We begin this morning with President Trumps efforts to reverse the results of the president ial election. Mr. Trump fired the top cyber official after the agency he has rejected the allegations of voter fraud. Joe biden is building out his white house staff as the Trump Administration continues to block his move into office. From washington, what is on tap for mr. Biden today . President elect joe biden is going to be meeting in a virtual round table with Frontline Health care workers. Hes pushing forward despite President Trump continuing to falsely claim hes won the election. Two weeks after election day, supporters of President Trump cheered on the president in pennsylvania. I want to help support the president and what hes doing and make sure all the legal votes get counted. President trump lost pennsylvania to joe biden by more than 80,000 votes. The legal effort led by Rudy Giuliani is a long shot. Every single legal vote has been upheld in every piece of litigation so far. Last
How to get through this. Its been an extraordinary outcome. One i could have never perceived could happen in march when we were scrambling for ppp loans, the majority of my companies were cash flow negative we shut down retail, until we went through this extraordinary transformation we would have never shut down our headquarters we would have never assumed that we could make a pivot and start selling direct to our customers instead of through retail. Thats exactly what happened and when you sell something direct to a customer, you make almost 100 cents on the dollar versus 0. 50 when you sell through retail thats the reason that theres a massive digital pivot going on, and theres major cost savings also occurring i could have never foreseen this, 15 of my staff including the areas of accounting, logistics and compliance never want to come back to the office. Wow. Theyre raising kids at home in the suburbs, taking care of elderly parents. Another major savings. This is happening to ever
What amazons new move could mean for drug prices. From People Magazines new sexiest man alive to the peoples choice to replace alex trebek on jeopardy to this massive flock of flamingos on the move. All the trending stories for your wednesday morning. Good wednesday morning, everyone. We begin with several stories breaking overnight. President trump has fired his top cybersecurity official who denied there was any fraud during the election and now another Homeland Security official is resigning. In the meantime, a new setback for the Trump Campaign just as Rudy Giuliani takes over legal efforts to overturn the Election Results. President elect joe biden is still being shut out from the transition process even as the white house moves forward with plans to withdraw troops from afghanistan and iraq. And the pandemic is raging out of control with daily deaths now hitting the highest level since may. But we begin with that highlevel firing in washington. This morning, President Trumps top
Good evening, im andre senior. And im cristina rendon. We have more on how people are hurrying to beat the lockdown. Yeah, cristina. In most places, they have one more day, but salons are busy, and people are getting that last sitdown meal. An order that is intended to keep people in ironically, drive them out. Shopping on saturday night in alameda. Busy, and not just because christmas is 20 days away. The copping covid order is go ting to cut capacity for retailers, so soon there maybe delays at front doors. Hey, lets go out and do as much shopping as we can. Christmas is near. You cant leave without Christmas Gifts for the kids this year. There was no lean to get in, but now theres a long line to get in. I think it will be an adjustment, not being able to socialize and be as friendly. Reporter this 19yearold is aware from now on she is only supposed to see the people she lives with. This meal with roommates feels like farewell, as Outdoor Dining ends, leave only delivery or takeout o
S p by 11, nasdaq up by about 42 there were a few areas of the market yesterday that continued to outperform including the small caps russell 2000 coming off an alltime intra day high. And then there is the khodow trs trading at a record high and right now it looks like the ten year is yielding just about 0. 8 the transports a lot of times, they are an early indicator of what is to come, but maybe more difficult to glean what is happening this time given the overall virus situation. Yeah, it is and it is really not things Like Airlines so much driving the transports actually fedex and u. P. S. Are arguably kind of stayathome plays and they are also big components of the transports so really just kind of gone sideways in the last day or so, not much of a pullback just yet. So well very to see how that develops and in this context especially with the White House Task force painting a bleak picture on the near term outlook. The most recent report warns that there is, quote, now aggressive