How are you doing, will . Super bowl weekend. Will right here. Good morning to you both. Thats right. Im live here in tampa. Super bowl lv. I know you are very excited about that jedediah. We will get your picks later. We know you will change the chiefs or the punxsutawney. For now a hometown battle in tampa. Hometown bucs look to be pretty popular, pete. Pete whats the feel . You are there on the ground. Its a little bit different everything is a little bit different whats the vibe in tampa . Will its excited because there is a Hometown Team for the first time Playing In Home Stadium for the super bowl. Its tampered by the bittersweet relation what would it be like if it were a normal year. Street packed and cash registers ringing they recognize its a little down from expectations. Pete absolutely. Jedediah i know you are waiting for my pick. Im waiting for yours, will cain. I had a conversation about it yesterday. You know what . Im going to wait and hold my pick and see who will pic
One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
Bloomberg surveillance. This is what the markets are looking at. The focus is firmly on the vaccine trial data out of moderna yesterday. The focus is of course on the fact that we could have a vaccine quicker than expected simply because it is the second trial data that is better than what analysts and watchers were thinking. This global stock rally powered by hopes that the vaccines will bolster Economic Growth was paused, partly because investors are weighing the spread of the virus. I think investors are also looking at valuations. And also, there is a bit of profit taking getting underway. Inla jumped more than 10 after hours trading after the announcement that it will join the s p 500 index on december 12. In other asset classes, treasuries drifting with the dollar. Lets get straight to the bloomberg first word news. Heres leighann gerrans. Good morning. The Trump Campaign is withdrawing a key part of its lawsuit against the Election Results in pennsylvania. It is abandoning deman
Win this election. [applause] our goal now is to ensure the integrity for the good of this nation. Maria the president went on to say yesterday process deserves look from the highest court. This is a very big moment. This is a major fraud in our nation. We want the law to be used in a proper manner. So well be going to the u. S. Supreme court. Joe biden also speaking to his supporters over the outcome of election. Watch. Take a little longer as ive said all along it is not my place or Donald Trumps place to declare who is won this election. Thats a decision of the American People. But im optimistic about this outcome. Maria so here is where we are, six states are still too close to call. One of the ones were watching this morning pennsylvania, which has now stopped the ballot counting process until later this morning. Markets this morning are lower. Take a look at futures indicating we will see weakness at start of trading taking a hit after the overnight speech showing strength on nas
Up on the day by 2 after two days of heavy losses in the tech world. As a matter of fact, lets take a moment here at the start, look at apple, look at amazon, look at microsoft, all those stocks had big days. Amazon the better of the bunch up 3. 4 . There you go that is the close on wall street, a bit of a mixed picture. A big reunder for tech. Im connell mcshane. I am is time for news after the bell. Hillary vaughn in wilmington, delaware. Covering president elects transition team, gerri willis has another report today on what a Biden Administration for your money. So all of that coming up. Well start there on the north lawn, blake, with you, what is the latest from 1600 pennsylvania today . Reporter eight days since election day, connell, the Trump Campaign is up and running, continuing to file lawsuits. The latest lawsuit filed by the President Campaign in michigan. The campaign touting somewhat, at least potentially a little bit of good news for them in the state of georgia as the