The bishop of brooklyn praised the ruling saying, im gratified be the decision by the United States Supreme Court who have recognized the clear First Amendment violation and urgent need for relief. Im proud to be leading the Diocese Of Brooklyn and fighting for our sacred and constitutional right to worship. Lets go to the Justice Department. David is live with more. Happy thanksgiving. This ruling came down before midnight and the implications will last for decades long after covid19s in the history books. Its a win for religious freedom and amy barrett, a month already feeling her fate on a career that could span for decades. She was the key swing vote here, a 5vote in favor of the conservatives. John roberts known to be a devout catholic sided with the liberal wing of the court on this decision. The majority, the conservatives decided that this was something that needed to be done so this is how they ruled. Andrew cuomo announced various restrictions on gatherings as a way to hold t
Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Hospitalizations across the country. We unfortunately are seeing this daily average of over a thousand deaths per day. You know what, youve heard a lot of people say this over and over again. I think the overarching theme that i want to share, we should not be normalizing with these numbers. Imagine three boeing 747s crashing every single day. Thats what were looking a right now. In california, a majority of the state rolled back in those tiers. Theres a lot more purple where before, there was red and yellow. I want to get into what that means in a home. Right now, good news and bad news on the vaccines. Good news, pfizer announced its vaccine is even more effective than they said earlier and it might apply for fda approval sooner rather than later. Tell us more. Pfizer and moderna have effectivity rates above 90 pmpltz were hitting 94, which is way better than we anticipated. Health officials were saying theyd be happy with anything above 70 . The way these trials work is people are g
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 companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets 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 phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye