Google all on tap. All that and much more is coming up this hour power lunch starts right now kelly, thanks im scott wapner welcome to power lunch our reporters are all over every ae angle that matters as you know, today the busiest day of earning season. Meg tirel is watching the race for a vaccine as coronavirus cases continue to climb. And Steve Liesman has the details of a muchexpected gdt report hey, bob before we get to earnings, were having a nicely midday rally here let me show you the s p. Some technical aspects we broke above the earlier highs in the day. People do trade on technical calls on in kind of market you see that nice, quick, steady move up here there may be seasonal aspects coming into play, art cashin noting were moving into november, a seasonably strong period of the year for earnings, the early reports have just been spectacular here, generally half of the s p reporting now, 85 beating expectations and the key story is the average beat about 19 , way above the h
Should be proved differently are just like them sometimes to say actually they could have done better but you know just where they have got it right. Delays the easing of covert restrictions citing a growth in the u. K. Says a study in the country finds that most people are puzzled by the locked down world. The mystic has been incredibly using we dont know what to feel what it. Is too long to leave you just a few to choose a. Good evening from moscow a very warm welcome from me on the whole team here at all the ts h. Q. Clouds you could join us at this hour while lets get stuck in the wilds Health Organization is now warning the coronavirus isnt seasonal like the flu but instead is happy. As one big wave comes after the lock downs were eased needing to another spike in covert a victims friday saw the biggest ever daily increase in corona virus cases reaching almost 300000 across the globe the w. H. O. Told us now is not the time to relax the transmission is still there so the concern w
Think differently i just want them sometimes to say actually they could have done better maybe apologize where they have got it wrong andin delays the easing of covert restriction rules the mystic has been incredibly using we dont know what it would be. To get used to long to be used until you just to deceive. Us cattail im glad you could join me this hour as we take a look at some of the headlines. Today well lets start off with this one the World Health Organization is now warning the coronavirus isnt seasonal like the flu but instead its happening as one big wave it comes off to rock towns what meeting to an out the spike and covert victims friday solve the biggest of a day increase in. Virus cases reaching almost 300000 across the globe the w. H. O. Told us now is not the time to relax the transmission is still there so the concern was people saw you know lockdowns over that it was somehow go away they had this idea that it might come back later in the year but they had this seemed
Trying to bounce back after all of the major indices in the green. The dow struggling most of all just popped into positive territory moments ago. The s p trying to stay above morgan thats right i will note that were on pace for gains for the week including the nasdaq that is currently poised for a 4. 8 gain they pointed out this morning that the Broader Market it means this critical juncture right now and that given the big swings in both directions that we have seen in the s p and the Broader Market in the past two weeks leaves us right at the same level that we were at two weeks ago. There istechnical levels to keep an eye on early june highs, whether or not we break above that or on the flip side, the 200 day moving average, but i think the bottom line is that there continues to be a lot of uncertainty and a lot of headlines driving Investor Sentiment right now in terms of the marks, the tech piece of the markets, the nasdaq continuing a fourday win streak right now. Joining us is
Things. We dare to ask. This is boom bust the one business show you cant afford to miss. In washington coming up oil prices dropped more than 2 percent on wednesday the 1st time in 5 sessions well explain what this means for the future of the already and the Energy Sector plus the u. S. Should now be considering working with wall way to standard all this after is a long time or i get to talk. To you today so lets go and dive right in. Numbers for the Global Pandemic now show more than 3700000 people are infected with a chronic virus more than 260000 deaths have been recorded will be u. S. Has more than 1200000 cases and at least 43 states actually plan to open completely or partially reopen their economies by this weekend this while president appeared to reverse course when he tweeted earlier ones day that the White House Task force welcome to. New and definitely with its focus on safety and opening up our country again he also reiterated that earlier during a briefing well tensions be