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Alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, thats weighing on the financials the Kbw Bank Index is down around 3 with 59 minutes left in the session, banks one of the few decliners, sara, broader markets ripping up. We have a great lineup of guests over the next two hours to help make sense of the election, the market and your money. In just a few moments Guggenheims Scott Minerd will join us with his take on the rally and later we will hear from long time pharma exec fred hassan about the impact of the election on health care, those stocks zooming higher, plus kyle bass with a take on what all this means with the u. S. Relationship with china and bob diamond will weigh in on the banks. Lets get straight to the market rally that is happening. Mike santoli tracking all the action. You see a move like thi ....
Million. And beyond meat, those shares are down sharply amid slowing sales, while mcdonalds launches a new plantbased product line carl well get to that later, guys first, jim, a lot to unpack with the covid cases, pfizer news, lilly news today, azar on squawk saying the timeline for a vaccine delivery is getting pretty specific now. Right look, were back in that same world and i listened to the fund manager speak on squawk, got to buy value and sell growth where were they yesterday whenle have you went from being okay to being overvalued in about a threehour session i find that when i look at some of the stocks that i like in the industrials, they have gone so far that i think now everything has to happen right and these arent going to happen righting. They are hostage to earnings Cloud Computing stocks, they have a lot of room to go down because theyre so high. When you look at faang, for instance, does it make it so alphabet i ....
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is a ....
Coming off a fiveday win. A lot of the stocks in the nasdaq are for companies that do better in covid era. Remember, weve got many, many institutions with 80 to 95 of people working home. They require a gigantic change in the supply chain of work. And the supply chain of work is just generated a remarkable new wave of the cloud, of hardware, of software, and the companies that are really rallying for the most part are companies that do fabulously when you have to create new factories the factory is in the home theres a look at steve mnuchin. Well talk to him in a few moments. A lot over the weekend, whether it was mnuchin, kashkari, prepping us for the idea that the worst of the impact is still to come, even after that jobs number on friday which we didnt have you with us to discuss. Here we are i wanted one thing to be normal in my life Everything Else has changed like so many of us. I questioned the notion that this month will ....