And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side as well. This is what i mean when i say the goldie locks
Close at the open. The road map begins with that renewed vaccine optimism and detailing their own strong data. Plus as for the market, the u. S. Stocks poised for new records and the futures are and investor optimism about that vaccine and dow is within striking distance of 30,000. We have a lot of deals this morning. Pnc looking to become one of americas largest banks and set to buy spanish bank and 11. 6 billion the Purchase Price and other deals to tell you about this morning carl lets start with the moderna news excellent news for the second week in a row. Dr. Fauci on some of the networks earlier today saying the data are striking and the results are just as good as it gets i really think we have to go back just a couple months and recognize that even if we had any hope that there would be a successful vaccine maybe 70 , 80 . 50 to 60 for the flu is something we learned moderna Insider Selling was bad and turns out the Insider Selling was bad meaning they sold badly i do think wha
Frequent the scene in 1959, we will get reaction to this with comedian radio show host joe piscopo, it was a final showdown but were there any knockout punches this round, we will break down the debate including maura bidens call to end the oil industry, all that and so much more on making money. Charles when i think about the week for the market, i think the word tough sledding is probably appropriate every day we have a early strength to move to the upside and evaporate into choppiness and theres a lot of reasons including its not unusual in the middle of Earnings Seasons for markets to gyrate as they hash out the winners and losers in the new added the stimulus saga which seems to be of a natural headliner than traders, the real election of covid19 cases and the legitimate concern, it still may not completely explain the whole. That we are in right now, this is mine thrilled to have our next guest, to help us hash out what might be eating at the market, it equity strategist and seni
Is it time to bet on stocks that thrive and rebound in the economy . Thats what todays action said. Dow gaining 359 points the s p rising 1. 47 that was easy ooh, and the nasdaq advancing 1. 1 buy, buy, buy with many of the biggest losers of the year leading the way. [ moo i say not so fast. Look, we all want to go back to normal even after we lift the lockdown, the new normal will be different from the old normal. Im tired of the cliche, normal this, normal that. Things have changed for starters the new normal is less investable i dont think it makes sense to fall into the gap of Carnival Cruise or attend live nation concert. The streets roared theyre compressed springs given how far theyve crashed, i think theyve got more legs to them hey, if i were a Hedge Fund Manager id do these stocks by tradein state by state openings if i were an investor like you, i would let them run if i was stuck in them, then escape for the stocks well be talking about later in the show. You have to unders
With a marvelous analysis analysis of conservative nationalism. I want to extend a warm welcome to call it and our distinguished commentators. As you probably know, colin is a professor at George Mason University in a nonresident fellow at aei nextdoor literally at American Enterprise institute. This book is examines the concept of conservative nationalism that has been brought to public attention through the rise of President Trump in terms of both the history of ideas and how they have a manifestation especially medically so it is encompassing and granular and despite the gravity of the subject i can tell you is also a very delightful read. I read the book over the last weekend and i commend it to your attention. So its a pleasure to have you with us. I am also very grateful those that have agreed to join us we cannot ask for better commentators given their intellectual interest in conservativism and to making and implementing Foreign Policy in the United States a long career on capi