johnson warns of the hardest weeks ahead for the nation and shares of foxconn surging as it says that it wants to get into the electric vehicle market it is tuesday, january 5, and this is worldwi worldwide exch. good morning, good afternoon or good evening from wherever in the world that you may be watching i m brian sullivan glad to have you with us let s get to the markets and your money after monday s big tumble, futures are looking like we could bounce back a little bit they are higher, not a lot, dow up 49, nasdaq 17 but they are in the green. your restmeinvestments likely t big hit yesterday. s&p 500 had its worst start to the year since 2001, and its third worst start ever by the way. really it is a triple or even quadruple wall of worry for stocks to begin the year let s walk through them. number one, you ve got fears of potentially higher taxes, maybe much higher if democrats take the senate those two seats are toss-ups right now here on election day you ve got
to president-elect biden energy continues a monster move higher the oil and gas etf up 13% in the last two days. despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. on today s show, two voices to help explain the dow s record rise in just a few minutes jeremy siegel will join us and later liz ann saunders plus former testry secretary jack lew will discuss president-elect biden pick of janet yellen to lead his treasury administration. let s get the latest from wall street mike santoli is tracking the action to led us to dow 30k. certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s&p 500. similar look in every respect in terms of getting back up pretty much
upping its offer for an aid package to $1.8 trillion, president trump tweeting go big a positive development on the covid treatment. gilead s treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. absolutely. the russell 2000 is up 6.4% for the week the dow is currently positive for the year as a whole, just. let s get to the stimulus news in washington and the reaction to it. bob basketball has a look inside the market rally ylan moi, and dana peterson from the conference board bob, let s start with you on this very nice end to a strong week. good news and bad news, will. good news is, s&p is up about 3% on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. that s concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on te
ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds we ll have more on that in just a bit. we have 59 munz left left to goy volatile session still make for the worst day in a while. percentage terms, we re down 2.2% as we stand ahead will be all over the selloff in the final hour of trade. billionaire investor mike novogratz will join us with his take on today s plunge and whether he is buying any of the dips after three straight lease losing weeks and we ll speak with john kerry in an exclusive interview. we ll get his take on the supreme court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about let s focus in on the big stories we re watching on a very busy day of news mike san
continues to debate the next stage of emergency measures. and as the nasdaq underperforms. it s very interesting. what is the biggest driver of it is yesterday s winners that, thomas leading the declines is it that people are at home with more stimulus money that sort of a narrative in the all fangangs, tesla, zoom, ebay. media. what do you think it is? the dow up is 1% s&p 500 is up about 0.6%, sara well, it s no the so much to big show coming up. jonathan tisch will join us and to go out for a walk anymore the face covering debate for people are sitting at home and doing whatever they can do on hotels he ll talk a little nfl. the screen plus, testing delay snarl and training is very exciting efforts to trace and control the virus in this country, we ll thing. speak with the ceo of labcorp. and what about the regions, thomas is this big jump particularly an individual s activity only so and we re talking about a massive afternoon of earnings, prominent in the u.s.