Recordbreaking rally after we head into a long weekend while it has been a number to remember, the best month in 33 years, the recent leaders and laggards have been turned upside down chevron leading the way and apple up only 7 power lunch starts right now hi, everybody, im kelly evans. Stocks are pulling back after this huge november rally lets go to dominic chu. A huge november rally thats put the dow at least in some catchup territory as you can see in the 2020 over the last year plus, weve seen the dow industrials just up 6. 5 in that span the s p, meanwhile, is up 16 , nasdaq up 40 . That catchup play in play right now. Watching whats happening with the rotation element weve been talking so much about, as tyler mentioned, look at the way energy has played out just over the course of the last month 38 monthtodate gains for the energy etf financials up 19 . Industrials up 17 the value and economically sensitive sectors are the ones leading the way higher in the month of november. As
Child for antitrust how it could become the post posterchild for a market pullback time to risk less. Theres a growing sector of the bank any time theres a growing activity in the banking seccer it to could be time to take a breath carter thats right, with the bump up in rates, regional banks have come back to life in a big way theres been m a in the Asset Management space so were going to look at some of these areas of the market in relation to the republican and zero in on blackrock the first chart you have three lines even though it looks like two. The top line is the s p. The threeyear chart, s p up 38 . The two other lines are tightical and two separate Industry Groups in the s p the first is s p 500 investment banks and brokers, thats goldman sachs, Morgan Stanley and others and the other is s p 500 Asset Managers and trust banks, things like t. Rowe, blackrock, invesco, state street and so forth imagine on a threeyear basis having no gains. Look at a chart since the financial cr
Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at
Washington ramps up pressure on beijing. Goldman sachs raises billions for a new fund to focus on private equity. The move comes amid rising interest in secondary investing. Haidi lets look at what the day has in store at the sydney open. We are expected a muted start to trading in asia after downward pressure coming from the u. S. Session overnight. Restrictions continue to take place to curb the the Coronavirus Spread we are starting to see accelerate again, even as we get further good news on the vaccine front. Trading marginal. The u. S. Dollar held to the lowest we have seen since april 2018. We are also seeing the aussie dollar on the back foot. Nikkei futures look like they will see a muted start to trading. Shery lets get started with good news on the vaccine front. Pfizer says final Data Analysis shows its covid shot is 95 effective. The ceo of its german partner told bloomberg about plans for mass production. Our goal is to supply up to 50 million doses by 2020 which andd go