North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction
Ahead . A delayed launch, Rocket Companies sinking after reporting its first results as a Public Company, the ceo will join us in just a few minutes to discuss. And later Tyler Goodspeed as jobless claims come in under consensus and post a new low since the start of the pandemic. A lot to work with today, david and melissa, as we watch that intraday period yesterday where we saw tesla down 10 , for example, worst day for a moment there since early may, david, and then the buyers came in and we will see once again if that happens with some of those names like tesla down about 6 before the bell. Yeah, well, listen, im glad we have melissa with us today for so many reasons but one is because theres nobody who knows more about this company or certainly has talked about it as much as you guys have on fast, melissa, for obvious reasons as it has soared over the last few years and last few months have been truly extraordinary we keep making comparisons to the late 90s which we all know well a
Microsoft both helps to lead higher the vaccine for 1. 5 billion, a top analyst will tell us what it could mean for that stock. Power lunch starts right now bob pit sannist is watching them tlim toward new reports theyre trannen bond yeels, a very, very heavy week of auctions bob, lets start with you. Were not doing it in the way we thought, weve been having this rotation go on, not really happen today its largely tech. Remember on you banks, energy, stocks, industrials have been leading recently health carele lagged a bit russell 2000 is not doing much here, either qualcomm and broadcom with new highs. Apple is not far from a new high its not just tech, there are some consumer names consistently holding up kimberlyclark, for example, colgate, target, lowes, but dont kid yourself this is still tech driven. All of the big regional banks are down 2 , 3 or 4 . We did it yesterday we are not far from that, folks the intraday high, just 3393 well see what the final hour does to the market t
Of what to expect when the current reprieve and the november. When the u. S. Spawn on one way it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldnt be able to sell updates of its droid software to while away phones many other u. S. Companies such as the chip makers qualcomm and broadcom would also be affected. But over the weekend speculation grew that the u. S. Would postpone the ban on monday u. S. Commerce secretary wilbur ross confirmed news of the 90 day reprieve saying it was to help u. S. Companies prepare farther for a time when there would not need while with some of the rural companies or dependent in more ways we move turn to wean themselves off with their nose specifically since who is being groomed to truly think the huawei issue has added to the complexity of the ongoing us china trade conflict President Trump has consistently called the company a Security Threat and he has tried to use the issue as leverage in the trade negotiatio
Of what to expect when the current reprieve and in november. When the u. S. Spawn on one way it was announced 3 months ago it was a big deal for the likes of google as it meant it wouldnt be able to sell updates of its droid software to while away phones many other u. S. Companies such as the chip makers qualcomm and broadcom would also be affected. But over the weekend speculation grew that the u. S. Would postpone the ban on monday u. S. Commerce secretary wilbur ross confirmed news of the 90 day reprieve saying it was to help u. S. Companies prepare further for a time when there would not need while with some of the rural companies or dependent on more ways to agree moomaw turn to wean themselves off but there are no specific clothes and food is being granted through anything while issue has added to the complexity of the ongoing us china trade conflict President Trump has consistently called the company a Security Threat and he has tried to use the issue as leverage in the trade ne