About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector
Suspending ant Group Listing major issues, this is days before the largest ipo of all time well give you the latest details. And social Media Election strategies how facebook and twitter aim to tackle misinformation on their platforms as voters head to the polls and beyond whatever beyond means, carl. David, thanks guys, were going to be talking all day and all night about arizona, florida, georgia, North Carolina, jim, goldmans got a note out just now saying because it would be difficult if the president does not win any of those states, quote, there is a good chance the election outcome will be clear on election night. Right, i think that thats what the market is saying. So the collectionive voice of the market, both yesterday and not just the morning, but when the nasdaq rallied in the afternoon and today with the futures, people say, we cannot afford after last week with the market being down, we cant afford to wait for the outcome we have to presume the outcome is going to lead to
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
To office. Drivers on a 61 margin prefer being independent contractors. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. Krns coronavirus is out of control in america and almost everywhere across the nation, were about to lay it out for you and let you know what the doctors who have been right every step of the way are warping us about whats ahead but then some very helpful advice and guidance on how we can lead our families and manage our kids through it, physically and especially mentally this will be very hard for everybody who survives it. The number of americans testing positive yesterday, the highest ever recorded, 143,000 the number of victims in hospitals, the highest refr reco ever recorded, more than 65,000. Victims in intense of care, expected to top the totally thanksgiving coronavirus killed more than 2,000 yesterday alone, the most since may. Heres whats so sobering, a week from now those news will likely seem low becaus
To office. Drivers on a 61 margin prefer being independent contractors. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. Krns coronavirus is out of control in america and almost everywhere across the nation, were about to lay it out for you and let you know what the doctors who have been right every step of the way are warping us about whats ahead but then some very helpful advice and guidance on how we can lead our families and manage our kids through it, physically and especially mentally this will be very hard for everybody who survives it. The number of americans testing positive yesterday, the highest ever recorded, 143,000 the number of victims in hospitals, the highest refr reco ever recorded, more than 65,000. Victims in intense of care, expected to top the totally thanksgiving coronavirus killed more than 2,000 yesterday alone, the most since may. Heres whats so sobering, a week from now those news will likely seem low becaus