That is surging thanks to all things robotic power lunch starts right now welcome to power lunch. You can see stocks are higher right now. The dow is trying to avoid its third loss in four sessions. The s p 500 will be up for a third time if it can finish the green. Right now, its higher by five points not just best buy thats taking a beating, other retail names also getting hit dicks sporting goods, kohls, nordstrom, all off between 3 and 6 heres what else is happening at this hour tesla firing back at reports that sales in hong kong came to a halt this after a tax break for electric cars was slashed. Tesla says its business does not rely on Government Policies and the Hong Kong Government will continue to be strong. But for all you traditional car drivers, the average gallon of gas down to 2. 31. All you people in South Carolina can smile. You had the lowest average cost in america at 1. 93. More people are hitting the skies, as well Southwest Airlines says passenger traffic grows mo
Estimates. Road map begins with eli lily abandoning an important Alzheimer Drug, stocks down more than 13 in the premarket. Well have an exclusive interview with meg whitman, corporate americas relationship with president elect trump on the agenda. And the countdown to black friday and a cheerier Holiday Outlook for retailers. The winners straight ahead. First though to some news this morning on the continued search in the transition for the next treasury secretary of the United States. That list does appear to be shrinking. We can tell you this morning that jon gray, the man who runs the real estate business at blackstone, one of the more senior members of course of that firm, is no longer being considered for treasury. It had been reported earlier this week after meetings over the weekend that mr. Gray along with of course Steve Mnuchin who was the Campaign Finance manager for the Trump Campaign were perhaps two of the few candidates left for that post. But this morning i can tell yo
Also today, the one thing to watch. One thing and one thing only in biotech that will likely move this very interesting sector. Sue is out for a few days. Sara eisen joins me from the new york stock exchange. Hey, always good top with you, tyler, technology on a tear. Energy stocks are in second, utilities in thing. Intel, sandisk, and broadcom all up. Tech arguably the most important component. Thats more than finances. Dominic chu has hunt fog value here to name some names. Here as the case. The overall s p secondo trades at about 18 times trailing earnings, so we looked at the s p 500 tech sector and found some stocks notable ones that trade at a discount to that level. You request see here, will Communications Equipment show byrne spending patterns, or could they be due for a bit of a pullback in first solar, believe it or not a solar trade, translate into a 15 up side for this stock so far this year, and solar always one of those sectors to focus on when it comes to more volatilit
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