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Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts o ....
Whole move, just fueled by Wishful Thinking are we whistling past the graveyard here after a strong day dow gained 133 points, up more in the beginning. Nasdaq climbed 1. 3 . I think those are the wrong explanations its not Wishful Thinking. Its that i keep telling you that we have two markets, right. I told you why the s p doesnt work any more. We have two markets. We have all that stuff that went down and im going to go over that and then, of course, whats in the nasdaq in science and technology thats whats responsible for the phenomenal move. The nasdaq is barely down for the year yeah, and the bad market, the industrials, travel leisure stocks everything gets dinged even on a big up day like this one. Right now there is genuine excitement on wall street that we could maybe be returning to something close to normalcy. We know its ridiculously high people didnt get thei ....
Today. Our road map begins with Global Growth concerns. China posting the weakest gdp in 27 years aed my fallout from the trade war. Well wrap up the first week of earnings season, two names in focus, coke and American Express, both rallyi ining aheaf the bell. Rick perry set to leave trumps cabinet. He will join us live this hour going to start with that slowdown, china saying the economy grew 6 in q3 from a year ago, believed to be chinas slowest gain in nearly three decades. Markets here largely shrugging it off Industrial Production was up from the prior five to 58. Retail sales up from 75 back to 78 so kind of mixed. This one we can say, look, there is something for everybody. Fed can still cut. But im doing a lot of work on American Express this morn ....
Negative and s p is back in the black for 2015. Show you what is happening in europe where you see european stock extending their december losses. European stocks are down 4. 5 for the month. Red arrows across the screen with germany down 1 . Germany is closed tomorrow for the you new year holiday. Treasuries selling off, yields sharply higher in light trading. Big story has been in the two year bond yield where weve seen the highest level since back in 2010. Crude oil under pressure, that is hurting stocks. Wti just back over 37 a barrel. Drench t brent actually trading high. We begin with amazon and google hitting alltime highs. Will the s p be able to close in the green for 2015 . Its another win for carl icahn. Bridge stone says it will not counter his off for pep boys. And apple will settle for failing to pay taxes between you 2008 and 2013. So stocks poised to open lower. Data from American Petroleum institute indicate s ....