Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
Bide 253 Electoral College votes, trump 214 biden needs 1 out of those gray states that you see there, which still have not reported their results yet. Were expecting new numbers from nevada any minute now. Were going to watch for that. Look at the state of play in arizona as we move around the country. You see its biden in the lead 50. 5 to 48. 1, a difference of just over 68,000 votes ive talked to some trump people they are optimistic that the tail end of the count is going to be protrump because they are votes dropped off in person. You see the margin in nevada 49. 3, trump 48. 7 86 of the vote in there thats where were expecting some new numbers today the biden margin there is narrow but we dont know exactly what vote is coming in and from where in the state and which counties its coming in were going to have to watch for that one pennsylvania, theres been counting in fits and starts and who is allowed to be in which polling play counting house to see the actual results being coun
Out of 5 segs laeout of 5 segs s out of 5 segs laessions last we. A lot of that potentially around the possibility of vaccines. Well talk to dr. Scott gottlieb about that pfizer already saying that its made several hundred thousand doses of its vaccine they could have 100 million ready by the end of the year if they receive approval. Lets look at whats been happening in the treasury market this morning as well last week you did see those treasury yields under some pressure this morning back a little higher yielding 0. 774 . Thanks, becky busy day ahead lets look at the squawk planner. A group of Oil Ministers are meeting today. Theyll be talking about the weakening demand and increased output by some members immediate action is expected on the economic front, fed chairman jay powell will be speaking at the International Monetary fund meeting at 8 00 eastern time then we have some earnings news. Ibm, the big name to watch its going to be reporting Quarterly Results after the bell of cou
. O a presumed debate october 15 crisis, go to cash. Do you understand we are 3 from a dow record high . Jonathan the narrative has really shifted away from the worries about a contested election, and now the conversation about the potential of a blue wave. No question about it. We like to see more polls coming out. The candidates really migrate to arizona today and tomorrow to come off the messaging from utah. Have you seen the polls for going to be at polls from quinnipiac . A fivepoint lead in iowa for biden. The average right now, 9. 4 points to biden. I feel you, tom. I get it. Everyone else does, too. They are conditioned by the experience of four years ago. That is a conversation with kevin later this morning. Tom again, i look at the markets. The doom and gloom out there, the vix, the volatility at 28, im sorry. Look at the equity recovery and look at corporations adjusting. This breaking ibm news is important. Jonathan after a big acquisition last year of red hat, the restruct
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be