Tech stocks underperforming today, pulling back more of mondays gains or giving up mondays gains, i should say, still on pace for a positive week 59 minutes left of the session, exactly down. 5 , sarah. Weve got a big lineup coming your way National Economic Council Director larry kudlow will join us to talk about the stimulus negotiations and any Economic Impact there. John shrewsberry of wells fargo will be with us and well talk to David Malpass and the race to fund Vaccine Development around the world. First off, though, lets get straight to the big stories were watching mike santoli is watching the market pullback. Rick santelli has the bond report but lets start with mike santoli. Big tech and momentum growth that have been running pretty hotly. This modest payback mode for the prior few weeks. Lows for today were right exactly where the s p closed on friday essentially made this roundtrip a couple of times, trying to bounce off of them yes, if you look at energy, look at pure val
Welcome to a special salute the Service Veterans day of mad money. I am trying to make you money. My job is not just to entertain you but to educate and teach you. Call me at 1800743cnbc or tweet me jim cramer the old normal has died. The new normal has born. Now is time for nuance the dow gained 263 points. I think we have gotten into the point where gross and values which people throw around all the day. Covid is exploding but a vaccine is on the way along with a new president. You need to be prudent and rigorous than that you buy the cyclical so you buy the software i mean there is some powerful, simplestic concept here. So why dont we start with the vaccine because it is on somebodys mind. Yesterday news from pfizer put it all together and yes, we can finally see the light at the end of the tunnel. So what does it mean for the stock market well, if we get good news from other vaccine developers, johnson and johnsons and other companies, i think we will every time we got good news o
Dangerous winds there, even in the lower elevations, 37 in fairfield. Down to 20 in concord. 30 in napa. 22 in novato. 27 in San Francisco. Look at the peninsula, 25 to 31 whether youre in san mateo or sfo. A noisy night out there, there will be a lot of debris on the road, so drive around that and be careful. Our lower elevations, still in the red flag warning until 11 00. Higher elevations until 5 00 tomorrow afternoon. The winds will subside for most of us after 11 00, its so dry and the winds will below wind advisory criteria, but still fast enough to have that high fire danger. Reggie . That breaking news is in the east bay, high winds are now blowing. Youre looking at what happened in concord after a tree toppled bringing down power lines on Birchwood Court late last night. Contra costa county firefighters responded to similar calls reporting either fallen trees or downed power lines. This morning nearly 107,000 customers throughout the bay area are in the dark. Pg e shut off pow
2 , the nasdaq down about 1 3 4 that very much in focus because of those earnings that are looming. Joe teranova, you first. Youve got dr. Gottlieb saying the u. S. At a tipping point, youve got mark meadows at the white house saying were not going to control the pandemic. Is this mountain getting too steep to climb for the market . Well, without stimulus the answer to that unequivocally is yes. Rising virus cases need more stimulus there has been overs last couple of weeks a modest broadening out of the rally within the market, but its really been all about industries, scott, industrials, trading to an alltime high as a sector but why is that . Its on the belief there would be stimulus, consumer discretionary, examazon trading towards its highest levels why is that . Because theres monetary support in the form of stimulus. It just highlights how important stimulus is. You need this mosaic of coordination to respond to the virus and any incident of rising virus cases learned itself to
Broadcasting live from our studios in moscow this is our chief International Im sean thomas. Moral service has been held in paris on wednesday night to commemorate a murdered history teacher the french president addressed the ceremony declaring a silent hero and the face of the republic of the teacher was beheaded by a jihadi extremist last week after showing caricature of the Prophet Muhammad to his class. Reports now from the french capital. A solemn ceremony at the bone in paris on wednesday evening with about 400 people in attendance to pay tribute to the slain teacher samuel patty president paid his own tribute saying that some new party had now become the face of the French Republic the face for the fight for freedom. Or was murdered for the very reason the human body the values of the French Republic he was killed because islamists want to take our future and. They will not prevail said samuel was a victim of lies a Conspiracy Theory that the hatred of what we are on friday he b