Biggest rally since april. Zoom and tesla lead the balance for the electric carmaker jumping over 10 . Lawmakers become lawbreakers. The e. U. Considers legal action over the u. K. s plan to breach the brexit deal. The two sides hold an emergency meeting today. Class growing confit plus growing confidence. Hold ass set to stay on bloomberg learns some officials now see a reduced need for further stimulus down the line. As i said, just under one hour away from the start of cash equity trading in europe. Lets take a look at futures first. We do see gains on dax futures up about. 4 right now. Also, euro stocks futures are up. But you do see ftse futures down this morning so keep your eye on that divergence. In terms of u. S. Futuress, after the gains yesterday, we see continued gains in futures with dow and s p many contracts up. 2 . Anna . Talk about whats going on in the Asian Session in terms of the gmm. We have had a day where we have seen real resurgence as you mentioned in stocks, a
Data and their stock sale this week but first, we are just getting the minutes from the last Federal Reserve meeting. It was a major one, consequential. Steve liesman digging through that release right now well give him some time to digest and dig, well hear from him in a minute. In the meantime, kelly, back to you. Tyler, thanks we are awaiting the headlines from the fed minutes stocks are in rally mode right now, as all 50 states have now eased lockdown restrictions in some way lets get over to bob pisani who has more on the markets for us bob . Im dying to hear more about what mr. Powell said in the fed minutes. Mr. Powell has been much more aggressive in talking about the need for more fiscal stimulus. Im sure that will come up in the minutes. Stay tuned for steve ive been talking about broadening in the markets. Were not far from the highs today, but what you want to see happening, the broadening, its happening again today. The banks are up, the transports are up were seeing moves
The week, stocks have reversed course. Tonvestors were encouraged by a rebound in global bond yields and some strongerthanexpected trade data out of china. Theit up and you hav recipe for a rally. The dow rose 371 points to 26,378. The nasdaq climbed 1 and the s p 500 added 54 and is now positive for the week. Bob pisani has been looking at some themes emerging in this market. Reporter talk about a wild ride on wall street. Stocks regained theirto footing y with the dow surging more than 300 points. The s p 500 bouncing back to right about where it closed last friday. Thats a remarkable ride. Stocks got a lift as bond yields have risen off of their lows and asin s currency has stabilized, at least for the movement. Cyclically, economically sensitive groups Like Technology and industrials, they led todays gain. Theyre now all positive for the week. Theres two big themes emerging that investors are paying attention to. First, is there a chance for a second trade truce between the United
One stock getting a big upgrade today thanks to, get this, brown shoes. Lace up, ladies and gentlemen. Power lunch starts right now. I cant get enough yeah, yeah and welcome to power lunch. Im melissa lee. Three hours left in the quarter and stocks are firmly in the green. Were just about two points off the session highs in the s p 500, which is higher by about. 9 . Financials really helping the lead, to lead the day, thanks to Deutsche Bank. Good news there potentially. Semiconductors a big standout. Theyre on pace to close out their best quarter in 13 years. I am brian sullivan. Here is what else is happening at this hour. Hurricane matthew strengthening. It is now a category 3 storm in the caribbean. It is expected to make landfall in jamaica by monday. Consumers getting a little swagger back last month. Consumer sentiment topping expectations. And your sweet tooth can celebrate. The peeps who make those marshmallow peeps going back to work. What is that sound . Dentists everywhere