Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
Trade, even if we arent seeing it so much in the equity session. Lets bring in bloombergs dani burger in london. People a belot of playing in todays market after the thanksgiving holiday, but there is one cohort still coming on strong, and those are the day traders. If you dive into the charts, you can see they really have dominated when it comes to call volume. We have seen a lot of the robinhood crowd really prefer call volume calls as their option to bet on rising stocks. We have seen some of that call to put ratio plunge to record lows, and at the same time, it is the Retail Stocks which have been outperforming the pros, outperforming the s p 500 as well. What we get in todays session is a continuation of that. When we look at some of the big names here that are favorites of these retail traders, they are also outperforming. Things like talent here, zoom , those haver, zoom had a lot of call options as of late. A lot of them have calls that are expiring today. All of these actually
Forecast. Meteorologist kari hall has been tracking that. And were starting out this morning with some fog in parts of the south bay as well as the north bay up around santa rosa so once we get through this fog well be clearing out. The rest of the week is looking dry with some mild temperatures. I want to show you what youll feel today as we start out with some 30s and 40s. Well reach into the mid60s for a lot of our afternoon highs. Looking ahead to the rest of the forecast coming up, mike, how is it looking right now for the commute . Kari, our maps just put up this yellow here, the road weather index. A yellowish orange shot. Our live camera shows a glow for some low clouds. Look at the map, fremont on the right side and the yellow highlighting on the left side. Both may be affected by the low clouds. No major problems, though, theres already slowing through livermore for 84. Back to you. Thanks, mike. Some breaking news for you that morning. Police are still at the scene at a San
This evening the former Vice President , california senator Kamala Harris will speak. This as votes continue to be counted. Battle ground state, pennsylvania, 20 Electoral College votes, a state that the president flipped in 2016. Mail in ballots were counted particularly from philadelphia. He is building 97 reporting biden leading by 13,000 votes. In georgia, it bears repeating, a state thats not selected a democratic president since 1992, biden took the lead overnight. The margin is razor thin. Georgia secretary of state said there will be a recount. Biden ahead by less than 2000 votes. Lets take you to nevada, its 6 Electoral College votes officials said they have 63,000 ballots to be counted. Bide season building on the lead there. 8 8 leading President Trump 50 to 48 . Arizona, we should point out fox news and Associated Press called this state for joe biden already but a quick update to the numbers there, 94 reporting biden 50, President Trump 49 . As the numbers continue to come
Lets begin with a check on stocks lets welcome in brian belski. Thank for having me ambitious call. How do we get there . This will be a transition that takes several months if not into the year you, well into 2022 the unprecedented price moves in 2020 are going to turn into, we think, unprecedented earnings move in 2021 we think financials, Consumer Discretionary will lead the way. Were maintaining our stance of being neutral on technology and Communication Services over the next three to five years theyre by far our favorite sector in terms of growth we think this is going to be a turn around in terms of Earnings Growth theres no doubt that the vaccine is helpful, no doubt stimulus will be helpful, but theres also no doubt we are going to have more stayathome orders in the United States and therefore the stayathome stocks will do very well the bull market continues, we continue to believe that march 23rd, we dcontinue to believe that march 23rd was the controlaltdelete were bullish w