You got to hear what they have to say about both apple and amazon. And despite titillating tech news, look on your screen. We do have a selloff. Stocks are buckling under the weight of perhaps bad news on the Covid Vaccine front. Positive earnings news unable to save the Johnson Johnson stock after the Pharma Company announced last night its been forced to pause its vaccine study. But which marketmoving force will win out in the long term . Earnings or the vaccine headlines . Our floor show traders are about to place their bets. Plus, the electric vehicle spac tidal wave just getting even bigger. We take you inside
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
Fox friends he is considering delivering his Convention Speech from the white house, an unprecedented move. Joe biden is not even going to his own convention. Well get reaction from Deneen Borelli. All that and more on making money. Charles folks, major indices are marching higher, despite a early report from adp on jobs. That was a big disappointment. Stocks are climbing focused on the Stellar Service data and drop in crude inventories. I want to bring in spotlight assets shana disel, and phil blancato, mike lee, of mike lee strategies. Phil, let me start with you. I like what im seeing from Economic Data. We sort of wrote it off as a lot of states started to stall or pull back reopenings. Going back to the ism manufacturing data. All the Regional Manufacturing date, service data today, maybe the v is getting stronger, not weaker. What does it mean if it is for the economy and the market . Ebb tide becoming high tied. We were in the ebb tide last few weeks. Manufacturing numbers told