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The last 20 minutes or so. Nasdaq is down 33 and 3 quarters. Now these numbers coming after signs of the spread to have virus stabilized in hot spots. That led to strong rally yesterday. Here at the close yesterday, the dow gaining and s p entering bull market. U. S. Death toll topping 14,080 but there are signs that the spread is slowing in hot spots. The cdc issued guidelines to get to workers. The Trump Administration requesting 250 billion, democrats want additional 50 billion. Fed chair jay powell will be giving us an update on the economy and actions taken to combat the impact of the virus, thats today 10 00 a. M. Eastern time. More to expect from the fed. The today is a big day for oil. We are watching the contract right now. Its up almost 5 and a half percent. The investors are watching the opec meeting including saudi arabia and russia, can they come to an agreement . All rising on hopes of a deal to cut production ....
Move what youre trying to do welcome to power lunch. Im melissa lee. Stocks are lower, but steady, headed in the long holiday weekend. Nasdaq trying to scratch out gains. Dow 20,000, will have to wait. Still on track for its seventh week of gains. Health care, by the way, the leading secretarier in todays session. Heres what else is happening this hour. A developing story were watching closely, the fbi investigating a hack at the fdic which regulates the big banks. More on this story ahead. Reports that u. S. Government is now requesting select foreign visitors provide their facebook, twitter and other social media accounts when arriving the in the country. Consumer sentiment on the rise and new home sales rising 5 . We also have jon fortt here with us for the hour, riding shotgun. Welcome. Thank you. Good to have you here. President elect making waves today when it comes to russia. Our Nuclear Weapons arsenal and the future of o ....
President obama is greeting the connecticut huskies who the ncaa earlier this year. And nate commissioner of the nhl will join us. And the commissioner of the nhl will join us. Then we will do lunch. At commodities after the jobs report. The s p, of course, what a closing. We are on dow 17,000 watch. Euro nymex dont do much this morning. Onto our second screen, the vix well under 11. It shows bull market enthusiasm. There is the dow again. To 1. 40. Bears scrutiny that would be stronger euro, weaker yen. Call it the antidrug and move gi move. Ntidrah this is just the s p 500 with some moving averages. Are two standard deviations of price movement, of volatility. The rail. S writing we are right on the edge of moving up, showing the market line with that enthusiasm versus where we would be if we were gloomy. In other words, let me try to wrap my head around that. These are two standard deviations, meaning 97 should be within the bad. The upper end of the band means maybe we are a little ....
Hill shire thought they would buy pinnacle and get into frozen foods and get bigger. A couple weeks later, theyre going to be involved in tyson. A heated hitting were. Bidding war. Have the stronger balance sheet, but they had the stronger will. They did not really chase this is this. Sara lee was part of one big company. They almost bought it been a couple years ago. They have been lusting for the brand for many years. On had a Bad Reputation not a Bad Reputation, but it would back away from meals at the last second. This time, they went through and went a couple of dollars higher than the rival. The next thing will be a formality. Hill shire has to get out of the pinnacle deal. Acquired. Ll not be 163 million termination fee. They will get paid by hilla shire for the deal not getting done. We do not think there are great candidates to buy hill shire. I think they go on doin ....