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You know, of three straight weeks in the red this time its not tech thats leading the sell off you have materials, industrials and Energy Taking the market lower at this hour plus, still front and center for both washington and wall street is that tiktok melo drama. Will the chinese give it its stamp of approval. Power lunch starts right now lets go to bob for a look at whats happening and why. Bob. This did not start today. It started earlier in the month. It Gains Momentum in the last four days. Theres some very good reasons why. This didnt come out of nowhere. Lets review why the markets are down concerns in the uk about potential new lockdowns. There are increased trade tensions with china. Concerns have increased. Concerns about over value tech stocks that hasnt gone away. I think were seeing a bit of rising anxiety around the election this is not a mystery about whats go ....
A Coronavirus Vaccines half of the worlds possible supply has already been bought up by rich nations. Hello a Police Operation to get thousands of refugees off the streets and into a new tent camp has begun on the greek island of lesbos theyve had to shelter wherever they can since fires swept through europes largest refugee camp at more ya 9 days ago it had housed more than 12000 people nearly 5 times the number it was built for many of the homeless have been reluctant to move into the new camp fearing they would be stuck there lets get an update with Stephanie Decker shes joining us from there in that operation is meant to take place this morning what are you seeing stephanie. Well during the last time you and i spoke we were on the other side of this is where the riot police were and the police were trying to ....
Hello, im californias 27th congressional district. I am chair of the congressional agenspecific. Today, i will be chairing an important Congressional Forum on an alarming rise of anti asian bigotry during the coronavirus pandemic. I want to thank my good friends of the congressional try caucus. The chair of the congressional hispanic and chair of the Congressional Black Caucus karen bass. For hosting this event with me today. I also want to think my fellow colleagues are participating today. As well as our witnesses and Asian American leaders from across the country who are joining us virtually. Since the beginning of this year, Asian Americans all across the nation have been terrified by the rise of anti asian hate crimes related to the coronavirus ....
The heels of positive covid19 vaccine news why are all the opening trades down check out the airlines and cruise stocks, battling rocky seas with major losses a cross the board. Lastly, check out casino names youd think they would rally but no a sea of red. Whats with the break down between positive vaccine data and these trades were back to the old play book in the market, tim yeah we had a week off. S p outperformed amazon 8 in a week boy look at the turn around, look at that move by amazon, big upgrades on the street, maybe its just catching up to the levels 3200 on amazon by goldman, alphabet shares theres Different Things going on as good as the potential vaccine news flow could be, i do think that the reopening trade is moving in reverse theres states that arguably have lost control. So, i think consumers are assessing, but more importantly investors are assessing what consumers may or may not feel comfortable doing in ter ....
Response. Cbs news correspondent Nicole Killion reports on washington on the latest fallout from last weeks drone strike. Reporter secretary of state mike pompeo expressed support sunday for President Trumps threat to hickt ba the death of general qasem soleimani. Ive been part of the nnin pg respond with great force and great vigor in the iranian leader which is makes a bad decision. We hope that they wont, but when they do, america will respond. Reporter late saturday, the president tweeted that 52 iranian sites have been picked as targets in iran attacks. The tweet says some of the targets have cultural significant. On cbss face the nation, Margaret Brennan asked secretary of state pompeo if that is consistent with his own message of deescalation. Depletely consistent. Threatening to bomb plain land iran . The iran ....