Drop sharp criticism from some, especially the former especially her Inspector General for tart. He has a terrible idea that has been circulating among officials in washington the past few weeks. Declaredsentially Mission Accomplished for programs that have attributed to the recovery so far allowed them to expire at the end of the year. Join us is a partner. Lets take the other side. What if its true . Lets take the money and bring it back to congress and reallocated for Small Business. Thanks for having me on. There are couple of problems with that. This is a backstop. The whole point of these programs was to be available in case things get bad again. Ofare seeing this tsunami virus sweeping across the country and the shutdowns are following it, this is exactly the worst time imaginable to pull the plug on these programs which were so important to stability across the country. The idea this is going to be repurposed for Small Business is nonsense. The bottom line is its going to requi
Week and its not just the dow, this is the best week for the other two major averages as well in seven months. Now to the election of what we know as we come to you at 4 00 oclock in the afternoon on friday, we still cannot call the president ial race and four key battleground states, pennsylvania where we are is one of them, were watching nevada, georgia, north carolina, uc alaska is still not called but that is suspected to stand up in the president s call, if the other for we are watching, pennsylvania, the big headline from the state, former Vice President joe biden taken the lead earlier today as a mailin both cumin, he is up by more than 14000 votes, the same thing happened overnight in georgia, as we look at george of the biden lead has been smaller but he has taken the lead by 1500 votes. We will follow with throughout this hour as we have you covered on all fronts, we have fox Business Team coverage, jacqui thJackie Deangelis, hillary vaun with abiding campaign in delhi were p
Reported yesterday and a top Infectious Disease expert says its about to get worse. Power lunch starts right now and welcome to power lunch everybody, the election shifting towards joe biden today. He took the lead in the counts in georgia and pennsylvania. Lets go to eamon javers to break down where we stand right now. Were stel loill looking at e same list of uncalled races. Joe bidens lead is increasing weve had more vote now coming in today from pennsylvania, moe are vote out from nevada in pennsylvania bidens lead over trump has grown to more than 13,000 votes. Take a look at the state of pennsylvania we are about 96 complete. Too close to call there. The difference there 13,220. Thats the whole ball game if joe biden wins there, this race is over because thats 20 electoral votes. Biden only needs 17 at this point to go over the top in nevada, press conference just wrapped up in clark county, home to Las Vegas Biden expanded his lead there and is up to 20,000 overall in the state.
They are getting louder and louder, including one from aoc, but she thinks we should just pay people to stay at home. I want to get reaction from congressman andy biggs about that at the bottom of the hour. All that and so much more on making money. Charles it feels like the markets marking time because its marking time. Right now, the s p has moved less than 1 for the week. The nasdaq is up about 1 for the week. The biggest story has been the continued celebration in the oil patch. The blue wave, remember, didnt happen and that was the big play there. The other side of that coin is utilities and thats why they have been actually slammed since the election, including this week. While buy has alternated between growth and value, it was stocks that were deeply hammered that actually enjoyed the greatest revival, particularly brick and mortar retailers. Even today, those names are up on better than expected earnings. All of this creating a dilemma. Do you buy the broken names with the mos
Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr