Tesla getting set to take off. And tesla is up 9 today. Were going to take a look at the growing musk empire. And booming sales at walmart and home depot but the stocks not getting that same boost today. Power lunch starts right now welcome once again to power lunch, im john fort boy, its hard to swim up stream in the amazon. Cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s p 500, cruise stocks as norwegian is near the high of the session for more on the market action, lets get to bob pisani. Hello, john its sort of a choppy, indeterminate day. The market cant quite decide what it wants to do today. Weve had a great run in bank and material stocks. The cyclical names have done really well recently those are on the weak side today. Tech is kind of flattish overall today here and then we had Energy Stocks and reits. So energy has been holding up very well today and so has Real Estate Investment trusts on top of that. Te
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
You go to safety. Youre going to buy volatility, yields, bonds, and the dollar. 10 year yield now 75 basis quite a move from just a few days ago. Crude battered, beaten up today. Less demand for those oil prices. Guy absolutely. Lets recap where we are and what is going on. The german chancellor Angela Merkel currently meeting with heads of the german states. We are going to hear from her we think when that meeting wraps. We are probably likely to hear from her as well tomorrow morning. We are also getting Emmanuel Macron a little later on. Both countries moving toward more restrict of lockdowns. Lets get the latest. Maria tadeo joins us from brussels. Theres a lot of ideas floating around. None of this will be official until both Emmanuel Macron and Angela Merkel speak. The idea is we are moving into something that looks like a fulltime lockdown in the case of the french government, that we understand is seriously considering a onemonth lockdown that would start thursday night, going
Budget set to be outlined in parliament today. Tesla takes the trade war in its own hands. Suing the u. S. Government and Robert Lighthizer over the tariffs over imports from china. A warm welcome lets kick off the show with fresh numbers out of germany the Business Climate for the eve owe since september has come in a touch light. Current conditions 89. 2 for spent versus 89. 5. So just a touch light of expectations in terms of the expectations component, came in at 97. 7 versus forecast of 98. Slightly weaker but generally similar to what was expected the august numbers have also been revised we have the Expectations Index at 97. 2. These september figures and the forward looking part of this index has come in at 97. 7 for the month of september as business morale rises. This comes after data yesterday. The pmi flash for september showing that manufacturing in germany continuing to improve. Services contracted. Dropping below the 50 Mark Services trends in the economy we are going to
Their children and for their families and for their nation itself. No one could make that choice for them. They had to that themselves. Today, the world sees they are choosing cooperation over conflict, friendship over enmity, prosperity over poverty, hope over despair. They are choosing a future in which arabs and israelis, muslims, jews, christians can live together, pray together, and dream together sidebyside in harmony, community in peace. Me congratulate the people of israel, the people of the United Arab Emirates, and the people of the kingdom of bahrain. God bless you all. This is an incredible day for the world. This is a wonderful and beautiful occasion. I want to thank all of the members of congress for being congressmen,s, congresswomen, we appreciate it so much. Everybody wanted to be here. Important day for the world, important day for peace. Before the parties signed the accord, i want to ask Prime Minister netanyahu to say a few words, followed by the foreign minister o