And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Livermore. Find that jacket. Concord at 44. Thats also colder. As we look ahead to the rest of today itll be sunny and warm. The mornings where we have a minor issue. I will be back with more on the rest of the forecast including thanksgiving in a few minutes. For now lets see how the drive is doing. Its a little busy. We have a couple of hot spots in the east bay. Lets start on westbound 580. Thats where chp is clearing a crash over to the shoulder. They just ran a traffic break. You will see a few brake lights. Hopefully they will get that out quickly. We have an advisory that was davis. A serious accident. This is a fatality. Davis street will be shut down. You can exit 98th over toward 880. Troubling new coronavirus days before the thanksgiving. Cases tripling in past month and hospitalizations up almost 80 compared to two weeks ago. Today at noon health and Human Services secretary will update on californias fight against coronavirus. You can see it right here. The fda has asked a
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at
Joe biden set to receive his first president ial briefing. President donald trump still trying to convince the country the election was stolen. But a former official sets the record straight. There is no indication or evidence there was any sort of hacking or compromise of election systems on, before or after november 3rd what chris krebs is saying about being fired by tweet for speaking out tensions high overnight a funeral held for irans Top Nuclear Scientist assassinated in a targeted hit, irans leaders are now vowing revenge and to carry on his work. Monday mess, a fastmoving storm targeting the eastern half of the country with strong winds and rain and yes, even snow. Al has the forecast. And 9 billion spent on black friday alone, setting the stage for what could be the biggest cyber monday ever. This morning, where the deals are today. All of that and plus amazing escape. And there is a big fire there. A racecar bursts into flames and the race driver is emerging from those flames