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And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john p...

The move in Interest Rates, the impact, if any, it could have on that tech trade. Josh, ten year, 78 basis points, 30year highest since june is this going to be a big risk for that growth trade . Im not sure. It certainly could be. But heres the way that i think we want to think about this. If you go back to february of 2018, that is when the curve peaked, right . Then we had several scarce where we thould we would have a thought we would have a yield curve above those levels but were not there and every time we gotten to that level weve had a big fade what i do think is happening now that is ...

A look at that and they think they could get a good price so they might as well sell so if alibaba has such good momentum behind the stock why this market valuation half that of amazon when currently they do even more business more revenue that even up higher than amazon already. Well its hard for anybody to have a valuation is high as i was on i mean theres a lot of speculative money thats in that stock and im sure one of these days its coming back down to earth i just dont know when that is. So now peter lets go back on to the domestic front we have come thinking reports and sentiment yet ag...

A general competitor in United States i mean we can produce enough of our own oil we are no longer held hostage by opec around or saudi arabia so theres a whole bunch of things that could be created this by the end of the day i mean who couldnt use the extra 2627000000000. 00 laying around and just to put it back and flush around the markets i mean you know to me its just easier for them to do so and it doesnt cost them anything and again we know that their profits are really there. All right peter lets look at this in the other current reigning i. P. O. Leader ali babas also planning the seco...

Schiff c. E. O. Of Euro Pacific Capital and Todd Bubba Horowitz chief strategist above the trading so lets start off with you it seems like the only way that saudi aramco can sustain its nearly 2 trillion dollars valuation is by artificially buffering it from the Global Markets and offering a sweetener to investors in the form of local banks making loans available for the sole purpose of investing in this i. P. O. So what is the purpose of this anyways they dont need to raise any more money its already the worlds most Profitable Company and its previous goal of getting a rambo circulated and d...