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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 cy ....
Ahead . A delayed launch, Rocket Companies sinking after reporting its first results as a Public Company, the ceo will join us in just a few minutes to discuss. And later Tyler Goodspeed as jobless claims come in under consensus and post a new low since the start of the pandemic. A lot to work with today, david and melissa, as we watch that intraday period yesterday where we saw tesla down 10 , for example, worst day for a moment there since early may, david, and then the buyers came in and we will see once again if that happens with some of those names like tesla down about 6 before the bell. Yeah, well, listen, im glad we have melissa with us today for so many reasons but one is because theres nobody who knows more about this company or certainly has talked about it as much as you guys have on fast, melissa, for obv ....
Were going to give them more. Target soaring today if youre looking to buy the stock now, have you already missed the mark . We will debate plus, we are following the after hours action in shares of both nvidia and l. Brands both stocks on the move after reporting results. Well break down the numbers a surprising stat on l brands that i promise you did not know. Later, bonawyn is taking to the mound to pitch his next best idea why he thinks this housing play may be a total home run. We are going to begin now with breaking news on airbnb and their plans to go public lets bring in deirdre bosa with more on the details. This is a filing that we have been waiting for for a very long time however, airbnb filing confidentially so well have to wait a little longer this isnt unexpected. A source told me airbnb could file as soon as august and shares could trade this year just because you file confidentially doesnt mean you have to ipo any time soon. What may be surprising is that airbnb is fav ....
For independents and others, that is 202 7488002. You can also send us a tax. Make sure you tell us your name and where you are texting from. That is 202 7488003. On twitter, it is cspanwj. Lets start with the polling on this. Both cases are the result of cases on the front of the new york time. Present isnt above the law. Custis is decide. Two cases. The court ruled seven to two that new york prosecutors could seek mr. Trumps financial records. Vote they call the liberal block and conservative block, those considered in this decision that voted for this. Same result in the second case, and the same majority ruled mr. Trump, for now, could block disclosure of his financial records to House Committees, returning the case to lower courts to narrow the scope of the records sought. Both of those cases in the polling on the cases from the New York Times shows in obtaining the rig ....
Weve given all of that back and then some. Yesterday, the market was down by 1,861 a decline of 2,443 points. All of that over the previous sessions we had given back futures are up by 626. Normally, thats the type of move that would make you sit up and say wow s p indicated up 69 points nasdaq up 192. Treasury yields have been moving all over the place as well we did see the 10year on monday up 0. 9 . Higher than that this morning, up 0. 2 on trading yesterday. Accelerated on the day everybody was on tender hooks to watch what would be happening here are some highlights of what is on tap car line, former citigroup ceo, former white house chief of staff, founder and chairman of Interactive Brokers joining us there. A lot going on there todays top story, uk gdp following 20. 4 in april the largest monthly fall on record as the pandemic lockdowns have battered the economy. Londons ftse down more than 18 , thats just year to dat ....