Tesla getting set to take off. And tesla is up 9 today. Were going to take a look at the growing musk empire. And booming sales at walmart and home depot but the stocks not getting that same boost today. Power lunch starts right now welcome once again to power lunch, im john fort boy, its hard to swim up stream in the amazon. Cvs, wall green, right aid and dorsey and zuckerberg and ceos testify in front of the senate one bright spot in the s p 500, cruise stocks as norwegian is near the high of the session for more on the market action, lets get to bob pisani. Hello, john its sort of a choppy, indeterminate day. The market cant quite decide what it wants to do today. Weve had a great run in bank and material stocks. The cyclical names have done really well recently those are on the weak side today. Tech is kind of flattish overall today here and then we had Energy Stocks and reits. So energy has been holding up very well today and so has Real Estate Investment trusts on top of that. Te
Sweet farmers their start harvesting crops with wheat exports forecast to almost double this year. But have to do business on one of the giants and burn em good to have you with us and were starting with china manufacturing there continued to recover in october as a key purchasing Managers Index reached the highest level since january 2011 the sides seem private the follow to official p. M. I. Figures over the weekend which also showed faster recovery in the worlds 2nd biggest economy the pandemic appears largely under control in China Business operations improved as did the mood among entrepreneurs that export growth is slowing us code 19 resurfaces in other countries. Well for more on those chinese data im joined now by our financial correspondent in frankfurt cama good to see you. Well obviously today germany starts its 2nd aloft down how did china manage to to keep the economy open. O. Monaco with strict top down management off the outbreaks as soon as an outbreak happens in china
All that and so much on making money. Charles obviously it was a tough week last week for the stock market but by the time the dust settled the year had become even more screwed as it was. Only 193 stocks in the s p were higher for the year. There were actually more losers on the nasdaq than there were more winners. I have no problem with the hit megagrowth stocks hit. Theyre still under pressure. I expect the trillion dollar stocks to be okay in the long run. But for the rest of the market, there were signs late friday that foreshadowed todays rebound. S p 500 held at a key support level. There was huge buying volume into the close on friday. The 10year yield marching higher. All the issues bothering the market are still unresolved and major indices must close higher to reverse the downtrend. In fact i think the s p 500 has to get above 3400 before you see buying go big time . Where does the market go from here, more importantly where should you be positioned . I want to ask Money Map
Impeachment proceedings because trump held up missiles that were meant for ukraine missiles that even obama had refused to send in the House Democrats could have been peach trump for enriching himself for the presidency they are a David Foster Wallace blank list of war crimes or a variety of ways hes in danger the American People or for having offspring with the mental capacity of lawn furniture but the democrats wont do that they wont impeach of or something legitimate because they either support all those things or theyre complicit they love a war crime thats me thats their passion and they listed under likes on tinder they own war crimes t. Shirts and theyve seen them live in concert like 19 times number 8 if joe biden loses blame kaamelott harris to not number one on this list but she should be on this list if biden had picked an actual progressive someone who stands for helping people then it would have gone a long way towards exciting voters instead he picked a prosecutor who hel
White house and pelosi ibm reported after the close yesterday. Another hopeful update on the vaccine front. Modernas ceo telling the wheat journal his companys account to get emergency use authorization next month. 59 minutes left of trading up just shy of 1 on the s p 500. Coming up todays show, a nearby chopra weighs in on todays google antitrust suit from the department of trust we will ask him whether the government has a strong case against the company. Plus earnings. Netflix, texas instrument, Interactive Brokers and snap all gearing up the report results this afternoon we will bring you all the numbers as soon as they hitting with analysis. We will talk with Interactive Brokers chairman thomas petersfy. Mike santoli is tracking the market action. Ylan moi with the justice diplomats antitrust lawsuit against dealing. And we will constitutes the stimulus negotiations before the deadline to get it done before the election. Mike, start us off on the market a partialal recovery from