The s p market barely budged but the stunner was the bond market, hitting its highest level since march. Chris called this on the show a couple weeks back. Where are we headed from here . I think we are headed with the yields going up still. What is important about this move, it is not a few days old it is a few months old the trend here is several months old. I think any shortterm pullback in bond yields, that would be an area to be a seller of bond. We think yield can go up from here if you look at the longer term chart, you have to focus on where yields bounce from in 2016 and where they broke down from in 2020. When you look at this move, i think 130, 140 is ultimate lit where this is likely to go thats where the key levels are. I think as bond yields have gone up, the yield has gone up. 80 basis points and i think Equity Leadership changes ri long with that the kre here is starting to break out, not just relative to s p but on its own right the technical is starting to improve her
Texas becomes the 1st us state to register a 1000000 covert infections, and its now resorting to mobile more scientists. A painting that the number of virus related deaths will spiral developers of a russian corona. Virus vaccine provides distribution after advanced trials point to being highly effective. Hungary says it wants to join the queue for the production, the at least part of the production, 200. Welcome you are watching on c. A furious about their countrys peace deal with azerbaijan. They see it as a humiliating defeat. For the last 2 days, 11 has been gripped with unrest. Protesters have been calling for the Prime Ministers head to roll. I was going to do was well then rest continued into the night with police resorting to using tear gas. And one point protesters gathered near the Parliament Building where multiple arrests were night. Before my canadian diplomat, jeremy kinsmen explained to us why hes optimistic about this peace deal. When you have a narrative that goes back
It is great to be back as we kick off and our inaugural speaker as you mentioned is the professor of Business Administration at the school at uva and today is going to discuss his latest book that is so relevant given the current discourse going on in the nation with the word and, the most powerful word in our language. Lets find out why in the power of and the responsible tradeoff. Because they just opened a philosophy factory by the interstate. You will be fine. I got very lucky and ive always taught in Business Schools but that sends optimism and idealism in the shadows of this awful pandemic and the devastation that has occurred in the world in many communities. Is still remain incredibly optimistic we will find a way out of it. We will find our way to Racial Justice and build a better world with all of us. I want to focus on the debate which exist about ethics and capitalism there is an old story about business that is deeply rooted all over the world not just in the us and you kn
About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector
Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we