Points or 1. 5 . So as wall street presses the sell button, a dramatic move. The struggling Hotel Industry shouting in a letter to the president to bypass pelosi and Senate Leader mitch mcconnell. One of the signers, the ceo of best western hotels, live with us on the roadmap they are hoping the president looks at and maybe follows for them. But as the markets reflect the angst over the rescue package status, you can see this with the dow intraday picture, the latest company to nab a ticket to the 2020 spacpalooza is flying high. The banking giant who now on her fourth spac will tell you why she picked the Digital Payments company to take public. Its first day of trade is today, right now. Wait until you see what its doing. But lets get to this fox business alert and breaking news. To prescott, arizona where President Trump is expected to appear at the first of two rallies today in the grand canyon state but with just 15 days to go before the election, it was his comments on the tarmac
The world. We will talk to the head of a major new jersey hospital that was on the frontier a few months ago and still are. Well find out what theyre seeing there and look at how covid has crushed urban real estate power lunch starts right now thank you, at thtyler. Markets are starting with a nice alley and broad base every sector is higher, except Energy Technology leading the way, up more than 2. 5 hi, bob. Seema, its a rally but look under the hood. Theres a very progrowth bias to this. A lot of the reopening stuff is not doing as well. Were getting what i call a big cap meltup here look at this, facebook, amazon, alphabet, microsoft and the volumes have been on the heavy side for this particular sector, mega caps. But only there lets take a look at some of the other stuff, some of the other what i might call workfromhome beneficiaries. Your costcos, your pay pals, and all of the chips are up here today. This is that pro growth bias you talk about look at stocks that used to benefi
Congress now considering a temporary Unemployment Insurance extension. Ahead on todays show, as more government money flows into vaccine efforts, well speak with the ceo of thur ermo fishe. Plus micro Loan Campaign affirm striking a deal with shopify well teex wispeak with marks ln about that and a number of names are reporting after the close including microsoft, tesla and chipotle those numbers could move the market this evening. Lets get straight to the big stories were watching today mike santoli is tracking all of the action meg tirrell has the latest funding for pfizer and phil lebeau has fresh comments from the ceo of united about what a vaccine would mean for his business subdued summer choppy action the Market Holding up near recent highs the major takeaway from the action so far. The s p 500 on a oneyear basis, you could look at this and say were laboring to make further upside from where we got in early june that is true this looks like relatively defined uptrend. The questi
Matt u. S. Authorities worn americans to prepare for a can potentially coronavirus outbreak to prepare for a potential coronavirus outbreak. Meanwhile, rio tintos windfall. They report their highest fouryear profit in eight years on a surge in iron ore prices, but the Company Warns of significant uncertainty if the coronavirus persons. And a South Carolina freeforall. Democratic president ial candidates turn on Bernie Sanders and his rivals came to stall the front runners momentum. Matt, let me pick up with whats going on with breaking news this morning. Weve got a number of corporates reporting. Lets get to the luxury sector with hermes. 10. 7 . S up by the estimate was an increase of 10. 7 . Thats a redhead line across the bloomberg this morning. Still talking about ambition, some commentary coming out of the luxury french business. The ceo is saying it is too soon to know when sales will rebound. There is a potential normalization from coronavirus in china. In china, there has been
Good thursday morning, happ new year jon fortt with Morgan Brennan and mike santoli live at the new york stock exchange. Carl has the morning off it is the first trading day of the month and the year stocks are rallying to kickoff 2020 fresh record highs for all major indexes. Bob pisani is with us to breakdown what could push the markets higher. What a different january 2nd makes. Remember this time last year, a year, what a difference. January 1st, last year, look whats going on, the market was pricing in earnings recession. Remember that phrase stocks were cheap. Fast forward a year. The opposite is happening. The recession didnt happen, earnings recession didnt happen, the economy is strong, stocks have gotten on the expensive side so the issue is whether we can finally return to Earnings Growth after an essentially flat year in 2019 most strategists are expecting mid Single Digits Earnings Growth which would take pressure off the higher multiple the market has now early reports fr