The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Be back in the building of the Heritage Foundation. Weve been away for some type teleworking. But this is my first day back for a while. Im very pleased to be back here today for this very important hl Heritage Foundation. Weve been away for sometime teleworking but this is my first day back for a while but im very pleased to be back here today for this very important event. Of launching the Heritage Foundations 2021 index of military strength. Now this is the seventh addition of the index. And the index has become one of Heritage Foundations flagship publications. Our goal is unchanged from the very first issue. Its to provide both the leaders of this country, and also the American Public a premier open source and authoritative assessment of Americas Armed forces and their ability to protect the nation. On i think that weve not only achieved that ball but we have continued with this effort this years addition is the best ever. In addition to its usual breadth of subjects our index alw
Good morning welcome to squawk box. Im becky quick along with yoe kernen and mike santoli. Andrew is off today. Well start things off with the stock futures after some positive vaccine news drove the dow and s p 500 to record highs. Dow giving back some of that ground, down by about 100 point, but remember how far they have marched for the last three weeks. S p is indicated down by about 14 points and then the nasdaq is indicated up by about 12 points. We do have some breaking news from amazon and better that coocoo Bertha Coombs ohas that story they are launching a full Online Pharmacy building on its acquisition of pill pack the new pharmacy is innetwork with major insurers and medicare and patients can pay for their prescription copays with funds from their Health Savings accounts just like they were at any pharmacy and they can confer with pharmacists online or over the phone about their prescriptions. Prime members get free two day shipping, patients who needs meds right away with
How retailers are shifting Sales Strategies online this Holiday Season then, questions over astrazenecas vaccine trial, what the ceo is saying this morning. And finally what a salesforce acquisition of slack means at this hour. Right back at you in terms of this market action, we have seen it a lot, mike in terms of the dows performance this month there has been some rotation lets start there. Somebody this morning saying aerospace is up 40 . Which frankly i did not necessarily know it has been that strong in that short amount of time does it continue in this rotation or do we have to watch this in last day, day and a half of trading there has been a stutter step in that rotation. We had a couple of these since march. One of them peaked in june now it has been very, very aggressive aerospace is part of the industrials group. Industrials fully kind of got back to precovid levels and the valuations of industrial stocks are well above where they were based on expected earnings eight month
Incumbent, what happens now and is it time to stop labeling trump voters races especially so many are black, hispanic, postelection error of potential new speaker of the house and the 2018 the media raise about the emails democrats elected to congress, have you heard too much about the republican women, i didnt think so there breaking records only joined by congressional candidates elect nicole malibu dockets and much more on making money. Loca. Charles the market is taking a breather after a sizzling week of gains, the notion of a divided government essentially you have a democratic president and then the split congress, historically the s p as turned an average of 13. 6 every time this happened since 1945, that is average, i think the market had a chance to look back at the strong earnings season for tickly with the positive to negative guidance ratio and this of course still hope the stimulus happens less than three or maybe less than 2 trillion, meanwhile he resisted point have bee