Most like to buy hell join us with that in just a moment power lunch starts right now welcome to power lunch. Im dominic zchu. The Energy Sector is leading the market higher and up around 16 for that sector, its best week ever, ever historic levels. First, its a long, long 2020 for the group here, still down 45 for the year overall take a look at two of the big earnings winners youve got cisco up more than 6 and disney off the highs but still up 2 as its streaming service passes 73 million subscribers. In just the past two weeks, the dow is up nearly 11 for more on the markets now, lets go over to bob pisani with the latest bob. Hello, dom. This week has been about the rotation from growth and momentum into value and cyclical stocks, and thats playing out again today, very similar to what happened in the other four days just take a look here. Good day for energy stocks, good day for bank stocks, good day for industrials. These had great runs this week ener energys up 16 , banks up 12 ,
We do expect that to be done within a couple of weeks. Youre on the more prepared this is documents and submit them to the f. D. A. In the coming weeks. Mcgurn, a shares jumped 12 percent in premarket trading. This is a 2nd vaccine in the United States to have a stunningly high success rate. Last week, pfizer announced that early data shows its maxine is more than 90 percent effective. Meanwhile, the European Medicines Agency is Human Medicines Committee said its starting a rolling review of madonnas covert 1000. 00 vaccine. The regular is already reviewing vaccines from astra zeneca and pfizer, all in an effort to speed up the approval process. Now to a coronavirus update over the weekend, the us are past 11000000, new code 1000 cases. This comes only one week after hitting 10000000. Thats an average of about 150000 last week. Positive test rates and hospitalizations are up across the cut 3 forcing states to place even more restrictions on social gatherings and even travel. The u. S.
Reduce a lower thats undercutting, but whats good for the market is not good for the global economy. This is a boom bust the one business show you cant afford to miss something. I want to fail in washington coming up more positive news for a little bit about how to wall street trading about your record on monday will break down where investors are putting their money on the top to bottom out to trade deal and join this team Asian Pacific countries together with the Worlds Largest economy and lucked out, we have a lot to get. So lets just start a historic day for modernity. As preliminary results show its corona virus vaccine is more than 90 percent effective on monday madonnas early data showed 94. 00 efficacy for its acts. Seen data also showed the drug maker gave 15000 participants a placebo shot out of those 90 people got sick. On the other hand, another 15000 participants also received the vaccine or actually received the vaccine. Only 5 people got sick and thats where you get that
Vaccine. Only 5 people got sick and thats where you get that nearly 95 percent efficacy. Those 5 who developed covert 19, none of them had severe symptoms. But then as president , dr. Steven hogan hopes to submit documents for approval in just the coming weeks. We know that you have about 20000000. 00 doses of the vaccine by the end of this year on year. And were looking forward to making about 500000000. 00 to a 1000000000. 00 this next year. But given the rate at which we were in pieces, we do expect will have probably 150. 00 or under 51. 00 cases at the final analysis. We do expect that to be done within a couple of weeks youre in them will prepare those documents and submit them to the head. In the coming weeks, mcgurn, a shares jumped 12 percent in premarket trading. This is a 2nd vaccine in the United States to have a stunningly high success rate. Last week, pfizer announced that early data shows its a back scene is more than 90 percent effective. Meanwhile, the European Medicin
Well find out why and consider your free trial expired. At netflix rolls out a new membership playbook on this wednesday, october 14th. And this is Worldwide Exchange. Just remember it is not the eagles, it is just eagles. Random but interesting good morning and welcome from wherever in the world you may be watching good to be back with you on this wednesday morning. Here is your wednesday set up futures are up higher. The big options represented stock moves the sgam ma, a pret october. Russell 2000 up nearly 9 , the nasdaq up nearly 6 . And your headlines will be a bonanza of Bank Earnings bank of america, wells fargo, pnc and u. S. Bancorp all out today. But these stocks largely cannot get out of their own way and bank stocks again getting it on yesterday many falling more. And outside of that, here is a little wednesday mystery chart for you. Can you name the best performing s p 500 stock this month can you . Well, the answer is coming up a bit later on in the show sorry, it is calm