In 2020. The mcrib is back. We will give you the juicy details. The nasdaq and dow gained. Alphabet soared to a new record as we kick off the final months of this year do you keep with the big tech trade . What does that mean what he is getting himself into. James mcdonald, i want to say on the sides and behind the cameras, welcome i know we are thrilled to have you and cnbc is thrilled to have you. And i know melissa lee is tlo d thrilled to have you because i believe you both attended harvard. Maybe he didnt hear me. He said thank you a lot of stocks specifically google, has been carrying finerman for years but can these continue higher, yes. Although i am skeptical on the broader market, google has been steadfast. They had an amazing quarter, huge run post earnings so we said that night that despite the 12 or 13 move, the stock was probably cheaper then than in the past 24 hours. It is only trading 28 times next years number with a huge cash forward and probably 21 or 22 growth so t
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
We start off with the stimulus slide, stocks sliding off Speaker Pelosi held a phone call with steven mnuchin. Lets get the latest from ylan mui. Whats going on here they have agreed to talk again reporter thats right, melissa. We know the phone call at 3 00 p. M. Lasted for just under an hour pelosis office sounded fairly positive on twitter, her spokesman said they continue to narrow the difference differences. Now, pelosi and the treasury secretary will speak again tomorrow, and by the end of the day, that 48hour deadline that pelosi imposed, they should have clarity on whether a deal is really possible before the election however, over in the senate, republicans are moving on. Theres not a lot of appetite in the chamber for the nearly 1. 9 trillion offers that the white house has been made to democrats. So one measure will be to extend the payroll protection program, and another one on targeted relief neither is expected to go anywhere, either, because democrats remain opposed on t
That and so much more on making money. Charles as President Trump tests positive for covid19, lawmakers around d. C. Are being affected as well. Edward lawrence has the very latest on whats happening in washington. Edward . Reporter charles, a lot going on here. I can tell you that any white house official within ten feet of a camera is going there and telling everybody that its business as usual related to the work that goes on here at the white house. I can tell you that the white house physician says the president is working uninterrupted. He does not have to disrupt what he is doing because hes having mild symptoms. This is the press secretary, White House Press secretary Kayleigh Mcenany about 30 minutes ago. Listen. This morning and this afternoon, were focused on the president. Were having to hold him back a little here because hes hard at work, he spoke to senator mcconnell today, senator graham, i just spoke with the chief of staff and President Trump has talked to him about e
Calling on congress to help the American People just one more time. Will the Congress Listen . Mitt romney says he will vote almost guaranteeing new Supreme Court justice by election day. She blasts those using feminism to try to block President Trumps pick. All that and much more on making money. Charles well it is a tenuous start to the session today as vast improvement over mondays start. Remember yesterday, right . So invest doors they continue to grapple with a whole lot of unknowns. What happens with aid or potential aid from the federal government. Also the Federal Reserve. What happens with the election. What happens when covid19 cases increase in the fall . Meanwhile investors decided that growth names that have pulled back enough just now to become safe havens once again as tech sector was the only winner in yesterdays session. It is powering ahead along with communications services. So what happens next . I want to bring in bny mellon strategist, alicia levine. With blueprin