Says, comparing xoe ce ining cou once again as the death toll crosses 2 10,000 the white house is blocking new fda vaccine guidelines for the coronavirus and the eu is putting the Pfizer Covid Vaccine on a fast track. Shares of pfizer and bioand tech are moving higher ahead of the bell stimulus talks, maybe were stalled again. Theyre set to talk by phone again today. But well, who knows at this point. Hard to say. I wouldnt even try to venture a guess as to whether they make progress they did talk for an hour on the phone yesterday. Pelosi told Democratic Leaders today that talks are going slowly. Right well, look, gary kelly is one of the greatest executives that i have ever met. And he was on squawk and he is actually doing some shortterm furlough, get people back. When hes doing it, you go ta action. Gary is one of the foremost his record is the whole airline record to never lay people off i think thats a clarion call to washingt washington if gary has to do layoffs, there are other
Strong data on housing and jobs along with big beat for chicago pmi. Late breaking headlines regarding modernas vaccine. Off session highs but off the lows as we speak still wog up on the show. Coming up San Francisco fed president mary daly to talk about economic recovery, stimulus and jobs picture in america. Plus we will get a read on the consumer when we talk to the ceo of General Mills his first interview since reporting earnings last week. Cocacola entering Hard Seltzer Market with help from molson coors well talk to the ceo of molson coors exclusively about this partnership and more lets get to the big stories 59 minutes of trade. Mike santoli tracking Market Action as stocks look to close out september with a bang. Meg tirrell with headlines around moderna and leslie with the latest on palantirs review. The market, whats driving it . Sara, a lot of things blowing around in the market, quarter end, reaction to the debate, pretty good economic numbers but also in the context of a
This is an interesting situation. Its captivating when professor co explains how. Options action starts right now. U. S. Markets rallied for a strong week, but the start master and mike say there is value to be found across the pacific. Break down the charts for us here, what are you looking at in japan . Before we get to the charts, what we know is yeartodate, the nikkei is virtually unchanged. The s p is up 8 . With that in mind, lets look at a few charts first, taiwan versus korea so instead of using the Taiwan Stock Exchange index or the kospi, were using the ewt for and eye for korea and what you see is their neck and neck, a set of parallel lines. Now, add in japan, ewz, the i shares for japan. Here you see the divergence. If i were to include the spy, it would look identical which is to say these are all in dollars so we have adjusted out for the currency that comparative chart is the opportunity, japan lagging. And so take a look now at the individual i shares themselves. First
You have that poll in the wall stre street journal and maybe the stock market considering maybe we wont have a contested lebs if the polling tells you anything accurate about where this race truly is what do you think investors should be taking from this move . I think thats correct. I think the two primary drivers for the higher market today are certainly the fiscal spending and what it equates to in the near term and the dynamic in the market for a trade and investors to extap larapolate is a rise i yields were finally seeing a welcome rise in yields and that is certainly on the belief of both of those actions i mentioned previously you have that to consider and how you want to trade that it has a direct impact perhaps on growth versus value, the polling on the upcoming election and were thinking about the president s health and what all of this means for the Campaign Going forward. So youve got a number of things in there. Lets start with yields. Rates being 0. 74 as a new high or r
Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. We cant figure out what tech stocks are worth look at appl