that was a sea change over what we have seen the last eight weeks. francine: hyde park was definitely packed as well and on saturday. it kind of goes to the challenges the authorities have as you look at the infections in real time to see whether you can go back to full lockdown. this is what markets are trying to figure out as businesses are reopening but you don t exactly know for how long. tom: it is true, nation to nation as well. brazil having a particularly tough go of it. statistically there is much more we can talk about about the economics and financing and also how it all folds into this pandemic. german powell front and center on that chairman powell front and center on that. right now with our first word news. the federal reserve chair says the u.s. recovery could drive through 2021. he told 60 minutes the economy will recover steadily through the second half of this year, but he said a full recovery depends on people being confident and that may not happen
with tim cook. and one company is shrugging off concerns about an economic slowdown in china. we ll tell you which one it is. a moment of truth for lyft as insiders get their first chance to sell shares at the open stocks are set to build on friday s rally, we re heading into this morning s trading session, the dow is within 394 points of recouping all the losses from that wednesday sell-off of 800 points is the economy at risk of recession? take a listen to what the president and some of his top aides said yesterday i don t think we re having a recession. we re doing tremendously well. our consumers are rich i gave a tremendous tax cut. and they re loaded up with money. and they re buying i saw the walmart numbers, through the roof. i don t see a recession we had some blockbuster retail sales consumer numbers towards the back end of last week. we had the strongest economy in the world money is coming here for a stock market also coming here to chase yield and o
talk about journalism and the importance of the first amendment and how you can t have our kind of democracy unless citizens have ax to independently gathered information that they can compare to the government s version of events and then decide what to do about it. but i ll tell you a little secret. i did not get into journalism for noblen ares. i got into it because i thought it would be fun. i loved to find out things before other people know about it and i love to talk to interesting people, and journalism seemed to place to do that. well, i want to el the you, when i went out to san diego the oh day and talked to gary west i talked to one of the most remarkable people i have ever met. think about this. here s a guy with his wife she was a major part of this whole thing who basically in their home back when people used to advertise on television and you were told to call a 1-8 hundred number to order your product, he figured out with mary how to answer those calls. t
version of events and then decide what to do about it. but i ll tell you a little secret. i did not get into journalism for noble reasons. i got into it because i thought it would be fun. i love to find out things before other people know about it, and i love to talk to interesting people. and journalism seemed the place to do that. well, i want to tell you, when i went out to san diego the other day and talked to gary west, i talked to one of the most remarkable people i have ever met. think about this. here s a guy with his wife, and she was a major part of this whole thing, who basically in their home back when people used to advertise on television and you were told to call a 1-800 number to order your product, he figured out with mary how to answer those calls. they did it in long hand, writing it out on slips of paper. this was before computers. when computers came along, the business took off, and they, together, built this into a multibillion dollar corporation and bu
and welcome, everybody, to power lunch, which, indeed, does begin right now i m tyler mathisen stocks are in rally mode but sort of halfway. they re off their session highs. the dow had been up more than 300 points, gains today, though, for the major after averages industrials up 357 n57 now if they finish with gains, we haven t seen much of that in the month of october dow and s&p in positive territory for 2018 all 11 s&p 500 sectors are higher financials and real estate right there. within financials, fifth third they re fifth third. regents, bbt, those are your leaders. ishs ibm announced a deal to buy redhat redhat up 45% on that news netflix, amazon, alphabet, in the red losing their morning gains. netflix evaporated a gain of nearly 3%. melissa? and tyler, we are joined today by our good friend, michelle caruso-cabrera, now a cnbc contributor it s great to have you back here. always a pleasure to be here. welcome back to power lunch. she ll be here with us for