S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in terms of online sales with so many Stores Closed but today we found some folks lining up for door busters this morn
And throwing a little excitement into the game. Bonds are higher. That supports the bigger decline we had for the s p 500 earlier. At this point again we are seeing for bonds, the decline in yields probably more outsized than the pullback we have for stocks. Perhaps there is some volatility, but not today. One place there was movement was in Prescription Drug sales. Amazon has decided they will come to that business. Higher on then news they are opening an Online Pharmacy where they will sell drugs on a digital basis. Discounts to prime members. On this you have the likes of sourcelgreens, amyris from anything involved in the drugstore supply chain down in a is way as the commerce giant getting into the business. This has been thought it would happen for a while, but now that it is here come easy the big selling pressure in the health care chains. Amazon off the highs but in a hohum day is up. 7 . David thanks to Abigail Doolittle for that report on the markets. The ceos of facebook an
Abramowicz. Tom bloomberg radio, bloomberg television. Good morning. Bloomberg surveillance. Jon took me off the ledge over tonight. Tsarsenal for and then sunday evening, a bombshell from the New York Times. Jonathan i never thought we would start an hour with english football, but we seem to do that now. I dont want this to be the story, but lets talk about whether it is real or not. I understand it is an important story. I understand it is sensitive for many people in america. But far too often, there has been a highlight reel of news anchors sitting there saying the word bombshell, and it has done nothing for the polling of the president of the United States. Are you convinced this will . Tom not at all, and Kevin Cirilli making clear it wouldnt have an effect on the very few, if any, undecided. The comment from the New York Times that there would be comments to come. In the markets, up, up. If we keep talking, we will be up 50 points on spx. Right now we are up 44 points. Jonathan
Tourists. So are you ready to get away . This is a notable night for all of us. Exactly six months ago our lives changed. We were ordered to shelter in place. Among the questions now, are we even halfway even at the Halfway Point of this pandemic . And are we ready to loosen up and get on a flight out of town . Nbc bay areas Sergio Quintana is at sjc with the story. Sergio. Reporter traffic officers here say San Jose International has been getting pretty busy in the mornings and evenings. More people are flying, but theres still a lot to consider before booking a ticket. This is the first flight for this family since the start of the pandemic. Theyre making a short hop to palm springs. Its just far enough to get away from home. When the smoke started happening with all the fires, we couldnt go outside and enjoy it, so we said lets go somewhere where air is fresh so we can get out and enjoy the sun. Reporter her son is playing in a Golf Tournament there, so they decided to fly the whole