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Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activ ....
Down 1. 6 yesterday, off of session lows. The dow industrials down 650 650 points, that was 2 and a quarter percent lower at 4 00 on wall street. Investors rattled over no progress on stimulus and a rise in covid cases. Its a big day for earnings, dow components merck, 3m. Caterpillar all reporting quarterly numbers this morning. We will get a snapshot of the airlines when jetblue reports and a look at big pharma when pfizer reports. The road to the white house, we hit the one week to go mark, americans are headed th to the polls in seven short days. President trump and joe biden begin the final push before election day. Stimulus negotiations losing momentum, time is running out for lawmakers to make a deal before november 3rd. House Speaker Nancy Pelosi says she remains opt my particular over talks optimistic over talks. Congressman tom reed told me yesterday if we dont have a deal by election day, we may not have one until ....
Lukashenko, and protests and nationwide strikes. Welcome back. We begin with a growing number of calls in a number of muslim majority nations for french products to be boycotted. This comes amidst growing anger at what president Emmanuel Macron said after a schoolteacher was beheaded after showing caricatures of the prophet muhammad. At the ceremony, the president vowed to root out what he called islamist separatism and added this country will not renounce caricatures. In the days that followed, we have seen protests, french products pulled from supermarkets, and perhaps the most vocal of all has been the turkish president , heard on erdogan. President erdogan muslims are subject to a Campaign Similar to the jews in europe before world war ii. That is the turkish president s beginner. Doug herbert to tell us more. Doug the issue is political, needless to say. In erdogans c ....
Gamers on the go and a mini version of his home pod smart speakers. We are about to get you all the details, the prices and what will no longer be in the box when your new iphone order arrives . This as gadget lovers may just be bringing christmas early to amazons bottom line. Prime day in full swing at this hour. Our power panel unpacks it all in just a few minutes for you. You got to hear what they have to say about both apple and amazon. And despite titillating tech news, look on your screen. We do have a selloff. Stocks are buckling under the weight of perhaps bad news on the Covid Vaccine front. Positive earnings news unable to save the Johnson Johnson stock after the Pharma Company announced last night its been forced to pause its vaccine study. But which marketmoving force will win out in the long term . Earnings ....
Selloff. The dow industrials down 36 points, nasdaq up 61 and s p higher by 3 and a quarter. This as we await testimony from treasury secretary Steven Mnuchin and Federal Reserve chairman jay powell today, both on capitol hill later today. This follows a huge selloff yesterday sparked by an open Supreme Court seat and impact of it on the ledge Kellyanne Conway slalegislative agenda. Dow indusn 500 points, nasdaq lower by 14 and s p lower by 38. The state of our cities, the department of justice naming three major cities anarchist jurisdictions that could lose federal funding due to ongoing unrest. Rudy giuliani is back with us with his take on all of this. Then, fine on the field, nfl handing out massive fines for mask violations, all the numbers coming up this mo ....