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
By first Lady Jacqueline kennedy , dedicated to the preservation of the white house. And also educating american citizens about the white house and its diverse history. This evening, our guest is jim conroy, the author of jeffersons white house. Forwas a lawyer in boston 38 years before he began writing about american history. His previous book is lincolns white house, the peopless house in wartime, which won the prestigious lincoln prize. A you would like to ask jim question at the end of our broadcast, please type it in the comments section of the facebook feed and we will get to as many questions from our online audience as possible. Jim, welcome to white house history live. James thank you, it is a pleasure to be here. Colleen we are honored to have you. The first question in the is the setting for your book. There have been numerous books about Thomas Jefferson and about his presidency. Focus of thisque book on the white house as the s twog for jefferson terms in office. Can you t
Amd to buy xylinx. Is there more room to run on amd . Well explore that one when power lunch begins right now earnings season is supposed to be a report card for companies. Lets go to bob pisani for more on this lack of guidance bob . Kelly, once again, the Fourth Quarter, another quarter with the lack of guidance its a bit of a problem because the analysts again having a hard time figuring out what the right numbers are. Remember, the earnings numbers have been coming in very well, generally weathering but again, big companies, no guidance from caterpillar, 3m, xerox, Stanley Black and decker. Others like Harley Davidson didnt give guidance either. Raytheon, corning. No guidance from companies. Analysts have a tougher time and theyve been very conservative and wrong so far fortunately wrong on the conservative side. Look at all these companies out there. 83 are beating for the Third Quarter and theyve been beating by almost 20 . Its an amazing beat and shows you the analysts have been
Beat for alphabet. Spoke to the alphabet c. E. O. About the results. Ill give you the takeaways from that conversation coming up. Facebook beats the social s the covid her storm. 2021 might not do so well. Big word uncertainty. Earningsnating the calendar and on our show we also saw the results from amazon and twitter. Clobbered inng after hours trading. Well cover it all over the next hour. Abigail doolittle is watching the market moves from new york. Abigail, lots of different stories at play. Seeing . You incredible. Most anticipated day of earnings for any quarterback, at least we have some of the answers. Lets start out with the breakdown because were a tale of two stories. Relative to first apple and amazon. Well see declines. On the surface, they did beat adjusted earnings putting up 73 cents per beat by 4. 7 . They put up nearly 65 illion in overall revenue beating by almost 2 , but beneath the surface as you iphone tioning the sales disappointing, down 21 , and china sales wer
But the breakdown of oil today on Global Demand is really significant. Under 40, not only but well on to new lows right now, 39. 71 on world oil. It is much more about the pandemic than it is the epsilon off the american election. Jonathan a breakdown on the equity benchmark in frankfurt, germany, the dax suffering. What is new about today . The dollar bid through g10 against e. M. You mentioned the turkish lira this morning as well. The Dollar Strength returns with a bit of a vengeance this wednesday morning. Tom let me triangulate again here triangulate yen here, folks. You throw the dollar out and look at euroyen, and euroyen clearly indicates weak euro. Lisa teladoc a. M. , german chancellor ashtead 00 a. M. ,erman chancellor 10 00 a. M. German chancellor Angela Merkel discussing new restrictions to stave off the rapidly increasing number of cases of covid. Also at 10 00 a. M. , ceos of facebookalphabet, and are testifying to a Senate Committee on restrictions of political messages