One of the hottest stocks in the market, General Motors dives in and the ceo will join us in just a moment power lunch starts right now welcome to power lunch. Im dominic chu. One bright spot is the Housing Market you have restoration hardware, williams sonoma, theyre jumping and then you have trex, which makes decking and railingtype products for homes and two Retail Stocks hitting new highs, will brands a the a 52week high, target at an alltime high yet again today after its big blowout Earnings Report yesterday. And, kelly, you mentioned the electric vehicle trades tesla a the at a new high is up 20 in just this past week kelly. All right, dom. The dow sliding today and heading now for a down week. Lets go to bob pisani for the action the markets are still having a hard time to figure out on what to focus. Do you focus on the spring reopening in 2021 and Second Quarter or on the covid winter right now . Today a little more focus on the covid winter the good news is tech which has be
These campaigns start thinking about a transition of power. Guest it is an interesting history. Until 2010 there was no legal requirement for campaigns to prepare. In 2010 the president ial transition act passed. It provided that it was not just something they could do, it was a responsibility. Of candidates who are representing major parties to organize transitions. So, transitions generally start as early as april. Certainly by may, because there is just too much to do in organizing the National Government to do it in 75 days between the election and inauguration. It is a quite surprisingly sophisticated, can be, operation. Host what does it entail . Guest there are really four responsibilities. The first is to prepare to put a team on the field, if you will. Organize a white house staff, a cabinet to fill the most important senateconfirmed positions. They have to be cleared. Getting a running start is important. The Second District the second is to prepare the first 100 or 200 days
If you are unemployed or furloughed, 202 7488000. If you visited a food bank, 202 7488001 is the number. If you are behind on a housing payment, 202 7488002. All others this morning, 202 7488003. That is also the number you can send us a text this morning. Send a text, include your name and where you are from. Otherwise, catch up with us on social media. On facebook, it is facebook. Com cspan. You can start calling in and this first section of the washington journal. In in this first section of the wafted in journal. This week is said to be a crucial one. Now,rn to eric watson congressional reporter for bloomberg. Good morning to you. What is the status of negotiations . Did anything change over the weekend . Guest good morning, john. Yes, over the weekend, this gang of eight senators, for democrats and four republicans four democrats and four republicans, had a series of meetings to develop a text on their bipartisan proposal. A week ago, an at least in outline. At least an outline. T
Arrive as soon as tomorrow. The cdc recommended the vaccine for people 16 and older. 3 million toeses are underway and 20 million will be given out over the next two weeks. Health care workers and nursing home residents will receive the vaccine first. More on what officials said today. We are not taking a victory lap. The road will be tough. Operation warp speed compared the approval of the vaccine to dday. In military its the day the mission begins. Dday was a turning point in world war ii. It was the beginning of the end. And thats where we are today. The u. S. Government and u. P. S. And fedex are delivering if vaccine. It comes as hospitals face the largest surge of covid19. Its a symbol of hope and a beacon of light. Officials with the food and Drug Administration said approval could take years, with thousands dying they worked to come to a decision. Because of the suffering fda felt the responsibility to work through the review with a sense of urgency while doing their jobs. The
G20 meeting early this morning and the biggest subject was covid. Yeah, no kidding. Saying covid is the biggest topic at the g20 is like saying, i was at the oscars, and the big subject was movies. And then, he skipped the session devoted to Pandemic Response to play golf again. Theres the caravan of carts. And there he is, aintdoin, jack nicklaus. As graceful as a dumptruck. He golfed on saturday and sunday this weekend. Ive never seen a guy try so hard to keep a job he doesnt even do. This is his schedule today. No Public Events again. Just some eating and private screaming into a mypillow. On friday, he did do something. He attempted to personally interfere in the election. He invited the Senate Majority leader and speaker of the house for the state of michigan to the white house. For some bigly buttering up. That didnt work, because today, the michigan board of canvassers certified the results, officially declaring joe biden the winner. Trump had another big loss in pennsylvania to