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To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round ....
Short of some forecasts while saudi and russia call for compliance. Effective compliance is vital if we are to secure the hard won stability and restore confidence in the effectiveness of the entire group. Travel turbulence france reportedly prepares to unveil a 10 billion euro rescue package while three British Airlines launch a legal challenge against the governments quarantine measures and astrazeneca will not comment on speculation after reports sugge suggest considering a mass i have tie up in u. S. Rifle gilead a very warm welcome to street signs everybody. Happy monday were about an hour into the session and a little bit of retreat mode trading down by. 7 and lets put this into context. Were coming off of a very strong week last week. We saw gains across the board here in europe but not to the same extent up about 6. 7 its fair to say the main event last week in terms of data was the remarkable jobs report that came throu ....
To the Drug Companies to even the tech companies. ,rude is above 30 a barrel 32. 22. Yield is at 68 basis points. At 7. 1270. An we have president xi speaking today to the world health organization. Coming up later this hour, we will be speaking with the ceo of moderna, which is reporting some good initial promising results for vaccine tests. Us atne bancel will join 10 30 eastern. Guy looking forward to that conversation. The market certainly responding to that. Mostin europe, the beaten up sectors are rising the most strongly today. You can see the mining stocks up by 6. 9 . Car stocks are up really strongly as well. They are all outperforming the stoxx 600, which is up a healthy 3 . The commodity story absolutely front and center, as a result of which we are seeing Commodity Currencies doing very well. You can see the aussie dollar trading up by 1. 15 . Up by 1. 15 . ....
Begin. Welcome everybody. Good to have you with us on options action. Escalating coronavirus fears ripping through markets this webb 96 of the s p 500 now in correction territory or worse meaning down more than 10 from the highs. All three major indexes handing in the worst week since the financial crisis in 2008 the dow shedding around 3,600 points more than 10 . And all sectors down from the highs. But energy and financials, the largest victims, both sectors down more than 13 in the past week if you are wondering how to protect your portfolio and who isnt amid the market madness our team of traders are here to break it down. Cornerants macro carter worth and mike khouw opt myself advisers we know this was a historic week for stocks and bonds but mike in any wayway was it historic for the options market. I think anything thats going to be a historic move for equities is going to be a historic move for options on the same equities. And this certainly was one of the cases. The vix was a ....
It could be joe biden, it could be Elizabeth Warren, it could be Michael Bloomberg. Even Pete Buttigieg is in there. It is hard to tell who is behind Bernie Sanders. Sanders is clearly in the front spot. David one of the things we look at is not where they are now but where they are moving from and to. Are we getting any indications of momentum . Is Michael Bloomberg moving . Is Bernie Sanders moving . Wendy Bernie Sanders has run with the momentum he picked up from winning the New Hampshire primary and doing very well in iowa and he is dr ....