Rotation this hour plus, there is still one over big overhang for stocks and that is covid cases spiking, cities shutting down. Well talk to one of los angeles biggers playest playert retail, dining on power lunch right now. Thank you, tyler. The markets are off to the races with the dow topping 30,000. This time its not big tech leading the way. Dom chu is looking at the rotation pro tellipelling us hi. Lets talk about the gold star right here. 30,117 is the intra day record so far that was the high of the day at the pandemic lows, intra day we were talking about 18,214 weve gone up roughly 65 since the pandemic lows we saw back in march. Something to keep an eye on when we talk about the dow industrials and. Talk about whats happening between growth and value take a look in just the last monthtodate period we have now seen a real outperformance in some of those value stocks just in the month of november. Well see if that trend continues with that orange line picking up steam with the
Join fizer pfizer you can see were just about 20 points shy of the all time high on the dow a lot of news to unpack. We got the news from moderna showing the vaccine is more than 94 effective in preventing cases of covid19. We saw details in the study showing it prevented severe cases of covid19. So that a very strong result comes, of course, after the pfizer data last week showed that its vaccine was more than 90 effective. The first two out of gate showing incredibly strong efficacy questions do remain including these preventative cases of covid19 but do the vaccines sprent infection with the virus completely we dont yet know that we also dont know because this is a brand new virus and these are brand new vaccines how long this protection will last. So those are things that are going to come and be answered in the future looking at these data so what happens next well, both of the Companies Soon are going to file with the fda for emergency use authorization. The fda will then hold wh
Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t
Done b. K. , sit tight for one second obviously its 6 00 eastern time most of our audience is tuning in for jim cramer and mad money. Jim and mad will come up they will begin at bottom of the hour 6 30 eastern time for jim and mad money. A big lineup including the c. E. O. S of teledoc and ventas. We are expecting or were expecting this White House Press conference, which could begin at any moment for those of you tuning in who tune in, love jim, love to watch mad, but its 6 30 eastern time b. K. , thank you for that pause wanted to make sure our viewers understood why we are still on and not jim. What do you want to see the market the next couple sessions that might confirm some of the things youre talking about . Yeah, so, what im really looking for is how the equity markets react to this stimulus bill it looked like today when were getting close to a vote, the equity market tried to rally then the vote failed equity markets sold off. To me thats the real key here we have a couple pi
Charles payne himself. Plus finding the good in people in these uncertain times. One Plastic Surgeon in new york city doing something amazing to help the city. He will be talking to us about it. In a little bit all that and more coming up on making money. Deirdre moments ago the senate announcing it will take up the stimulus package tomorrow. Gop senators calling for an urgent change to the text that they say will trigger massive layoffs. Hillary vaughn, what is the detail . Reporter deirdre, i want to show you a live look at the press conference any moment were expecting with a group of republican senators, tim scott, lindsey graham, ben sasse, the ringleaders behind flagging this key part of the bill they say would incentivize people to be laid off instead of work because they would make more under this bill, being laid off as opposed going into work. They want to make a change for that. The text for this is still rapidly being finalized. They reached agreement on bones of it at 1 00