Im becky quick along with joe kerr de kernen and Andrew Ross Sorkin. After two days of optimism, the get out there again trade was on turned around a little bit yesterday. We did see people rushing back to the stayathome stocks as covid cases and momentization hs continue to climb. And some states are imposing restrictions and the nasdaq ended up 2 after being down monday and tuesday. Yesterday the dow ended flat, right now indicated down by about 115. Never made to the record, still waiting circumstanling around tt s p 500 down by 2. 5 and nasdaq indicated up another 51 points this morning these were the stay at home stocks, amazon up, apple up 3 , zoom which had gotten hammered, yesterday up by almost 10 took c docusign 5. 2 and netflix 2. 2 and treasury yields, yesterday it was closed for veterans day this morning it is open and you can see the ten year still around the very heightened levels, again, not historically, but based on what weve seen in recent history within range of 1 a
And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john pisani you hit it right. It is essentially out of growth and the rally in cyclicals value, not always the same thing but cyclicals and values are continuing. John mentioned walgreens theyre going to be an administrator of the covid shot. Walgreens and cvs moving thats a very specific story by bu si but cyclicals Like Aerospace boeing has been a huge mover in the last few days, 3m, oil stock is anot
Amazon also boosting, well, going up, of course, and apple, man, youve seen them both over the last day and this morning perhaps no exception, later today, we get the apple phones, prime day has kicked off, carl it is a big day. And as it was for yesterday, in terms of the stocks. Indeed, were within 2 of all time highs on the s p, trying to get back to the september highs, jim but i wonder if you think the lead this morning are these loss provisions at jpmorgan. I am surprised positively i think what has happened is people arent spending, not borrowing, credit card losses, fine Small Business loans, i dont know where the people are that theyre not suffering. This is it is not a happy maybe jpmorgan is lending better i will say this, david noticed this, there will be a call that goes on, simultaneously when we talk about it, and that call is going to take the wind out of our sails, david, if we Say Something really positive because there will be one comment and some comment that comes
And experts warn too much celebration could trigger a 2nd coronavirus wait. Welcome to the business i want to get jones and berlin good to have you with us the United States and to google i headed to Court Washington has filed an antitrust lawsuit against google accusing the company of illegally using its market power against its competitors the government says google has borge its success by paying a mobile phone makers and others to make it the default search that engine google controls about 90 percent of global web searches its the biggest challenge the u. S. Has launched against the Tech Companies and a landmark case against microsoft and that was back in 1998. So lets get some analysis on this now from our financial correspondent Chelsea Delaney in frankfurt chelsea. Please tell me i mean so what exactly is illegal about googles business model. Its no surprise that google is seen as a monopoly here but what the government is alleging is illegal is the way that google has attained
Chairman johnson good morning. This hearing will come to order. I want to first welcome and thank our witnesses, the honorable christopher wray, the director of the federal bureau of investigation, bell honorable christopher miller, director of the National Counterterrorism center, and honorable kenneth cuccinelli, senior official performing the duties of deputy secretary. This is an annual threat hearing. When i look at all the threats that this committee has considered and all the threats facing this nation, i think it is pretty interesting how many hearings we have held on so many of these things. Before i proceed, i guess i would ask for consent to have my written Opening Statement to be entered into the record. When you consider these threats, for example, i will just go down the list cyberattacks, ransomware, intellectual property theft, something we are concerned right now as we try to develop vaccines. But the hundreds of billions of dollars of Economic Loss due to intellectual