For nevada, they are also threatening legal action in pennsylvania, georgia, and other battleground states. We should note that in the battleground state of pennsylvania, they are saying, the trump companion, they have victory by allowing poll watchers to be participating in these votes that are being counted. Either way, when i speak to sources on both joe bidens campaign and President Trumps campaign, both sides are saying they feel confident they will win. There are no more scheduled Public Events for President Trump later today. We are anticipating we will hear from President Trump on camera. Thatd that, we should note another state the Trump Campaign says they would like to see reversed is arizona. Where phoenixy, is located, those results anticipated in the evening hours, new york time. Bottomline, that is where things stand. There will become as you mentioned, as steady inflow of data, including in this hour in nevada throughout the day. David the subject of that pennsylvania vi
Targeted aid maybe, perhaps as much as 25 million for airlines we have details on that. Later, a democraticled house panel calling for a crackdown and breakup of the countrys biggest tech companies. The chair of the antitrust subcommittee will join us later this hour as power lunch starts right now tyler, thanks welcome to power lunch. Im kelly evans. Were digging through the fed minutes just released. In the meantime, take a look at whats leading the rally its consumer and consumer discretionaries. The house panel is going after big tech its a mixed bag but apple and amazon both up more than 2 . With markets rocketing back after the late day drop we saw yesterday, stimulus back on the table. Bob pisani has more on what were seeing here. In fact, were at the highs for the day. Were on light volume again. The volume tends to be lighter on up days than down days recently thats a sign the pain trade is to the downside. Sectors tends to be the cyclical names here banks, industrials, materi
Environment. Businesses, the private and Corporate Bank are fighting through the Interest Rate headwinds, but doing well on executing strategies and offsetting that had went. Thee are uncertainties in Macro Economic environment and that is something we factor in as we manage our businesses, our risks, but we remain quite confident in our outlook and the way we are managing through this pandemic. It is supporting clients, the economy as we all navigate an unexpected environment. Risks, howaging the hard would Deutsche Bank be hit if there would be another wave of lockdowns across europe and elsewhere . James weve built in some conservativism into our numbers, weve taken an overlay, adjustment more conservative in provisions and that prepares us for uncertainties that lie ahead. We are not seeing a deterioration in portfolio beyond what we expected in this environment and while we are all subject to the direction of the economy and potential impact of more distancing and Protection Measu
59 minutes left to trade, kayla. And that green screen is not something we have seen in a while. We have a big show ahead today on closing bell. A big deal for big steel well talk to the ceo from Cleveland Cliffs and his outlook on the economy later, sneaker startup all birds scoring 100 million in fresh funding. Valuing the company at 1. 7 billion the coceo will join us to tell us how his Company Plans to spend that cash and well have that later on in the show. Lets focus in on the big show were tracking to days rally. Theyre covering the latest tensions in the tech cold war with china start us off on the Broader Market and what youre seeing behind the scenes today. Yeah. Market making the case that last weeks lows and got some traction near the levels its not Something Else tachlt a look at the s p 500 year to date all the indices have a similar look with different mag any tudz we were talking about this level for a long time. This is where we hit the lows a few times last week aroun
Tiktok parent byte dance as hopes for a partnership with,el can avert u. S. Sanctions soft Bank Shares Jump as they agree to share to nvidia for 14 billion. The Japanese Investment company is looking to go private japans Ruling Party Leadership race setting him up to take over as Prime Minister placing the countrys longest serving premiere shinzo abe. Thanks for joining us. Let me take you to the European Market but we havent got 6,000 points which is very difficult territory in recent months so the dax chasing almost half of a percent and looking solid. Near 5,000 points last week and holding on to that leadership with another. 7 italian stocks also in the green. We saw last week that these markets would try to hold on to some of the gains despite selling on wall street very serious patches of volatility on the u. S. Markets but european stocks did try to put a little bit of distance between themselves and the market action. Lets take a look at the better performing parts of that mark