Blocking the commonsense multihundred billion dollars measure that republicans have been ready to deliver for months. Now come first, all of my colleagues had a fine a fine thanksgiving well know that across the country we celebrated a thanksgiving, all of us, every american, unlike any in recent memory. Too many loved ones spent this holiday alone unable to join with loved ones out of concern for their safety. As painful as it is to refrain from seeing family and friends, these are tough choices that we sometimes have to make it and we need to maintain a result more than ever while the hope of a vaccine shimmers on the near horizon, were living through the worst stretch of the pandemic right now. Last friday for the first time over 200,000 new cases of government were reported in ina single day. The United States is averaging over 1 million new cases a week. Some 20 of of all patients now hospitalized in the United States have covid19. The worst andpa most unalterable part of this pan
Rally has fed into crude. Propelled thates price. People look beyond the covid to a look beyond to a returned to normal. Gold pretty much stable appeared bitcoin at record highs. Up about two thirds of 1 . We have a u. S. Dollar index unchanged. Lets have a look at the copper price. Copper advancing. The highest price and a more than six years. It is under president elect joe bidens formal transition. The hope is there will be a move toward a Lower Carbon Energy future. That britain the outlook for its demand. As has what is going on in china up. Joining in all of that. Lets have a look at the transition in more detail as we get over to new york and join Karina Mitchell for the first word news. Introduced biden has his foreignpolicy and Security Experts as he seeks to calm relations with International Friends and foes. The president elect is promising a multilateral approach, reversing the America First tragedy of the Trump Administration. He will prioritize ending damaging executive o
Classes. Pricee the new york crude under pressure. We have this key meeting taking place of opec plus today and tomorrow. The gold price at the moment is showing weakness. Buy yourself finance. Bitcoin is erasing some of the 9 . Es by going up nearly lets look at the other first word news headlines. Lets join karina mitchell. Karina bloomberg has learned readingna the latest on chinas economy shows recovery is getting momentum. Manufacturing and services, pmi data both beat estimations. In aty performance came 52. 1. The economy is gaining strength despite sporadic epics of covid19. Bloomberg has learned chinese regulatory officials have said that the chances of jack mas stockoup revising its are looking slim. They are still reviewing changes needed to appease regulators. An additional delay would be a setback for ma. Has big dollars the fight to overturn his election will not reach the supreme court. He told fox it is hard to send a case there and he probably wont succeed. He rehashed
Decision to extend federal funding past the december 11 deadline to avoid a Government Shutdown. Your watching live Senate Coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Bay black, will open the senate with prayer. The chaplain let us pray. Almighty god, who in your wisdom has so ordered our earthly lives that we must walk by faith and not by sight, increase our trust in your sovereign care. Remind our lawmakers that no problem is too difficult for you to solve. Lord, give our senators a faith th triumphs over despair, love that triumphs over hate, and courage that triumphs over faintheartedness. Empower them to be bold participants rather than timid spectators in meeting the daunting challenges of these times. We we pray in our powerful name, amen. The president pro tempore please join me in the pledge of allegiance. I edge allegiance to the fla of the United States of erica, and to the republic for which it stands, one nation under
Thank you had Industrial Production numbers as well and investment rose faster than expected. Oil demand is suffering a fresh blow from a resurgent of the pandemic keeping frustration on opec members as they prepared to meet this week. It is 8 00 a. M. Across the emirates. Got quite a rally. Futures. E, u. S. Equity not a lot of Economic Data expected in the coming days. A lot of the focus is going to be on the raging impact of the coronavirus not just in the United States but beyond. Percent higher. Morgan stanley joining Goldman Sachs in pinning a positive outlook for equities. Their base case for it to reach 3900 by the end of 2021. 10yearyearolds yields at a dip it gave it a few goes. Fews going to go be a pesky trading sessions. Bowe bergdahl are down. 25 percent. This new trade deal adds to negative dollar sentiment. 1 as we countby down to the meeting. Gathering sion it is not a policy what is underway in the markets over there. We are seeing an 11 session of gains with the Msci