One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Authorizati authorization as soon as today and well have analysis of the upcoming Holiday Season. And later on, a 170 mile trip for one lonely owl that you could call a miracle on 49th street you are watching worldwiworldwe exchange right here on cnbc fly free free bird, yeah happy friday, im democrat ni dominic chew u in for Brian Sullivan as you can see, the dow jones currently implied lower by 77 points fr so slight outperformance from the nasdaq here, implied open by six points to the up side. The major averages all snapping two day losing streaks yesterday. The dow on pace for its third positive week in a row, but just barely rest nearly flat on the week take a look around the world, a mixed session overnight any asia as you see, the nikkei down when 0. 5 and similar gains in the chinese markets. Meanwhile trading just Getting Started in europe with about half percent gains for the major forces there, including the german dax, ftse 100 and cac again, green across the screen in eur
28 full minutes. Terrified cnbc viewers watched slack jawed as he ranted. Here is part of his performance. Hell is coming this was a feeling like ive never had. Like theres a tsunami coming, right . A tsunami is coming. You feel it in the air. The tide starts to roll out, ok . On the beach, people are playing and having fun like theres nothing going on. Thats the feeling ive had for the last two months, ok . And my colleagues at work, ok, thought i was a lunatic we need to shut it down now america will end as we know it, ok . Im sorry to say so, ok, unless we take this option. Bill ahman was afraid, and he wanted you to be afraid. He was especially frightened for the future of Hilton Hotels. Hilton hotels ahman proclaimed, is going to zero along with every other Hotel Company in the world. Every hotel is going to be shut down in the country. Every one talk about scary but in the end, not for bill ahman. Not long after that appearance, we learned that his firm had made more than 2 billi
Terrified cnbc viewers watched slack jawed as he ranted. Here is part of his performance. Hell is coming this was a feeling like ive never had. Like theres a tsunami coming, right . A tsunamias is coming. You feel it in the air. The tide starts to roll out, ok . On the beach, people are playing and having fun like theres nothing going on. Thats the feeling ive had for the last two months, ok . And my colleagues at work, ok, thought i was a lunatic we need to shut it down now america will end as we knowth i, ok . Im sorry to say so, ok, unless we take this option. Bill ackman was afraid, and he wanted you to be afraid. He was especially frightened for the future of Hilton Hotels. Hilton hotels ackman proclaimed, is going to zero along with every other Hotel Company in the world. Every hotel is going to be shut down in the country. Every one talk aboutng scary but in the end, not for bill ackman. Not long after that appearance, we learned that his firm had made more than 2t billion from