With a new show on cnbc, highlighting Small Businesses and the people behind them across the country power lunch starts right now welcome to power lunch. Im john fortt take a look at whats driving the Market Health care stocks the biggest laggards while industrials and financials lead the way. Check out the bank names all higher tesla, the big winner. At the highs of the session, helping to turn the nasdaq almost positive, close to break even midday. Morgan stanley final upgrading the stock to a buy after a 500 gain this year lets get to bob pisani for more on these markets bob, you got me . Maybe not. Kelly, do you see what is happening with these markets i mean, were showing the sector snapshot here. Weve got s p retail is higher ahead of a Holiday Season we expect to be really strong for ecommerce and weve seen strong results this week from walmart and target yes, we do. By the way, i want to point out well, i want to point out that the dow turned negative only in the past hour or s
That sounds like the Perfect Question for professor khouw welcome youre not alone as individual investor interest grows, so too is the Options Marketplace. Professor mike khouw explains how that could benefit everyone with more diverse product, well, options. Its time to risk less and make more options action starts right now. And lets get right to it. A slew of retailers on deck to report Quarterly Results next week including walmart, target and kohls despite todays big pop in Monthly Sales data, our chart master says the recent retail wreckage isnt quite over yet. So, carter, what are you seeing in the charts . We did get data, as you mentioned. Retail sales today reported that the total value are now higher than covid thats in a way bullish. But the stocks reflect it in aggregate. Lets look a few charts the first is a comparative chart. Youre looking at xrt, thats the equal weight retail etf. Its 88 stocks, its 3 trillion versus the s p one compare. What we know is this index is dou
Welcome youre not alone as individual investor interest grows, so too is the Options Marketplace. Professor mike khouw explains how that could benefit everyone with more diverse product, well, options. Its time to risk less and make more options action starts right now. Lets get right to it. A slew of retailers on deck to report Quarterly Results next week despite todays big pop in Monthly Sales data, our chart master says the recent retail wreckage isnt quite over yet. Carter, what are you seeing in the charts we did get data, as you mentioned. Retail sales today reported that the total value are now higher than covid thats in a way bullish. But the stocks reflect it in aggregate. The first is a comparative chart. Youre looking at xrt, thats the equal weight retail etf. Its 88 stocks, its 3 trillion versus the s p what we know is this index is double the performance of the s p, up 36 versus the s p up 18 so the question is how much is priced in . Second chart, this is a two panel char
Included 75 previously announced, so the likes of avolon, for example. The stock is down about 0. 3 . We had been anticipate and we would get those numbers today. Once again, boeing lost orders aircraftf its 737 max last month as air travel plunged amid the coronavirus panda make, and of course coronavirus pandemic, and of course, lessors and the like all canceling. Elsewhere we are rallying here for the s p 500. Theres just one sector in the s p 500 lower, and that is banks. We will get to the conversation on their earnings in just a few minutes. Jp morgan and wells fargo out today. Crude oil down on was 5 again. It cant catch a break these days. The 10 year yield at 74 basis points. Guy lets talk a bit about what is happening here in europe and around the world, equity markets and the virus story. We are starting to see maybe some indications that we are seeing a plateau in the number of cases in countries across europe. We are also starting to see some countries reopen their economi
Earnings. We will speak in the 1 00 hour with the citizens ceo, so make sure everyone tunes and for that. Boeing up as well after its factory will get up and running again. Then theres a few more regional banks doing ever so well. Gilead had been one of the top performers, up 8 . But Morgan Stanley and a couple the 15 houses saying billion Additional Market cap may be just a little exaggerated. We dont know anything about the drug trials yet. Not enough, anyway, but it does look promising for covid19 patients. That is the story and the stock market. The 10 year yield at 60 basis points. New york crude continues to plummet, down at 18. 40 a barrel. The dollar continuing to rise broadly, although we are soft on the day. There you have the u. S. Data check. Guy it is interesting, that gilead study. Very small at the moment. It will be interesting to see what happens in phase three. Lets get more with what is happening in markets and the economy. Joining us over the phone is Chris Watling