Years. That is the best month of the year, im connell mcshane. This is the closing bell. Time for news of the hour. Jackie deangelis in new york, blake burman in white house, Hillary Vaughn with the president elect in delaware and Edward Lawrence in washington with the latest on the covid19 relief deal. A lot of moving parts well get into. The market is back in rally mode. Good afternoon, jackie. Reporter good afternoon, connell. Well talk about the records we set today with the s p 500 and also the nasdaq. Look at the gains there we beat what we were expecting handily. You only needed 16 points on the s p and only needed seven on the nasdaq. This was a strong broad based rally today what is interesting big tech continues to gain on this momentum and continues to go higher from there. Facebook, apples, amazon, microsofts of the world are continuing to climb up. That is something you expect to hear. Again it wasnt just tech, it was broadbased. Look at the dow winners you can see we have
Partnership with the new england journal of massachusetts. Here we are days away from the close of 2020 and we are at an inflection point. While the news around vaccines are promising the daytoday headlines are as grim as they have ever been. An american is dying of covid19 every 90 seconds and we have recorded 4 million new covid19 cases in november and more than 1 million cases in december just nine days into this month. Covid19 has just passed Heart Disease as the number one killer of americans. As of this morning more than 286,000 americans have died due to covid19 and in just one day, just one day yesterday, we lost 2600 of our fellow americans to covid19. To put those numbers into context we are experiencing a tragedy on the scale of pearl harbor every single day, right here at home. From an Economic Security standpoint we are facing the greatest threat to Value Creation since world war ii. If there were ever any doubt about the seriousness of this virus these facts should cast t
Work and no relief in sight. Speaking of relief, the top democrat in the Senate Chuck Schumer has republican Majority Leader Mitch Mcconnell agreed the rekindle talks about a stimulus package the senate is on recess through next week. We will speak with Colorado Governor Jared Polis who just moved 15 counties including denver into level red restrictions he is also part of a group of governors speaking with president elect biden this weekend. Plus we will talk with the ceo of the National Association of manufacturers who is working with bidens team to help fight the pandemic today we have with us mike santoli, steer liesman mike, the broader markets are well off the lows as we speak. They are. Kind of a little bit of an aimless back and forth type day. Absorbed a little bit of a morning selloff. Didnt do any real damage it has been firmly bid, especially with son of the bigger nasdaq stocks coming back. Holding the indexes together relatively well. As we speak, the s p around 3,580. Tha
It seems investors once again looking past the difficult months that may be ahead. Pricing forwards month statements are nine months ahead hoping we get past the virus. There could be difficult time ahead but this week you will not know it. David i should say. Thank you to Abigail Doolittle for that report on the markets. Overnight we were reminded of the complexities of the u. S. China relationship as a Foreign Ministry spokesman congratulated Vice President biden even as the trumpet ministration was bidding u. S. Investments in unspecified Chinese Company they say is tied to the chinese army. Richard haass published a Foreign Affairs piece called repairing the world in which he lays out the issues that will be in President Bidens inbox the day he walks into the oval office. Welcome. Great to have you with us. China is in the inbox but is not the first thing. The first thing is covid19. Richard i agree. China is in the inbox and will be for president as for the eye can see your the br
National institute of allergy directortious diseases dr. Anthony fauci and National Institutes of Health Director dr. Frances collins took part in a discussion at Washington National cathedral on the and the us response progress of a vaccine by the end of the year. And welcome to, Washington National cathedral. I am the dean of the cathedral. On behalf of the bishop of the diocese of washington and all of us who serve in his cathedral, welcome. We are so glad you have decided to join us for this important conversation this evening. Convening conversations and bringing people together to discuss some of the most important issues of the day is one of [indiscernible] priorities. And paul8 the Nancy Ignatius program has given his to focus on many important issues, issues that sit at the intersection of faith and public life. The nancy and Paul Ignatius program fund was established by children, their friends, and other relatives, as srecognition of nan and paul service and commitment to Was