To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
Surveillance, im Francine Lacqua in london. She targeted bloomberg, but she said about this appointment . Have they been for it or have a lot of the focus who know the had punches for pete and for amy. They had questions . Axel first, you can see the markets will be no the banks. Surveillance. But the question is, bloomberg was surging and biden was a joining as now, Ebrahim Rahbari. Reaction of the stock has been on the markets will be in positive. Distressed candidate. I ways think it is very does this shift the narrative, important when there are some polling . The banks. Conventional wisdom tells you changes, the market has the debates do not tend to move stocks down some 0. 2 . First reaction which was in voters opinions, but this one general positive. Clients have questions around was very fractious, very we did have corporate warnings. The process but i have not passionate. Tom what is so important here, what does wiki yen indicate to received feedback that was we are looking at
Come to order. I just want all members to know that our Witnesses Today have to leave at 5 00 p. M. The questions for the first panel on the hhs budget with secretary, and, welcome, mr. Secretary, will be limited to four minutes. The second panel on the minutesl case, but only 10 members will be able to ask questions during that round. I will have to be strict with the gavel, since the witnesses have a tight timeframe. I know that you will all cooperate with that. Let us begin. Welcome, mr. Secretary. We are glad that you are here. We have a lot to take up. Every bit of it is, obviously, serious. The chair now recognizes herself for five minutes for an opening statement. Let me begin with mr. Secretary. I think that the confusion is the enemy of preparedness. Confusion is the enemy of preparedness. I believe that the administrations lack of coordination to the Coronavirus Response is on full display. We all know that. Markets are reacting, i think, at least in some parts, to the lack o
Work but he does have a practical plan to prepare for volatility its time to risk less and make more options action starts now. Lets get right to it Health Care Getting a boost today as President Trump announced a new plan aman jabers has it latest from d. C. Aman reporter the president spoke in the roosevelt room today to roll out what this administration is doing on Health Care Transparency the president views this as a political win because a lot of people around the country agree with him that this is a kind of a shady area, pricing and hospitals. You dont have any idea what all these different procedures youre getting necessarily cost. The president wants to change that heres what he would do. The president saying that hospitals will now have to reveal discounted rates that they negotiate with their insurers theyre going to have to disclose prices on 300 Different Services you would schedule in advance. In theory patients would be able to then look at the prices and pick and choos
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The