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
Today. Im at the boeing post, where that stock is rebounding right now. Up 2 . Weve got more on that in the meantime, the rest of the market hovering near alltime highs. Weve got 59 minutes to see if we can eke out a new record. Yeah, but just losing that momentum, morgan, in the last few minutes, now red on the a s p 500. Im wilfred frost. Good afternoon to you. Lets look at whats driving the action some trade pessimism as we got news that phase i of the u. S. Trade deal may not be signed in november, as planned Solid Earnings reports from merck and pfizer helping give the Health Care Sector a boost, but tech has turned lower with disappointing results from alphabet and grubhub, driving the nasdaq lower also to come today in our beyond the bundle series, we will get the details from at t about their new hbo max service and well also speak with one of the disrupters in the mccollum the interview coming up on closing bell. We are just negative for all three of the major indices of cours
The answer, unfortunately, is the very culprit caught in a u. S. China tugofwar right now. Details on what can boost chinas productivity and whether they could gain access to it september 1st is when drug Price Reductions are set to take effect and one of our guests says it will make the entire largecap pharma space vulnerable and it will hit five names first. We have those details ahead. If thats not enough, dom chu has a look at the market you and i have been up very early and we are still upright right now and kelly, if you look at the board behind me, youll see things havent change a lot from when we were on in squawk box this morning, but we have seen an acceleration in the Technology Trade well get whats driving that sentiment in a couple of minutes here and the dow industrials are just about flat on the session and thats pretty much unchanged. The s p 500 is up 18 points and onehalf of 1 and 18 points at the highs of the day we were up roughly 22 points there and down 11 at the
Reckoning is looming. An article of impeachment is expected monday unless the president resigns, of course. Even some republicans say he went too far. I have to say i do think the president s behavior this week does disqualify him from serving, but weve got ten days left, 11 days left. He is not going to be serving after that time. One of the things that im concerned about frankly is whether the house would completely politicize something. I do think the president committed impeachable offenses but i dont know what is going to land on the senate floor, if anything. Now, the lives of Vice President pence, his family and u. S. Lawmakers were imperiled by wednesdays riot. Sources telling cnn the president and pence havent spoken since that day. Extraordinary. Weve also learned that pence will attend joe bidens inauguration and he has also reserved the right to invoke the 25th amendment as a last resort. Five people died in the carnage including a Capitol Hill Police officer yet the white
It is just a matter of days donald trump could be impeached for the second time as the magnitude of the deadly riot he incited comes into sharper focus. A political reckoning now looming. An article of impeachment could come as soon as monday, unless the president resigns, of course. Even some republicans say he went too far. I have to say, i do think the president s behavior this week does disqualify him from serving. But weve got ten days left, 11 days left. He is not going to be serving after that time. One of the things im concerned about, frankly, is whether the house would completely politic sigh something. I do think the president committed impeachable offenses, but i dont know what is going to land on the senate floor, if anything. The lives of Vice President pence, his family, and u. S. Lawmakers were imperiled by wednesdays riot. Sources told cnn the president and pence havent spoken since that day. Extraordinary. Weve also learned that pence will attend joe bidens inaugurati