With a new show on cnbc, highlighting Small Businesses and the people behind them across the country power lunch starts right now welcome to power lunch. Im john fortt take a look at whats driving the Market Health care stocks the biggest laggards while industrials and financials lead the way. Check out the bank names all higher tesla, the big winner. At the highs of the session, helping to turn the nasdaq almost positive, close to break even midday. Morgan stanley final upgrading the stock to a buy after a 500 gain this year lets get to bob pisani for more on these markets bob, you got me . Maybe not. Kelly, do you see what is happening with these markets i mean, were showing the sector snapshot here. Weve got s p retail is higher ahead of a Holiday Season we expect to be really strong for ecommerce and weve seen strong results this week from walmart and target yes, we do. By the way, i want to point out well, i want to point out that the dow turned negative only in the past hour or s
Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
That is a big statement. Why would you do that . Because the oil industry pollutes. Paul joining the panowall street journal is an Editorial Page Editor Dan Henninger and Kimberly Strassel and william mcgurn. Dan debates tend to change a campaign only when they change perceptions about the candidates are offering new information. Any moments in this debate strike you as maybe being that kind of a change . I wouldnt go so far as the same moments change the debate but if you are going to talk about perception yes, i do think so. I do not feel that joe biden he did fine come he did okay but he didnt do great and i dont think joe biden despite the fact that he is ahead in the polls really looks like he has much momentum going into the sprint for the end of the election. By the end of the debate i thought President Trump clearly looked like the sharper stronger candidate. Joe biden was running out of steam. This is an election of intangible because of the coronavirus thats hard to predict a
Learned and studied and understand the disease learning to live with it cmon were dying with donald trump and joe biden clash on familia issues but the 2nd and final debate is more civil than the 1st the Foreign Ministers of armenia and azerbaijan meet separately with the u. S. Secretary of state might compel you to defuse tensions over not going to cover. Its been praised as historic but received by many with caution libyas warring sides of agree to what the u. N. Is calling a permanent ceasefire it was signed in geneva to delay a decade of conflict triggered by the downfall of the longtime leader moammar gadhafi. Today is a good day for the libyan people. At 11 15 am this morning here in the u. N. Headquarters in geneva the 2 libyan delegations to the 5 plus 5 joint military commission talks signed a complete countrywide and permanent cease fire agreement with immediate effect or here are some of the terms of that agreement military and armed groups must leave the front lines and all
Fed will look for. You have retail sales and they are in positive territory, but the rebound is slowing. How do they digest the data . Catherine a lot of people are looking for whether or not the fed will alter the economic rejections. They have been very limited. A downside perspective for the u. S. Economy and some people are saying the data is more positive. Optimistic, is too i think the fed will not upgrade their forecast because the data coming in, everyone expected to be a balance, but there is a loss of momentum, and if we take a broader perspective, it is fragile. Guy so, september we get the summer of Economic Predictions updating us into 2020. Do you think we will see the average. Moving higher quest average dot moving higher and rate heights hikes being priced in . The market is not set up for that. Guy there is no prospect for any rate hikes. That has been clear and put forward in language that is uncontroversial. No rate hikes, at all. The market may have interpreted aver