Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is
Authorizati authorization as soon as today and well have analysis of the upcoming Holiday Season. And later on, a 170 mile trip for one lonely owl that you could call a miracle on 49th street you are watching worldwiworldwe exchange right here on cnbc fly free free bird, yeah happy friday, im democrat ni dominic chew u in for Brian Sullivan as you can see, the dow jones currently implied lower by 77 points fr so slight outperformance from the nasdaq here, implied open by six points to the up side. The major averages all snapping two day losing streaks yesterday. The dow on pace for its third positive week in a row, but just barely rest nearly flat on the week take a look around the world, a mixed session overnight any asia as you see, the nikkei down when 0. 5 and similar gains in the chinese markets. Meanwhile trading just Getting Started in europe with about half percent gains for the major forces there, including the german dax, ftse 100 and cac again, green across the screen in eur
There say couple of people in some room in pennsylvania, i dont know who they are, i dont know if theyre working yet, maybe not up yet, maybe working 9 00 to 5 00, i dont know who are going to determine what matters the most, i can put a price multiple on bristolmyers better than anybody in the world unless you tell me there is a big sweep or something that is going to happen. You know when you deal with a lot of the companies were looking at, the price sharing multiple will be decided by the notch up or down by the president ial election. I think you dont think over the last two yesterdays trading session, potentially what were going to see today, the market is already making a decision in terms of who it thinks the president is going to be and what the composition of senate is going to be. Yes, it is. Youre talking about workers in rooms as though theyre make the decision, the decisions have been made, theyre simply doing an envelope, taking a ballot out and putting it in a pile so i
Since winning the election youre playing jeopardy with your life. Plus, an extraordinary journey of love and covid from a patient who was put in a medically induced coma hear her urgent warning. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Dow 30,000, First Time Ever, its been a great cnbc day and a historic milestone on wall street stocks surging even as america enters its darkest chapter yet of this pandemic the pain on main street cannot be ignored many families are broke, hungry, burying loved ones or saying goodbye on a cell phone screen, and relief from washington is not coming, not yet. But experimental vaccines are fueling hopes of an economic recovery, and a return to some sort of normalcy i want to show you a look at the dow. Were obviously here now, but what a road to get there, along the path, thousands and thousands with a roller coaster. You can see the middle of february right there they have shattered the gains, and all the way
Since winning the election youre playing jeopardy with your life. Plus, an extraordinary journey of love and covid from a patient who was put in a medically induced coma hear her urgent warning. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Dow 30,000, First Time Ever, its been a great cnbc day and a historic milestone on wall street stocks surging even as america enters its darkest chapter yet of this pandemic the pain on main street cannot be ignored many families are broke, hungry, burying loved ones or saying goodbye on a cell phone screen, and relief from washington is not coming, not yet. But experimental vaccines are fueling hopes of an economic recovery, and a return to some sort of normalcy i want to show you a look at the dow. Were obviously here now, but what a road to get there, along the path, thousands and thousands with a roller coaster. You can see the middle of february right there they have shattered the gains, and all the way