Markets. Dow is up 181, 30,150, all three of the averages setting record highs today. Shannon, you have made some very interesting moves in your portfolio, both what you have trimmed and what you have added to first to what you have trimmed apple and microsoft. T tell me why. So really two different stories here, scott. First of all, ill start with microsoft. As i talked about on the show, this is our Largest Holding and remains a very high convince for us we still have a lot of confidence in azure and the endtoend software it offers but from a portfolio perspective, it was time to trim apple, weve seen a significant runup, 75 in the last year and we really feel like a lot of that has come on multiple expansion. Weve gone from about 15 times to about 27 times. Although we do believe in the services storyand the mo monetization, we think there are better opportunities we trimmed back from a market weight to an underweight were going to continue to hold the stock and maybe look for oppor
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
Stock hitting what . An alltime high ahead of its investor day next week, despite all the obstacles that face its parks and movie businesses weve got those details. Look at disney run and later the director of National Intelligence says china is the greatest threat to the United States and wall street may be getting stuff in the middle of the war of words we will explain as power lunch begins right now thank you, ty. Record highs across the board including the russell small cap two 2000 lets go to dom chu. The composite index is still up on the yeartodate basis offer the last few months, the gap or difference between the dow and s p has stayed relatively constant. Still, though, the s p up 14, the dow up 5 to 6 on that yeartodate basis looking at other trends in the markets today, look at shares of caterpillar. One of the bigbigg egebiggest ie biggest contributor. Caterpillar shares up 4. 5 we put a gold star up there as well one of the other things that were watching right now is what
Concerns about jobs and especially about the coronavirus. Well talk about it all. Im connell shane, welcome to after the bell on a friday, and its time for the news thats happening at this hour. Our fox Business Team coverage, blake burman at the white house, Edward Lawrence is in washington, jer true willis in new york. Edward, we kick it off with you and the details on the jobs report. Reporter theres still some growth, plus looking forward to stimulus. Thats what the markets like. In november the economy added 245,000 jobs, almost half as much as the the experts thought. The unemployment rate, though, dropped to 6. 7 , well below what the federal are serve estimated from last summer. Now, the administration saying this is a fundamentally strong economy, and were moving very quickly in the right direction. Listen. President trump has always add slow e candidated keeping advocated keeping businesses open and keeping schools open. Thats very important. All right, thats a good point. So
To hospitals across the country anticipating their final. Now, more on this process. Reporter hey, maria teresa. Good evening to you. We are getting some new information from fedex about kind of their operations from today. What we know is that it is wheels down and then right back up. There are Freight Cargo Airliners right behind us here with the vaccine on, and they were here earlier today. They were able to transfer over into trucks and to other airplanes and go right back up again to other hubs and other routes across the country, like we mentioned some 636 sites total. Now, when it comes to all of this that goes into it, youll see here in this footage provided by fedex, it is a very urgent process but a delicate one. Each box has its own subzero housing to keep the temperature really low. It also has a tracker in it. There is Security Escort provided to these shipments, and of course faa is providing priority to any air flights going out that house the vaccine. And of course this