Proud to be american. President elect joe biden. Unveils his new team and pledges to restore the United States position as a world leader. And the perils of protesting in cuba activists go on a Hunger Strike in protest against an increase in government detentions well over one after nearly 3 weeks of fighting the deadline, imposed by the Ethiopian Government for to Ground Forces to surrender is going to expire later on. Wednesday the federal armies and circle to go its capital mackellar and its threatening the use of artillery on the city of 500000. People to train leaders deny the claims that they have actually begun surrendering well here appears that Prime Minister abu ahmed is asking the International Community not to interfere in this conflict. He says, while he appreciate its the interest to assist involvement in the conflict must be done in accordance with international law. And that means countries should stand by until the government submit a request for assistance to the Inte
To work our way through. Let me start with the Michigan Consumer sentiment index. Headline number coming through at 76 point nine, broadly in line with expectations of 77. Current conditions at 87, i had of expectations. At 75. Tions youve got the difficult situation i think the consumer has got to figure out. Do i worry about the here and now and worry about the impact the virus is going to have over the next weeks and months, or do i think about what the vaccine is ultimately going to deliver . Like the markets, i think the consumer is probably having to balance those factors out. Kailey i want to point out housing data as well. The Housing Market has been particularly strong. That does continue. A pace of 909,000, versus the estimate of 975,000. We are getting october personal spending data, and for more on that as Bloomberg International economics and policy correspondent Michael Mckee to break it all down for us. Michael michael it is may the most important number of a lot of numb
Upside. Looking at commodities. Crude moving to the upside. A big move to the downside with , on the vaccine and signs of Economic Growth in the u. S. Particularly helping people not to look for havens or avoid havens, get out of them. Gold down half of 1 . Bitcoin surging up again, it has above 18,500. Juliette lets get the first word news. The head of the u. S. Government Coronavirus Vaccine program says results of trials by astrazeneca show encouraging signs it may help block the most severe cases. No one given the vaccine developed severe covid, while 16 people on the placebo debt. He called the results excited. Nine, reports 70 process astrazeneca report 70 success. The centers for Disease Control a model shows weekly u. S. Cases and deaths rising every week for at least the next month. Italy is the Second European nation to report 50,000 total fatalities. The u. K. Is extending lockdown next week in favor of even tougher regional curbs. Reports from washington say the Trump Admin
L. F. Is adamant that i mean, ive lost all china launches an unmanned spacecraft to the moon and aims to bring back walks for blueness office and all the sports captain. He has been left out of the cattle and they get ready to face the animal key if i can. Following weeks of delay and uncertainty, u. S. President elect, joe biden has now formally begun his transition to the white house, the head of the General Services administration. As designated by the apparent winner of this months president ial election, that clears the way for the transition to get underway. Donald trump, who has refused to concede defeat or the rise to his administration to a new, she ate the process. Hes vowed to keep up the fight though, insisting without evidence that the election was quote, corrupt by this team is welcome, the move, which frees up millions of dollars for his new administration. It could now work with federal officials on a coronavirus response, as well as National Security strategy. Not a se
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