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Odonnell good evening, odonnell good evening, and thank you for joining us. We are going to begin with breaking news and another sign of how dramatically and quickly a new wave of Coronavirus Infections is sweeping across the country. Tonight, the nations Largest School system, new york city, says its closing all of its schools, sending more than a quarter of a Million Students who had been in classrooms back home for Virtual Learning tomorrow morning and creating chaos for working parents. That abrupt decision comes as the infection rate in new york again. Nce the epicenter of the and while clo pandemic, is rising once again. And while closing schools might be one of the largest indications of just how dire the crisis is becoming, it is far from the mos ....
And welcome to power lunch. Im melissa lee. Check out this rally right now all 11 sectors are in gree green. Taking a look at some of the stocks were watching. Salesforce is under pressure for the second day in a row, down about 7 in the last week as it gets set to report earnings after the bell and reportedly to make a deal. And we have exclusive data on how the bitcoin boom is boosting this payment stock first lets get over to bob for more on todays rally. Hey, bob hello, melissa. Good start to a traditionally good month we got talk about a new stimulus plan, janet yellen on the air and, overall, 11 sectors all on the up side. Bank stocks leading the way but technical stocks also. No dig selloff in tech that was also a november play there. Theres energy you have your value play with banks, energy up you have your growth play with tech, cyclical with industrials up and even more defensive groups, Consumer Staples on the up side ....
Lets check with gianna. We are dealing with foggy conditions on the roadways as we start the day. We sure are. Chp issued fog advisories for bay area bridges. That includes the bay bridge. You are looking at the toll plaza, metering lights are on and there are a few foggy spots as you work across the span. We did have a broken down vehicle on the upper deck near Treasure Island. Thats now cleared out of lanes but slows things across the upper deck as you work from the incline to the Treasure Island exit. Past that, things look better down the skyway near the fremont exit to San Francisco. Slow and go in the altamont pass, busy out of tracy as you work towards north flynn. We are following the aftermath of this nasty crash in San Francisco this morning. It appears as ....
Senate but expect that to happen. Yesterday on the midday news, we were able to say that biden had confirmed that yellen was, indeed, his pick for treasury secretary. Wall street has suspected that for more than a week. She is one of the reasons the stock market has been doing so well. But this morning, as you saw on nbc bay area in that special report a short time ago the president elect made all of this official. The team im announcing today will play a Critical Role in shaping our plan for action starting on day one and move fast to revive this economy. They are going to help me help us, help the country lay out my build back better plan. Its my great honor to have this opportunity to serve you and the american people. And to join this incredible Economic Team at this moment of great challenge for our country. Reporter president elect biden has named neera tanden as the dire ....
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intra ....