Join us. He talks about the dangers of big technical and the dire need for, yes, regulation power lunch starts right now hi, tyler. A whip saw market as washington continues to chase headlines from washington. Bob pisani has the latest on the moves. Do we have a stimulus pamann pacqui pacquiao package . No do we have an s p package . No the market believes the market will hold up well. We have new highs on target and costco and lbrands, believe it or not ande etsy has hit new highs recently fedex, some of the shippers, these are big Global Industrial companies that are continuing to hold up on hose thpes were goio eventually come out of this. I want to show you the industrials, xli here, that tells you the cyclical rally has some legs receipt now. This hasnt lasted often i dont want to go over my skis on this but u. S. Bank corp, highest levels, thats quite a move were seeing we go all the way back to the earlier part of the year to see levels higher th than that. So good news hopes fo
Good afternoon we begin this hour of power lunch lunch with continuing breaking news President Trump, as you surely know by now, testing positive for the coronavirus confirming via tweet late last night, early this morning that he will begin quarantining with the first lady who also tested positive the market is lower right now but off the worst levels of the day and you can see dow futures immediately sunk early this morning after President Trump tweeted. We have paired back those losselosses quite substantially at this time lets get straight over to shepherd smith new developments this afternoon since we learned that after midnight the president and first lady have tested positive. Were told both have mild symptoms and are in quarantine at this moment at the white house. The Reelection Campaign announcing minutes ago that all of the president s Campaign Events are being moved to virtual or postponed we learned last night that the president s close adviser hope hicks tested positive f
All right, welcome everybody to power lunch. Kevin is with us dominic too. Welcome, dom good to see you. Here is whats on tap. Stocks are at session highs right now after four weeks of losses the dow is up 500 points both the dow and s p on track for their biggest two day gains since june high stakes stimulus how Speaker Pelosi says she thinks, think, republicans and democrats can get a deal done before the election and tom lee says thats just one reason to buy stocks he will join us very shortly later, which president ial candidate could be better for the economy and the markets . Moodys is out with a new report that takes a look at those questions investors need to know power lunch starts right now welcome to power lunch. Looks look at the bigger wins today. You have fedex leading the industrials over at Deutsche Bank raising target price to 318 a share both those stocks up around 2 Virgin Galactic getting two more buy recommendations. Eight wall street analysts say the same thing bu
What hes expecting ahead of the 22 billion their ddollar debut week power lunch starts right now thank you its been another rough week for the market but the nasdaq is now on track to snap a threeweek losing streak. Dom is following the numbers for us assuming that leadership position again and trying to snap that multiweek winning or losing streak rather but if you take a look at the move higher were still in a position now where the dow industrials and the s p 500 could both be on the verge of four week losing streaks. First time thats happened since august of 2019. The nasdaq 11,000. Were watching as the key level. The trends that were happening educational where this year for the vast majority of this year have reasserted thelss this week. Watch what else happens in the marketplace with apple it may be the case to be made there. Well see if that sticks pm back over the you my son just bought apple in his virtual investment port gro portfolio as his starts his 9th grade investment c
Wechat on sunday. Back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new Antibody Test and Vice President calls on trump to step down and tech volatility, the s p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. So we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesnt sound like you see a whole lot of material to salvage this in the next 48 hours. I think that walmart feels like its given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they think they can do more, but they had really felt that when pretrump it was looking like it was 43 owned by u. S. , 14 by international, chinese own 45 posttrump they are talking about u. S. Owns 53, international owns 11, chinese own 36 i think its the chinese owning 36 is the Sticking Point david, what level do you think the president would allow this deal or