January 31. The fishing industry, which is something we have talked about before. Michel barnier was very outspoken yesterday about his disappointment. He sounded like a disapproving parent. Tom he sounded on the edge of being of american. Teachers at 14 right now. We have a wonderful guest futures that 14 right now. We have a wonderful guest. First, your first word news in new york city. The timing on this may raise some eyebrows. The cdc has told states that a Coronavirus Vaccine could be ready by november 1. That is just two days before the president ial election and it is an aggressive go about would depend on shots being tested and reviewed by then. President trumps political future hinges on the response to the virus, which has killed more than 185,000 americans. New polls show joe biden leading President Trump in three swing states that President Trump won 4 years ago. He has the edge in North Carolina, wisconsin, and arizona. She shows strength amongst women and suburban voters
Next for oil stocks kiging off in the red theres more than 750 cases 5 750,000, i beg your par doon well talk about that and more as we kick off this hour we kick it off with the markets in terms of Stocks Holding steady as energy is in a free fall. Its the story of the day. It will be the story of this hour lets get to bob with the set up for these markets. Bob. The important thing is we are well off of the lows. Industrials weak Consumer Staples are weak. Were not getting any bounce at all from those defensive plays that done so well for us in the last several weeks like proctor, cocacola. Not much energy there today. One good piece of news, the banks after a rather rough week, the etf bouncing about 6 from its high to low. The key regional banks are trading up most of them were trading to the down side. Finally, just on oil, had a lot of inquiries about uso and all these oil efts want to remind every one they own oil futures. Either the front month in the case of uso they tend to ro
The United States mexico canada trade agreement. Trumps comments pouring cold water on the market. The dow is off its high of 257 points to the upside. Its now trading to the upside by 215. Now the broader market, the s p 500 did hit an alltime intraday record high at the beginning of the session. Now its about 50 points from that, at 2949, a gain of 23 points. Nasdaq above 8,000, up 48 points. Oil, huge story today. Surging on worries about the situation in the gulf. We have seen the biggest percent gain of the year. The u. S. Chamber of commerce looking at Economic Optimism on main street. We are live in beijing, china exploring the challenge of china and charlie breaks it on the potential boost that the tmobile sprint deal might be getting. We are less than an hour to the closing bell. Im Lauren Simonetti in for liz claman. Lets start the countdown. Lauren breaking news. Walmart agreeing to pay 282 million to settle a bribery investigation. The department of justice and the securiti
Welcome to power lunch. Im michelle carusocabrera. Melissa said strong rally to end the week, the dow, s p 500, nasdaq, russell 2000, dow transports all hitting record intraday highs look at the Dow Jones Industrial average, dow 25,000 is so last week were 250 points away from dow 26,000 second straight week of gains, check out soft om movers within the averages amd downer today taking a hit. The company says its chips are susceptible to the specter security flaw. Its off 1. 5 . That flaw lets hackers steel sensitive information. Gamestop tanking about 10 retailer posting strong holiday sales, however, they took a big charge on iphone x related problems first ipo of the year, first energy ipo of the year Liberty Oil Field Services Soaring about 30 on its debut today. The ceos going to join us in just a few minutes tyler. Michelle, thank you very much welcome everybody. Im Tyler Mathisen lets tell you what else is happening at this hour the National Retail federation says holiday sales
Schumer calling it, quote, an agreement that is very good for the american people, and a, quote, genuine breakthrough. Mcconnell and schumer coming together, putting together this deal, which by the way, pours money into the military and into domestic programs like opioid addiction and support, but wait till you hear whats not even mentioned. It is possible the markets are back to business as usual after three sessions of intense gyrations, stomach churning falls and dramatic climbs . The s p is calm as a cucumber, nasdaq down 41. We here at the claman countdown, its not over. Today has endured a 500 point pluspoint swing. You cant say all quiet on the western front. There is zero guarantee at the moment. As we thought things are settling down, we start swinging like a pendulum. Whats going on . We point to this. With the dow up 94. Volatility woke up from month long hibernation last friday when Rising Interest Rates sounded the alarm and the dow plummeted 665 friday. Down 1175 monday,