Surging as the u. S. Rounds the corner on a vaccine. But how exactly will a vaccine work well speak to stanford medical dean, dr. Lloyd minor. Power lunch starts right now thank you, ty. Welcome to power lunch, everybody. Im kelly evans. Tech is the best performing sector today, up 2. 5 as it regains some ground it lost over the past several sessions. Take a look at big cap tech name apple, microsoft, amazon and facebook all higher today. You can see amazon and microsoft up about 3 . Flipside of the coin, Energy Stocks are lower the Energy Sector etf, exl up 14 . Taking a breather today. And despite all the volatility, the s p is up a whopping 9 to kick off november. Wow. Dom chu has more. We have talked about this rotation, whether its a great rotation, whether its a microrotation into some value type sectors like energy, industrials. We have some massive moves on some of the most beaten up stocks in the s p. This righthand side, this move higher than been led by many of those deeply
President macron criticizing erdogan for his insertion a regional power. Jinping, president xi opened a meeting to map out the countries next fiveyear plan. It could push the economy passed the United States within a decade. The latest roadmap will center around technological innovation, economic selfreliance, and a cleaner environment. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 5 00 in london, and 1 00 p. M. A. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following on the bloomberg and from around the world. The s p 500 heading for its biggest decline in seven weeks. Thanks to surging virus cases, the stimulus logjam, and general malaise. Virus cases rising in the midwest and the potential for fresh lockdowns already happening in europe is driving investors to sell.
With china while his father was a sitting Vice President. This as big tech remains under fire for blocking user access to this story. Coming up to discuss, steve bannon is here, georgia congressman doug collins and parler founder and ceo john mace joining us coming up. Were standing by for he retail sales this morning, ahead of the numbers, markets are mixed. Dow down 19, nasdaq up 15 and s p 500 right now down about three quarters of 1 point. Markets yesterday finished in the red, off of session lows by the end of trading, dow industrials gave up 19 points, nasdaq was down 54, s p lower by 5 points yesterday at 4 00 on wall street. The state of real estate, who is leading the push to flee big cities like new york to make a home in the suburbs . Plus flying right into your fridge, one airline is selling sky high meals in stores. Its making a buzz this morning. Mornings with maria is live right now. European markets are higher, take a look, the fq100 is up 41, cac is up 55, and the dax
Digital sales. More on that in a moment some hope on the vaccine front as well to mention j j entering trials with 60,000 volunteers though cases rising in many states here and abroad down 450 points. A sharp selloff in half an hour as kelly and frank were discussing on the show well speak with Ceo Marc Benioff well discuss how the pandemic changed business and his thoughts on oracle and tiktok deal plus more walmart is hiring tens of thousands of workers well speak to fubu founder and shark daymond john the stories were watching, mike santoli tracking action, sara with a look at nikes quarter mike, lets kick things off with you. Down 2 on s p. It seems as if really this rolling correction period in september has Unfinished Business to it didnt seem news driven though incrementally coming into the week, weak seasonal patterns a general sense if you were talking about an economic recovery, you werent getting fresh confirmation of that day to day of course nasdaq is in sell the rallies m
Minutes. Mike, any new issues popping up for the commute . No. Lets not jinx it. Looking at the green sensors all around the bay and little slowing out of the altamont as we expect this time every day. No problems Contra Costa County and pushing towards the bay bridge. Starting to build a little bit of volume and in the north bay we continue to follow those closures. 128, 129 all highways youll hear about related to the fires. Back to you. Thats right. Thats what were talking about. Breaking news we continue to cover. Fire crews working fast to cut containment lines around the glass fire in napa and sonoma counties. Theyre concerned about another round of red flag warnings. The fires burn nearly 52,000 acres. It is only 2 contained. Flames have destroyed 143 homes and damaged 46. Now the burn zone in napa and sonoma counties continues to grow. More than 26,000 structures remain threatened. And fire investigators are really trying to zero in on what sparked this fire. Massive flames on