Moderna says its vaccine is nearly 95 effective moderna up 9 , 10 right now while the other vaccine stocks are actually dipping we are awaiting president elect bide wren to give remarks about state of the economy after meeting with top Business Leaders and ceos today well get you there when it happens as power lunch starts right now. Thank you, ty. The dow was soaring to alltime highs, just shy of 30,000 today. All signs pointing to a continued rally except for one, a very important one lets go to bob pisani for more on that. Bob . We are seeing that moderna is helping the market overall and continuing a trend that we saw for the last really week and a half lets take a look at the sectors here the story is valuelike banks and Energy Stocks has been outperforming growth areas Like Technology for example nen weve seen cyclical sectors like industrials, for example. Generally outperforming defensive sectors like consumer staples. Generally small caps have been outperforming big caps in is
Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
Joe biden got through all 90 minutes without a gaffe or no senior moment and enough energy to say to the president overshot up man. He called him a racist, a liar and the worst american president ever. Mr. Trump came on strong, perhaps too strong, he may have brought sympathy after he attacked his sons drug use. Key issues were lost in the fight, biden were not answer questions about packing the Supreme Court, he was wrong about the economy under President Trump, he tried to walk away from the green new deal, i wouldve liked to heard more about that, the president would not condemn white supremacist and did not fully answer questions about healthcare. My opinion, nobody one, voters who wanted a fight lost. Right after the debate stocks sold off, features showed a 300point loss for the dow but it has come back, perhaps because a lot more talk about a new stimulus plan and a good jobs report from adp, we are looking at a 50point loss for the dow, Minor Leagues loss for the s p and the na
1230 this morning. A woman was shot in the passenger seat of a car right there in the parking lot she died on scene, a man in the drivers seat of that same car was also shot. He was taken to the hospital his condition is not known this morning. Police believe that the victims were targeted and investigators are still looking for the shooter. Also breaking overnight in the south bay police theyre looking for a hit and run driver who crashed into several parked cars causing Severe Damage and that kron crash was caught on video kron 4 Sarah Stinson in san jose has that video and its really something to see sarah. Yeah, its terrible to see i mean this driver came out of nowhere and crashed into 4 parked cars, including one behind me, that still remains on scene you can see the destruction the hood is all crashed in into and bent up and i mean that car could easily be totaled and theyre still glass all over the street here on south capitol avenue in belfast drive we have Surveillance Footag
Another in the hospital after a shooting in antioch it happened at a 7. 11 store about 1230 this morning. A woman was shot as she sat in the passenger seat of a car in the parking lot. She died at the scene. The man in the drivers seat of that same car was also shot hes now being treated at a hospital, his condition not known this morning. Police believe that the victims were targeted and theyre still looking for the shooter this morning. Also breaking from overnight this time in the south bay, a hit and run left several parked cars severely damaged kron 4 Sarah Stinson live in san jose she has all of that and some video that you need to see to believe sarah. Yeah this hit and run crash caused a lot of destruction in this san jose neighborhood you can still see one of the cars that was hit again all cars that were damaged were just parked on the street when a hit and run driver came barreling through the street smashing into them take a look at videos you can see for yourself. This was