To president elect biden Energy Continues a monster move higher the oil and gas etf up 13 in the last two days. Despite the steady increase in covid cases vaccine developments are continuing to help the likes of the airlines, cruise stocks, retail all surging higher today as we cross that 30,000 level once again, to check it we are still above it will we say that 59 minutes left to trade. 29 points above it. On todays show, two voices to help explain the dows record rise in just a few minutes Jeremy Siegel will join us and later Liz Ann Saunders plus former testry secretary jack lew will discuss president elect biden pick of janet yellen to lead his treasury administration. Lets get the latest from wall street mike santoli is tracking the action to led us to dow 30k. Certainly the story today because of that big round number i am going to keep it consistent, though, and take a fwlims at the s p 500. Similar look in every respect in terms of getting back up pretty much to an alltime hig
First wave of the coronavirus pandemic. Austria is doing well as well. Are seeing the dollar at levels that we have not seen for Something Like two years. The falls in the dollar taking place overnight. Yenre seeing the japanese clamber up as well, reaching the 104 level. 103 yen. Terry gou. That is the current position. Kong is declining just a fraction at the moment. That is where we are without one. That is where markets are standing. Haslinda. Lets get back to our top story. President trump has attacked the credibility of the election, challenging counts and nevada, pennsylvania, georgia, and michigan. Speaking at the white house, the president made several claims and said that the election is being stolen from him. We will not allow the corruption to still this election or any election in that matter. We cannot allow anyone to silence our voters. Haslinda joe biden is urging patience and saying that he is no doubt heading to victory, in an election that hinges on seven states. Mr.
Given access to voting locations. A review of ballots counted while his team were not president. The president saying he would sue to prevent the election from being stolen. The u. S. Has officially left the Paris Climate Accord, even with the full Election Results still unclear. President trump initiating the process a year ago. The exit took effect wednesday. Trump would be likely to spend a second term promoting fossil fuels and rolling back environmental regulations. Joe biden will rejoin the Paris Agreement immediately if he wins. In the u. K. , the house of commons voted in favor for a new lockdown in england. That as reported Coronavirus Infections continue to search. All nonessential businesses, venues, and stores will close until the second of december. The u. K. Has europes highest number of deaths at more than 47,000. Boris johnson warned of a mortality on a previous scale. Thats a look at the first word headlines. No problem, equity markets are on the up. Asia tracking the
What it is, and why it is wreaking so much havoc for social media companies. And it is halloween eve. Night. Iller, but triller we will have the executive chair of the social media platform sued by tiktok. Those stories in a moment. Also this hour, we will be speaking with the ceo of overstock. Com on supply Chain Technology ahead of the busy retail season going into the holidays. Later, i will have an interview with the ceo of blue apron, which reported results yesterday. Dropping, u. S. Stocks capping their biggest weekly route since march after tech earnings disappointed investors concerned the slowing economy will dampen assets. Lets get to Abigail Doolittle in new york. It was a crazy week just ahead of the election. Walk us through your roundup. Abigail yes, it was a crazy week, a wild week. Two down weeks. That is another piece of the story that the bears have been at it last part of this month. The nasdaq today not surprisingly with the text selling that you were alluding to re
Investors see less chance of new regulations, equity futures writing rising in tokyo and hong kong. In china tries to reassure the Business World that it is open to trade. Concern of the moran sealer approach. Shery breaking out of south korea. We are getting the currentaccount surplus in south korea for the month of september, widening to 10. 21 billion. We had seen a previous surplus at around 6. 5 billion. This has widened to over 10 billion. The goods surplus coming in at above 12 billion. We have seen continued surplus for the current account in south korea. Consecutivee a five months surplus, not to mention exports in october contracted a little, but in september they rose for the first time in seven months. South koreag pmi in so weoday twoyear high, are getting a widening of the surplus. Haidi pcb numbers crossing the bloomberg, betterthanexpected, eating the analyst estimates on the bloomberg, Third Quarter 1ome coming it at just billion, better expectations than 850 million.