Microsoft both helps to lead higher the vaccine for 1. 5 billion, a top analyst will tell us what it could mean for that stock. Power lunch starts right now bob pit sannist is watching them tlim toward new reports theyre trannen bond yeels, a very, very heavy week of auctions bob, lets start with you. Were not doing it in the way we thought, weve been having this rotation go on, not really happen today its largely tech. Remember on you banks, energy, stocks, industrials have been leading recently health carele lagged a bit russell 2000 is not doing much here, either qualcomm and broadcom with new highs. Apple is not far from a new high its not just tech, there are some consumer names consistently holding up kimberlyclark, for example, colgate, target, lowes, but dont kid yourself this is still tech driven. All of the big regional banks are down 2 , 3 or 4 . We did it yesterday we are not far from that, folks the intraday high, just 3393 well see what the final hour does to the market t
Big rally bubbling up. Check out what happened to chinese tech stocks today as Congress Seems to be turning up the heat on china. Lets get to Kayla Tausche for the details. Melissa, the Holding Foreign Companies Accountable act technically applies to any nonu. S. Company listed here and it requires those companies to be subjected by the securities and Exchange Commission and if not to certify that it is not owned and controlled by a Foreign Government any company that cannot prove that would be dislisted. Here is john kennedy, the republican senator from louisiana who sponsored this bill i do not want to get into a new cold war all i want, and i think all the rest of us want is for china to mri by t play by the rules. Antichina sentiment has been gaining steam in recent years and it did not subside after the phase one trade deal was reached in january and this particular issue of transparency has gained new momentum after the fraudulent Financial Disclosures at Luckin Coffee just last
Thanksgiving coma and the ending the threeday losing streak are a set of records around the corner or this rally a flash in the pan. First of all, welcome. Thank you. [ applause the man. The momentum killer i just drop the hammer on momentum up. We call these the ifbs they told me in your name that your name at hq is c. Quint. We might take the quint thing. So, quint, to answer the original question today was a flash in the pan december 15th columns. The december levies the tariffs, the market goes down i would think it trades down to 30, 90 or so handles from where we are now and then another conversation but today was a bounce from the market down three days steveo. I do believe the market will bounce back even the last two weeks of the year if he puts on the new tariffs. So i agree with that level too 3,000 roughly in the s p but the market who wants to he will is the market . Long onlies want to be long it long short hedge funds will underperform if the market trades lower so momen
Stocks near their session highs. 1, 2, 3 all, and its really in the bond markety yields are, yes, soaring today much the twoyear note, highest levels, five years at its highest level since 2010, and the tenyear at its highest level since july of 2014 at 2. 65 meantime ge going the other way, down below 16, lowest levels since december, theyre moving the etf that mimics them, hitting a new multiyear high more on the m a that is fueling this group thats ahead brian . Thank you, tyler. Another rough day for bitcoin, it is down nearly 7 , more what is fueling that slide and where the cryptos go from here the imf raising its Global Growth thanks in part the agency expecting the world some i to grow 3. 9 this year that was up from previous estimates. More proof perhaps that the death of retail has been greatly exaggerated. Shares of teen retailer abercrombie and fich soaring after it raised its outlook. We begin with the government shutdo shutdown a key vote in the senate expected shortly Ka
They still have to vote on final passage of the bill, then it will go to the house im told to expect that 4 00, 4 30, somewhere in that range. Then the president will have to sign it. The white house said expect that Late Afternoon early evening but there are already restarting talks on immigration even before the passage is final of that bill senator john cornyn, the number two republican in the senate, just told a bunch of reporters that he had a meeting at the white house on immigration with other senators like senator cotton, perdue, langford and grassley they were informing the president about what they thought could actually pass the senate on a bipartisan basis they said they put to bed Graham Durbin, which was the preexisting bipartisan framework in the senate and trying to work on what comes next this immigration debate is heating up as we now look towards the new deadline in three weeks. Not only do you have that debate, which will be exceedingly contentious in both chambers