Record close since february 12th. Right now, its above that at the moment. So we look to the s p 500. That should set its first record since september 2nd. Its 23rd record of the year. We have that moving higher right now pretty significantly. The nasdaq just a bit off the mark at the moment. From the Pfizer Vaccine developed in conjunction with German Company biontech and the stock basking in the halo effect from the blockbuster announcement to the mask makers and Rapid Testing stocks on the move. Weve got team fox business at the ready. Market mavens bill snead, jon core pe corpino and Tracy Maitland and Hillary Vaughn live in delaware, with the president elects plans Just Announced and how it might affect your money. The two matadors in charge of todays record bull rally, pfizer and its german partner biontech. Both stocks hitting 52weeks highs on the news that their covid19 vaccine candidate is more than as we said, 90 effective. Pfizer jumping 8. 33 at the moment. Biontech up 15 .
Cramer, faber is off president is in wisconsin, surp positive, yields tick up on decent core ppi. Tech stocks taking a tumble. Treasury is out with its plan to loosen Bank Regulations and is the worst over for under armour . The stock having a nice bounce after the warriors take the title. First up, tech stocks looking to rebound from their worst twoday streak of the year jim looking at some of the percentage declines for fang, somewhere in the 4 to 5 range. What happened is you didnt get followthrough other than the negative apple you got a downgrade of adobe that lasted for about 30 seconds. There were no substantive calls and by the way no preannouncements that these great tech selloffs that weve had there usually is a linkedin tableau data, upgraded today by goldman. Theres something to hangon to which says tech has slowed down but we didnt get that, which made it so it was more of an air pocket than it was the beginning of some gigantic rollover. Just didnt get it i was looking fo
Nicole this is a stock down 80 over the last year. Jumping. David apple is up, stockholders are pretty happy about that. Nicole lets cheer for apple. Sorry it is not at 700. David but a 4 gain is not bad at all. Nicole it is good. Liz three quarter of a percent gain for the industrial. There you go, the bell ringing on wall street closing out the day not entirely erasing the loss of yesterday, but certainly making a go of it. Up 97 points. A gain of a full percentage point. You have the small and midcap up, not a bad day for wall street. David lets take a look at financials, they all performed today. Hitting 52week highs versus spider etf, the stockholders include the shares. Liz after weeks of speculation, the worst is here, that deal to take dell private is officially announced. 13. 65 per share, the price not even reaching that today. That is a disappointment. It took too long perhaps for the deal, but paving the way for netflix to be the next member of the nasdaq 100. David o. How
Will play sideways until then. Maybe you think i am crazy. Lori that is beside the point. [talking over each other] lori who are you . John kerry . He had a big gap in a new country. Anyway. Good afternoon once again. I am lori rothman. Melissa i am Melissa Frances. Senators attack ben bernanke and the feds Bond Buying Program. The fed chairman says the benefits of the easy money policy out raise the rest. President obama on the road in virginia with a warning for shipbill is about automatic spending cuts but no sign of progress ahead of fridays deadline. Lori Housing Market recovery picking up steam, the case schiller report signals improving home prices but not everyone is convinced that we have turned the corner and that includes the reports coauthor Robert Schiller coming up. Lori youll want to stick around for that. Also today we have for you the latest on the battle over Martha Stewart, the queen of all things domestic testifying in court as macys tries to blocker deal with j. C.
Welcome to the the lead, im jack tapper. Chaotic week for the Trump Administration struggling with one crisis after another now as the dow closed down more than 400 points at President Trump announced his intention to impose new tariffs on steel and aluminum. It was down more than 500 points earlier. The tariffs raising concern about a possible trade war. This comes as the white house grapples with another bomb shell report involving president ial soninlaw and Senior Adviser, Jared Kushner. The New York Times revealed the business received loans from companies totaling half a billion dollars amidst kushner in his capacity as a courthouse official meeting with the heads of those companies. The founder of Apollo Global management met with him on multiple occasions beginning in early 2017, three sources told the New York Times advising the administration, according to a cnn source familiar with the conversations, was also talking about a possible role with the white house. That was discus