Month of september, strong Consumer Sentiment numbers to go along with them. And later, gilead pushing back after the World Health Organization says the drug remdesivir does not prevent death in coronavirus patients. Weve got the latest details as power lunch starts right now thank you, ty. The markets are marching back after a few down days. Dom chu has more on whats moving decent sized gains but off the high of the session. We are up 243 points with the dow at the highs of the session, up roughly 348 points. You can see there, yes, still strong gains but not nearly where we were earlier in the day. The s p has reclaimed that 3,500 mark, the nasdaq only up about one third of 1 . The leadership in terms of the s p 500 has been in one week industrials and technology, both up nearly about 1. 5 meanwhile, the biggest laggard off nearly 2 is the real estate sector some of the stocks to watch with regard to covid vaccines and everything else, pfizer shares, possible vaccine for emergency us
Senator ted cruz will join us on why he thinks there should be more backlash for tech power lunch starts right now welcome to power lunch. Im dominic chu. Real estate, financials in the green as well. Technology stocks, though, the worst performing sector in the s p 500. On the dow youve got walgreens, the best performer after its Earnings Report this morning the company expecting 2021 Profit Growth despite the pandemic worst performer, it is vertech pharmaceutical kelly, ill send things back over to you. Thank you very much stocks well off their worst levels of the day. No stimulus, jobless claims higher so are covid cases earnings may be the only hope. To bob pisani for more on that bob. And, kelly, were near the highs for the day but there are reopening worries out there if you look at the markets you can see thats all the travel stocks are weak again so the airlines, expedia, weak, even work from home stuff like ebay, salesforce, same thing mastercard and visa and American Express
President respond to it today. I am not going to go into it at length, but let me cut to the chase. And arizona are where new york and new jersey were 85 days ago. That is what you need to know. It is extremely important to understand that something has changed in the last 24 hours. This is the story front and center today. Jonathan the numbers are worrying. They are concerning. I am not going to get excited about 3 billion of trade between the eu and the United States. This has got to be about the reopening process. Does it constrain policymakers ability to push forward in states like texas . It. you just nailed consumer confidence, i think, is probably going to be one of the biggest drivers. We are already seeing this anecdotally across the country. Meanwhile, we have economists trying to get their hands on around just what this means. We will get projection from the imf on their latest earth outlook. They already pretty good the deepest recession globally and almost a century. We ar
Throughout the show. Take a look at tesla up 6 premarket, its going to bust through another alltime high at the open, look at that up to 1277, also a story about red sucking shorts, thats what you call a tease, we will explain, also President Trump tweeting about the markets moments ago saying if you want your 401k and stocks which are getting close to an alltime high, nasdaq already there to disappear, vote for the radical left, donothing democrats and corrupt joe biden, massive tax hikes will make you very poor fast. That is the president tweeting this morning. Speaking of the election, we are for mental weight and joe biden says hes going to transform nation. What does he mean by that, youll guess pretty good as good as ours, he gave no details. Also President Trump will be holding a rally once again this time in New Hampshire this coming saturday and this time it is outdoors, the Trump Campaign is coming up on that shortly and as always a big three hours ahead im Ashley Webster Int
Whats of buying, we will get to the new record love lots of buying. And we will get to the new record lows. I cannot believe we are already in the Third Quarter. And pending home sales will be coming out. Guy and better than expected, the data certainly looks bit more optimistic. That may give you the month on month number. 34 point three, the prime number was 21. The prime under was 21. You need to look at the year on your comparisons to give you a benchmark as to where we are. Again, it is better but still not great. So you need to take all of this with a pinch of salt. 34 ,ess time, 34, down by we were expecting it down by 21 year on year. Down nearly 10 , but 10 is still a pretty big number. Alix it is like less bad is the data that we are continuing to get. We are going to tackle all these stories. In addition to this hour, we will focus on specific stocks. Chesapeake filing for bankruptcy. We will speak with stephen richardson, plus mark lehmann, president of Jmp Securities come