i'm wilfred frost, with sara eisen.nd mike santoli we are higher by 2% at the close for both the s&p and the dow 2.6% for the nasdaq. the dow is up 542 points the high of the session was up 647. the last few minutes of trade did see energy dip into the red zone ten of the 11 sectors were higher banks were down 4% yesterday up 4% today. what a roller coaster ride for that sector. investors set for a wild hour of earnings uber, square, roku some of the big names set to report. we will discuss t-mobile's numbers with their ceo, mike seifert first on cnbc. that's after numbers are released any minute now. stephanie link still with us and deeg as wright joins the conferring as well mike santoli i come to you first. a little bit of slippage into the close. still a resounding session, resounding week, as sara said, up 7.4% in the way that we were looking oversold late last week. what when do we get back into overbought territory >> it is pushing it right now. on the short-term measures it is getting stretched only in the immed

i'm sara eisen here with wilfred frost.ook at how we finished the day on wall street keep in wind we are coming off of the worst week in stocks. honeywell and wallgreen's were the biggest winners in the dow today. disney and mcdonald's, the biggest losers the s&p 500 up 1.25% all sectors managed to close in the green. communication services, which was the worst perform, just went positive on the session. energy, though, the big winner, up 3.7%. materials, industrials and real estate also topping out the best performing sectors the nasdaq lagged. technology was not the standout today. and that's where it only closed up .4% the small caps had a very strong day. they closed up 2% and were overall the winners. we continue to see the theme, small versus large value overgrowth cyclicality. a lot of people say it has to do with renewed hopes for stimulus after the election mond disease is set to report earnings in just a moment. the ceo will join us and talk about whether or not americans are starting to stockpile snacks again in

i'm sara eisen here with wilfred frost. stocks looking to finish up a volatile week on a high note the major afternoons all rising today. dow is up 400 points, session highs as we head into the close. let's look at what's driving the act. strong earnings from dow components cisco and disney. home deowe poe set to report next week. energy sector is jumping up 15% on the week the u.s. continues to set the wrong kind of record when it comes to the coronavirus adding more than 150,000 new cases on thursday alone president trump is expected to give an update on operation warp speed in just about an hour. we will take it for you live 59 minutes left to go in what has been wilfred a wild week of trading of one that is higher. >> higher for the week higher today as well up 1.3% on the dow coming up on today's show we will speak with chicago mayor lorie light about her lockdown advisory and the potential economic fallout as cases surge in the state of illinois plus it has been a big welcome back for the bank stocks with the kbw bank

. >> welcome to "closing bell" i'm wilfred frost along with sara eisen. stocks off their worst levels of the day those close to them. the nasdaq giving up 61 points and the dow falling more than 400 points let's look at what is driving the action chicago issuing a new stay-at-home advisory starting monday and the fed chair jerome powell saying the next few months could be challenging adding more needs to be done in terms of fiscal and monetary support on a positive joet, jobless claims came in better than expected, 709,000 signaling more improvement in the labor market. and treasury yields dropping sharply following yesterday's bond market closure. that's putting pressure on banks, which are among today's worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. >> ahead on today's show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. and jeremy grantham s

i'm wilfred frost along with sara eisen and mike santoli.emains up 4% for the noo week the nasdaq led the charge today, up 2%, but is still down close to 1% so far this week tech, consumer discretionary, the best performing sectors, as you might expect, based on the flip of themes so far this week. materials, energy, banks toward the bottom of performance today. again, speaking to that rotation from the first two days of this week coming up, blackrock's rick rieder will weigh in on how the coronavirus vaccine will have impact on the economy. and mark smith from ubs joins the conversation very good afternoon to you, mark josh brown, i thought i would come to you first of all on a couple of individual names if people wanted to get exposure to the stay-at-home winners, 2020 winners, are there any that have pulled back significantly that jump out to you as being attractive entry points? >> i wish i was on with you like a few hours ago, because they were all lower but, yeah i think like this notion that just because there's a vaccine we're going

welcome to the "closing bell," i'm wilfred frost along with sara eisen stocks selling off to close out what has been an otherwise stellar month. let's lock at what's drivening the action the dow is down 1% or so, but still set for its beth months since 1987, up 11.5% the russel on pace for its best month ever of course up 19%. growth stocks outperforming today. tech the only s&p sector in the green. energy the worst approximating sector, comfortably. hawkish headlines on china and weak economic data both weighing on market sentiment. the dow is down 300 points yearly it was down 350 about 20 minutes ago. we have 59 minutes left in the session. big show coming up four. a true 2020 winner, et ceteray stock is up 250% this year we will talk to the ceo josh silverman about the holiday crunch and whether his company's momentum can continue. >>> and arthur blank, cofounder of home tee poe, owns the atlanta falcons and atlanta mls team as well let's focus first on the stories we are watching today. mike santoli is tracking the market action into the close meg tirrell has a vaccine update and

i'm sara eisen here with wilfred frost. it is election day in america. and rally day on wall street stocks are headed higher for a second straight session with the dow up 2% as we head into the time hour of trade let's look at what's driving the action right now first and foremost, it's the election we are just a few short hours away from the first round of poll closures including georgia, north carolina, and ohio whether we will get a clear result tonight remains to be seen the ten-year note level higher than since early june. banks among the best performing stocks in the dow and the s&p. oil prices are gaining ground but the energy sector is the only in the red. overall a broad based strong day on wall street. >> following gains yesterday as well let's get straight to the big stories we are watching. mike santoli is here watching the market rally. >> and ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. >> good two-day run in the markets. it is inhabiting the ground we were in the last half of last wee

i'm wilfred frost along with sara isen. the dow down more than 100 points further positive news on pfizer's vaccine helped sentiment early, but we since faded during the session new york city said it's temporarily closing in-person schools as cases surge in the city and around the country. that has stay-at-home stocks like peloton and zoom popping in the session. high intraday high russell 2000 continues its high but it, too, has faded during the session. the russell flat, the other indices negative >>> coming up in today's show, we'll ask allianz chief economic adviser mohamed el erian about today's highs plus, the president of shopify about the company's new partnership with alipay mike santoli, tracking the market action. meg tirrell has more news on pfi zechlt r's vaccine data and phil lebeau, covering the boeing 747 max. mike, start us off here. >> we've been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. over bullish sentiment has had a hard ti

i'm sara eisen along with wilfred frost. 30,000 not today. stocks are selling off though we steadily climbed higher throughout the session. retail earnings beat tech is outperforming. tesla up 9%. shares of pharmacy giants are under pressure after amazon said it was jumping into the prescription drug business bowe is off a little pour than 100 points nasdaq and s&p clinging on the gains. >> coming on today's show, retail earnings season full swing. shares of cole's are higher after topping eps estimates this morning. we will talk with the ceo. plus, as the u.s. is seth coronavirus records we will talk with dr. eric gooseby. all of that still to come. first let's focus on the big stories today. mike santoli is tracking the market phil lebeau has more on tesla's spree into the s&p 500 and we will talk about the pharmacy space and amends's move into it. mike santoli let's start with you. >> it was the morning was off the lows a mild pullback. market seemed like it needed to cool off and rest for a day. right now riding the upper rail here we clo

welcome, everyone, the kboel i'm sara eisen, here with wilfred frost. pfizer says its covid-19 vaccine candidate developed with biointech is more than 90% effective in preventing covid-19 in a phase three study the cow and s&p 500 hitting record highs in today's session, this after strong gains last week as well as the election results come into sharp focus. seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stay-at-home winners like zoom, peloton, and amazon are coming back to earth. nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. >> nasdaq hovering around the flat line. big gains for the dow. coming up on the show, a massive guests line ups. we will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. the chamber of commerce ceo tom donahue hue will break down what it means for

that's the turkey farm >>> hard to top that, wilfred.u know, it is worth reminding everyone we started off with another very strong day on wall street and also some good news on the vaccine front from moderna, getting very high efficacy that seemed to really drive the conversation and fuel the continued momentum on wall street, even though, mike, we did see the s&p and dow klein for t decline for the first time in three weeks. what do we look for next week? it is a holiday short week maybe we will hear who the next treasury secretary will be. >> that is true. retail has been a bright spot of the market you are right, the last two mondays it is very big, enthusiastic pop when you got the vaccine results and we never traded above the highs from that monday until we're still in the mode of digesting the rally. i do think you have a seasonally strong tendency for thanksgiving week and, in fact, the last ten days of november typically we will see if it bears through. so many things about this year have not gone according to the broad patterns

i'm sara eisen here with wilfred frost. as always. stroks have been struggling to find direct all day though we did see a move higher in just the last hour. let's look at what's driving the action a continued steady uptick in covid case is weighing on sentime sentiment. the cdc urging people not to travel for thanksgiving next week testing delays are also returning. we are also getting weak economic data signaling the labor market continues to struggle with millions out of work and no relief in sight. speaking of relief, the top democrat in the senate chuck schumer has republican majority leader mitch mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. >>> we will speak with colorado governor jared polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president-elect biden this weekend. plus we will talk with the ceo of the national association of manufacturers who is working with biden's team to help fight

>> yeah, the way i look at sit wilfred we get to a vaccine that has about a 90% efficacy rate. it is producing antibodies, more than a normal person produces post recovery from the flu many call it basic economy industrial names are the ones rallying it makes sense to me again, this is temporary i think the tech names got -- let's say they got ahead of themselves a bit but in the end what matters is there is going to be $3.5 trillion worth of new deposits in the u.s. did you to the feds' money printing we are going to get to a vaccine. it is going to be widely distributed through the first half of next year. i don't think we can allow rates to move higher we are going to have a very low rate, high energy environment where we are under a industrial recovery on top of the tech stocks doing well. i think 2021 is going to be an interesting good year. >> you are saying all-inclusive rally for growth and value. >> next year is going to have both look at the globe central banks. i don't know how many times you have heard the words tea party in the last four years, i haven't heard them

welcome to "closing bell," everyone i'm wilfred frost along leslie picket in for sara isen today. nasdaq holding on to some gains ahead of the holiday tomorrow. pain in the labor market as new employment data underlines how tenuous the economy is nasdaq higher, growth out performed value. energy under some pressure for a change after a huge surge in november >>> and we've seen strong numbers from corporate america mastercard said spending remains steady gap the counterpoint that stock is down 20% today alone. 59 minutes and one-day holiday coming up, of course, tomorrow the dow is down 0.6%. >>> coming up on today's show, website security company cloud flair shares are up. we'll speak to the ceo >>> plus, riding with unicorns we'll talk to founders fund keith rabois steve liesman has a look at today's economic data. mike santoli is tracking the market action. deir deirdre bowsa has details. steve, start us off with the economy. a busy day today. >> yeah. the federal reserve earlier this month at its meeting discussed asset purchase but saw no immediate need to adjust i think a bit

dow 30,000 welcome, in, wilfred frost along with leslie pickert who is in for sara eisen record-setting rally from the pandemic lows continues. the dow crossing 30 for the first time ever. will it stay there we will have to lock at the action easing of political uncertainties. the trump administration approves a start to transition to president-elect biden energy continues a monster move higher the oil and gas etf up 13% in the last two days. despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. >> 29 points above it. on today's show, two voices to help explain the dow's record rise in just a few minutes jeremy siegel will join us and later liz ann saunders plus former testry secretary jack lew will discuss president-elect biden pick of janet yellen to lead his treasury administration. let's get the latest from wall street mike santoli is tracking the action to led

." >>> welcome to the closing bell, i'm wilfred frost along with sara eisen the election undecided but the market making a decisive move higher adding to big gains for the week the major averages all up around 2% or more as we head into this final hour of trade. the state of the race remains fluid at this hour with neither candidate hitting that magic number of 2 # 0 electoral college votes and the picture remains unclear in the senate as well neither party has hit a majority yet. the tech heavy necessary dak is vastly outperforming today with apple, amazon, facebook and alphabet seeing outsized gains and treasury yields are under pressure giving back some of their recent pop, that's 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 guggenheim's scott minerd will join us with his take on the rally and later we will hear from lon

dow 30,000 welcome, in, wilfred frost along with leslie pickert who is in for sara eisen record-setting lows continues. the dow crossing 30 for the first time ever. will it stay there we will have to lock at the action easing of political uncertainties. the trump administration approves a

i'm wilfred frost along with sara eisen a much calmer day on wall street, the major afternoons makingely strong moves still on track with a strong week with the s&p 500 on pace for its best gains since april for the week let's look at what is driving the action first the election the race remains uncalled according to nbc news with joe biden holding 253 ec votes to trump's 214. biden gained the lead in pennsylvania and geo

i'm sara eisen along with wilfred frost. 30,000 not today.f though we steadily climbed higher throughout the session. retail earnings beat tech is outperforming. tesla up

>> wilfred, the cognitive business that we all feel when we stare at market loefls that are trading, especially in credit, back to precovid levels, when the virus is ramping and really kind of uncontrolled across the globe is something that we all feel if the answer is, you know, relaxed or not, i thinkit's really a function of this massive influx of liquidity into the space. but also i think rational investors saying, what do i do about that how do i field yield, yield all he turn tiffs or returns against something that i think is way mispriced? i would tell that you within credit, which is our area of expert trees, and private credit, there are a lot of places where there is still value, where the fed has not distorted market prices. now, i not everywhere, but we are seeing institutional investors grow their allocations to private debt in the midst of a pandemic and these people are very smart. they are doing the right thing in really reacting to some of the cognitive -- that we all feel, which is that prices don't reflect reality. and maybe they are looking too far ahead and maybe

i'm wilfred frost along with sara eisen a much calmer day on wall street, the major afternoons making relatively strong moves still on track with a strong week with the s&p 500 on pace for its best gains since april for the week let's look at what is driving the action first the election the race remains uncalled according to nbc news with joe biden holding 253 ec votes to trump's 214. biden gained the lead in pennsylvania and georgia a stronger than expected jobs report help to boost sent men this morning with the u.s. economy adding 638,000 jobs in october. the unemployment rate fell to 6.9% the coronavirus surge remains in focus, the u.s. setting a record with more than 121,000 cases on thursday according to johns hopkins data 59 minutes left of the session in what has been a crazy week. today though essentially flat, sara. >> holding onto the gains i would argue, which are very strong so far this week. ahead on today's show we will ask jeff sonnenfield how america's corporate leaders are thinking about the heated election race. big news out of cvs as larry merlo announces hi retir

i'm sara eisen here with wilfred frost. it is election day in america.nd rally day on wall street stocks are headed higher for a second straight session with the dow up 2% as we head into the time hour of trade let's look at what's driving the action right now first and foremost, it's the election we are just a few short hours away from the first round of poll closures including georgia,

i'm wilfred frost along with sarah huckabee sanders stocks kicking off election week on a high note gainingal end to october though offtheir best levels of the session. the major averages are mostly higher though the nasdaq is lagging entering the final hour of trade investors and the entire world are awaiting tomorrow's election result the latest nbc news "wall street journal" poll has have been biden up mor

i'm sara eisen here with wilfred frost. as always.n struggling to find direct all day though we did see a move higher in just the last hour. let's look at what's driving the action a continued steady uptick in covid case is weighing on sentime sentiment. the cdc urging people not to travel for thanksgiving next week testing delays are also returning. we are also getting weak economic data signaling the labor market continues to

i'm sara eisen here with wilfred frost.inish up a volatile week on a high note the major afternoons all rising today. dow is up 400 points, session highs as we head into the close. let's look at what's driving the act. strong earnings from dow components cisco and disney. home deowe poe set to report next week. energy sector is jumping up 15% on the week the u.s. continues t

. >> welcome to the "closing bell" right now, i'm wilfred frost along with sara eisen., nasdaq clinging to slight gains treasury secretary mnuchin attempted to calm wall street saying the treasury and the feds still have fire power left to stabilize the market >>> pfizer applies for emergency use authorization for his covid vaccine today. >>> an

i am sara eisen here with wilfred frost and mike santoli look at how we finished up the day on wall street dow closing with a gain of 473 points a gain of 1.6% a record close for the dow and for the s&p 500, up 1.2%, almost, 41 points, as wilfred said, all sectors higher, led by energy some of those more beaten down value names taking the lead as we have seen in this rally energy up 6.5% industrials, financials, materials also helped get us there with strong gains. only sector lower was health care as far as the dow, boeing was the wig biggest winner, chevron and disney nasdaq up .8%. technology not as strong as the cyclical sectors still a good day apple, qualcomm, a lot of winners there. the small caps, russell 2000 up 2.4% also having a strong run on the vaccine hope. >>> coming up, dr. slaoui discussing moderna's coronavirus vaccine. phase three trials showing it is more than 94% effective against covid-19 we will talk with him about the roll out later this hour paul hickey is still with us gabriella santos joins the conversation and via fine, mike wilson, ceo at morgan stanley with hi

i'm wilfred frost along with sara eisen another split session on wall street following yesterday's blisteringgher for the dow. the major averages heading in different directions as we approach the close what's driving the action. money flows out of stay-at-home tech stock exchange like zoom and amazon apple is higher after holding a product announcement this afternoon. some of yesterday's biggest win e airlines, cruise shocks, travel and

wilfred, you must free us. so we waited. another five years elizabeth. and for wet? for the death of my mistress? i will never know what mr. and mrs. smith discussed in private. was it her dying wish to see us free? or was it hurt living wish that kept us in sleeved. i'm glad to be free of her? interesting choice of words, elizabeth. it's complicated. i do more. it's hard to believe that she's gone. she and i developed a way of being with one another throughout the years. i ingratiate myself to her. alas, this is a matter of survival. i helped her manage her household with the utmost skill and cleverness. and in return, she allowed me -- and for that i'm grateful. however, a mistress is a mistress. you remember when i begged her to let me travel with her. yes, 11 years ago when they travel to philadelphia and 76. yes you, to when they travel to philadelphia on the declaration of independence. i wanted to go. i want to go so badly. of course benjamin was driving. them he would be done for as long as they were. i so wanted to immerse myself in the free black population

welcome to the "closing bell," i'm wilfred frost along with sara eisen stocks selling off to close outmonth. let's lock at what's drivening the action the dow is down 1% or so, but still set for its beth months since 1987, up 11.5% the russel on pace for its best month ever of course up 19%. growth stocks outperforming today. tech the only s&p sector in the green. energy the worst approximating sector,

." >>> welcome to the closing bell, i'm wilfred frost along with sara eisen the election undecided but the market making a decisive move higher adding to big gains for the week the major averages all up around 2% or more as we head into this final hour of trade. the state of the race remains fluid at this hour with neither candidate hitting that magic number of 2 # 0 electoral college votes and the picture remains unclear in the senate as well neither party has hit a majority yet. the tech heavy necessary dak is vastly outperforming today with apple, amazon, faceboo

. >> welcome to "closing bell" i'm wilfred frost along with sara eisen.r worst levels of the day those close to them. the nasdaq giving up 61 points and the dow falling more than 400 points let's look at what is driving the action chicago issuing a new stay-at-home advisory starting monday and the fed chair jerome powell saying the next few months could be challenging adding more needs to be done in terms of fiscal and monetary support on a positive jo

i'm wilfred frost along with sara isen.ow down more than 100 points further positive news on pfizer's vaccine helped sentiment early, but we since faded during the session new york city said it's temporarily closing in-person schools as cases surge in the city and around the country. that has stay-at-home stocks like

it's hard to figure whether it's cameron or tyler or wilfred frost when i'm talking to any of them seet winklevoss and there he is right there. anyway, seema, take it away. we have double trouble. >> thank you, joe. i appreciate it. i would like to welcome tyler and cameron winklevoss on cnbc, it's great to see you both. >> thanks for having us. i'm cameron by the way >> of course. >> i don't know who wilfred is. >> both of you are significant holders of bitcoin buying a significant amount back in 2013. tyler, i'll start with you, what have you been doing over the last eight months to accommodate this meteoric rise in bitcoin, and have you been doubling down on your investment in bitcoin? >> so we've just been hod, if it does that, it has to have a market cap of 9 trillion, so we think that prices bitcoin, it could price one day at $500,000 at bitcoin, so $18,000 bitcoin, it's a hold or at least if you don't have any, it's a buy opportunity because we think there's a 25 x from here >> 500,000 within the next decade, that means that bitcoin would appreciate about 45 times from where it