Tesla getting set to take off. And tesla is up 9 today. Were going to take a look at the growing musk empire. And booming sales at walmart and home depot but the stocks not getting that same boost today. Power lunch starts right now welcome once again to power lunch, im john fort boy, its hard to swim up stream in the amazon. Cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s p 500, cruise stocks as norwegian is near the high of the session for more on the market action, lets get to bob pisani. Hello, john its sort of a choppy, indeterminate day. The market cant quite decide what it wants to do today. Weve had a great run in bank and material stocks. The cyclical names have done really well recently those are on the weak side today. Tech is kind of flattish overall today here and then we had Energy Stocks and reits. So energy has been holding up very well today and so has Real Estate Investment trusts on top of that. Te
Theirx joins us to share answer to the new competition. And, the bitcoin rarely continues but for how long . But first, tech shares leading the market higher as more covid Restrictions Mean more staying at home for the foreseeable future. Scientists are making to make advances on the vaccine front but there is still a long winter ahead. Joining us now, Abigail Doolittle taking a look at the Market Movers of the day. Lots of conflicting strands here. How did at up did add up . We had the bearish news yesterday about Public Schools in new york city closing server restrictions on the biggest schools in the u. S. Stocks yesterday sold off. Today . Not so much. They were basically flat on the day. At the end of the day, the nasdaq 100 climbing by three quarters of 1 . We once again have that disconnect between stocks and the reality that would seem to be concerning about the narrative seems to be stocks are looking forward six or nine months on the vaccine starts to get into the system a bi
Gdp readings are expected to show an 18 rebound from the covid19 fallout. 15 asiapacific nations formally launched the biggest freetrade deal. The accord covers 2 billion people and is a decade in the making. Howi lets take a look at it is feeding through. Havent seen much of a reaction when it comes to the kiwi aussie dollar. We are seeing bond markets the little bit cautious. We are seeing 3 10 of 1 when it comes to trading in sydney. Thirdquarter gdp numbers showing a sharp rebound in japan. We are seeing nikkei futures trading mildly optimistically. That is the picture when it comes to u. S. Futures. Back to thiss get incredible trade deal. After eight years of difficult negotiations, the largest ever freetrade deal has finally been signed. The regional, comprehensive, Economic Partnership includes 15 countries with china, japan, on. Ralia and all of aussie how important is the timing of this considering the damage caused by covid19 . This will be, as trade ministers will say, a bi
What we are get interesting the university of Michigan Sentiment survey. The headline number, way, way weaker than anticipated. That number coming in at 77. Thats down from 81. 8 last time around. When things are good well north of 100. The expectation was for 82. Current conditions, 85. 8. Thats actually ahead of expectations. But its the expectation number, the forwardlooking number here, that is really sharply lower. Coming through at 71. 3, alix, versus 79. 1 in terms of where the market, the economists had forecast that number. Down from 79. 2. A much more gloomy outlook for the u. S. Consumer from the u. S. Consumer. Alix no doubt. As covid cases are spiking everywhere here in the new york, it feels like we are headed for a School Shutdown as well. Get the read on what that means to the consirmse with ajay. Its always good to get your read. You have this more pessimistic expectation outlook from the consumer. Then you have rising covid cases and you have targeted regional shutdow
Our actions determine the strength and speed at which it spreads and the imperative thing is for all of us to reduce contact to meet fewer people and if we all stick together we will meet the enormous challenge posed by this virus. Until a miracle theyre asking people to be responsible ok im joined now by reporter nicole risen a co youve been following the situation germany had been doing relatively well in the crisis yet now the numbers are soaring why oh basically weve also seen that the numbers are slowly going up already since 2 dive effect then it was 70800 cases a day now were almost facing 15000 thats a lot to take in and they also say the reason why im going to america has been time and again reminding people to stick to the rules and that they have the power to actually influence that but these numbers pretty much reflect that they didnt take the chance you know probably many germans are coming out of a rather relaxed summer they were able to travel again after a very hard tim