Google all on tap. All that and much more is coming up this hour power lunch starts right now kelly, thanks im scott wapner welcome to power lunch our reporters are all over every ae angle that matters as you know, today the busiest day of earning season. Meg tirel is watching the race for a vaccine as coronavirus cases continue to climb. And Steve Liesman has the details of a muchexpected gdt report hey, bob before we get to earnings, were having a nicely midday rally here let me show you the s p. Some technical aspects we broke above the earlier highs in the day. People do trade on technical calls on in kind of market you see that nice, quick, steady move up here there may be seasonal aspects coming into play, art cashin noting were moving into november, a seasonably strong period of the year for earnings, the early reports have just been spectacular here, generally half of the s p reporting now, 85 beating expectations and the key story is the average beat about 19 , way above the h
Well be getting tomorrow. The nasdaq, as i just mentioned, outperforming once again those big names, netflix up 5 1 2 , tesla, amazon seeing strong gains as well with just 59 minutes left of trade. We are higher still on the s p but not on the dow anymore the nasdaq remains in the lead up to 0. 9 coming up on the show, shares of draft kings have doubled since they began trading in april. Today they announced a new way to bet on one of americas most celebrated fourth of july events well discuss with ceo jason robins coming up dennys, new effort to raise cash whats facing the Restaurant Industry in these uncertain times. But lets focus on the big stories were watching today first of all mike santoli, meg tirrell, pfizers encouraging vaccine news and highlights from the fed news minutes ago. Breaking news on apple josh has it for us hey, josh. So wilf, more apple Stores Closing as covid19 cases rise specifically apple saying its going to reclose 30 Additional Stores in the United States t
Going hungry around the world. No vaccine but that doesnt mean you know how we look at the different drugs and treatments being used to treat cope with 19. With the pandemic throwing world oil markets into turmoil donald trump says his government will look to support the domestic industry the president says hes told the energy and treasury secretaries to formulate a plan to make Funds Available to ensure the survival of american oil and Gas Companies that follows an unprecedented collapse in the u. S. Prices because of a glass in supply the u. S. Futures market dive deep into negative territory for the 1st time ever on monday the lowest the price of the u. S. Benchmark w t i sank was to minus 37. 00 a barrel the International Benchmark the brant crude on the other hand well thats trading at around 20. 00 a barrel thats still the lowest price its traded since the september 11th attacks in 2001. We begin with our White House Correspondent kimberly how could she joins us from washington d
Shows dealmaking is their record this month. 200 billion in net steals already paymasters watching earnings as well set to report this morning. Profit and revenue above expectations. Numbers hitting the tape. Stock is done while the last couple months and we are looking at the numbers to exceed expectations at the latest, as this morning. Futures indicate a slight gain at the opening of trading set to open up about 50 points. Nasdaq s p 500 looking out of bed this morning. Markets edging higher. European embassies across the board games. And the dax and germany have one half of 1 . Gains across the board is welcomed to make a average in the hang seng up about 1 and 2 overnight. Charlie rose now facing Sexual Harassment allegations. Eight women have come forward with their stories in a cbs cohost among time pbs star has been suspended at all three Networks Said he works. The safety concerns that you were to tell us about the multimillion dollar sign after regulators found unemployed dri