Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
Maria and our top story this hour 2020 democrats facing off on debate stage in charleston, candidates taking aim at frontrubber South Carolina days before South Carolina prime aye and less than a week before super tuesday, Hillary Vaughn with all the highlights, hillary. Good morning, maria, democrats on stage did not pull any punches, mayor Michael Bloomberg fended off attacks over billionaire status as painting status as unelectable and warren as mayor Pete Buttigieg drilled sanders over the math behind medicare for all. Elect bernie, bernie will lose to donald trump and donald trump and the house and the senate and some of the state houses will all go red. Mayor bloomberg has strong and enthusiastic base of support, the problem is they are all billionaires. Everybody in this room imagine moderate republicans going over and voting for him and you have to do that if you cant win. Aggressive agenda is popular, mayor bloomberg, he cannot eastern the trust of the core of the Democratic P
Right this hour, where there is still here one hour left of it. Good to have you with us here for closing bell. Im Contessa Brewer in for sara eisen today. It has been a big year for stocks the dow, the s p, the nasdaq all on pace to close the year higher by more than 20 well tell you which names have seen the biggest gains and with tech up by nearly 50 this year, well have an exclusive interview with Tech Hedge Fund giant, dan niles. Hell give you a peek into his 2020 playbook. Also, we didnt answer bills question lets do it what is your drink . Whatever gets put in front of me great answer. Very good answer, indeed mine might be an Old Fashioned tonight. We shall see but we have to get back to the show lets take a look at whats driving the show 59 minutes left. Were down 40 points on the dow. A little bit of rebalancing as investors get ready for the new year President Trump tweeting today he will sign the phase i deal with china on january 15 and Consumer Confidence data out this mo
Its back to 32 a share. Down 6. 58. Overall, the markets holding pretty steady as the profit reports roll in. In fact, id say stock prices are real solid and some of the profit reports, thats keeping the market at very high levels. No big pullback at this point. The dow industrials will open up about 40 this morning, s p up 6. By the way, the s p is only 22 points away from the alltime high. Whats that, just one big rally . The nasdaq, look at it go, up a half percentage point premarket. Big deal. Now let me lay out what we have for you. An important speech from Vice President pence on china. He may take a hard line. That could affect the market. And here comes amazon, perhaps the most important Earnings Report of them all. How strong is Consumer Online buying . Very important and we are going to find out today. Of course, we are going to watch apple hit new highs and unless something dramatic happens, we are hardly even going to mention impeachment. Here we go. Varney company is about