Surging as the u. S. Rounds the corner on a vaccine. But how exactly will a vaccine work well speak to stanford medical dean, dr. Lloyd minor. Power lunch starts right now thank you, ty. Welcome to power lunch, everybody. Im kelly evans. Tech is the best performing sector today, up 2. 5 as it regains some ground it lost over the past several sessions. Take a look at big cap tech name apple, microsoft, amazon and facebook all higher today. You can see amazon and microsoft up about 3 . Flipside of the coin, Energy Stocks are lower the Energy Sector etf, exl up 14 . Taking a breather today. And despite all the volatility, the s p is up a whopping 9 to kick off november. Wow. Dom chu has more. We have talked about this rotation, whether its a great rotation, whether its a microrotation into some value type sectors like energy, industrials. We have some massive moves on some of the most beaten up stocks in the s p. This righthand side, this move higher than been led by many of those deeply
I will ask Liz Harrington from from the rnc. The polls ask which candidate is better for the economy, perhaps the better question which candidate is better for your personal finance . I will break it down for you on making money. Charles the market began the session with a little gusto as investors were excited about the idea that President Trump could be returning to the white house while tell holding out Hopes Congress will push through a stimulus plan. The president also talked up the market with a series of tweets. Meanwhile the session is now exactly the opposite of friday where traditional safe havens were higher while technology was the worst performer. Even today technology not the biggest winner. Investors focused on value and material names. But there issues facing investors. Until major indices clear certain hurdles, these rallies could keep falling short. For me the key numbers on s p, 3400, on the nasdaq, 11,326. The dow barely above 28,000. How should investors cope forei
Wechat on sunday. Back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new Antibody Test and Vice President calls on trump to step down and tech volatility, the s p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. So we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesnt sound like you see a whole lot of material to salvage this in the next 48 hours. I think that walmart feels like its given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they think they can do more, but they had really felt that when pretrump it was looking like it was 43 owned by u. S. , 14 by international, chinese own 45 posttrump they are talking about u. S. Owns 53, international owns 11, chinese own 36 i think its the chinese owning 36 is the Sticking Point david, what level do you think the president would allow this deal or
Coronavirus vaccines produced neutralizing antibodies in all 45 trial patients. One analyst just gave it the highest price target on the street he will join us. Power lunch starts right now welcome, everybody great to be with you the Federal Reserve has released its beige book for a closer look at the economic recovery well have more on that as we dig through the headlines. We want to get it to you fast, we want to get it to you right we want to go to bob for a check on the markets hello there, tyler. We are sort of right in the middle of our 40point trading range in the s p 500 weve been stalling out at the 32, 33 level thats where we started the year thats where the june recent highs were were having trouble getting over that. The s p this week, about a 100point range. The good news, optimism on vaccine. The bad news is the reopening reclosing story is murky, causing a lot of stocks momentum apple up tech down today. Travel stocks, you see the optimism on the vaccine front, travel st
Trillion another half trillion since then is nothing to news at. Especially important week and i know we will get into this later, it is so whether or not they have been trying to build out a effort with iphone sales slowing down not due for the same kind of growth they saw kind of over the past decade wwdc important because of a dust up with a major developer they have been having in the past week not major because of the size of the company. We might be reaching a detaunt in that. And i know youre bringing us a big interview with brian chesky this hour. Thats right, im really excited to be part of this additional west coast coverage and to that point i sat down with brian chesky over the weekend and we talked about the travel rebound, and what the business likes like in this post kovid world take a listen. If there is a shut down or multiple shut downs, if communities are shut down, we will be okay we cut a he looks like dollars in marketing brian was very cautious about this it is a