>> john, just want to point out, nasdaq up over 4%, s&p up 3% the nasdaq driven higher by the tech giants. facebook up about 8% alphabet up 7% carl, strength in those tech giants today >> session highs, dow up 700-plus points. it's time for the judge. >> appreciate it, carl our breaking news coverage continues. welcome to "the halftime report." i'm scott wapner first, let me show you what's happening in the market at this hour a big gain for stocks is what. there's your picture right now dow is up by more than 700 points that is a better than 2.5% gain. stp is good for 3% nasdaq is the outperformer, the standout with a gain of more than 4%. let's go to the race for the presidency still up for grabs, crucial votes are still being counted this hour. the electoral vote stands right now, 224 biden, 213 trump. could be days prosecute we have final vote counts for key battleground states. maybe we're getting a little more clarity on that bottom of our screen right here, nbc news is projecting joe biden wins the state of maine. want to get that news piece in there as we continue to watch for tho

huge gap between the nasdaq and the s&p, and the nasdaq and the russell as well. between the russell and the nasdaq. that is big tech versus small-cap america. that for me is the story of the morning in this equity market. i put ticket -- i put that together with my team. tom: your entourage. don't get into this. come on. jonathan: from london and new york, good morning. this is bloomberg. ♪ >> markets will probably judge that this is no longer a contested election. >> patience is the real key here. >> the more the stimulus talk is delayed, people are going to worry about growth again. >> the balance might be tilting towards accepting a little bit more risk. >> the fed has a very tough job right now. they are basically out of tools. >> it is going to get worse before it gets better. >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. good morning, everyone. an extraordinary monday.

caroline: the nasdaq is the only index in the green for the week.t feels as though we have a split market in terms of where you should be putting your money. katie: you do. it is interesting, you saw the nasdaq finished the week higher paid the s&p ended in the red. the russell 2000 eight the nasdaq for the second week in a row which feels like the rotation kind of fell off the radar this week. it is still there. romaine: you point out not only the russell is up but when you lay it up against the s&p 500, you are talking about a 3% differential, basically matching what we saw last week. i am curious though, while we are seeing people rotate back into the cyclicals and some of the small-cap names, a lot of those small-cap names, at least the ones that gotten the bit earlier were travel stocks, leisure stocks. things that were supposed to benefit from all of us getting back out until economy and all i see right now in new york is things being shut down again. katie: that is true. if you look at what dragged down the s&p 500 today, it is those travel s

and nasdaq futures, they are in the red.is one to watch the dow coming off more than 830 point gain, its best day since early june all the major indexes are coming off fresh record highs that were hit earlier in yesterday's session. but as we noted, you got to watch big technology because it did not play in yesterday's big rally. and names like amazon, apple and microsoft fell yesterday and they are also down pre-market today. monday was historic in many ways and not just because we have a great shot at a real vaccine which i think that we can agree we can be happy about, but also because stocks not only surged, but they diverged. domestic nontechnology stocks which had underperformed for a long time, they surged the dow up more than 800, nearly crossed above 30,000 but small caps were the star the small cap 600 index up nearly 4% or 5% really but big tech, a big disappointment the nasdaq actually closing lower. amazon and facebook down 5%, apple down 2%, all down again pre-market and here is a rather incredible rbi from our

we told you about the nasdaq. the nasdaq in third place, of course.is just losing a little bit at the moment. it's down 41 points. the closing bell ringing now in about 24 minutes. >>> as we talk about bitcoin, i just referenced it, we can also talk about stay-at-home tech winners getting beaten up. cheryl just pointed out, look at bitcoin. bitcoin last week, it was doing incredibly well. but we know bitcoin is one of those things where it depends on the news flow. bitcoin is down about 22 bucks. it was down 130 earlier. let me just get gold. let's not ignore that. this has not been a pretty day for gold investors or for any safe havens, for that matter. they are getting stampeded by this bull run. gold at the moment down 4%. or $84. it was down more than $90 earlier. we are at 1,867. the ten-year treasury getting absolutely crushed. the yield which moves inversely to its price, is spiking from .82% friday, ready for this, all the way up to .94 right now. risk on lights up stocks and not treasuries. is there a way to split the risk? meaning participat

nasdaq 100 up 2.6%.y with us, election 2020. ♪ election 2020. ♪ tom: we continue our coverage of the american election. francine lacqua and tom keene, a quick data check here, and we will get back to more good conversation. yields move, curve flattening, and there is a broader real yield, a deeper, negative yield. i notice as well, francine, the german 10-year yield has worked down a more recent, larger, negative yield. it is off the radar, but to me, that is important. red and green on the screen. nasdaq 100 with that huge serve, what was it, i lost track of time, 12 hours ago, a pullback, and nasdaq 100 showing a huge movement versus a flat dow jones industrial average. one other thing, francine, know you want to comment on, oil with a lift two days in a row. francine: actually what i picked out this morning are two currencies that can really move. i know a lot has been baked in, a lot has been priced in, but i want to show you the renminbi and the mexican peso. they could move if we have president tru

jonathan: the nasdaq up 9% since election day. three days, nasdaq futures up 9%. can you make sense of some of this price action? tom: absolutely not. jonathan: seeing the equity market up this much is pretty impressive. tom: we can pontificate about it. lisa will have all of the answers about why we are moving up. just in the last hour, yields come in. of all of the political debate this morning, the one little tea leaf was in georgia. mr. biden narrows the gap with 96% counted. tom: you mentioned -- jonathan: you mentioned the bond market. the company continues. lisa: if you want a neat narrative, you can but fun of me and tell me it is wrong, and it probably is, but i think the narrative of the day is that the fed it's going to have to provide more support to the economy because fiscal stimulus isn't going to be there the size of people expected because of split government. that seems to be the presiding narrative, and that is good for big tech. talking of the election, georgia is expected to give an update around 10:30 a.m. today, possibly before, when he secr

dow jones down 159 nasdaq off by 3. the bigger names, multinationals chevron, jp morgan and goldman sachs. financials right now as you can see jp morgan down by 1%. >>> coming up, new tensions between the u.s. and china we're going to head live to beijing for the latest >>> plus, this is supposed to be the most wonderful time of the year for retail. but will the pandemic continue to pressure consumers from spending early numbers on holiday shopping we've got that for you "worldwide exchae"ilrern twong wl tu for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin ♪ >>> calling it the stranger things rally stocks are about to do the first thing since 1987 with futures pointing to a lower open. >>> china on notice. new tensions between the u.s. and beijing as president trump looks to give his chief trade rival a parting gift. >>> bracing for cyber monday how main street is looking to get on the recor

interesting to see the nasdaq sell of.pple was flirting with staying in the green, ending down over 2% amazon down 5% netflix down 8%. decent selling in big cap names not just the small stay-at-home stocks. >> without a doubt the market in the end was not able to hold off some of the profit taking. the semiconductors i was watching, up 3% at the highs, finished down more than 1% it looked very stretched at an annual time high but far above the recent ends from i think you have a lot of thing working today. one was that the market -- took a lot of energy to get it up 7% last week. then you did have the burst higher in the s&p and in the dow. when you got the pfizer news and people were offbalance almost feeled forced and squeezed to buy some of the stuff that was not core positions like the banks and the beat up travel stocks. all that being said i think that throughout the day you are also going to have a lot of scrutiny on how the s&p behaved when it went to a new intraday high and cold hold it this is the fourth day in t

the nasdaq. with republicans holding the senate, tax hikes up on big tech are likely and perhaps there will be less aggressive regulatory climate. apple, amazon, google, facebook, microsoft sharply higher. looking within the vote here's what we see: early a mailing vote went heavily to biden. date of in person voting went heavily to trump. the turnout in many urban areas wasn't as a strongest 2016 and that works in trumps favor. the turnout in rural areas with higher and that is to trumps advantage with the turnout nationally almost certainly hit a new record. big surprise, trumps the margin of victory in florida tripled the size of his win over hillary in 2016. big upsets, it's not then called yet that african-american john james has a narrow lead in michigan senate race and is actually out pulling president trump. in a moment you will see the president declared victory late last night-- actually this morning and joe biden college for patients. it is not over. it's a fluid. more of those will be

nasdaq down by 0.3%. u.s. futures looking -- have we seen that rotation playing out in terms of the tech versus value story? it is in play in asia. it is inch deceit a japanese equity market doing well. see the interesting to japanese equity market doing well. part of this has to do with what is going on in tech, a crackdown on mono ballistic practice in practicemonopolistic in china. the u.s. dollar weaker, the new zealand dollar paring back. no cash treasuries today, it is veterans day. oil continues to make gains. we will keep an eye on the oil price. alibaba has kicked off singles' day, the world's biggest shopping spree that will gauge the strength of china's recovery. the strong sales are overshadowed by a tech selloff. let's get to the markets with mark renfield who joins us from singapore. i am looking at incredible one-day moves on the tech names in china, down by single-digit percentages, sizable ones. what is the backstory? investors did not see the extent of this coming? >> no, it is a surprise to

nasdaq was the worst performer with decline of 1 and a half percent.markets this morning are also mix, take a look at the numbers in europe where we see the best performer here in -- in london. ftse 100 up 105 points and up 1 and 3 quarters percent. cac quarante up 72 and dax up 19 points. in asia markets were mostly higher. best performer was hong kong and hang seng up better than 1%. florida bracing for a possible second hit. cheryl casone with the details now. cheryl, good morning to you. cheryl: that is right, maria, eta can hit as a tropical storm. this storm slamming southern florida bringing heavy winds and up to 16-inches of rain in some places, look at ft. lauderdale, a lambourgheni in flood waters. record-breaking 29th named storm for this season. wow. the european union will begin imposing nearly $4 billion in new tariffs on the united states which includes boeing jets and u.s. goods, happening 13 months after the u.s. was authorized by the world trade organization to impose tariffs on 7 and a half billion on european products. there's bowin

the nasdaq rose over. the russell, the small caps rolls up. the s&p 500, a record high at the close on friday. set to add some weight to that as we count you down to the opening bell. doing us now is ben laidler, tower hudson research ceo. the story over the last week hasn't changed. it is the short-term risk, the long-term opportunity. does the news this morning help us become more tolerant of some of the more negative stories we have heard over america over the last weekend? ben: absolutely. it gives you more visibility on where we are going. accelerates this rotation into cyclicals and maybe values of the market, but has lacked the courage to make that leap. we've now had this double catalyst where we are through the election and we can face forward into a very big 2021 growth rebound, and the vaccine or the incremental vaccine news, i think we've got a lot more still to come here, helps us bridge that gap over the winter infection spike to a gradual renormalization of activity, and the way to play these cyclical stocks, where i think we ar

the the s&p gaining and nasdaq gaining 1.02%. hospitality and leisure. has the market lost its mind no we are dealing with cross currents any time stocks get hammered, it seems to trigger visceral vaccine reaction good news bails out. on the one hand we know the cavalry is not coming. it is going to be in the form of at least one, pfizer vaccine, won't reach us until spring. in the meantime the virus is out of control we had 162,000 cases yesterday we are in a rough winter earnings from cisco, the networking type and applied materials and walt disney which needs no introduction. it is looking like we'll have a smooth transition from the trump administration to the biden administration that's a huge strange and even last week at this time, a notion of trump refusing to make plans to vacate the white house. i am sure you are sick of hearing it could the good earnings continue if you are worried of the virus and encouraged by the vaccine, next week will be pivotal for you. we'll hear from major national retailers. monday starts off something a little differ

now, the nasdaq slipping, posting the worst two days in months.dding to that, tech regulation is tightening across the globe from china to the eu and here in the united states. just today, we learned that amazon faces an antitrust complaint in europe. big tech faces a new administration in the united states. this time around, joe biden seems to have a different attitude to the last time he was in the white house. the rotation, we are seeing that from the center of the market. joe: if you look at one of the hottest areas with tech, it is some of those cloud computing names, very rate sensitive because so much of their earnings are backloaded. up until now, one of the hottest etf's all year, down over the last three days. really, over the last two days, with the vaccine, with the rates moving up, people not willing to pay as much. caroline: the s&p 500 index valuations are phenomenal. 21.9 times future earnings. maybe with yields taking a little bit higher, only 1%. but, nevertheless, maybe this looks a little bit expensive. romaine: i think it will

yes, we do have market action and its focus on the nasdaq right now.d to be up 19 points to see an all-time record close. we are up 50 but the s&p is now down seven-point we need to any game whatsoever, might not happen but anything can happen in four minutes. a year of record close for exchange trade funds 2020. $160 billion in fixed income, 134 billion into equity funds and $42 billion into commodity ets. 2021 will open up even more opportunities for countdown closer says listen to him first. a couple of one's, ceo on sort of the biden plans, their people right now who did not vote for biden. their people who love him and think is great but the emotion aside and invest like what? >> politics aside for sure, the great thing is, investors and advisors have done a great job raising technology and work from home. this is the new etf that just came out in the last couple of months, work from home, wf h. it's great because there stocks around cloud computing cybersecurity, remote access like zoom, document management, all these companies in one etf and it'

the nasdaq jumping 201 points. we are going to show you that restaurant chain and what it's doing next when "the claman countdown" returns. we all have our own journey ahead of us. our own hopes and dreams. we'll pass many milestones. moments that define you. and drive you. to achieve even more. so, celebrate every one. because success isn't just about where you want to get to. it's also about how you get there the all new 2021 cadillac escalade. never stop arriving. it's time for aerotrainer, with your weight and health? a more effective total body fitness solution. (announcer) aerotrainer's ergodynamic design and four patented air chambers create maximum muscle activation for better results in less time, all while maintaining safe, correct form and allows for over 20 exercises. do the aerotrainer super crunch. the pre-stretch works your abs even harder, engaging the entire core. then it's the back extension, super rock, and lower back traction stretch to take the pressure off your spine and stretch muscles. plank

nasdaq has come down a little bit but still trading over 1%, huge gain for the nasdaq.ack friday. let's see, what is this? etsy. okay. we've got an 8% gain on etsy? is that -- yeah, they have a big black friday sale today. you can snag homemade gifts for 60% off. and as you can see, that might be helping the stock. it's up over 8.25%. and you don't see this anymore, people setting up camp outside stores overnight. susan, what were these folks waiting for? you don't see a lot of that on the miracle mile. >> the new sony playstation 5. so no traditional black friday lines, yet there are lining up for the next generation gaming consoles. shoppers setting up fold folding chairs, dressing up man i kins to wait -- mannequins to wait outside stores hoping to get their hands on very limited inventory from florida to virginia, i across numerous states in america. since september we know that preorders went louvre, but it's been so hard to get your hands on playstation 5. you've seen the lines since september, and gaming is just booming across the u.s. and really v the world. --

nasdaq almost normal today, up 1.3%.e will see if that can sustain through the day and through the week, as whelp lots to talk about. bond markets closed here on remembrance day, veterans day, as well. but it is a good time to speak of the political moment. julie norman is at university studied,ondon, expert, and thought about conflict resolution. what is your prescription for the resolution and the conflict at this election? what is the path forward? >> we are seeing almost two different realities playing out. i think the biden team is playing it right by just moving ahead with the transition right now. they are not fueling the fire we are hearing from trump and from the tweets. but at the same time, we hear a lot of trump alleys, from bar r, from pompeo, they are still entertaining the allegations of voter fraud. so moving forward, it is a critical time for really getting our message to ensure that there is not an increasing threat to american security and democracy at this transition moment. away,ong ago and far senat

the relative performance of the russell versus the nasdaq continues. you could drive a truck through it this morning. russell futures are up by about 1.6%. nasdaq futures are negative on the session. cyclicality starting to come back into this market. you've got to ask yourself where the risk is in this market, and the risk for many people in this market is where people thought was safe just a few months back. that is the treasury market, big tech, and that is what the vaccine news did. it just turned risk upside down. tom: right now i am going to rounded up, 0.9 5% on the 10 year yield. that is a lower-priced higher yield. lisa: that is how it works. i am confused by the narrative. it is not a neat narrative at all. . what i am struck by his suddenly, it is the cheapest it has ever been for companies close to default to borrow money right now, even though we have a high unemployment rate, even though we don't know anything on fiscal support, even though we don't really have a verdict on the presidential election, or who is going to control the senate.

nasdaq up 202, s&p higher by 58.ing me right now is global advisor president dominic. thanks very much for being here. [laughter] early in the morning here we have the election that we're still crushing through. what's your reaction? >> i think you brought up one of the real critical points that is markets like clarity whether trump wins election or biden at the end of the day they want to know what the rules of the game are. they want to know what taxing structure will look like regulatory structure going to look like and i think what we're seeing right now at least with the futures are, is trump is known quantity and fact that the senate looks like it is going stay republican is huge. because about even if biden were to squeak in, they would angt as a buffer as a control on any wacko legislation that might come out of the democrats. >> yeah. i mean going into this as markets were rallying before the election, wall street firms were trying to put a face on a good fashion on stimulus, i mean, i can't believe that thi

nasdaq is down. bottom line, the market overall continues to rally as the senate looks like a state republican. profit reports recently and yes the vaccine is really helping. lets get to the election with contested and investigated. attorney general bill barr tells the justice department for checking for voting irregularity specifically backdating and 3000 invalid vote-- votes cast in nevada. are there enough invalid votes to reverse the count in any state? we don't know that yet. the supreme court today with hearings beginning and obamacare specifically individual mandate with newly installed justice barrett on the court. we would love to show you, but we can't. no cameras in the supreme court. wait till you see how far left-- how far as the left is planning with biden calling for healing and socialist wanting public shaming. "varney & co." is about to begin. ♪ susan: don't bring me down. stuart: our producers do a terrific job of organizing music relevant to the stories of the day. big tech is comi

, i'm in on the nasdaq. >> i got it.hank you. >>> let's do unusu aivy tethis quick break ♪ sofi made it so easy to pay off my student loan debt. ♪ they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the whole process was so easy. ♪ choosing sofi was literally one of the best decisions i could have ever made because it gave me peace of mind. ♪ lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. lease the 2021 nx 300 for $349 a month for 36 months and we'll make your first month's payment. experience amazing at your lexus dealer. and we'll make your first month's payment. my mom, siblings and i faced more than our fair share of adversity. but i believed in a future beyond what others saw. when it came time for college, the kpmg future leaders program was there to help. it was more than a scholarship. it was four years of support, mentorship and training. now, with a degree in animal science, i'm my f

as you can see, the nasdaq etf, that tracks the nasdaq 100, the s&p up 11%, very respectable and thethe trailing one there, but what's been driving a lot of that out performance with those technology related nasdaq type stocks is the work-from-home theater. take a look at these particular issues they're the ones that have benefitted the most since the pandemic lows because we have seen some kind of a move from a work-at-home, stay-at-home environment. zoom video has been a real leader, massive surge this year. over the last week, down 15% peloton is down 16%. the gym-at-home type situation playing to the downside as we get a vaccine, and then docusign down 11% these are the stocks that have come down dramatically, the ones that have gone up in the meantime have been beaten up the most travel and tourism, shopping, physical going out location type things american airlines, by the way, up 3% over the last week the most heavily shorted stock in the s&p 500 right now sl green realty office space in manhattan, maybe people go back to work. up 20%, and then chevron, will people consume mor

nasdaq is positive.orning although now off the best levels of the morning up 15 points on nasdaq. s&p 500 down, 20 points this follows a mixed performance yesterday investors rotating back into tech sector check out nasdaq at close up 232 points, 2%, dow down 23, s&p was up 27. we are standing by for key speeches this afternoon from are federal reserve officials later today we will keep an eye on market moving words on rates the economy, all-star he panelists coming up "mornings with maria" is live right now. maria: european markets this morning look like this, we did get economic data out of uk the uk gdp up 15 1/2% last quarter, lower than expectations, people are worried about new round of lockdowns derailing the progress of growth next quarter ft 100 this morning down 54 cac quarante down 80 dax is lower by 170, in asia overnight fractional movers mostly lower exception of japan, nikkei average was up, up two-thirds of 1%, breaking news, this morning potential election fraud. president trump personal

up 13, nasdaq just squeaking into positive territory there.ket is closing up for the day and energy is by far the best sector in the market. let's go to dom chu in you commodity market >> world benchmark brent crude, 46 hadn't 46.09. it's all around the possibility of a covid vaccine it's not just the oil prices you've got energy-related stocks they've seen a surge into today's trading. the s&p is the best performing sector, up around 5% right now every company in the group is up on the day gains are being led by occidental petroleum, diamondback energy a, and the spider oil and gas production there, the ticker xop at the highest levels since mid august. back over to you. >> wow look at those energy names that is really something, dom. thank you very much. >> all right despite the pandemic hitting retail, the nrf, retail fed aratioar federation expect as big surge, topping last year's numbers. more in a minute as you look as those names on your screen first bertha coombs as details from the nrf >> the nrf is forecasting spending of $450 billio

the s&p is still up two-thirds of a percent the nasdaq hanging on to a 2%.arkets closing up -- no, i've been told the oil markets closing down i get the impression it's closing up >> it is still up on the day but well off the best levels of the session. now et cetera just about flat. brent crude futures, world benchmark up one-third of 1% the highs of the day, wti u.s. crude is up 3% it's positivity around that covid vaccine still part of the story. fueled further by inventory data from the american petroleum institute, the api yesterday that trade group says the u.s. oil stockpiles last week fell by 5.1 million barrels. a much bigger draw down in supply than expected tomorrow we get official energy department inventory data. it was delayed because of the veterans holiday today back over to you. >>> another record for coronavirus cases here in the united states, 131,000 new cases yesterday. but there is one positive in that grim number it is actually helping the vaccine studies as more people are exposed to the virus it's not just the pfizer biontech trial b

down for the dow jones, up slightly for the nasdaq.resident-elect biden says he's better than president trump at handling the virus, but do you remember ibo at page one and one? well his new tv-- chief of staff doesn't think biden handled that very well. watch that. >> we did not get everything right in ebola and we were late on many things that we made some wrong choices. i was working for vice president biden and was not involved directly in the h1 and one response. age-- we did everything wrong. stuart: is expected to be a key figure in biden's response to the virus and we will have more on that throughout the show. here's a headline from the "wall street journal" written by karl rove: this election results will not be overturned. does mike huckabee agree with that? i will ask him because he is on the show next did you know you can go to libertymutual.com to customizes your car insurance so you only pay for what you need? really? i didn't-- aah! ok. i'm on vibrate. aaah! only pay for what you need. ♪ liberty. liberty. liberty. liber

in particular, wait until you see what bitcoin is doing we have the dow down 135 and the s&p, the nasdaq punted in the green of 12 points, breaking news, president trump just announced two actions to lower drug prices, here's the first, he will require drug companies to pass discounts on to patients, not middlemen, those are called rebates, the middleman are called the pharmacy benefit managers, they are used to help the drug companies manage the situation and act as a middleman, he wants those rebates to be passed on to medicare and met him, the price drugs are the favored nations club and the prices that americans would pay would pass the lowest price paid by developed countries, these are first world countries, same as us, why are they painless, the president says no longer we should pay the same, the president said these will save millions of dollars to blake burman who joined us now, he did not take questions. >> no questions, this fits in with what we seen from the president since losing the election in the last couple weeks, the president i don't believe is taking questions from t

take a look, the dow industrials are lower, the nasdaq is soaring, dow industrials down 37 points, nasdaq right now up 2 and-a-half percent, 272 points as investors gravitate toward technology stocks as we await the election results. the s&p is up 16 and three quarters right now. this is a huge departure from election day markets, it was the best election day performance since 2008 with the dow industrials up 550 points, the nasdaq up 202, and the s&p higher by 59. "mornings with maria" is live right now. european markets this morning with a firmer tone. fractional moves across the board, 20 points higher on all the major indices right now. in asia overnight markets were mostly higher. we'll see the markets here with the exception of hong kong, hang seng was down a fraction. japan was up 1 and three quarters percent many some of the top stories we're watching this morning. president trump declaring victory in multiple key battleground states as ballots are being counted. speaking from the white house hours ago, the president hinted the white house would push the supreme court to rule over

nasdaq looking to open higher.50 points higher as the election results at least thus far seem to benefit potentially some of the big tech companies we'll talk about that. s&p 500 looking to open up 20 points higher right about now as well we've got a great lineup of guests in a few minutes you'll be hearing from david reuben stein. former house leader eric cantor will be joining us advi vice chairman and michael novogratz. cryptocurrency and bitcoin issues as well given all of the questions about the future of the federal reserve and the dollar as we, of course, await the winner of the presidential election becky? >> andrew, we kick things off right now with what we know or maybe more appropriately what we don't know about last night's results. market reaction this morning and everything that's happening there. mike santoli is tracking the moves in the markets >> i've been sitting here for over 12 hours in this chair. take a look at the path at 270 the gray states are the ones where we still don't have a winner the

that's a 2.2% gain right now nasdaq is up 4%. s&p up 2.7%. the russell is struggling to stay positive. materials are the weakest sector tech and health care are the strongest. let's check out names hitting 52-week highs. including the likes of kcolgate and garden and pool. the big decliners today are notably caterpillar down about 4% dow and jpmorgan down about 2% it's been a tough session for all of the big and especially the regional banks with this decline in bond yields we've been tracking. the oil market is closing for the day. let's go to eric for those numbers. >> that's right. the oil market settling near its high prices filled with ups and downs. crude bounced off its low after president trump claimed victory in the election early this morning. oil got another boost from surprisingly tight weekly inventory data thanks in part to production shutdowns due to hurricane zmplt eta. oil stocks are in the middle of the pack in s&p 500. big gains by apache and d.o.g. >>> nbc news called joe biden the apparent winner in wisconsin and that put

nasdaq earlier hit and all time intraday high.looks like it will miss out own what could have been its third record close in a row. in the meantime a lot of attention on the growth in online retail this cyber monday mid pandemic. what about the to roads, names supporting online retail business that take the to money, right? let's bring in today's closer with two billion assets under management, dryden pence, chief investment officer. dryden, great to see you. give us your three names in the space. i will need you to whittle down if viewers can only by one of these stocks what would be? >> liz, happy holidays. very clear it is the toll roads. three names come to mind, very essential. i would think shopify, visa, mastercard. they are the essential infrastructure no matter which store someone is trying to buy from online they have got to use some of these key infrastructure plays. those are important. shopify is number two to amazon. there are certainly growth opportunities there. everybody has to talk to their own advisor but i thin

nasdaq futures down just shy of a percent.xthat all in the of gains we have seen since the u.s. election. it does not look as if we will get the blue wave priced in, but still, lots of questions on the senate. too close to call in the race to the white house. ♪ anna: it seems the vote count ,hich continues in georgia president trump has a slight lead, but as more votes are counted, joe biden does play catch up. counts president trump has been making his feeling known. he does not like the count is continuing. in terms of the overall tally, including in biden's count the number for arizona, 264 for biden, trump, 200 14. counts continue. let's get back to the market story. euronext says it has had talks with regulators on the second trading outage in two weeks. reporting ebay -- keep it a -- ebita. i wonder if you could tell me how the revenue side of things is performing. your reliance on cash trading, i wonder if that has been something that has supported business or hurt the business over the most recent quarter. >> that has

points earlier this morning, right now up by just 74 points and there is big pressure coming on the nasdaqit is down by 260 points joe mentioned the dow up 830 points yesterday, but the nasdaq was down yesterday it closed down by about 1.5% and thin this morning you see additional pressure down by about 255. s&p was up you yesterday by about 1.1% this morning indicated down by about 21 and then if you want to take a look at the treasury market, you will see that the ten year is sitting at this point right around 0.942%. so yields have picked up pretty significantly, you are getting up towards dare i say 1% in the ten year and that is somewhere we haven't seen in a very, very long time. yesterday big gains but it was a little disappointing great news about the pfizer vaccine. we saw futures take off, the stock market take off. and then give back some toward the end of the session >> so interesting to me, the vix remained high to me makes no sense. if you really believe that the vaccine was coming and coming quickly, the idea of the vix -- i think there is a debate going on about whether a v

the nasdaq once again underperforming. that spread between the nasdaq and the russell is unreal.wn 1.5% on nasdaq futures, up the russell by about 1.8%. is the risk where the perceived safety once was just a couple of weeks ago? tom: it is not only that, but absolute or relative return. in different parts of global wall street, you are worried about absolute return. in some cases, it is all right as of -- it is all relative. i know you are going to discuss this at 9:00 a.m. on your show, "the day-to-day with jon ferro." i can see it coming. we are going to get the markets open, and then you will move on from there. jonathan: i don't know if the day-to-day got a second series or not, tom. you have to watch alan partridge to understand all of this. tom: we will do that. you are not the person but that has told me this. on bloomberg radio, on blumer television, we are having a lot of fun -- on bloomberg television, we are having a lot of fun with this. all kidding aside, a serious political moment of the last 12 hours. jonathan: very much so, and not just down in washington, d.c. if

the nasdaq done ovwn over 1% at. zoom done. and individual wvideo game makee could you sign, all the stay-at-home stocks if you will down big yesterday we'll see if today can turn that around as we said,the nasdaq is highe in the pre-market. by the way, bnd markond market closed for the veterans day holiday. in china, it was much like us, a big story about big tech shanghai comp and hang seng not down much, but big technology stocks fell a lot. more on that in a moment and the trading day in europe just getting started you can take a look at the european market, they are up across the board except what looks to be -- what is that, the netanyahu netherlands? meantime in d.c., the transition remains a top priority for president-elect joe biden despite president trump's refusal to concede the election as the president prepares to make his first public appearance today since the election was called for joe biden on saturday tracie potts is joining us from d.c. with more good morning >> reporter: good morning. not a lot of republica

nasdaq is trying to come back after a couple of days of losses as we turn our attention once again toovid levels in the united states. we're going to start the hour, though, with alibaba, a big drop for the stock despite these new sales records on this singles day. hi, eunice >> hey, carl live streamers in china are wrapping up what's been a very long day pitching to chinese consumers and it seems as though the efforts have paid off. for alibaba, the value of the orders that crossed the site have just come in at just shy of a $500 billion, about $75 billion u.s. dollars these numbers cap an extended 11-day campaign that's a little different this time around not the usual 24-hour singles day shopping extravaganza. there were some interesting trends that we saw that were generally pandemic related, where consumers were looking to buy goods that they probably would be buying if they were able to travel outside the country. so these are imported items, luxury goods, health products also very popular, given the circumstances. now, as you guys had mentioned, there's a whole lot of excitemen

the s&p up 100 the nasdaq up 454. that translates into better than 2% on the dow, better than 3% on the s&p and 4% on the nasdaq united health leading the dow. hi, my name is sam davis and i'm going to tell you about exciting plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits, and medicare deductibles are covered. and, of course, most humana medicare advantage pla

nasdaq moving well.it is true, we're 24 hours from the election, it has arrived at long last, 14 hours to be precise. here is the big number, 93 million people have already voted. a record. nearly twice the pre-election turnout of 2016. on your screens right now. the campaign stops for the two candidates. mr. trump heads to pennsylvania, wisconsin, north carolina and michigan. biden is off to pennsylvania and ohio. crisscrossing the battle ground states. i think we got some numbers, they are important. manufacturing indicators. isa. dow is up. lauren: 59.3. this is stronger than we thought. this is the sixth month where the manufacturing sector has grown to show momentum. larry kudlow, economic advisor to the white house always on the show talking about the need to rebuild inventories. that is happening. demand is is up. solid news on the manufacturing front. stuart: get news on the manufacturing front. got that. do we have construction spending? susan: a little tepid only growing .3%. market was looking

it is seeking to list on the nasdaq.have seen revenue numbers coming out, $4.8 billion, up versus 2019 numbers. -- their bankers to include goldman sachs, morgan stanley. joe: we are back with our guest. i want to dive more into this question of what a vaccine reflation looks like. airbnb filing for its ipo. we have seen tech and these growth stocks really come off the boil over the last couple of months. of vaccinehe sort reflation, does this mean that at some point we go back to precrisis trend growth, at which point the low growth tech rally resumes again as people pile in -- pile in for their secular characteristics. naufal: a 50/50 split with harris being the tiebreak, even in that say ariel -- in that scenario you have centrist store conservative democrats have any kind of swing vote. platform heeconomic released today was constructive in terms of what we can do on the fiscal front. limitation, it can be difficult. 2016, everyone kind of had their hopes on a huge, durable, cyclical rotation. i think this will persi

nasdaq is up 72. not bad.accine today, that would be astra-zeneca and oxford university. their vaccine is 70% to 90% effective. it's pending fda approval. they'll have 200 million doses available within the next six weeks and three billion next year. however, we are told this is separate from astra-zeneca that the first vaccines will be in use in america by mid-december. how about that. it's a rally on wall street. >>> now this. the left is making a lot of noise. the socialists are putting heavy pressure on the biden camp. they want influence. they want a presence in the new administration and the new cabinet. i will make a prediction. they are not going to get very much of what they want. that's because what they want is so far out there. bernie sanders' tweet over the weekend tells the story. he wants $2,000 a month for all working class families, $600 a week for the unemployed, an end to hunger and homelessness. his wish list goes on from there. he can't get any of this if the republicans keep control of th

the dow industrials up 4.5%, s&p up 4% and about 3.5% for the nasdaq a lot of that for the nasdaq isin the last couple days if you take a look at the nasdaq composite overall, we've kind of gone from drifting below its 50 day average price to back above it 50 day moving average has been just around in this level here so if you take a look at a layer beneath there, the move sector-wise driving a lot of the action, we've seen a huge a little of movement over the last one week period in health care and in technology and in communication services so we're talking mega cap technology and health care stocks the ones that benefit there gridlock, perhaps the health care industry. and some of the stocks driving that have been health insurance companies. technology being driven by semiconductors and communication services and just to kind of put a point on this, if you look at the stocks that have been driving a are t lot of the market action, it has been the mega cap technology names. we're talking facebook, alphabet, amazon each of those stocks has rallieded, by facebook 11% 9% for alphabet.

dow industrials down 88, nasdaq is up 14 and s&p 500 lower by 14. record day in wall street to start the week yesterday, dow finishing at its first all-time high in 9 months boosted by the positive news on moderna's phase 3 vaccine trials. at the close up 471 points, nasdaq up 95, almost 1% and s&p higher by 41, better than 1%. big day for retail earnings, wal-mart and kohl's and home depot all reporting this morning, we will have the numbers as soon as they give -- hit the tape. holidays in digital world. zoom is helping you and your family out if you're planning on a virtual turkey day, it's making a buzz, mornings with maria is live right now. ♪ ♪ maria: home depot earnings hitting the tape right now and european markets are lower, cac quarante down 9, dax index lower by 25, take a look at home depot numbers, revenue above expectations at 33 and a half billion dollars, earnings beating estimates. check out asian markets overnight, mixed story, fractional moves pretty much across the board. best performer as you see was japan, nikkei average up 1

biggest winner on the day the nasdaq technology in the lead, 3.85% was the gain on the nasdaq today. it to more than 6% for the week so far. the russell 2000 index of small caps lagged all day, some of those value and smaller names did underperform, it managed to close positive but just barrel coming up this hour kyle bass will be here to weigh in on the rally and discuss how trade relationships will evolve with china if joe biden does win the presidential election. first let's talk about this market, josh brown is here, also sara malek here to join the conversation share ration welcome to you. over to you, it was a celebration of a potential blue wave yesterday, now that we've seen results a celebration of a potential divided government, make sense of it all for us. >> i don't know if today was as much a celebration of that or it was just yesterday's action in rewind at least partially because it just felt as if some of those trades the reflation trade, higher yields, value stocks working, industrials ripping and all the rest, positioning for a manufacturing reviechl, that stuff got

same with the nasdaq, up 246. actually, nasdaq high, 251. we are just points away.he dow, now up 700 points. okay. six and a half minutes to go before the closing bell rings. you can't miss the final minutes of trade. i will be here for you. stay right there. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. . . . some things are good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know. if you have medicare you may be able to get more benefits without paying more through a medicare advantage plan. call now to request this free guide. learn about plans that could give you more benefits from humana. a company with nearly 60 years of experience in the healthcare industry. humana offers a wide range of all in one medicare advantage plans that include medical and prescription drug coverage. plus valuable extras th

nasdaq getting a little bit.irst, jane wells is live from a turkey farm in california jane more of those turkeys going to get to live this year? >> um, these are christmas turkeys, jon, don't tell them. they have a little bit longer. it takes months to raise the turkeys. but thanksgiving changed and now the traditional business plans for turkey farmers has flown the coop meac sopheweheco wn co bk. (♪ ) keeping your oysters growing while keeping your business growing has you swamped. (♪ ) you need to hire i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base so you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/promo >>> with thanksgiving a week away, jane wells is taking a look at how the pandemic is affecting farmers. jane, over to you with the best live shot of the day >> thank you, sara rocking the hairnet again. these are turkeys and they're the ones that they have rem

the nasdaq still very much on top. it is very clear the nasdaq is not on top. the nasdaq is struggling versus the likes of the small caps. tom: we will do the data altogether this morning before we get to dr. fazeli. the vix from 41 to 23, i have been looking for an entry point. jon ferro, did i miss it? jonathan: you missed it two hours ago when that news from pfizer dropped. you.thank you, thank [laughter] approaching $41, up almost 10% on the morning. the i've got to ask you money question for the deeper fixed income market. what is the significance of a 1% 10 year yield? lisa: you are seeing that in the nasdaq, the fact that it is barely gaining, and at one point was negative on the morning. the rate sensitive stocks are going to potentially outperform if you are looking at the banks, and underperform if you're looking at big tech, which is been used as a proxy for safety. the king at this market, i really think the theme of the morning has to be what jon is talking about, bridging the gap between the near term and the long term. the pandemic will end, but

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you saw the nasdaq, two days in a row with triple-digit losses.tation out of big tech names, namely the fangs. what is next? our "countdown" closer is researching corners, far far-reaching corners of the rally, sandy berger is from asperion. sandy what is chief in your space? >> liz, we lovall you stocks. value stocks are so cheap right now. there are great names. pfizer one made a lot of news yesterday. coca-cola, johnson & johnson. solid companies doing well. they have really attractive dividend yields we think are important. as we look over several years, the vac soon as it makes its way through and economy can start to recover we think the stocks will deliver very solid returns. we are very excited about them. we are having lots of conversations with clients who have been enthused about them as well. liz: they are solid names through thick and thin. up for quite some time. what about location out rotation out of bonds? we see yields down. yields rise. what is the underlying story there? >> we have been moving away from bonds. we're keeping som