Nasdaq losing. 12 there are all sorts of reasons why a stock might rally. From president elect bidens 1. 9 trillion stimulus plan announced this afternoon to fed chief jay powells encouraging words about the need to keep money easy the fed wont take its foot off the gas pedal anytime soon there are Companies Like delta this morning on squawk box finally started talking about the huge boost theyll get as people get vaccinated. And then there are shortages which are rapidly becoming my major focus. Of course we have a shortage of vaccines and people to distribute them. Thats bad for everyone. Were going to talk about that later tonight. But i want to talk about some very important shortages that are actually going on in the market that you probably dont know about last night Taiwan Semiconductor the gigantic chip manufacturer report aid stunning quarter. Taiwan semi boosted its Capital Equipment budget by 50 . Thats a bonanza for Companies Like lamb researcha plied materials that make th
Potential changes or at least activist campaign at intel third point calling the chipmaker to explore Strategic Alternatives then, green light for astrazeneca and oxfords covid19 vaccine in the uk the country deals with another surge of cases and new variant of the coronavirus and finally, futures pointing to a higher open this morning as david mentioned, the dow, the s p and nasdaq closed lower for the first time in several sessions yesterday and lets start there, of course, with those markets as mike just mentioned, futures indicating stocks near record highs in todays session as we do count down the end of 2020. Thankfully i think most people would say, mike, at this point, but we rely on you to sort of give us the highs and the lows there have been plenty of highs as we end the year here when it comes to the markets perhaps unexpectedly given where we were some seven, eight months ago. Yeah, almost completely unexpectedly, i guess, by most observers. What is interesting about exist
Plus, weve got that covid c conundrum. More than a million americans passing through airports this holiday weekend. Finally, as you heard mike novag novagratz and tesla half a million deliveries and stock up over 700 and seems, jim, ready to start another year strongly getting back to starting strongly and lets talk about your comment on the market his last comment there, as long as the fed stays where it is, one would imagine the speculative runs will continue in that case he was talking about tesla and to a lesser extent, bitcoin. That has become the consensus view nothing wrong with the consensus view at the beginning of the year there are issues that are very much at stake here if the senate goes democratic, which is certainly a possibility, then i think we would have to rethink about how we feel about the, mat, david. Obviously, i think that puts tax issues right front and center. Should have taken some sales last year. Also, david, i think that putting everything on the fed, once
Gamers on the go and a mini version of his home pod smart speakers. We are about to get you all the details, the prices and what will no longer be in the box when your new iphone order arrives . This as gadget lovers may just be bringing christmas early to amazons bottom line. Prime day in full swing at this hour. Our power panel unpacks it all in just a few minutes for you. You got to hear what they have to say about both apple and amazon. And despite titillating tech news, look on your screen. We do have a selloff. Stocks are buckling under the weight of perhaps bad news on the Covid Vaccine front. Positive earnings news unable to save the Johnson Johnson stock after the Pharma Company announced last night its been forced to pause its vaccine study. But which marketmoving force will win out in the long term . Earnings or the vaccine headlines . Our floor show traders are about to place their bets. Plus, the electric vehicle spac tidal wave just getting even bigger. We take you inside
Treasury secretary triggered more fear than any episode of stranger things. Look at the nasdaq, taking the most outsized hit right now, down 89 points or. 75 . The dow is lower by 142, s p down 20. Our floor show traders are mobilizing right now in front of their cameras to root out the markets hidden Pricing Power players. They will tell you how theyre doing that right now. Just 24 hours after that apple event cameo, verizons ceo is here on the 5g future hes promising apple iphone 12 buyers. What 5g really means to you and me right now and what will it take to get those ultrafast speeds into areas still operating in some cases way back on 3g . Hans vestberg with us in just a few minutes. The Telecom Giant joins us. And spac to the future. A new spac ready to clean up in more ways than one. Former nrg ceo david crane taking his Clean Energy Investment to the public markets. What will it take for him to open up his blank checkbook . We will ask him in a first on fox business interview.