Sarah . Yeah, shows the power of the fed there. When that headline hit, boom we have a great lineup coming your way Jeremy Siegel and rick reider join us. Plus, well speak with larry kudlow about the latest debate over the future of enhanced Unemployment Benefits and what happens when they run out . Well also take a closer look at one winner amid the volatility, the video game sector. Well speak with Strauss Zelnick. That stock has been an outperform they are year lets focus in on the big stories with one hour left of trading. Mike santoli tracking the action and phil lebeau and joining us to discuss the outlook for the banks is brian foran start us with the big come back that weve seen in the market this afternoon theyre saying buy the dips were in a dip buying environment. They proved it this morning. Take a look improvement. We got that one weeks time. Things are looking stretched at the highs. One week ago today 3232 was the closing level then we got that shakeout. Thursday most pr
Power lunch starts right now the s p 500 briefly dipping below 3,000. Bob has more on todays sell off. This is a very interesting day because its complicated we had a 70point swing in the s p 500. Wii right on the verge of going positive its not simple to say this is a day when the cyclicals started rallying the market is bit unsure of what to do. Just take a look at the dow leadership here. You say, look at all these industries rally here. 3m is up boeing is having a good day. Were seeing the other stocks. Raytheon is on the upside. You say the cyclicals are doing well thats not really the case look at the dow laggards, for example. You get defensive names like merck and pfizer caterpillar is still down. Banks are still down even though they are off the lows. You see its not quite simple to say the cyclicals are rallying boeing has been on a wile ride for weeks. It was 176 earlier in the day. Its been moving up and moved into positive territory. It was 155 two weeks ago it goes down t
A show for you today so lets go and ive read that. Global infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president manuel mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines while you as you and secretary general antonio terrorist cited the importance of these global efforts. The world needs of the development of production and equal to believe many of safe and effective government 19 facts internet bill ticks and theyd gnostics not a vaccine or tick most for one country or 100 or one of the worlds but the vaccine and treatment at that affordable safe effectively easy administers and universally available for everyone everywhere. Meanwhile Brazils Health minis
Lineup of guests coming. Federal reserve vice chairman will join us exclusively in a few minutes for his first interview since last weeks fed meeting. Well also pespeak with the ceoo human there is a and a massive afternoon of earnings headlined by disney, ea, beyond meat and activision and well peek with actvisions ceo ahead of his Earnings Calls after the numbers come out as i said, were at 1. 9 with 59 minutes left lets moex fowlkes on the big stories. Meg has new developments on the treatment and vaccine front but mike, lets kick things off with you in the markets yeah, another day of fairly orderly levation in the indexes. Today its a broader rally even though its been led by the big tech stocks. A chart of the s p going 50 0 going back a year, were back up to the upper end of this crash levels last september, october, sort of going back to early 2018, an area where we gave a little friction to the rallies, but clearly, a market is acting as if big investors feel u underexposed to
This is the one business show you cant afford to miss something in washington coming up as the global number of coven 1000 cases of surges towards 3000000 the European Union comes up with its own half trillion euro Recovery Plan in a new report to the Congressional Budget Office as dire numbers for the future of the economy and the federal deficit much of the total expense on the economy Washington Area doctor about the right to tell a health and how it may become the new normal but we have a show for you today so lets go and ive read a. Global infections for the coronavirus stand out more than 2700000. 00 the total death toll and nearly 200000 World Leaders met virtually with the World Health Organization to launch what they called a landmark collaboration to fight the pandemic will the u. S. Did not participate but french president mondale mccrone and german chancellor Angela Merkel were among the group and they pledged to accelerate their work on these tests drugs and even vaccines