About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector
Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
What is true what is fake. In a world corrupted you need to descend. To join us in the death. Or inmate in the shallows. I. This is boom bust the one thing in the show you cant afford to miss friendship or in washington coming up with less than a week until the United States election g. D. P. That it is out in the nation of the seen its fastest growth ever amid the copen 1000. 00 crisis but the economy is still far from a full recovery straight ahead we break down the spike in growth and the economic state of the nation plus big tech is back under fire as some of the most powerful people in the sector face down Congress Later on and we bring you up to speed on the meetings and what regulation we could see moving forward with a packed show today so lets dive right in. And we lead the program with the latest Economic Data out of the United States the u. S. Economy grew at a record 33 point one percent annual rate for the 3rd quarter of this year increasing 7. 4 percent over the 2nd quart
Delving deeper into any of those stories id suggest a good place to start is r. T. Dot com you cant add always being out there to help you ease into the weekend by for no. One else seems wrong but well just dont have all. The world yet to see how this day comes to cancel. And in again because the trail. Went on many find themselves worlds apart we choose to look for common ground. I. This is boom bust the one business show you cant afford to miss for in washington coming up with less than a week until the United States election g. D. P. That it is out in the nation of the seen its fastest growth ever amid the copen 1000. 00 crisis but the economy is still far from a full recovery straight ahead we break down the spike in growth and the economic state of the nation plus big tech is back under fire as some of the most powerful people in this sector face down Congress Later on and we bring you up to speed on the meetings and what regulation we could see moving forward with a packed show t
There say couple of people in some room in pennsylvania, i dont know who they are, i dont know if theyre working yet, maybe not up yet, maybe working 9 00 to 5 00, i dont know who are going to determine what matters the most, i can put a price multiple on bristolmyers better than anybody in the world unless you tell me there is a big sweep or something that is going to happen. You know when you deal with a lot of the companies were looking at, the price sharing multiple will be decided by the notch up or down by the president ial election. I think you dont think over the last two yesterdays trading session, potentially what were going to see today, the market is already making a decision in terms of who it thinks the president is going to be and what the composition of senate is going to be. Yes, it is. Youre talking about workers in rooms as though theyre make the decision, the decisions have been made, theyre simply doing an envelope, taking a ballot out and putting it in a pile so i