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You cant fell it to roll over you cant get it to fetch. Somehow people imagine there is discipline to the process that the action falls clear patterns. For example, when you get a spike of infections, the average is supported to get clobbered and that is what happened friday monday new ball game nasdaq advancing 1. 20 the bulls look at the spiking number of covid cases next to the not spiking number of fatalities and figure we made Real Progress fighting this disease so buy stocks into any kind of weakness we almost got back to even on the dow because mortality rates look like they are dropping. They are buying recovery stocks, not stay at home stocks. If you believe the spike in infections isnt an issue you want to bail on the covid stocks too many states are gradually shutting down to write this off as no big deal more on the index later in the show what happened today . Lets go over key parts. First, we have a reason that can ac ....
Well tell you what it is and what to expect in the new decade but first its the final countdown cool. The whole show lousy song yeah . Its a miserable song right up there with the eye of the tiger which is one of the five worst songs of all time. Great movie. The movie it was in jordans bulls were introduced to this song the other night, werent they . Good memories for me. Okay. Well, it is the final countdown nonetheless, guy, whether you like it or not its the final countdown theres one trading day left before we ring in the new year and a new decade and its looking to be an ugly end to the year with stocks posting the biggest losses in four weeks so should you hold off on popping the bubbly or was today just a minor blip i think its a minor blip i thought the market was going to go down since september i said it earlier that december is going to be at best a choppy month but at worst a volatile month. Didnt pan out that way. Look, i do think that things have gotten ahead of themselv ....
Welcome to power lunch. Im melissa lee. The bulls are in charge firmly today. The index up triple did you get right now, up about a half percent. We are off session highs s p also hitting 2800 for the first time ever. Its a broadbased rally also hitting record highs. Heres whats moving this hour ge is down about 3 , teak a 6 billion hit related to the reinsurance biggs. Fellow dow member, unitedhealth going in the opposite direction. The stock is rallies and amazon take a look at that, trading at alltime highs. That is the highest on the street brian . Thanks, mel here is what else is happen, a Big Hedge Fund eyeing twitter. Greenlights taken a small position in twitter. Its not helping the stock, though we have called the energizer bunny. Now theyre getting into the rally, buying ray ovac with specter and were going to head live to the Detroit Auto Show later this houring ....
Crude that was the story yesterday. Look at that. You were just at 50. We were just pushing 50. You saw the latest caseshiller home prices, they were just released at the bottom of the screen. San francisco, denver, portland have the biggest home price gains. Lets get to our road map this morning. Earnings, earnings, earnings. Alibaba higher in premarket after profits and revenue beat expectations. Yahoo goes up when alibaba goes up. Mixed results in from dupont, ford and u. P. S. The cfos of u. P. S. Will be up later in the show to give us more insight. Pfizer, merck, bristolmyers all beating consensus and boosting fullyear guidance. Take a closer look at pfizer. Those were particularly good numbers. Lets start off with alibaba, up sharply in premarket. Posting better than Third Quarter results. Revenue up 32 . Strong growth across the board, particularly in mobile. Yahoo owns stake in alibaba, it will be putting that in a separat ....
Mexicos first lady under fire for taking houses from companies doing direct business with her husband, the president of mexico. Now, for the first time she is speaking and Michelle Carusocabrera will tell us what she says. First to sue at the nasdaq where she will talk to the ceo of a company that just went public. Thats a great story and we will get to it in just a bit. We begin with mounting fears about the safety of cars on american roads. Regulators calling for a National Recall of millions of cars with air bags made by japanese auto parts supplier takata. Phil lebeau joins us live from the l. A. Auto show where air bags are stealing the show at this point. Phil to you. Reporter a lot of attention regarding the takata air bag recalls. A lot of people saying im not sure what is going on. Last night the National ....