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
Months. I was proud. We were doing well. Almost everyone in the city did what they asked you to do we are seeing how fast it could move the governor laid out a warning and we are seeing what is happening in San Francisco. Let me be clear, as clear as i can be, its not good. Cases are spiking. Hospitalizations are increasing quickly. Our infection rate is higher than the summer. This is not just about San Francisco but the entire region, state, and country the dangerous winter has arrived. We will have to take more action. We are still working out the details we are working out the details in Santa Santa Clara county. They have limited gatherings. Theres are things you have consider as well as other ideas to stop the spread. No one would like to be here. We spoke about worrying about doing well but having everyone relax and the cases spike like they did during the spanish flu. Im not saying thats what happened but there have been a lot of challenges including lack of national leadership
Expects surge upon surge the c. D. C. Or centers for Disease Control saying that the next 3 months could be among the worst or most difficult in u. S. Public Health History what americans are bracing for is the fact that its known that there will likely be an uptick in infections as well as deaths given the fact that Many Americans did not listen to the Public Health officials warnings over the thanksgiving holiday and as a result traveled and so the seeds of an increased outbreak have been planted all across the United States there is some optimism of course knowing that by the end of the year its likely that a vaccine will be approved emergency authorization for pfizer as well as mcdermott but its just going to be a drop in the bucket some 40000000. 00 doses this is a population of 330000000 and of course you need not one but 2 of these inoculations in order for it to be mostly effective in fact as the United States is continuing its process of certifying these drugs to be safe to us
Georgia voters. Race. Not just the future of the senate which republicans currently hold but the future there are. Very important you have to get out you have to vote you have to make sure you have every vote count everybody. Because at stake in this election is control of the u. S. And that really. The voters are determined which party runs every committee right every. Controls every single taxpayer dollar. The democrats are. Largely still a. Result of. The supreme court. Will never surrender. The u. S. Has reported a Record Number of covert 900 infections in the row in the 230000 cases recorded over the past 24 hours according to Johns Hopkins university the u. S. Has seen a huge resurgence of the virus over the past month. Trade talks between the u. K. And the European Union etc on sunday the 2 sides are deadlocked over issues of governance fishing and competition rules but more on the negotiations. Theres been a lot of talk in the press about british on happiness or the European Un
President elect joe bidens transition will start with a plan to curb coronavirus as u. S. Cases top 100,000 again. President trump with legal challenges. Riskon kicks up again. Global equities head for records on optimism which abound on the Biden Administration. The dollar is weaker. Itsman sachs slashes target. Global response. She looks forward to remove partnership. Angela merkel says the transatlantic friendship is indispensable. Good morning from dubai. Great to be back together with you. I was watching you this friday from the gym as usual. This market has not got a concession speech. This market is euphoric. This market could be seriously misguided. They take us to a moment that the reflation trade, you might have to wait until the end of the Second Quarter so if you look at bernstein, goldmans, they are all saying the same thing. The reflation trade might be stymied on a gridlocked senate. Good morning. Annmarie certainly. Its clear the democrats are going to take the white ho