Vice president pence, senator Kamala Harris. Faceoff in the first and only vp debate. What to expect and how the night could impact the election. Plus boarded up and seeking shelter. Hurricane delta slams into mexico and heads our way tonight, tracking the storm, as it barrels toward a better gulf coast. Live from cnbc global headquarters, the fact, the truth, the news with Shepard Smith. Good evening again tonight our nation is at an impasse. Many of us and those who lead us are dug in on how to tackle the coronavirus. How to shore up the lives and livelihoods of those caught in the covid crosshairs, the infection rate is climbing rapidly. That is not in dispute, but we as a nation are at odds about how exactly to live with it, how to fight and where to fold as we stare down the killer among us and what to do about the money that tens of millions of americans desperately need stimulus talks are stalled and many who suffer wonder right now if help is coming at all as our leaders play p
Earnings walmart going on a hiring spree. Home buyers are rushing for mortgages. Is the consumer stronger than you think . Power lunch starts now and welcome to power lunch, im Frank Holland in for Tyler Mathisen nike hitting an alltime high soaring 9 on a blowout Earnings Report Johnson Johnson also higher on its vaccine progress for more on whats driving the action, lets get over to bob pisani hey, bob frank, we are sitting at the lows for the day, 3,280 on the s p, about where we ended on friday and the problem is this seesaw in the megacaps and workfromhome names take a look at megacap, this is a down day yesterday was an up day. Monday was generally a down day. You get the idea hard time figuring out what the right values or prices this high same with the workfromhome stocks theres a theory out there that these will be beneficiaries of worsening coronavirus cases in the United States, maybe, but theyre starting to split. Theyre not always up on the stays when some start moving on
Vice president pence, senator Kamala Harris. Faceoff in the first and only vp debate. What to expect and how the night could impact the election. Plus boarded up and seeking shelter. Hurricane delta slams into mexico and heads our way tonight, tracking the storm, as it barrels toward a better gulf coast. Live from cnbc global headquarters, the fact, the truth, the news with Shepard Smith. Good evening again tonight our nation is at an impasse. Many of us and those who lead us are dug in on how to tackle the coronavirus. How to shore up the lives and livelihoods of those caught in the covid crosshairs, the infection rate is climbing rapidly. That is not in dispute, but we as a nation are at odds about how exactly to live with it, how to fight and where to fold as we stare down the killer among us and what to do about the money that tens of millions of americans desperately need stimulus talks are stalled and many who suffer wonder right now if help is coming at all as our leaders play p
You have that poll in the wall stre street journal and maybe the stock market considering maybe we wont have a contested lebs if the polling tells you anything accurate about where this race truly is what do you think investors should be taking from this move . I think thats correct. I think the two primary drivers for the higher market today are certainly the fiscal spending and what it equates to in the near term and the dynamic in the market for a trade and investors to extap larapolate is a rise i yields were finally seeing a welcome rise in yields and that is certainly on the belief of both of those actions i mentioned previously you have that to consider and how you want to trade that it has a direct impact perhaps on growth versus value, the polling on the upcoming election and were thinking about the president s health and what all of this means for the Campaign Going forward. So youve got a number of things in there. Lets start with yields. Rates being 0. 74 as a new high or r
Trumps Health Condition seems to be improving following what by many reports was a bit of a rocky weekend. And part of that improvement is thanks to an experimental treatment from regeneron shares of that company are up 7 well look at the stocks behind the president s battle of coronavirus. And later, fears of a second wave sweeping the world. What does it mean for economic recovery here in the u. S. And around the globe power lunch starts right now at thtyler, thanks. There is hope the president will be discharged soon and a stimulus deal will get done eventually first we start with tKayla Tausche tracking the president we have been waiting for several hours for an update on the president s condition, whic we still have not received here youre looking at the scene right outside walter reed where we will take you later this afternoon. Meanwhile, the cluster of cases at the white house is growingpress secretary Kayleigh Mcenany stating after testing negative sentconsistently, incln ever