Record close since february 12th. Right now, its above that at the moment. So we look to the s p 500. That should set its first record since september 2nd. Its 23rd record of the year. We have that moving higher right now pretty significantly. The nasdaq just a bit off the mark at the moment. From the Pfizer Vaccine developed in conjunction with German Company biontech and the stock basking in the halo effect from the blockbuster announcement to the mask makers and Rapid Testing stocks on the move. Weve got team fox business at the ready. Market mavens bill snead, jon core pe corpino and Tracy Maitland and Hillary Vaughn live in delaware, with the president elects plans Just Announced and how it might affect your money. The two matadors in charge of todays record bull rally, pfizer and its german partner biontech. Both stocks hitting 52weeks highs on the news that their covid19 vaccine candidate is more than as we said, 90 effective. Pfizer jumping 8. 33 at the moment. Biontech up 15 . The pharma giants say they will ask for emergency approval as soon as possible. Minute by minute, Lauren Simonetti has been monitoring both the breaking news and the stock moves on this very positive development. Lauren . First, how soon could we see distribution of this vaccine . Lauren the minute its approved. Within 24 hours. So operation warp speed, thats the government and the Companies Say they are ready and the third week of november, which literally is next week, pfizer could approve for the emergency use authorization from the fda so that would mean its safe. They have already demonstrated its effective. That could be a home run. The question is, can everybody, say everybody wanted this vaccine, all 300 million americans raising their hands, lets just say that happened, could it happen . The answer is no way. No chance in he double l for 2020. Only 50 million doses will be available worldwide. For 2021, yes. Thanks to a near 2 billion investment from the government, they will have about 100 million doses with the right to purchase 500 million more. Nonetheless, not everyones going to get it right away, liz. Liz lauren, multiple related sectors, we are watching these on the move. When joe biden outlined just a few hours ago how hes going to ramp up ppe production, of course, the mask makers and people who make the gloves, et cetera, we are talking about honeywell, henry schein distributes them, 3m distributes them, during his speech what was it, about three hours ago when he announced his covid transition group, we also cant avoid other biotechs and pharma names in the vaccine race. Where do they stand . Lauren we need more than just one. Thats the key here i want to point your attention towards two of them. The first would be moderna. This is the same messenger Rna Technology the Pfizer Vaccine uses. Pfizer and moderna are likely the first two out of the gate to be distributed. But Johnson Johnson has a oneshot vaccine and why thats important is when you have these two doses, you have to keep them at these very very very cold temperatures. You have to figure out how to distribute not one, but two shots while theyre kept cold. If you have a oneshot vaccine, obviously thats going to be a little bit faster. Were not putting all of our eggs in one basket here. Many different vaccines are looking promising at this point. Hopefully one comes before the end of the year. Liz yeah. Most are moving higher. Astrazeneca, the holdout, down about 1. 8 . Quickly, we are seeing a fascinating move i wanted our viewers to see. Palantir which recently went public, it is related to both the pandemic and the president ial race. The Big Data Company backed by trump supporter peter thiel, is tacking on 7. 33 , it marched about 40 higher last week alone. Barrons is predicting this company can do well under both President Trump and president elect biden, right . Lauren yeah, and half of its customers are the federal government. Thats where it gets half its revenue. It would be good for palantir if president elect joe biden wanted to do more testing and tracing. Also, potential deals with other governments like the uk to do the same thing. Just for perspective, this is a stock that opened direct listing, what, october 1st at 10. So its up about 15 now. Quite a bit. Yeah. Liz perfect. Lauren, great to see you. Thank you for that update on all that is really propping up this massive rally. We need to show you the relief rally propelling some of the names that were hardest hit by the pandemic. Look at the airlines. Take a look at jetblue. This was at its worst levels a 6 stock. Jetblue jumping 23 . Now at 15. 19 followed by united airlines, up 19 , american up 16 . Flip it to the cruise lines. Carnival dropped to 7. 80 during the grounding of cruise ships early on in the pandemic. Carnival spiking 36 at the moment. Its now 18. 74 followed by Royal Caribbean up 28 , norwegian up 26 . Then we got to look at the Movie Theaters, guys. They took a brutal gut punch after being forced to shutter for months. Amc entertainment, which at its worst point dropped to 1. 95, everything had to close up, it is jumping 62 to 4. 04 at the moment. Cinemark higher by 55 . Imax getting a nice bump of 21 at the moment. There is a caveat here. Hours ago we do know the head of the National Association of theater owners warned of a wave of bankruptcies and liquidations if congress does not act on a relief package. We have been waiting for that but lets spin it forward to our floor show. We are bringing in bill snead and jon corpina and scott bauer. We have a twomonth stretch between the election and inauguration and there are still question marks hovering, not the least is a defiant President TrumpWhose Campaign says he will continue to fight results. On a day like today, do you go allin or just dip a toe or stay away completely because we are at record highs for the dow and s p. Yeah. We think you have to avoid the popular tech stocks. Its the most intense concentration of capital other than the dotcom bubble since 1929. So the people that are barbelling, in our opinion, will get hit in the head by their barbell because we think both republicans and democrats recognize that it isnt healthy for too much of the success of the United States to go to a relatively small handful of people who basically had it in for President Trump and they all have exposed themselves in the aftermath. So we think that youve got to focus on some of the things you just talked about. You know, we like the oil companies. We like if joe biden restricts the drilling of oil, the price of oil will scream higher as people go back to driving more and flying more. So that is were looking at proven reserves. We want to buy the most proven reserves in the ground as possible and not pay too much attention to where you can poke holes because for awhile, you can make a ton of money off proven reserves. Liz yeah. Jon, you have seen many a rally but not this dramatic. These are few and far between, with the dow now up 1272 points. Give me a sense of any kind of feeling that you get, that spidey sense that maybe the markets a little ahead of its skis at the moment. Liz, we have been on tv together during most of those rallies so its good to be back on today. I think what we are seeing today was expected. Obviously not the timing of it. But the fact that a vaccination headline came out. We knew it would happen some point in the near future. The market was going to react this way. We are doing exactly what was expected. The next major catalyst is going to be the economic package that the government will put together, stimulus, for our economy. That too is going to move our markets higher. But we cant have such a big swing like we are seeing today without some ramifications to it. This market isnt going to stay up this high. We might get a 1 or 2 pullback which would be healthy. Need to see a little stability, then grow from there. As we have gotten the date of the election behind us and the results are in front of us, in our face now, i think there is some calming effect, the biden peace dividend we are getting into this market here thats allowing investors to understand and get a better idea of what the landscape is going to look moving forward. I think one area we have to keep focus on is tech. Bidens first hundred days of office, he is going to be faced with u. S. china relations, where that got left off with President Trump, and thats going to come to the forefront. We saw how much that Tech Industry was so volatile during those talks, one day they are on, one day theyre off. That area is something we got to what was that . Liz one thing we probably wont see with joe biden is sort of governing by tweet, where sometimes we get one, two, four different tweets in a single day kind of gyrating what people expected as far as policy. Scott, what looks cheap right now as so much moves higher in this broadbased rally . I think you have to take advantage of some of the name stocks, name stocks, that just got annihilated today. Two of them to the forefront. Peloton is one of them. Yes, its been a stayathome stock. It has been very expensive. That pullback we saw to 95 today, that is a buy area. It bounced off of there. If it trades there again, i want it. The numbers they came out with last week, phenomenal numbers. Whether its stayathome or not, thats a buy. For me also, im liz but its got a pe of 700. Im sorry to interrupt. Its got a pe of 700. How is that cheap . It absolutely does. They were ahead of the curve in terms of when they started profitability here, and listen, covids not going away, unfortunately, in the next six months. Probably not even in the next 12 months. In terms of getting back to where we need to be. Liz got you. Okay. Let me just get bill in here one last shot. What do you make of the pfizer news . You know and have said this is the pr story of the century for them. But you like two different names. You have talked about some of them. Im interested to know where you stand on this rally as a value investor. Yeah. Can i comment on peloton also . Every generation comes along at age 30, they are all just working out like crazy. In five to ten years, those peloton machines will be sitting in a garage and wont sell very well at the garage sale. Liz yeah. I dont know. Im a big peloton fan. All right. Great to have you. Thank you so much, guys. Again, right now, folks, we do need to just let you know that the Covid Vaccine is looking like the biggest gift under the markets tree. President elect biden wasting no time in putting out a pandemic blueprint, but the projected election winner also issuing a warning. We are going to take you live to delaware, where Hillary Vaughn has a bead on bidens latebreaking strategy. Closing bell ringing in 48 minutes. We have records for the dow, record for the nasdaq. The claman countdown is coming right back. Look limu someone out there needs help customizing their Car Insurance with liberty mutual, so they only pay for what they need. False alarm. Only pay for what you need. Liberty. Liberty. Liberty. Liberty. All otc pain relievers including volthave one thing in common none are proven stronger or more effective against pain than salonpas patch large theres surprising power in this patch salonpas dependable, powerful relief. Hisamitsu. 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Liz president elect joe biden appearing before the cameras earlier today to declare that as he assembles his covid task force, hes formulating a plan to ramp up testing and will make any viable vaccine available for free. Thats not all. We go to Hillary Vaughn in wilmington, delaware. Shes following the president elects first moves since being called the winner of the 2020 race. Hillary, if you read between the lines, theres an economic component within his earlier remarks. Reporter liz, there is, and hes not just promising to provide the vaccine free of charge but he also thinks the u. S. Government should be providing things like ppe and Safety Equipment free of charge to small businesses, schools and child care facilities to get them back open but while president elect joe biden is waiting to get into the white house, to deploy these resources, biden says the best things americans can do right now while they wait is wear a mask. The goal of mask wearing is not to make your life less comfortable. The goal is to get back to normal. As fast as possible. And masks are critical in doing that. It wont be forever. But thats how we will get our nation back, back up to speed economically. Reporter biden announced the members of his covid19 Advisory Council that he says will shape his approach to getting covid under control. Biden also says he will provide immediate ramping up of Rapid Testing, Contact Tracing and also increased made in the usa personal protective equipment to trigger a surge in supply but even though biden is celebrating the Promising Development with pfizers Covid Vaccine, he does not want people to get their hopes up, saying this is not a cureall, in a statement. Quote, it will be many more months before there is widespread vaccination in this country. This is why the head of the cdc warns this fall that for the foreseeable future, a mask remains a more potent weapon against the virus than a vaccine. Todays news does not change this urgent reality and liz, president elect joe biden has had gone back and forth on whether or not he would call for a National Mask mandate but we are also waiting to get more details on the National Standards that he promised to put in place as president , guidelines to get businesses back open, to get schools back open, but we are also waiting to find out not only how he would what those standards are but how those standards would be enforced. Liz . Liz yeah. That is one of the question marks. Hillary, thank you. I hope you guys saw mckesson up 6 . Its one of those companies that is going to be very much key to the distribution of a vaccine when we finally get it. All right. Covid seemingly unbreakable grip earlier this year on the world has helped clorox clean up since the start of the pandemic but pfizers vaccine revelations dirtying up the giant intraday. Its one of the biggest laggards, shares down 9 but still up 31 year to date. Clorox not the only pandemic winner taking hits at this hour. The royal court of stayathome stocks under attack at this hour. We are about to show you where those popular names stand right now. Closing bell, we are going to see that in about 40 minutes. The claman countdown is coming right back. Were related to them . Were portuguese . I thought we were hungarian. Can you tell me that story again . Behind every question is a story waiting to be discovered. This holiday, start the journey with a dna kit from ancestry. Some things are good to know. Like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. Something else thats good to know. 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