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
Chips. And, Microsoft Online Game Services hitby by an outage. Dropping amid a tuesday. N big tech the ecommerce giant amazon facing an antitrust complaint from the eu abigail, walk us through the factors dragging stocks down today. Abigail another mix today. Another down day for tech and the nasdaq 100 in particular having the worst two days and months. On the others, other sex is and indexes doing well such as the russell 2000 and other cyclically minded sectors. 4 . Worst slide, down about investors want out of this years stayathome trade. Investors charging forward into the reopening trade. Inout, inout. As for what was dragging on technology, you were talking about amazon. , in a, now down that youn, the eu talk were mentioning. This was the ultimate stayathome stock. If the economy is going to reopen, recover a little bit sooner than expected. Even as the virus numbers are worsening right now. Investors one out of amazon, one out of microsoft. Zoom, these stocks up so much on the
Trumps Health Condition seems to be improving following what by many reports was a bit of a rocky weekend. And part of that improvement is thanks to an experimental treatment from regeneron shares of that company are up 7 well look at the stocks behind the president s battle of coronavirus. And later, fears of a second wave sweeping the world. What does it mean for economic recovery here in the u. S. And around the globe power lunch starts right now at thtyler, thanks. There is hope the president will be discharged soon and a stimulus deal will get done eventually first we start with tKayla Tausche tracking the president we have been waiting for several hours for an update on the president s condition, whic we still have not received here youre looking at the scene right outside walter reed where we will take you later this afternoon. Meanwhile, the cluster of cases at the white house is growingpress secretary Kayleigh Mcenany stating after testing negative sentconsistently, incln ever
About 772. 00 deaths per day and under a more aggressive figure that would be about 1200. 00 deaths per day so whereas most European Countries their death rates are lowing lowering here in the u. S. Its just keeps increasing brant. As you just mentioned there are some parts of europe are seeing a 2nd wave of cases what restrictions if any are European Countries doing to deal with the outbreaks so lets take a look at how some of the European Countries are doing right now and how are theyre dealing with their 2nd wave of the virus so france for example they have over 30000 deaths now they have just banned large gatherings in some regions and theyve also imposed a mandatory face masks in hundreds of across france in spain where there is over 228000 deaths now theyve just seen a spike in new cases in catalonia so a new state home water has just been placed on about 4 and. 1000000 residents brand and thats a huge blow for tourism for spain as some European Countries like the u. K. Have issu
Were around 2500. 00 deaths so its been lower and now and new the c. D. C. Forecasts said theres going to be anywhere between 1940022040 extension 00 deaths by september 12th so on that estimate the lower lower estimate would be about 772. 00 deaths per day and on the more aggressive figure that would be about 1200. 00 deaths per day so whereas most European Countries their death rates are low ing lowering here in the u. S. Its just keeps increasing brant notes are as you just mentioned there some parts of europe are seeing a 2nd wave of cases what do restrictions if any are European Countries doing to deal with the outbreak so lets take a look at how some of the European Countries are doing right now and how they are dealing with their 2nd wave of the virus so france for example they have over 30000 deaths now they have just banned large gatherings in some regions and theyve also imposed a. Mandatory face max in hundreds of amenity palate hes across france in spain where there is over