Its monday, november 16, 2020, this is the cbs morning news. We begin with 11 million cases. The u. S. Reaches a grim milestone in the coronavirus pandemic which is surging in nearly every single state. Over the last week, the u. S. Recorded over 1 million cases, including a recordbreaking 177,000 on friday. Hospitalizations are also at an alltime high. Meanwhile, more states are announcing new restrictions to curb the outbreak. Reporter new covid infections are skyrocketing across the country. Icus and morgues at capacity, mobile units deployed in texas. A new crackdown as americans battle pandemic fatigue. We need to hold this pandemic down until the cavalry arrives. Reporter Washington Governor Jay Inslee ordered restaurants, gyms and other businesses to seize indoor operations starting tomorrow night. Also beginning on monday, the hardhit Navajo Nation will restrict stayathome orders. Well do everything in our power to keep our people safe. Reporter hospitalizations across country
Italy lays out fresh plans to halt the spread. Angela merkel urges people to follow the rules. Benefits from volatility, joining european peers posting lowerthanexpected bad loan provisions. A bullish tone with the numbers. Bottomshould look at the line. It stands at 2 versus a year ago. Look at nine months. It basically is ahead of the target we gave for the full year 2020. Headline. The red the savior, guess what it is . Ficc. Fixed income commodity and currency. 36 . Ng rises by it has beaten the estimates out there. Looks like ann marie, lets provision, very much less provisions. 1. 2 billion euros over what we had anticipated. What else have we got . You have the net numbers. That thirdquarter revenue surpassing the one billion euro estimate. Quite a beat. They are bouncing back more quickly than a lot of french peers on equity derivatives. The equity trading revenue rose more than 21 . That beach the highest estimate. Some good numbers coming through. The other big story, we have
Or your phone, our app on the phone to see the temperature, subtract about 3 to 6 degrees from that. Thats what the windchill will feel like. This afternoon, how about low to mid 60s from the coast to our inland neighborhoods. Lets get the news on this thanksgiving. Heres kumasi. Good morning, by day for staff and volunteers here at glide. Volunteers are busy setting up tables and putting up signs. The tables are set up to allow for social distancing, aside from those few changes it will be the same glide thanksgiving meal that thousands demand on each year. Glide has continued to serve food three meals a day since the start of the pandemic. That has not stopped. Organizers say there was never a doubt they would do thanksgiving, the issue was how. So moving the event outdoors solved that problem. Thankfully no rain. They plan to serve 2,300 meals. One of the organizers says because of covid19 this years thanksgiving brunch is even more necessary. Covid is affecting all of us, but its a
Four days of losses is about to become five. Are down 7. 5 over the previous four days. Cross assets, we look like this. A bid into the bond market briefly in treasuries. It did not stick. It was a treasury market selloff. This morning, it is about yen strength. Dollaryen coming down on 0. 3 . Again. Rude is down 0. 9 mark wheret is that you have these massive producing countries like russia and saudi starting to worry. These are very hard prices to deal with when you try to balance your books. It all comes back to demand. Everything is about demand right now. When you have france and germany going into lockdown, that does not bode well. Euroyen is striking me this morning. I feel that for the first time it is acting like a haven. It is her membrane what it is supposed to do. Jonathan a bit of yen strength. Chancellor merkel giving a wakeup call to her fellow eu leaders. They failed to act quickly stop the pandemic. For more, our western europe managing editor joins us. Walk us through
Nominate janet yellen to his treasury secretary. She would become the first woman to hold the position. Janet yellen has pushed for more fiscal spending during the pandemic. Credentials could covid passports restart International Travel . We will discuss the latest strategy with its ceo this afternoon, and before then, we are joined by the chief executive of the dutch flag carrier. Do not miss that conversation. It is 6 00 a. M. In london and 7 00 a. M. In zurich. A little bit of breaking news on novartis and we will come back to that in a moment but there is a Share Buyback of up to 2. 5 billion. So we will touch on that in a moment but i think we are in this momentum and we have almost got this goldilocks between a vaccineon starting, narrative, and janet yellen did not get Elizabeth Warren so thats probably part of the cheer on the streets. Certainly. I think wall street will embrace it but also the progressives will embrace her but with this pick which is historic, the first female