Im sandra smith. Hi, trace. Trace good morning, everyone. Im trace gallagher. Loeffler hammered home her opponent is a radical liberal. Warnock side stepped questions about Defunding Police and court packing. Democrat jon ossoff appeared alone on the debate stage after senator david perdue opted not to take part. Sandra President Trump rallied for loeffler and perdue over the weekend urging his supporters to turn out in droves. President trump if you dont vote, the socialists and communists win. They win. Georgia patriots must show up and vote for these two incredible people. Sandra fox team coverage. Brandnew analysis from byron york. We begin with Jonathan Serrie live in decat you are, georgia, this morning. Last nights event drew a national audience. How did it influence the debates . Good morning. Good morning, sandra. Both candidates were keenly aware that much of their attention and much of their financial backing is coming from out of state and so this debate focused largely on
January of 1987. Its best november since 1928. Now for the s p a broader measure of the market, the best november ever. The nasdaqs best november in 18 years. A lot of that with vaccine optimism driving the day, contributing to many gains we saw throughout the month. Even today moderna surging on news it will submit its covid19 vaccine for fda approval. Have a rough day to some extent. Great month for stocks. Im connell mcshane. Welcome to after the bell. Great to have you with us on a monday. Time for news happening this hour. The Fox Team Coverage with blake burman at the white house. He has the latest on a vaccine. Jackie deangelis in the newsroom with a new warning from dr. Birx. Chad pergram awaiting on stimulus and peter doocy with joe biden from wilmington, delaware. Jackie, start with you. Reporter connell, tsa said 1. 1 million travelers flew on sunday after thanksgiving. That is key because it is the highest number since march when the pandemic began. The cdc said dont travel
Minutes northeast of us if you were driving over to the airport. The former Vice President set to hold a drivein event in the next hour. Well be watching that as well. This state, this could very well be the state that decides the election. Well have you covered in pennsylvania for the next couple days. Lets get to our top stories on this monday. Fox Business Team coverage. Lauren simonetti watching the markets for us. Blake burman at the white house. Hillary vaughn in pittsburgh. First the markets on the election eve. Lauren . Lauren also the first trading day of november. It is just the second up day for the dow in the last seven but well take it. 422 points in the green. The s p is rebounding after its worst week since march. The big rally that we had this morning was juiced by the strongest manufacturing data in over two years. It faded and then it came back right at the close. We did see a rotation out of those big megacap tech stocks. Even some popular work at home plays whether
Market action. Blake burman doing sorting of his own at the white house. Edward lawrence with the fed in a few minutes from washington. Like, to you. Reporter we heard from the commission that oversees the president ial debate, next debate one would be virtual debate. President trump reacted instantly, no, no will not take any part in that whatsoever. Instead his campaign is saying they would like to see the debate happen on october 22nd. Which was supposed to be the last debate and one on october 29th. The Biden Campaign came out said theyre good with the 22nd. That was on the calendar to begin with but they do not believe President Trump can unilaterally dictate the debate schedule after that. That is where we stand. Here is how both candidates reacted today. President trump i dont want to do a virtual debate. A virtual debate is a joke. Im in great shape. Unlike joe i dont have the luxury staying in a basement all day long. I have to run the country. We dont know what the president
Why not, with the latest. Reporter why not. You heard it there, zero Interest Rates basically until through 2023. The Federal Reserve in their Committee Statement saying that they will maintain the accommodative stance until monetary policy, until their goals are achieved in the monetary policy. The Federal Reserve aims to have inflation moderately above 2 . To reach the two target a period of time. This is what chairman jay powell said what is moderate and for how long. Listen. We want to achieve inflation that averages 2 over time and if we do that, Inflation Expectations will be right at 2 and that will help us achieve 2 inflation over time and avoid the situation where the central bank loses its ability to support the economy. Reporter he would not define what moderate was, for how long. Powell fiercely defended Forward Guidance on rates being zero. The fed also made their economic projections, they revised it up. Unemployment rate 7. 6 . 9. 6 in june they thought. End of this year