Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Transition naming a longtime democratic confidant as chief of staff. And the wait is officer as tas over as the masters tees off. This is worldwide exchange. Im all right be in worry about me, you got to give me a fight good morning, everybody, from wherever in the world did you may be watchings did you get the golf caddy shack reference there . I know it is early lets tee it right up and get to a check on the markets and your money. Futures are mixed, but they are turning around at this hour, you mostly get the overnight trade, but nasdaq futures did just turn in the green. No new records yesterday, the dow do do dow down you a bit on wednesday. Did that break the new record high but it was a big day in many ways otherwise and maybe a big sigh of relief for many tech investors as the nasdaq bounced back after a tough beginning to the week. Big gains on stocks that also had a tough start to the week. I just combined apple and amazon well call it amle here we go zoom, decrease could yoc
President looks like hes digging into his bunker as joe biden won the election and donald trump went golfing supporters cheat him on the way back to the white house for much of red America Donald trump is still very much the president. Is with our u. S. Election team peter greetings again we heard joe biden said that he will heal the country right just how will he do that well say one of the 1st thing hes been trying to do for throughout this can be really is to dial down the rhetoric to not point fingers but extend his hand to the other side you know he said repeatedly in his speeches that he considers one of his finest and most present options the president s most sacred duty is to be a president for all americans and not just the ones who voted for you know hes someone who believes very much in the virtue of compromise and he has the record to show forward you know hes been someone whos been in Public Office for nearly 15 years who has really made a name for himself as someone who w
The major issues the Incoming Biden Administration may face . Guest one thing that the bike administration pretty early on is going to figure out is they are inheriting at the very least a google antitrust lawsuit from the doj. Speculation about how politically motivated that it y been but nevertheless, the actual textual thing, its fairly narrow and fairly focused on issues that democrats have raised as well about the market power of google. They will have to decide, okay, almost certainly they will continue to litigate this, but do we want to expand this . Do we want to try and rope in some state attorneys general who are also investigating google . The trump doj has the support of group of ags but they are all republicans do we know democrats are looking at the stuff, too. So how expensive do we want to go on at the trust . Host do you think it would be more expensive expansive tha Trump Administration . Guest thats the expectation. Over the last couple years its been rigorous inter