House. And banks ahead of a slew of earnings reports today jp morgan and citi tomorrow before the open. 59 minutes left in the session sara and we are higher across the board. The banks stocks up close to 3 for some of them 3 up for the nasdaq. Best day for the nasdaq since april. Coming up, the ceo of ho logic plus we will speak with the council on Foreign Relations richard haas about how the handling of the pandemic in the United States is being viewed by the rest of the world and how it influences geopolitics first an update on the stories we are watching. Mike mike tracking the market action, ylan moi with the latest on the stimulus negotiations and more on the coronavirus treatments mike, what is driving this rally . Good question is it possible to have a low volume buying panic . Thats a little bit what it feels like today certainly the nasdaq doing most of the work. The big cap tech stocks. Look how it aektsds affects the 17ds it looks like an acceleration higher out of the trad
That their hopes misplaced . Will bitter partisanship prevail . All that and more on making money. Charles after breaking key resistance yesterday there is a little bit of backing and filling this is normal, in fact necessary before we make the next big test, i think retest of alltime highs. The question is how and when to position your portfolio . The rally is broading out than just a handful of names. Mr. Nasdaq winners than losers for the first time this year. Could oil stocks be among them . The top 20 winners on nasdaq, get this, folks the top 20 winners on nasdaq are up average 580 . How would couple of those change your life . The canary in the coal mine suggests that the economy is improving that could be great for the stock market and good for the economy. Here to hash this out, jim awad, dani hughes and bny mellons investment chief strategist alicia levine. Jim, i want to start with you. Ive been a very calming voice. Youve been very sure about the upside potential of this ma
The world. We will talk to the head of a major new jersey hospital that was on the frontier a few months ago and still are. Well find out what theyre seeing there and look at how covid has crushed urban real estate power lunch starts right now thank you, at thtyler. Markets are starting with a nice alley and broad base every sector is higher, except Energy Technology leading the way, up more than 2. 5 hi, bob. Seema, its a rally but look under the hood. Theres a very progrowth bias to this. A lot of the reopening stuff is not doing as well. Were getting what i call a big cap meltup here look at this, facebook, amazon, alphabet, microsoft and the volumes have been on the heavy side for this particular sector, mega caps. But only there lets take a look at some of the other stuff, some of the other what i might call workfromhome beneficiaries. Your costcos, your pay pals, and all of the chips are up here today. This is that pro growth bias you talk about look at stocks that used to benefi
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w
0. 719 andrew and we have numbers to bring you this morning from United Health group just out with its quarterly numbers. Reporting Quarterly Earnings of 3. 51 per share. It beat the consensus estimate of 3. 09 revenue also above forecasts, saying that medical care trends that had been disrupted by the pandemic are moving closer to normal you are looking at that stock up just marginally this morning and we have three more financials, bank of america this hour, Goldman Sachs in the 7 00 hour and then wells fargo in the 8 00 hour. Joe. Thankthanks, andrew. Another Clinical Trial halted over safety concerns, eli lilly late stage trial has been paused by u. S. Health regulation tors it used a Health Sample from one the first patients recovered from coronavirus ill given you more details. Because it leaves out something important. Of the trials ongoing of the antibody, they decided to add remdesivir along with the antibody and that is when they had to halt the trial for some kind of safety