S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive
Bigfs, Mark Zuckerberg and dabbing jurorsy faced over scrutiny over censorships. The very latest coming up. Has dabbing is up 40 and s p higher by 8 and 3 quarters. Retail once again in focus this morning with lowes, target and tjmaxx reporting. Its a tough day. The s p down 17. Carlos goshns legal battle, i spoke with one man who helped the former nissan chairman escape from jail as he faces 90 milliondollar civil suit in japan. You will hear from him himself, carlos goshn will join me next hour with his side of the story as the man who helped carlos goshn, Michael Taylor possibly get extradited to japan. We will talk about it. Dolly parton gets it done. Maintaining Public Health all while making return to playboy, its making a buzz this morning, mornings with maria live right now. Maria lets check european markets this morning. Mixed story. Ftse 100 down 9 points, cac up 5 and dax higher by 25. Japans daily covid number case reportedly reaching 2,000 for the first time causing the ca
You can see the dow is reacting. The nasdaq has turned positive by. 1 or 12 points and we are entering, of course, the most crucial month for the retailers. Many stores still shut down but the stocks are rallying, especially Department Stores, as you see right there. Look at the macys, and nordstroms. Once again, power lunch starts right now. Thank you, tyler im kelly evans. We begin with the markets this hour the dow was up 11 in november that would be a good year. It would certainly make it the best month for the index since 1987 up 25 today. Dom chu has more on the action its a catchup trade for the dow. It has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s p 500 as well. Remember, the green lighne, the nasdaq far outperforming other indices. Now the dow trying to play a little bit of catch up here. A good month for the dow shaping up well see if it holds as we head towards december another big thing to watch is whats happening
Because the s p 500 is down a little bit more than it had been , down poured 4 . Earlier it had been down. 1 . Perhaps a reason for caution overall to think maybe the difficulties around the nearterm may continue to move ahead. If we look at havens on the week, we have the yen climate against the dollar and bonds higher. Some reason for caution, but small moves. David one piece of news overnight. Late yesterday we heard Steven Mnuchin had sent a letter to his friend jay powell saying please give us back the money we gave you for the emergency Lending Programs. He probably did not like jay powell do not like that much. Did the markets like that . Abigail we have not seen much of reaction. Bonds are lower which means yields are higher. What is interesting is we do have a reaction for the financials. The financials typically would climb on yields going higher, but they are not. There i be uncertainty around this bat and what it means. The lifeblood of this rally coming out of the march lo
The nasdaq holds in the green up by a quarter of 1 for the week and all week long stimulus uncertainty has been hanging over this market and on that point the president elect joe biden is meeting this afternoon, nancy pelosi and Chuck Schumer, we will have more on that in the other meeting that were going to watch very closely this hour, President Trump has invited a group of state legislators from michigan into the white house. I am connell mcshane, welcomed after the bell we have a lot going on in his time to get straight to the news happening at this hour. Lauren simonetti, blake burman and Hillary Bonner standing by to cover the news, we start with you lauren on the latest figures on the virus, what are we seeing . Their moving in the wrong direction, the grid numbers coast to coast, new u. S. Pieces topping 100,000 for 17 days in a row and over the past week the u. S. Is averaging 166,000, new cases a day, this is happening right before the holidays with families gathered together