Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
The russian dissidents continue their president ial protest its makes me on the embryo and. I just. A feel so much injustice in system. And the United Arab Emirates and bahrain have signed a deal to normalize ties with israel the elaborate ceremony was held in washington d. C. And hosted by u. S. President donald trump who described it as a dorm of the new middle east but palestinians are outraged the agreement reverses years of regional ill feeling towards israel but lacks a resolution concerning its decades old dispute were dubbed the abrahamic accords by the white house the deal makes the u. A. E. And bahrain the 1st arab countries to normalize relations with israel in more than 25 years the agreement ends the u. S. Economic boycott of israel and allows the possibility of advanced u. S. Representatives to the emirates it could also have major geo political ramifications its been blasted by palestinians as a betrayal a sentiment echoed by regional players turkey and iran are White Ho
Friday, an incredibly strong job market and an economy. Maria bingo. Dagen i want to point out, there was a Consumer Sentiment report that came out from the university of michigan on friday, seven month high on Consumer Sentiment. Virtually none of the respondents, zero, or 1 of the respondents mentioned impeachment. You have wages that are growing in the november report for production and nonsupervisory workers, the growth in wages was near a post recession high, up 3. 7 . Thats higher than the overall growth rate of 3 . What does that mean . It means that income inequality is shrinking in this country. Thats what people feel. Thats what if anybody you talk to, theyre not talking about impeachment, theyre not talking about oh, what did trump say and wringing their hands about that. They know they can get a better job, they know they can get higher wages. Maria thats absolutely right. Dagen theres safety and security in their finances. Thats what matters. Maria incomeen equality, ive b
Im Andrew Ross Sorkin. You cant wear white pants. Im Andrew Ross Sorkin with joe kernen and mike santoli is here hanging out for becky who is still off today. Lets show you u. S. Equities at this hour. We have a little bit going on. Not too much just yet. The dow off 27 points. Nasdaq opening down 58 points. S p is off 9 points. Treasury yields with the 10year treasury is sitting at 4. 224. The 2year treasury at 4. 910. Have you noticed we flipped that board around, joe . The oil prices . No. The treasury board. That board, we used to run the 30year treasury. The 30year at the top and 2year at the bottom because the way the world used to work. Now the world is flipped upside down and here we are. That is a good metaphor. Mirror what is happening. You remember, andrew, years ago where were you on the show or before when greenspan said it. Its back. Combine the 2year. The 30year used to be the one to watch. Exactly. We should have done 100 about a year and a half ago. Would that have wor
17 british nationals, including children, are now understood to be dead or missing after the hamas attack on israel. This is the scene live in gaza well have the latest on the escalating conflict. And our team of bbc specialists is here for any questions you have about the Israeli Palestinian conflict. We start in israel and gaza where there has been another night of missile launches and air raids across the border while the prospect of an Israeli Ground invasion appears to be drawing closer. Here are the latest developments. Israel says that more than 1,200 israelis are now known to have been killed, since hamas launched attacks on saturday. 169 of those killed were Israeli Soldiers. The bbc understands 17 british nationals are dead or missing. Palestinian sources say that more than 1,055 people have been killed by israels bombardment of gaza, where entire neighbourhoods have been flattened. Israel has sealed all crossings into gaza. And were getting reports of a large number of Israe