This pandemic right now. Playing offense against covid19, where we stand against therapeutics, a vaccine and hospital care. Are we Getting Better at treating success patients . Plus around 80 million ballots already cast how will this massive vote, impact fierce and weather impact turnout on election day. Live from cnbc global headquarter, the fact, the truth, the news with shepard smith. Good evening with five days until the election, a fight for mustwin florida. President donald trump and joe biden holding rallies in tampa just hours apart nbc news marist poll out today show as tight race in florida, biden with a slight edge, 5147, but thats inside the margin of error and last months poll had them tied at 48. A live look at tampa here where biden is set to take the stage at any minute. Biden told supporters there today if florida goes blue, its over were covering both campaigns. And Kayla Tausche is following the story. Reporter President Donald Trump had people in blazing heat that
This pandemic right now. Playing offense against covid19, where we stand against therapeutics, a vaccine and hospital care. Are we Getting Better at treating success patients . Plus around 80 million ballots already cast how will this massive vote, impact fierce and weather impact turnout on election day. Live from cnbc global headquarter, the fact, the truth, the news with Shepard Smith. Good evening with five days until the election, a fight for mustwin florida. President donald trump and joe biden holding rallies in tampa just hours apart nbc news marist poll out today show as tight race in florida, biden with a slight edge, 5147, but thats inside the margin of error and last months poll had them tied at 48. A live look at tampa here where biden is set to take the stage at any minute. Biden told supporters there today if florida goes blue, its over were covering both campaigns. And Kayla Tausche is following the story. Reporter President Donald Trump had people in blazing heat that
Since the beginning of september. As investors try to move toward the Health Care Part of the economy, it is creating choppy trading action as we can see with todays mixed action similar to yesterdays big move, lots of volatility. David we have all been fixated with the election, and some with covid19 and the vaccine. You pointed out something that happened in august that may be having ripple effects in the equity markets right now. It seems as though the surface issues, the very important issues, the election and the virus, a huge issue that can change the field. It seems that what we are seeing is a repricing of risk. In august, the feds policy framework shift back in august ,eeping rates lower for longer especially the short end of the curve, but putting the sentiment towards the idea of inflation or healthier economy, that has steepened the yield curve tremendously, again a repricing of risk. This is healthy, but when the yield curve steepens it does cause lots of different Asset C
And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john pisani you hit it right. It is essentially out of growth and the rally in cyclicals value, not always the same thing but cyclicals and values are continuing. John mentioned walgreens theyre going to be an administrator of the covid shot. Walgreens and cvs moving thats a very specific story by bu si but cyclicals Like Aerospace boeing has been a huge mover in the last few days, 3m, oil stock is anot
Well in many states. Businesses are holding back from spending amid the pandemic and stimulus talks appear to be at a standstill once again with leaders from both sides accusing one another of moving the goal posts in the negotiations. Unlikely we will get a stimulus before the election. 59 minutes to go, dow down 2. 2 . Lets get to the stories we are watching right now as stocks fall sharply mike santoli is tracking the market selloff for us. Which parts he is watching in particular meg tirrell digging into the latest covid numbers mike, whats the broader take on what is happening today average bit of a rethink on a mull pent fronts the idea that covid might cause more business disruption last week the s p 500 was skirting this boundary between this sort of breakout level we had and around 3,400 we are actually below that right now. Did a little bit of damage s p and the nasdaq fell below the 50day average the s. A. P. Warning probably evented the nasdaq from doing a better job of sup