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With a new show on cnbc, highlighting Small Businesses and the people behind them across the country power lunch starts right now welcome to power lunch. Im john fortt take a look at whats driving the Market Health care stocks the biggest laggards while industrials and financials lead the way. Check out the bank names all higher tesla, the big winner. At the highs of the session, helping to turn the nasdaq almost positive, close to break even midday. Morgan stanley final upgrading the stock to a buy after a 500 gain this year lets get to bob pisani for more on these markets bob, you got me . Maybe not. Kelly, do you see what is happening with these markets i mean, were showing the sector snapshot here. Weve got s p retail is higher ahead of a Holiday Season we expect to be really strong for ecommerce and weve seen stron ....
Dot com, chris from elan. Chris, lets start with you. It seems that despite all of this positive vaccine is because weve practically heard it every day. This week, markets remain sort of stuck at these levels and covert 1000 cases. Still surging. Is this something we should expect to see these sort of patterns for the forseeable future . I really think the market got a little over extended that ive really are this year in september. And if i want to put in that high in september, we have got as much needed was in the overall stock market. And really this multi month sideways consolidation really is a pause at this point because i do think the stock market wants to go higher. Were going to have more stimulus eventually that should push these markets to new highs. Once again, we do have the holiday rally coming right around the corner here for us equities. So i actually think the market has just taken well deserved breather. And i actually didnt really continue to see this market move hi ....
Obtain. What you might see is a bit more bitesized approach to aspects of the trading agreements. To get a greater engagement in a more constructive engagement. You talked about the covid recession. We have had a second wave of covid coming across europe in the last couple months. Indicators of the economy show that is causing a double dip in many economies in terms of activity. Youhelpful you are are that we could have a fast recovery this time around and see that vshaped recovery people have talked about . I think the vaccine is going to be a very important story for the 2021. From the irish perspective we moved early on in the early the second wave, the Second Lowest interest in europe now. We are doing very well in terms of the downward trajectory of caseys. Of cases in hospital and icu. Somewhere at the end of this month we move out of what we call level 5. Our schools of state construction has stayed open. Our domestic econom ....
Pray to trying to do so. Excessive baby and a man, i mean everyone mindlessly actually what that means is we end up taking so you should be sent trash along, but actually do very little. Its just a kind of instead of this is a boom bust the one business show you cant afford to miss. Im sorry, montecito going to washington coming up despite more positive vaccine news. Markets are reacting to a surge in covert 19 cases and uncertainty around the us elections as the global high prices are still high. Well explain how people are turning to gold loans. Its a booming start. As people rely on borrowing for their financial needs, we have a lot to get to the lets get started. More positive vaccine news this week as preliminary results from the university of Oxford Astra Zeneca vaccine produced a strong emunah response in older adults. These early results were published in one of the worlds top medical journals, the lancet. The study c ....
Montecito going to washington coming up despite more positive vaccine news. Markets are reacting to a surge in covert 19 cases and uncertainty around the us. Elections are that if high prices are still high, well explain how people are turning gold loans. Its a booming start. People rely on borrowing for their financial needs. We have a lot to get through to, lets get started. More positive vaccine news this week. As preliminary results from the university of Oxford Astra Zeneca vaccine produced a strong emunah response in older adults. These early results were published in one of the worlds top medical journals, the lancet. The study consisted of 560. 00, healthy adults to 40 were over 70 years old. The vaccine proved to be safe and produced similar immune responses across all ages consultant and co lead investigator at the Oxford Vaccine Group said, we hope that ....