Reported yesterday and a top Infectious Disease expert says its about to get worse. Power lunch starts right now and welcome to power lunch everybody, the election shifting towards joe biden today. He took the lead in the counts in georgia and pennsylvania. Lets go to eamon javers to break down where we stand right now. Were stel loill looking at e same list of uncalled races. Joe bidens lead is increasing weve had more vote now coming in today from pennsylvania, moe are vote out from nevada in pennsylvania bidens lead over trump has grown to more than 13,000 votes. Take a look at the state of pennsylvania we are about 96 complete. Too close to call there. The difference there 13,220. Thats the whole ball game if joe biden wins there, this race is over because thats 20 electoral votes. Biden only needs 17 at this point to go over the top in nevada, press conference just wrapped up in clark county, home to Las Vegas Biden expanded his lead there and is up to 20,000 overall in the state.
Would be down a quarter of a percent for the year. Scarlet down to the wire. Julie very exciting. Its been sort of paring its declines as the day has gone on. Like it has for so many days this year, particularly in the last quarter of the year. It is tracking oil prices. Take a look at the bloomberg terminal. Earlier, we had a it in oil. Take a look here. Here is the s p 500 in white. Here is oil, the trajectory going right along with stocks. That is quite common. We have been looking at this correlation between oil and the s p 500. Chart. About a 2. 5year that correlation is at about 0. 4. Not an exact correlation, but a relatively high one. And we see it anecdotally, that the two are moving and chan in tandem. Scarlet what about natural gas here . It tends to move on weather and the weather has gotten a little bit cooler. Julie natural gas has had another pop today. It fell sharply yesterday. It is a bigoted a, up by 7 . The gains it is up again today, up by 7 . You see all of the ga
Opportunities will slow growth aboard mean opportunity here in the u. S. . We are debating that today. You know about sonys woes. A live demo on a creative way to protect your emails. All of that is coming up. Lets get to bob pisani standing by at the new york stock exchange. The dow is on the rise. The important thing is the s p has been moving. The problem is energy. When you get 2 down or so in oil and then a 7 drop in natural gas you have problems. Take a look at the xop. This is the etf to watch. Both oil and natural gas are to the down side. You can see it started down and stayed down 3. 5 and hasnt been going anywhere throughout the day. Big names like chesapeake and range resources on the down side today. Bio tech also weak. We have disappointment over at gilead. Not picked for an important drug. Tech stocks moving, Old School Tech stocks doing very well today. Intel, ibm, cisco systems, Texas Instruments on the upside. People are moving a lot of money around internationally. W
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Many international ETFs are trading at a premium compared to their indicative intraday value (I - NAV) after the market regulator Sebi asked mutual funds to stop fresh subscriptions in their overseas ETFs from April 1.