The nasdaq holds in the green up by a quarter of 1 for the week and all week long stimulus uncertainty has been hanging over this market and on that point the president elect joe biden is meeting this afternoon, nancy pelosi and Chuck Schumer, we will have more on that in the other meeting that were going to watch very closely this hour, President Trump has invited a group of state legislators from michigan into the white house. I am connell mcshane, welcomed after the bell we have a lot going on in his time to get straight to the news happening at this hour. Lauren simonetti, blake burman and Hillary Bonner standing by to cover the news, we start with you lauren on the latest figures on the virus, what are we seeing . Their moving in the wrong direction, the grid numbers coast to coast, new u. S. Pieces topping 100,000 for 17 days in a row and over the past week the u. S. Is averaging 166,000, new cases a day, this is happening right before the holidays with families gathered together
The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the e
Minutes of trading. President trump about to address supporters at a Campaign Rally in california which is about four hours north from where we are in miami, his opponent joe biden is in another battleground state pitching the Healthcare Plan to voters in michigan. We have fox Business Team coverage of her top stories with blake burman standing by the white house, we start today with jacqui deangelis and the new york newsroom as we wrap up with a volatile week on wall street. Good afternoon connell, two out of three bad of what weve seen weve seen three Straight Days of losses for the dow was positive for the week and you mention the retail sales, t 2 jump, the optimism was important because it speaks to the consumer, also you have vaccine optimism weighing over the stimulus pessimism in the dow roughly 3 below its record closing high back in february, its pretty remarkable when you think about that. Today was industrial stock, the healthcare stock that led the way were so used to focu
202140 upon competition. Tips and more information on how to get started at a website, student cam. Org. The house Small Business subcommittee held a hearing on the Paycheck Protection Program also known as ppe. Small Business Owners testified about their experiences applying for ppe loan forgiveness. An excellent how this process could be confusing. We are meeting today to conduct an important hearing onl the Small Business administration Paycheck Protection Program or ppe. Specifically, a review of the loan forgiveness process. I want to thank each of the witnesses for their testimonies today. In the pastovas several months s committee has held numerous hearings on ppe. We have heard from borrowers and lenders about the challenges they face. Ive also traveled across counties in new jersey to speak with Business Owners about how e they fared during this pandem. And for some of them discuss the challenges they face with the ppe. In uncertainty about the futureo holds. Borrowers to even
Can you explain how you see us rounding the corner based upon the projection . If i did not close up our country, if i did not stop china highly infected from coming in, for did not stop europe from coming in far sooner than anybody else including dr. Fauci and others wanted to in dr. Fauci was very nice. He said President Trump made a great decision, we would have far more than that. But maybe even more importantly if i did not close up instead of the number that you mentioned or whatever it may be about 180, we would have one and a half or 2 Million Deaths right now if i went a different direction which some people wanted me too do and i decided not to do it. Now a lot of countries dont report their deaths, obviously chinas nonreporting because they had far more than we did, china had far more than we did, thats just my opinion but they do not report their deaths or report them accurately and i dont want to embarrass other countries but i can tell you there are other countries where