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
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
Cases. Can the bulls hold on all winter . Amazon shaking up the Prescription Drug business with the launch of amazon pharmacy e and a lot more investors will be adding tesla to their portfolio when electric Vehicle Company joins the s p 500 in december. Can tesla maintain its dominance . My colleagues, ben levisohn, carlton english and jack howe. So, ben, interesting market this week. The dow and the s p were down ever so slightly, the nasdaq and small caps were up. What are traders looking at . Well, it was interesting, its a week that felt like it should have been a really down pretty hard. We had the treasury ending some programs that the fed has to support the economy, we had bad data the, retail sales disappointing, jobless claims, manufacturing surveys were disappointing and, of course, theres covid which continues to spread a around the country, cuff fews being imposed, new York City Schools going to remote learning. It looks really bad, except the dow finished down 0. 7, the s
Vaccines worldwide. There is no food, water, shelter, more refugees flee. The theo paean. Army moves to surround the rebel held capital of northern region. Millions of people head to the polls and begin a fast despite threats of violence. And in school theres an unfamiliar name at the top of the Italian League table. So swallow, have moved into 1st place after to know when alice, from around the head of the u. S. Coronavirus Vaccination Program says the 1st americans could receive it. As soon as december 11th months of ways says they plan to issue 20000000. 00 doses before the end of the year. 2 vaccines are up for approval in early december. Early data shows them to be about 95 percent effective. Our plan is to be able to ship vaccines to the immunization sites within 24 hours from the approval. So i would expect maybe on day 2, after approval on the 11th or on the 12th of december, hopefully the 1st people who would be immunized across the United States across all states. In all the
20 leaders commit to fair access for coronavirus facts. And the polls close in became a fast in an election, overshadowed by violence, and staying by claims of fraud. And in school theres an old familiar name of the top of the Italian League table to swallow. It moved into 1st place after its true. Know when its true and welcome to news hour. Ill talk story in a dramatic escalation, ethiopias Prime Minister has issued a 72 hour ultimatum to forces in the dissident region of to gripe. A ahmed says the Peoples Liberation front has 3 days to surrender, or brace for an all out assault on the regional capital mccalla a. The Reuters News Agency has been reporting that to grind forces have destroyed roads and bridges. Just slow down the government offensive. The oaths, Ethiopian Military plans to surround the city with tanks and artillery in an effort to end the nearly 3 week war, according to, a military spokesman. And in an address on state, t. V. , residents were told to save themselves an