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
The nasdaq is the leading indices and oil hitting a threemonth highly after military strikes in the middle east energy is the bestperforming sector today joining us for the hour is josh brown, ceo of Ritholtz Wealth Management josh, obviously seeing a little profit taking here is this a tax situation scenario or is there more to read into about losing steam and sentiment . If you see profit taking on the what penultimate the penultimate is that not an american word as well . It is, we just dont use it as much. And it doesnt sound as good when i say it. It doesnt, sorry when youre seeing profit taking on the second to last day of the year, thats not tax related, but it could be front running what others suspect might be fax related, meaning look at a typical investment portfolio this year, if they own sector etfs, for example, they have a ton of Technology Large cap tech has done unbelievably well this year. Or if they own individual names. If you own apple, youre up almost double. Now
Lyft issued a statement saying they are prepared to take this fight to the ballot box. Reporter being called independent contractors or employees . On wednesday california lawmakers passed ab5 that would reclassify contract workersars employees. She workers as employees. It was better than the super bowl for me. Very exciting to watch it. Reporter if it is signed into law it would mean drivers would qualify for standard ememployment employment benefits. A shift for the state and the nation. From minimum wage to paid sick leave, workers compensation. What california has done is going to be looked at elsewhere. Looked at by other states, new york is talking about doing similar action. Reporter uber said that uber will continue with business as usual. Drivers will not automatically be reclassified as employees even after january of next year. Reporter there will likely be Court Battles over a criteria in the bill. The independent contractor cannot be performing the same services thereat t
New information tonight. Authorities say they found a note inside the suspects rented truck ton night we have team coverage. Chris oconnell starts us off as details continue to break hours after the carnage life now in our operations center. Chris, that note confirmed the man pledged his allegiance to isis. Reporter that is right, lucy. Police now are looking at the man they say mowed down more than a dozen pedestrians in the middle of the afternoon in what they say now is the deadliest terrorist attack since 9 11. Tonight, investigators pouring over the rented home depot pickup truck in Lower Manhattan. The truck that mowed down dozens of bikers and pedestrians on a chaotic halloween afternoon on one of the most popular bike trails in the country. She just kept screaming and, it was reporter tonight at least eight are dead an dozen injured. The Associated Press has identified the driver as 29yearold Sayfullo Saipov of florida. This was an act of terror. And a particularly cowardly act
Pardon, me 48. 38, and now trading at 48. 64, a lot of the reason that we are negative today is because of the news that opec failed to implement a production ceiling, and concerns out there that there is too much supply in the market, and reasons that crude oil is supported at this point, but that is the main reason to be seeing a e lower session today. Normally the inventory number of iraq would have an impact here. Carl, back to you. Thank you, jackie deangelis. Good thursday morn, and we are live in the code conference in ran chose pal low ver ranchos pal low verde, and joining us is kara swisher, and walt mossberg, and take a bow right now, because it is an amazing conference. And first, elon musk making a ton of headlines, and this is what he said about the rumored plans to get into the car business. I think that they should have worked on the project sooner actually that, but i dont know i dont know, that they dont share with me the details of the production plans. I dont think