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
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Steve scalise, nancy nancy maces Jeff Van Drew and louisiana senator, john kennedy. Futures starting on a mixed note. The dow industrials are down 120 points, the s p is also weaker by 3 and a quarter but the nasdaq is up a little bit of a rotation going on this morning, back into technology. The nasdaq up 50 o 50 points. This follows a mixed performance yesterday, investors rotating into the tech sector. Were standing by for key speeches from Federal Reserve officials later today. Well take a look at market moving words on rates and the economy. Pfizer and biontech 90 effectiveness report helping drive markets. What challenges do we expect before its rolled out of. Ill speak with the companys founder and ceo of biontech later this hour. Then, cruising into the future, one state is anticipating a future filled with flying cars and its making a buzz this morning. Mornings with maria is live right now. I just cant get you out of my head. Boy, your loving is all i think about. I just cant
What one retail expert says about the future of how we shop. And shares of tesla and other electric vehicle stocks have been red hot, but there is one surprise gripe oup of stock that have been even hotter that is all ahead in your rbi on this wednesday at worldwide exchange. Im on fire, want to take it higher good morning, good afternoon or good evening from wherever in the world that you may be watching im Brian Sullivan thanks for being here on this wednesday morning. Lets look at your stock futures. They are mixed no real trend, markets of course are closed tomorrow so where he can all gorge safely apparently. But the dow trading above and closing above 30,000 for the first time ever. The index is up more than 13 this month and it is on track for its best month since january of 1987. And it will take just a half a percent more the next couple trading days to top that and give us the best month since january of 1976. Some of the stocks that have pushed us over the edge on the up sid