You can see the dow is reacting. The nasdaq has turned positive by. 1 or 12 points and we are entering, of course, the most crucial month for the retailers. Many stores still shut down but the stocks are rallying, especially Department Stores, as you see right there. Look at the macys, and nordstroms. Once again, power lunch starts right now. Thank you, tyler im kelly evans. We begin with the markets this hour the dow was up 11 in november that would be a good year. It would certainly make it the best month for the index since 1987 up 25 today. Dom chu has more on the action its a catchup trade for the dow. It has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s p 500 as well. Remember, the green lighne, the nasdaq far outperforming other indices. Now the dow trying to play a little bit of catch up here. A good month for the dow shaping up well see if it holds as we head towards december another big thing to watch is whats happening
First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
Tonights speakers. Dr. Peter grinspoon is a primary care physician, educator and cannabis specialist at Massachusetts General Hospital and instructor at Harvard Medical School and a Certified Health and wellness coach. He is also the author of free refills. A doctor confronts his addiction will be joined in conversation tonight by Marion Mcnabb mcnabb is the president of the Cannabis Center for excellence, inc. , a Nonprofit Organization that conducts Citizen Science focused studies and programs in. The areas of community engagement, medical cannabis, adult use, cannabis and social justice in the cannabis industry. Dr. Grinspoon presenting his new book, seeing through the smoke. This book is an unflinching examination at the grossly misunderstand drug that data driven medical science and a critical Historical Perspective to reveal the truth behind cannabis by focusing on the critical purported harms driving pregnancy addictiveness, memory, and by focusing on the most cited medical bene
Tonights speakers. Dr. Peter grinspoon is a primary care physician, educator and cannabis specialist at Massachusetts General Hospital and instructor at Harvard Medical School and a Certified Health and wellness coach. He is also the author of free refills. A doctor confronts his addiction will be joined in conversation tonight by Marion Mcnabb mcnabb is the president of the Cannabis Center for excellence, inc. , a Nonprofit Organization that conducts Citizen Science focused studies and programs in. The areas of community engagement, medical cannabis, adult use, cannabis and social justice in the cannabis industry. Dr. Grinspoon presenting his new book, seeing through the smoke. This book is an unflinching examination at the grossly misunderstand drug that data driven medical science and a critical Historical Perspective to reveal the truth behind cannabis by focusing on the critical purported harms driving pregnancy addictiveness, memory, and by focusing on the most cited medical bene
Care physician, educator and cannabis specialist at Massachusetts General Hospital and instructor at Harvard Medical School and a Certified Health and wellness coach. He is also the author of free refills. A doctor confronts his addiction will be joined in conversation tonight by Marion Mcnabb mcnabb is the president of the Cannabis Center for excellence, inc. , a Nonprofit Organization that conducts Citizen Science focused studies and programs in. The areas of community engagement, medical cannabis, adult use, cannabis and social justice in the cannabis industry. Dr. Grinspoon presenting his new book, seeing through the smoke. This book is an unflinching examination at the grossly misunderstand drug that data driven medical science and a critical Historical Perspective to reveal the truth behind cannabis by focusing on the critical purported harms driving pregnancy addictiveness, memory, and by focusing on the most cited medical benefits relieving chronic pain, sleep anxiety, autism a