And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john pisani you hit it right. It is essentially out of growth and the rally in cyclicals value, not always the same thing but cyclicals and values are continuing. John mentioned walgreens theyre going to be an administrator of the covid shot. Walgreens and cvs moving thats a very specific story by bu si but cyclicals Like Aerospace boeing has been a huge mover in the last few days, 3m, oil stock is anot
Improving. Atlantia shares are holding after sliding more than 12 as they dismiss the proposal to rescue the motor way operator describing the offer as insufficient well, stock markets here in europe have been open for an hour so far and what we had, a lot of green on these boards from the outset though we have bounced off some of the highs of the session, the core markets, and what we have so far in the benchmark, gains of 16 of a percent. We can switch over the boards. You can see how firm it is for the u. K. Stock market. Out in front, gains of 1. 1 . Typically its not the one taking leadership here in new york we were up more than 1 on the german stock market but we have given back some territory very close to that mark still a firm trade also some of the early gains enough to keep it above the 5,000 point handle lets take a look more broadly at what we got by the sectors at the start to every single sector trade and you can see that remains the case at the top, theyre now taking t
Stocks are working on backtoback negative sessions on fresh concerns about the virus weighing on sentiment. Josh, i feel like the great debate its the reopen trade versus the reality of the virus trade. You have the country wants to get back to business and normal versus the fact that the virus is spiking in some very big and important states. Yeah. I think thats exactly the right way to explain it, scott i think theres a large group of stocks, things like airlines, retailers, we talk about this all the time they seem to be having the red light green light days and then theres the large market capitalization names that seems to be unfazed i think whats interesting now though its not just f. A. N. G. Stocks theres a wider group of stocks that seem to want to go up, almost no matter whats happening with that resurgent story. I think thats what most traders and what most active Market Participants are focused on. Look at name like spotify, this stock at an alltime high. Up 19 overthe last
With the u. S. Cases jumping the most in almost eight weeks. Anthony fauci says a new mutation could speed the spread. Will tell citizens to act responsibly as pubs and restaurants in england reopened today. The nation will also use quarantine rules from some European Countries, including right here in germany. Lets take a look at some of the risk assets that could move markets today or indicate what we are going to see. S p futures, first off, actually, as i mentioned, there will not be any trading in the u. S. Today, but still a good idea to see what is going to happen in terms of risk sentiment. We see them down. That said, european futures are kind of mixed right now. Gold is trading slightly lower right now but still looks set to end the week higher and nymex upde as well down today, but above 40 a barrel. So it is relatively strong price for wti, and then finally, take a look at the bloomberg dollar index. Interesting today. It is slightly higher, but the dollar index looks set t
A libyan city reclaimed by Government Troops from fighters loyal to warlord khalifa haftar. And a fear that manufacturing is on the brink of collapse in the u. K. As thousands more jobs a lost. Book into the program a sudden rapid rise in corona virus infections in parts of africa is worrying the World Health Organization it says the pandemic is accelerating across the continent at an alarming rate it took 98. 00 days to reach 100000 cases its not surpassed 200000 in just 18 days the reason for this is not surging Community Transmission in more than half of the 54 countries in africa the worst affected country is south africa where there have been more than 58000 cases doesnt factions spread beyond big cities and into rural areas there are fears that Health Systems are not equipped to handle a crisis well i mean address says Health Systems across the continent will struggle to cope with severe outbreaks. Report. How. Particularly being. The cases were going to see in these days. And to