Theaters dark, can streaming make up for more losses ahead . Peloton has been the pandemic diving with a new campaign in a darling with a new campaign in a partnership with beyonce. Still plummeting on positive vaccine news and bikes have long wait times. We will talk about it all later this hour. U. S. Stocks slumping amid spiking coronavirus cases. The s p 500 sank as new york city, the early epicenter of the pandemic in the u. S. Prepares , for the possibility of closing schools while chicago issued an advisory, urging residents to avoid leaving home except for work and other essential activities. Abigail doolittle has been following it all. How did this Impact Market moves today . Abigail it was a bearish day at the end of the day as investors took to heart some of the news around the virus. It is clear it is surging in the u. S. Before we talk markets, a lot of movement after hours. Some of those earnings movers you were talking about. Disney, this stock is surging. A blowout quar
Facebook reported amazing number last time. Amazon gave you an amazing upside surprise and it got steam rolled it was hideous nonenonetheless, and i know that. There is the right way to look at it or the wrong way we dont look at the action and we are back to form an opinion about the quarter. Thats the wrong way the right way when a Company Reports great number and the stock gets slammed, you look at the set up often because of an event like say an impending election. I am expecting massive confusion. One of the most confusing weeks of my career unless the results are blow out this day, we may not know who won plus with mail ballots nobody wants to unstock a bowl of confusion why not sell everything on monday for starters, you are too late what the heck did you think was happening. More importantly you are not nimble enough to get back in after you gotten out look at our quality stock selling off right now. You definitely want to get back in take amazon and facebook with unbelievely g
Country. Already getting crowded out there, including to chicago and los angeles. Always crowded in los angeles. Speaking of l. A. , the mayor Eric Garcetti is urging people not to travel or he will fine you. Also ahead, we have one Restaurant Owner who is openly defying his states mask mandate. No masks for customers, no masks for employees. Hes here in the 10 00 a. M. Hour to explain. But lets take a look at the futures, why dont we. One day after the dow surged past that 30,000 mark, just down a little bit in the premarket, as you can see on the dow and s p. The nasdaq up about. 25 . We will see where it goes today. Yes, weve got a big show lined up. Varney Company Begins right now. Ashley little bit of funk courtesy of sly and the family on this eve of thanksgiving, get you in the mood. We are also going to bring you this. Cdc director Robert Redfield on vaccine distribution. Roll it. The vaccine is going to begin to be rolled out probably by the end of the second week of december.
That michigan will go to biden that brings bidens electoral votes to 253 but there are still six uncalled races too close to call. Pennsylvania, georgia, North Carolina, arizona. Joe biden issued a speech. Diana . He issued a speech last night about being patient. But now he is on the offensive he said respect and he talked about achievements, talking about garnering more votes than any other president in history then he used his fighting people we the people will not be silenced we the people will not be bullied. We the people will not surrender. My friends, i am confident we will emerge victorious part of that was the launch of a new campaign that bide enl tweeted he was starting a fight fund because donald trump doesnt get to decide the outcome of the election, the American People do it made the point. And then he left presumably to start the fight. Thank you, diana. As the Trump Campaign launches a Legal Campaign they have indicated they will fight this let me run you through exact
Will have to move . Joining us now is the National Security market strategist, art hogan. There it doesnt have legs, it is sustainable, what are we doing . We got business rotations out of growth and into value like we saw in june. It was not durable. We saw it in august. In this latest move, it is probably one we will see presiding over markets probably for the next three to four quarters. I say that because of Economic Sentiment has underperformed for the entirety of this year. If you are to backup the lens further and say how long is the s p outperforming the russell 2000, you would have to go back five to 10 years to see. So you have a lot of reversion to make up and at does not happen over the course of several days area i think the important thing to think about is, what the drivers are. The drivers are an assumption economic will increase activity in 2021 and Market Pricing will start getting that right early. I think that is where we see that, the beginning. Guy that is going t