We will bring you fast money trades straight ahead. We start off with a zombie ap k apocalypse on wall street. Many icons are among the walking dead like macys carnival, delta. Nearly 200 companies have joined the zombie rank since march. Total debt obligations nearing 1. 4 trillion dollars a lot of these names are names we talk about trading on this show how should we start thinking about this before we get into the walking dead, i want to point out, a great job by our crack staff leading with the cranberry zombie, and delores was the founder of the zombie. I may have gone with Something Like this if the crack staff is listening. We are now two minutes into the show its important to point this out because folks at home are paying attention apparently more important than actually trading our first topic in what is known as the ablock of the show. Its not more important its important we will talk about ablock and Zombie Companies last night we talked about macys and we talked about the
He may never again you see is this all the time it was necessary and were going to finally because the New York Times correspondent something straight out of this why for 3 am here in the russian capital. Thanks for joining us on the program today. Now 1st donald trump has said just in the last hour or so that a formal transition can begin for joe biden to take office. This comes after the head of the General Services administration reveals. She was kicking off the procedure, and many murphy said shed been pressured by the democrats to brief them on the transition as early as this choose. They are donald trump, in the meantime, still claims the game is not yet over, but said all protocols for the handover of power should be followed earlier today. The u. S. State of michigan has officially certified its president ial election results, handing joe biden at 16 Electoral College votes. The president elect has already begun busy year, really would busy filling key posts in his proposed adm
Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
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
In which you start to see efficacy anywhere from seven to ten days following the first and only shot. It is very, very good with regard to cold chain requirements, requiring only a refrigerator. It is inexpensive, and the company is capable of making doses in the numbers of billions. While the White House Task force is focused on the Vaccination Piece of this pandemic, President Biden is working today to help americans suffering financially. He is urging republicans to get on board with his 1. 9 trillion Relief Package. So the choice couldnt be clearer. We have learned from past crises the risk is not doing too much. The risk is not doing enough. The congress isnt just divided over the relief bill. The Republican Party is showing more signs of fracture as former preponderance of the evidence donald trump seems to be keeping a firm grip on a number of people in the party, and well dive into that in just a little bit. First, Johnson Johnsons new singleshot vaccine, its advantages and dis