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
Dean of the cathedral. On the behalf of the bishop of the diocese of washington and all of us who serve this cathedral, welcome we are so glad you have decided to join us for this important conversation this evening. Convening conversations, bringing people together to discuss some of the most important issues of the day [inaudible] priorities since 2008, the nancy and Paul Ignatius program has 8 given the cathedral [inaudibl] y the nancy and Paul Ignatius fd wasta established by their children, david, sarah, amy and audie. Their friends and other relatives and as a recognition of their service and commitment to Washington Cathedral while we said goodbye last year, her legacy lives on here at the cathedral and we are so pleased to have paul as the mainstay of the cathedral community. Not to mention that this years ignatius program is especially important because yesterday Paul Ignatius celebrated his 100th birthday. Happy birthday and god bless and keep you. Thank you for all that you
The opportunity to engage with their peers. Barely anything is more important for children. But the coronavirus pandemic has turned things upside down for our obes 1. Billio scho kids. Ut schoo have leto hoschoolinand onli remote for our obelearning. O a highly improvised situation but education generally has long been a pressing global issu 26million ildr worldwi have no access to it at all. And the pandemic has made things much worse. Currently, around 463 millio children are not receiving any form of education neither in the classroom nor at home. Better to have a bit of school than none at all. Thats the motto of the mexican governme. Its rrent educion programme ceres around something found in most living rooms. A kitchen for a classroom; and instead of pen and paper, a remote control. Its a way of learning that calls for a lot discipline. It feels weird but ill do my best. Between 4 00 in the afternoon and 7 00 in the evening, all middle School Students in mexico watch classes on
The opportunity to engage with their peers. Barely anything is more important for children. But the coronavirus pandemic has turned things upside down for ouglobes 1. 5 billion school ks. Shut schls have d to meschoolg and onne remot learning. A highly improvised situation but education generally has long been a pressing global issue. 26million ildr worldwi have no access to it at all. And the pandemic has made things much worse. Currently, around 463 millio children are not receiving any form of education neither in the classroom nor at home. Better to have a bit of school than none at all. Thats the motto of the mexican governme. Its rrent educion programme ceres around something found in most living rooms. A kitchen for a classroom; and instead of pen and paper, a remote control. Its a way of learning that calls for a lot discipline. It feels weird but ill do my best. Between 4 00 in the afternoon and 7 00 in the evening, all middle School Students in mexico watch classes on tv. Top
First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather