In 2020. The mcrib is back. We will give you the juicy details. The nasdaq and dow gained. Alphabet soared to a new record as we kick off the final months of this year do you keep with the big tech trade . What does that mean what he is getting himself into. James mcdonald, i want to say on the sides and behind the cameras, welcome i know we are thrilled to have you and cnbc is thrilled to have you. And i know melissa lee is tlo d thrilled to have you because i believe you both attended harvard. Maybe he didnt hear me. He said thank you a lot of stocks specifically google, has been carrying finerman for years but can these continue higher, yes. Although i am skeptical on the broader market, google has been steadfast. They had an amazing quarter, huge run post earnings so we said that night that despite the 12 or 13 move, the stock was probably cheaper then than in the past 24 hours. It is only trading 28 times next years number with a huge cash forward and probably 21 or 22 growth so t
Headlines hit on the coronavirus. New york city is halting all inperson learning starting tomorrow it comes as the number of coronavirus cases and hospitalizations are skyrocketing nationwide. And a new all time high for s p. We have a Record Number of cases of covid in america and retailers are hitting an all time high. How can this be . The haves and havenots kudos to karen and tim target numbers were extraordinary. It should come as no surprise. Thats a name we have talked about. If you love walmart at their valuation, you have to love target at theirs walmart quarter i thought was very good. There are a lot of good individual stories, but i dont think it speaks to the economy per se there are names we also mention that seem to be topping out. The price action in restoration hardware, William Sonoma and we dont need to go down the road of what they sell. Those stocks popped out a couple of weeks ago thats concerning. Do you want to play at the 100 earnings table, gap earnings on the
Critical posts. Refused to concede the race. There was no shortage of gold. And one of the best games of the seas. Are welcome to the program we begin with some breaking news that german based Pharmaceutical Company beyond texas one of the vaccines its developing with pfizer of the u. S. Is more than 90 percent effective against coverage 19. Has published the results of large scale Clinical Trials saying that it has found no serious safety concerns. Beyond the 1st drug makers to show successful data in the trial i cover of the virus vaccine. Thats got more from Political Correspondent nina hoss nina how significant is this announcement. Inspan the German Health minister just gave a statement and actually a press conference where he was asked particularly this question and he said that he was proud because it is a German Company that seems to be in the lead of this race for a vaccine but he also cautioned against hopes that might be too high he said it was a good sign that says now we d
A body search to go in neutralize virus everywhere in the body except player long as you very well then the antiviral. Does appear in basically slows down the virus once its already in a cell for making more cell and then finally the steroids what it really does is it knocks down your immune system normally they give it to you wait later in the infection when their goal is to stop your new system from overreacting and attacking your lungs your are even your brain so they decided to get all 3 at once in this case it seems like its just a way from coba just for a 2nd ive been saying on this show regeneration that had links to cuba because the c. E. O. Once visited cuba ive also been repeating something some Mainstream Media outlets have that the region around treatment may be based on fetal stem cells i understand ive been talking rubbish. Half truths so in no. 973 there was a study in the netherlands where they isolated a act uniting 3 human embryonic any cell number 293 this is a human
An antitrust lawsuit against google, characterizing its search and advertising business as a monopoly. Shares shrugging it off, up 2 well speak to a top analyst about what it could mean Going Forward for big tk and Tilman Fertitta is seeing bright spots in the country. Hell tell us where and why. Power lunch starts right now let me welcome you to power lunch as well take a look at some of the big names we are watching today. Netflix slightly higher ahead of its earning reports, that stock down about 4 . And no earnings boost to ibm, thats the biggest drag on the dow after reporting its Third Straight quarter of revenue declin declines and financials one of the best performing sectors thanks to regional banks, helping the rest of the group kelly. John, thank you we begin with the two big stories out of washington today. Elan has the story but first Kayla Tausche is tracking new developments on stimulus aid reporter today marks the end of the 48hour window that nancy pelosi set to reach