Recordbreaking rally after we head into a long weekend while it has been a number to remember, the best month in 33 years, the recent leaders and laggards have been turned upside down chevron leading the way and apple up only 7 power lunch starts right now hi, everybody, im kelly evans. Stocks are pulling back after this huge november rally lets go to dominic chu. A huge november rally thats put the dow at least in some catchup territory as you can see in the 2020 over the last year plus, weve seen the dow industrials just up 6. 5 in that span the s p, meanwhile, is up 16 , nasdaq up 40 . That catchup play in play right now. Watching whats happening with the rotation element weve been talking so much about, as tyler mentioned, look at the way energy has played out just over the course of the last month 38 monthtodate gains for the energy etf financials up 19 . Industrials up 17 the value and economically sensitive sectors are the ones leading the way higher in the month of november. As
This is the Ingraham Angle and thanks as always for being with us tonight. Forcing fanis hand. Thats the focus of tonights angle. Today fani willis lost her special prosecutor, her credibility and any hope for a political future. And Democrats Dream Of Drowning Donald Trump in a flood of legal cases is not working out like they had hoped. And now they are the ones caught in the undertow. The technical win for Fulton County District Attorney fani willis massive indictment on her behavior. It is a slap to the head to the prosecutor but not a fatal knockdown punch. Its highly unlikely this will start before the election. This really did help the trump team not only in terms of delaying it but also in undermining the credibility of the overall Justice System and the prosecutions against trump. Laura judge scott mcafee didnt take the entire load off fani. He didnt flat out disqualify her from the Election Interference case but the ruling handed down today was filled with bad news for the Fu
Progress on inflation. Moving away from a fed cut in june. The market is not pricing in a cut in july. Taking no action now is the best course of action for them to take instead of making a mistake. They want to give the market what it wants. The risk is overdoing it to the downside. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Nothing comes close. Nothing will be this. Adp due shortly. We can see what the number will be. Which is the reason we heard that from others. Deeply unreliable. We will explain why. Flexed what is it about what is it about pouring cold water over information . This morning, adp not a reliable indicator. When we get the data, everyone explains why it does not matter and why their theses still stand. You have an ultra datadependent Federal Reserve and then everyone discounts the data. What are we hinging our ideas on . The fed uses adp data for their own statistics so in that sense it is interesting. Important to look
Fredericksburg 6. Culpeper 2. Gaithersburg 8. And unfortunately we have lots and lots of cold in the 7 day forecast and well fwet used to it. Lets get to news. School skimzal begany and garrett out of maryland and hampshire and Orange County virginia sklz on two hour delay today. Cold weather might be to blame for blooded middle school with gas leak in south east d. C. No electricity, heat, crime are middle school. Melanie alnwick is there though live with the latest. Mel, its hard welcome back to class for these kids. Good morning. Thats right, it is. We should say they get one extra day here because d. C. Public schools g lot of damage here to clean up because of the problems with water and gas. And you can see here right in front the Washington Gas crews theyve been digging down to get to the gas line there. There was a strong smell of natural gas in the air and d. C. Fire hazmat crews tell me they understand that the water that was in the basement somehow compromised boiler room an
Up. Ofnie some of the headlines come out of the meeting with the president and members of the ways and Means Committee that is going on right now, the ofsident has a competence tax reform plan coming. It will be simpler and tremendously lower. The money will come pouring back from overseas. He mentions puerto rico. He is going there on tuesday, which is today. He said the government is doing a good job in a may go to the Virgin Islands as well. Puerto rico is very important to me, that is the president with members of the house ways and Means Committee area julie hyman has the latest. Thee koman julie we saw average is up, now the gain has been trimmed in the major averages are little changed, slightly biased to the upside. One of the things that has a weight in todays session is oil. The oil stocks are down the third time in 19 days. Crude is off a big rally that we have seen, more than 20 rally from june, down. 8 percent today. The weekly supply data comes out tomorrow at 10 30 a. M.