And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
How are you doing, will . Super bowl weekend. Will right here. Good morning to you both. Thats right. Im live here in tampa. Super bowl lv. I know you are very excited about that jedediah. We will get your picks later. We know you will change the chiefs or the punxsutawney. For now a hometown battle in tampa. Hometown bucs look to be pretty popular, pete. Pete whats the feel . You are there on the ground. Its a little bit different everything is a little bit different whats the vibe in tampa . Will its excited because there is a Hometown Team for the first time Playing In Home Stadium for the super bowl. Its tampered by the bittersweet relation what would it be like if it were a normal year. Street packed and cash registers ringing they recognize its a little down from expectations. Pete absolutely. Jedediah i know you are waiting for my pick. Im waiting for yours, will cain. I had a conversation about it yesterday. You know what . Im going to wait and hold my pick and see who will pic
Regard, but at the same time, they also understand this is coming, the trump arras coming somehow to an end. There was probably more a sigh of relief as well because the palestinian leadership has a cause of all diplomatic ties with the trump administration. But that also leaves, of course, the question why denouncement of such a policy change is now this is an outgoing administration, and it would actually leave more obstacles for the incoming biden administration. Lets talk about the coming ministration. Because Benyamin Netanyahu had developed a close relationship with president trump. What is the feeling there about the president s . Well, i think to have to look at it from a different angle because president elect joe biden is very well known in israel. He has described himself as a friend of israel. He has said he has known every Prime Minister since the 1970 s. Also, he knows where the current israeli Prime Minister binyamin netanyahu, but at the same time it will not be the sam
A battle of 2 giants france says it wont make human rights a condition for arms sales to egypt as president sisi visits paris. Really. Funny and cutting a new record bob dylan sells all his songs to universal music and one of the biggest such deals. Announced and how much of the sport as europe hold its qualifying draw for the 2022 world cup in qatar details coming up this hour. Thanks for joining us we begin in the u. S. Navigating its way through a president ial transition as well as a worsening coronavirus situation a record 100000 people were admitted to hospital on sunday with more than 2000 americans dying from the disease every day so the president elect joe bidens reportedly made his pick for Health Secretary one of the incoming administrations most consequential jobs and hes eyeing this man hes californias attorney general have you have a sarah for the position well in his home state some 33000000 californians are now under sweeping new restrictions private gatherings will be
Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We