Of play for stocks as we build into our discussion. Youve got dr. Birx on the task force. The covid surge, quote, the worst event the country will face coming this winter. Stocks have run a lot coming into november. The vaccine is getting closer day by day values been outperforming lately the value etf coming off its fifth positive week in a row thats the First Time Since its fiveweek stretch ending the end of december of 2019. So my question to you to start things off, where do we go from here it seems like the market wants to go higher i think its been incredible all year it seems to definitely be picking up steam in november and pt fir the first part of december, investors are leap frogging, the political discord in washington, the lack of fiscal stimulus and leap frogging that and buying stocks in general and buying growth stocks, buying momentum stocks, buying value stocks, airline, energy, all of the above. It a really good time to reflect as investors, you got to be in it to win
Airbnb expected to go public this week. Analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. Well explaint iwhy ase xdp lunch starts right now. Thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now. Teq apple is one of fthem the dow industrialso so far today as well as theee nasdaqe pos t composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5 and 13 gains over here for the Overall Index for the russell 2000 look at other parts of the market were also watching as well look at the semiconductor. Dze cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. Billion, would make it close to around the sixth biggest stock in the s p when it eventually goes in. That happens before the open of business on december 21ste1. And perhaps Short Co
Isolating after coming into contact with lawmakers are tested positive for coronavirus. Good morning and welcome to bloomberg surveillance. This is a picture of the markets. A lot of the focus is on a number of infected. A lot of the focus is on the policymakers can do Going Forward. Onot of the focus will be some of the things we saw for example following asian shares. Buoyed by positive sentiment on trade. In thanar is falling the other thing im looking at is oil pushing higher. Treasuries edging up. The focus is on the sustainability of the economic recovery. Hoping for are also news on more vaccines coming up that could be positive after what we heard from pfizer. Now lets get straight to bloomberg first word news in london. Trump is still refusing to concede the election. The president tweeted the joe biden one because the election was rigged to. A claim flagged by twitter. Commentswalked back to saying i can see nothing. We have a long way to go. The u. K. Prime minister Boris Jo
Caroline when it comes to markets, longterm optimism is winning out over shortterm fear. The seven day average in new covid cases, the u. S. Is claiming in every state. California governor kevin newsom says he is pulling the emergency brake. The dow at a record high, closing just shy of 30,000. S p 500 index at a record high. Rotation caps, we have into value and cyclical sectors. Right here, right now, companies are facing the covid reality. Luckily, the race is on free vaccine. Joe last monday it was pfizer. This monday, moderna expected. In itsefficacy preliminary analysis. They are also touting the ease of the logistics. Refrigerated temperature for 30 days. Vaccine has to be very cold. Shares rising more than 9 today. The good news is that light at the end of the tunnel continues to pile up. It means we have certain stocks on a complete tear. Carnival cruise. The reopening trade is back on. Airlines, boeing outperforming. Pfizer on the downside. Trade,yathome something that has do
Falling back boeing is providing an advance for the dow inlyft customers cancelling orders this year in light of the pandemic. It is up 5 as we speak, 59 minutes left on this session coming up, kyle bass will be with us to talk about the Election Results and how president elect biden will navigate americas complicated relationship with china. Plus an interview you will not want to miss we will hear from carlos ghosn whose scrape from japan to lebanon Drew International attention. We will hear his side of the story,i his thoughts on what will happen to his former colleague and the men who helped him pull off his escape. Lets get straight to thesters we are watching mike santoli tracking the Market Action josh lip ton with the highlights from todays afternoon apple evenly joining us to talk about apple and the broader tech selloff is dan ives mike santoli tell bus the trend. Into value out of growth, into small out of large, and really out of defensive into cyclical thats been the team t