Surging as the u. S. Rounds the corner on a vaccine. But how exactly will a vaccine work well speak to stanford medical dean, dr. Lloyd minor. Power lunch starts right now thank you, ty. Welcome to power lunch, everybody. Im kelly evans. Tech is the best performing sector today, up 2. 5 as it regains some ground it lost over the past several sessions. Take a look at big cap tech name apple, microsoft, amazon and facebook all higher today. You can see amazon and microsoft up about 3 . Flipside of the coin, Energy Stocks are lower the Energy Sector etf, exl up 14 . Taking a breather today. And despite all the volatility, the s p is up a whopping 9 to kick off november. Wow. Dom chu has more. We have talked about this rotation, whether its a great rotation, whether its a microrotation into some value type sectors like energy, industrials. We have some massive moves on some of the most beaten up stocks in the s p. This righthand side, this move higher than been led by many of those deeply
Hi, everybody hello, melissa its great to be with you, sort of, here back in the kitchen the s p at its highest level in about a months time. You have amazon, you have apple, youve got alphabet. Aaa right there. Facebook and netflix as earning season kicks off this week the big banks starting tomorrow. Lets get to bob for more. A little bit of a milestone just about 40 minutes or so ago. We turned positive for the year on the s p 500 i know its hard to believe we started the year on the s p about 3231 were a bit below that we did hit it about 40 minutes ago. We positive for the year the low for the year, 2191 that was on march 23rd the high, february 19th, 3393. Were still below that but not by an awful lot. Quite a remarkable run if we with close over 3232, that will break out to its highest level since february the bottom line is markets on an upswing here tyler told you about the new highs if faangs. Some of the stay at home names. Walmart x costco clorox also intraday high. Were ta
Worldwide exchange. Good morning on this holiday week. Lets get to the market picture. As we said, we did have declines for the dow and the s p last week the nasdaq was able to hold on to a 0. 4 gains came on slight losses on friday as we said for the week its held slight declines, two in a row for the dow. This morning we are pointing low. A little bit of weakness and thats fed into futures markets. Dow is down 13 yields slipped again last week ending at 2. 35 on the ten ear. Weve slipped a little further over the week end. 2. 34 at the yield on the ten year, short end of the curve they have seen yields rising so that flattening. Its a bearish signal. Its been one of the biggest stories over the past week we turn to asian equities, really a mixed session there today. We saw the japanese nikkei close lower again today down. 6 of a percent. Man, talk about a reversal of the chinese stocks the hong kong hang seng is up. 2 of a percent shanghai composite up. 3 of a percent. Thats after st
Darkness. Schools are letting students out early. This is a live picture of the area seen by our affiliate news helicopter. The problem was apparently caused by a major cable failure. Officials at dte edison are working on the problem and the power is slowly coming back on. Detroits mayor will give an update later this afternoon. General motors, one of the only big three auto makers located in downtown detroit says there has been no impact at the Renaissance Center headquarters. Now to Courtney Reagan with breaking news on amazon ceo jeff bezos. Amazon ceo rarely speaks out not at Quarterly Earnings calls and conferences except for today. He just wrapped up at the websites ignition conference expecting topics as drones and websites to what he is like as a dad. Here is what he had to say after the last disappointing report. You have been a shareholder for a long, long time. Happy, rode it up in the bubble. Very much believer in the long term, investment cycle and big bets. Even i last q
Now by six points onetenth a percent watching all the way to the close. Extremely busy news day, folks. The war between the sunnis and shites intensifying enegypt and saudi arabia are sending in Ground Troops to blunt iranian backed rebel forces there. You can look now at oil. There is west texas up better than 3 above 50 a barrel at 50. 8 50. 86. Yud crude is up. Shocking news on the plane that crashed in the amlelps. And today they say the jet was brought down deliberately by the copilot copilot. We have the latest. Lets show you a picture of the copilot. Thats andreas, 28 years old, and thats a picture of him. We dont have the time frame when it was taken, but people look at the picture saying what exactly was going through his mind in the final moments of the german wings fright that crashed into the french alps. This morning, a french prosecutor said that it was brought down deliberately. The copilot was acting alone in the cockpit. He was alone. Did not let the captain reenter af