Not showing any signs of slowing down as daryn mentioned new york is the hot bed right now we have John Lawrence with the very latest. The covid 19 pandemic is growing exponentially we see cases doubling every 3 to 4 days for 4 consecutive days this week the us had its deadliest day of reported deaths due to the virus mrs. They 5 of corn teen in day 5 of widow, good for me. And then were clicking off one day at a time and now the United States is the epicenter of the disease with the most cases in the world youve got to hunker down nail down mitigate mitigate mitigate. Get the people taken care of thats what you got to concentrate on you have to go with the data vaccine trials are underway and the shutdowns and restrictions across the country remain in place to slow the spread of the disease. But no state has seen a decrease in cases which means the us probably has yet to hit the peak. I want to be clear the worst days are still ahead despite the uncertainty of what lies ahead the medi
Losses in tech. The s p is looking at the best year, potentially here in two decades. Deirdre bolton kicks us off. She is at the New York Stock Exchange whether thedre . Thats a great question, blake. You mentioned the s p 500 is on track to havehe year since 1997. Todays red on screens doone foe year. The groups putting most pressure on the markets right now are ones that outperformed last week. Really sent stocks to all new highs for the christmas rally. They include info tech, consumer discretionary, also communication stocks. Youre seeing that pattern as individual stocks too. Some of the biggest winners of the year are lower today. Here are some top three weve been following. Apple, microsoft, visa. They are all stand out stocks for 2019. Apple, we have to highlight. It is the best performing stock on the dow for the year. It is up 82 . The gains pushed companys market cap back above the 1 trilliondollar mark. Analysts talking a lot about wearables. They are beating forecasts. By
They see an increase in the price of steel thanks to tariffs , so conagra is not doing well today. Down 2. 1 . There is a takeover attempt. It is being bought primarily for some of its features. Guy . Guy g20 leaders meeting in osaka this weekend. We seen the chinese president arrive in the u. S. President arrive. Investors watching for the outcome of the bilateral discussion between these two gentlemen, in particular whether or not we are going to make progress when it comes to the trade war. We are joined now by Neil Ferguson, senior fellow at the hoover institution. Good afternoon. What is your expectation for what is going to come out of this meeting . Neil i dont think a great deal is going to come out of it because i dont really see that either of the two leaders, trump and xi, have a strong incentive to make concessions. Trump i think senses that the chinese are on the back foot, that he has the upper hand here. Hes playing them, as he loves to do, by saying on one hand he is in
Looking at the worst week in two years with all of the averages well see what happens today its been interesting to watch volatility to see whats going on meantime, lets take a look at whats happened overnight in asia the nikkei was closed for a national foundational day holiday in japan the hang sentence down over 0. 1 shanghai composite and stocks in south korea higher with the kospi at 1 . In early trading in europe, you can see things are in positive territory as well. Big gains. Gains of 1 or better across the board. In fact, the dax is up by 1. 9 right now. Then if you take a look at treasury yields, this is a big story. What kind of inflation do we see. The tenyear is yielding 2. 88 this week, were going to be getting inflation data cpi on wednesday and thats something that else to see if inflation is really out there. A couple big stories were watching before we get back to the markets. Vice president mike pence said the u. S. Is open to talks with north korea but will continue
And good chemistry. [ cheers ] and a teacher on a mission to ignite a love of science. Also tonight, the wild chase that captivated the web. This is nbc nightly news with lester holt. Good evening, and thank you for being here tonight. For a second day, President Trump ventured into the solemn territory of military service and sacrifice, raising more questions about whether his predecessor properly honored the families of fallen warriors. Mr. Trump invoking the combat death of the son of his own chief of staff, general john kelly, during a radio interview while appearing to try and oneup Barack Obamas actions as commander in chief. Nbcs Peter Alexander has details. Reporter tonight as the body of one of the american soldiers killed this month returns home to florida and the white house confirms President Trump spoke to all four families of the fallen, the president s taking another swing at barack obama on the gravest of president ial obligations. I think ive called every family of som