Wednesday. Feels like a friday on after the bell. Lets look at the news thats happening at this hour. Team coverage with more on the markets. Hillary vaughn, covering the president elect. Lets start with you, the day before thanksgiving. What are we seeing . We are seeing a retreat partially for the s p. The dow transports, all retreating from record highs but the dow closing at 29872 on track for november since 1928. Youve got to go back really far. The nasdaq, first, record close september. 12,000 94. The first force was this rotation weve seen for the week out of tech to cyclicals that reversed today. Energy was your worst performer and tech was your second best performer. The second we noticed is the Economic Data that poured in this morning. That was a reality for many investors. Jobless claims rose for two weeks in a row. The First Time Since july, 778,000 americans filing for firsttime unemployment benefits. Claims rose the most in states where infections also rose the most. Min
100000000 people in 4 months. Germany is going into lockdown again as it imposes more covert 19 instructions after cutting measures fail to reduce infections. And fears over missing students after gunmen attacked a school in Northern Nigeria by the families blame the government. British an e. U. Leaders say braggs it talks are going to go on even though negotiators havent reached a deal sunday is supposed to be the deadline for the deal but both sides have been meeting again the head of the e. U. Commission most of all the lay in the says that osce told topics that deserve more discussion. Despite the exhaustion after almost one year of negotiations and despite the fact that deadlines have been missed over and over we both think that it is responsible at this point in time to go the extra mile. We have accordingly mandated our negotiators to continue the taffs and to see whether no reach an agreement can be reached even at this late stage while so far there have been several sticking p
Against their government protesters in pakistan demand the Prime Minister and his cabinet step down. But it should be e. U. Leaders say breaks it talks will go on abandoning a selfimposed deadline for a trade deal ahead of the e. U. Commission us live on the lane says both sides agreed in a crisis call to go the extra mile saying some topics deserve more discussion. Despite the exhaustion after almost one year of negotiations and despite the fact that that lines have been missed over and over we both think that it is responsible at this point in time to go the extra mile. We have accordingly mandated our negotiators to continue the taffs and to see whether no reach an agreement can be reached even at this late stage. Well there have been several sticking points including access by french fishing boats to british waters theres also the socalled level Playing Field which is ensuring fair and open competition now if the 2 sides dont reach an agreement by december 31st there will be border
Good afternoon. President elect biden and i just met with some of our nations business and union leaders. Together they represent millions of workers across our country. And some of americas leading technology, auto and retail companies. We had an important conversation about the impact that this pandemic has had on workers. Especially essential workers, frontline workers, who have risked their own health and the health of their families and many whom have given their own lives to keep us safe and keep our economy running. And we all know that this pandemic and this recession have hit communities of color particularly hard. Black americans and latinos are threetimes as likely to contract covid as others and more likely to die. Native americans are more than four times as likely to be hospitalized as others. And last month, the Unemployment Rate for black americans was almost twice the rate of others. And we have also had a conversation about the impact this pandemic has had on our econ
The year dow is set for a record close, approaching 30,000 with 59 minutes left of trade. Up 1 2 on the dow sara 29,830 currently. Coming up todays show, we are waiting president elect biden to make some comments on the economy. His economic plan that should come any minute. We will take you there live. In the meantime, a rare interview with operation warp speeds dr. Slaoui he will weigh in on the moderna news and what the rollout will look like. Plus the positive vaccine theus with mark moabious his eye on emerging markets. And mike wilson saying next year will be all about earnings we will discuss with Morgan Stanleys chief u. S. Equity specialist mike santoli joins us. Meg tirrell has the latest on covid19 news. Eamon javers will go over president elect biden speech on the economy when we get there. Lets start with mike santoli. We below on the s p 500 where we were this morning, by about a third of a percent below last monday mornings high about a third of a percent but looking at