Or 1800743cnbc. Today our hospitals are packed with covid patients. This milestone seems damn right crazy. After another trip of the dow surged 455 points and s p jumped 1. 6 i am telling you that this surge to 30,000, dont look at it that way. How do we explain this region of the bull market. Ten reasons why this thing work. Not only it will holdup overtime, you got to know it first, the results, results wont be overturned. There was a slim chance hell be able to beat biden in the courts or if not the polls but he could not pull it off. At the end of the day there was just not any fraud when the president lost in pennsylvania, it is up second, vaccine. We got one vaccine of 95 efficacy from pfizer the second one is similar. Then astra seneca. 100 million doses to the United States by years end if they get the delivery right which they probably will. You have to hope it will go to First Responders and Nursing Homes and you get it at the pharmaceutical locations trust scientists and tha
87, the russell small caps up 20 , its best month ever can the run continue and moderna says its ready to file for emergency use while novavax announces a second delay in its late trials we have the details. P power lunch starts right now it wouldnt be a record rally if there werent some bumps along the way. Was today just a oneday pause or something more . Lets go to bob pisani for more. Hi, bob. Hello, kelly. It actual its actually not a bad day. We were down 447 points, weve regained almost half of that if you look at whats down today, Energy Stocks, some up 30 for the month. Thats down. Bank stocks, another amazing rally. Look at this, tech is up apples had a monster day, up overall some of the semiconductors also doing well health care is down fractionally, thats a defense of group if you look at whats going on for november and the value cyclical location, this must be an alltime record for Energy Stocks banks up almost 20 , industrials as a cyclical group. So theyre not selling t
Arizona for biden. Dow is up 191. Were going to start with disney though and a surge for shares this morning following the strong earnings last night and that enormous pop for disney plus subs. Julia boorstin is going to break that down for us hey, julia carl, disney plus accrued 73 Million Subscribers. The companys 120 million paid Digital Subscribers are a bright spot the company says suspension of the next semiannual dividend is in part to priority the direct to consumer initiatives. Its very clear what the new content has subscribers. I think youll see continued increase in investment and then that will fuel some of the growth that christine will talk about at the Investor Conference that we expect on december 10th. The company says theyre reassured by booking trends that cruise ship bookings for next year are very strong pushing to open disneys closed california parks, he called californias restrictions arbitrary. Were very encouraged by the prospect of a potential vaccine. Were e
Credit spreads really came in a lot. Basically, this tugofwar. Do you look at nearterm challenges or 2021 . Jonathan looking forward to this conversation. Gershon distenfeld is with us. Good practice social distancing. You can take it off for the interview. Great to catch up. The shortterm risk versus the longterm risk. That is a part of the conversation at the moment. One thing that you said that is important, you cannot draw a hard distinction between the shortterm and longterm. Shortterm can actually shape the long term. Can you walk me through your thinking at the moment . Gershon absolutely. The mask is not what you think. It is a plea for you to come home. Know howuse we dont to run elections here doesnt mean that you cannot come home. You may have voted for brexit over there, but you dont really know what you are doing over there. Jonathan i dont think you want me to weigh in on the election right now. You dont need the view from london. I will come home soon. Can we start with
Exactly mean for your money. What does it mean for your money . We have that coming up. Brickandmortar retailers are finding a way to beat back amazon so should you give them a look. President trump is saying he is battling for election inan integritity as his team battles. We are ric grenell coming up on making money. Another. Charles another intriguing session with major indices belying what is going on. Major indices slightly in the red. I got to tell you the session began with sort of two groups sitting it out and that was communications and Technology Stocks. That signaled of course this continued rotation into what im calling the normalcy trade. Then in the last hour or so the tenor of the session sort of took another turn where you started to see those sectors that signaled classic defense as lower. Utilities, real estate, consumer staples, all sort of drifting. Both scenarios have a clear message that investors are a lot more optimistic about the economy which means a broader r