Message in the market that we need to Pay Attention to i think its interesting because last weeks the markets were so weak and everyone felt so despondent that this week was going to be just a replay of last week. I think that as the election is here today, people are settled, i think, into the fact that we will have a result i thisnk the market thinks we will have a result in the next 24 hours i think we all have fatigue from this election and i this i just havi i think just having a decision is what the market is pricing in now and after the decision, well go from there. I think the market is positive for clarity. It may not be clear but well see tomorrow what actually happens. Unless the market is getting ahead of itself. If you go by our cnbc states of play poll, only one in five think youre going to have an answer tonight on election night. The market seems to be acting over the next couple of days like were going to go to bed knowing who the next president will be or donald trump
About a 900point gain in just two days, easing some of lath weeks big losses. The s p 500 is up nearly 60 since President Donald Trump was elected four years ago this day, 2016 stocks have climbed back to reclaim the ground last earlier this year. Tonights election will be decided in the swing states and we will dig into issues, everything from covid to the economy and more power lunch begins right now welcome to power lunch, everybody. Im kelly evans. Weve got an historic election and a huge rally today our reporters are all over it. Bob pisani is watching stocks, ylan is at the polls lets begin with bob pisani on this rally today im calling this the buy everything rally we are off of the highs which we hit late in the morning, but still a substantial rally for the day. Take a look at the sectors when i say buy everything, you know its a good day when banks and industrials and technologies which go in opposite directions are up today today banks, industrials, its your cyclical sector
Well have another big lineup to walk us through thoseresults and what they could mean for your money as well including investors like barry diller so the next 24 hours as i think we all know will be action packed one way or the other. Joe. Thanks, andrew. President trump and joe biden making their final arguments to the American People in swing state rallies last night we made history together in our years ago and tomorrow well make history once again. Were still in the battle for the soul of america, decency, honor, respect you better get out there and vote tomorrow, i will be so angry, ill never come back. Never come back. Im running as a proud democrat but i will govern as an american president for months cnbc has been bringing you exclusive data from our states play of battleground polls. Joe biden has a lead among likely voters in each of the six states that that poll is tracking they say the top issues were the economy, the pandemic and political corruption and check this ut, 46
The index is down 10 from its record highs for the month the dow fell 4. 5 pshs, again, its worst month since march and second down nont a row the stp and nasdaq coming off twostraight losing months as you can see here the moves in october not great hanging into november. But it wasnt all red arrows we have been keeping an eye on small cap stocks they fell 1. 5 on friday, they did end the month higher by 2 for their sixthstraight positive month or sixth positive month out of seven crude under heavy selling pressure u. S. Benchmark currently 35 per barrel, 2 of the downside here for wti crude. Remember, lockdowns across europe are beginning to go into effect and thats sparking demand fears much more on that coming up. But first, around the world, a mostly higher session in asia over night on china manufacturing data hang seng in hong kong up 1. 5 europe is getting their day started. Were seeing positivity in the european markets ftse 100 up. Sticking with europe any developing story thi
Experts stress that is not uncommon to do were going to dive into that one in just a moment in the winners, 2020, reversing slack is plunging, lululemon is lower, nikola is down after it was up sharply yesterday its been a volatile last few sessions into the close. 59 minutes left. Certainly has been volatile welcome back, sara, having been off. Ahead of the upcoming debut well speak with Venture Capital investor about his bet on the company which started many years ago and how this ipo might do. Plus shares of retailer five below, more than 40 from the lows well speak with the ceo about whats driving this recovery you wont want to michigan this interview. The one and only Shaquille Oneal about the new effort for Financial Inclusion and access to capital in america. Shaq is coming up later in the show lets focus, first of all, on the stories. New details on astrazenecas decision to pause its vaccine trial. Mike, lets start with you and this big bounceback today. It is a pretty big boun