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Comes to the coronavirus adding more than 150,000 new cases on thursday alone President Trump is expected to give an update on operation warp speed in just about an hour. We will take it for you live 59 minutes left to go in what has been wilfred a wild week of trading of one that is higher. Higher for the week higher today as well up 1. 3 on the dow coming up on todays show we will speak with chicago mayor lorie light about her lockdown advisory and the potential economic fallout as cases surge in the state of illinois plus it has been a big welcome back for the bank stocks with the kbw bank stocks up 10 the ceo of kbw will join us to discuss whether there is more upside ahead for the sector. First the big stories. Mike santoli is tracking the market meg tirrells that latest on treelts and vaccines as we await an update from the president and Steve Liesman is looking at the ....
His tweet is flagged as misinformation if you dunt tcount the illeg votes, the ones that came in late, they are trying to steal the election jay powell says the current economic downturn is the most severe of our lifetimes. Sure, i think that there are plenty of people on capitol hill who on both sides of the aisle who see a need for further fiscal action and understand perfectly why that might be the case and the wall street rally continues. The swiss luxury giant says online sales are recovering after 82 drop in net profit well, the u. S. Election is inching toward a final result as votes continue to be counted in several crucial battleground states across the country. At this moment, democratic candidate joe biden is ahead of President Trump in the key Electoral College tally, 253 to 214, that is according to nbc news projections 270 votes are needed to win. The tighte ....
Ive got to go to the pandemic and the fold in to our foundations of this coming quarter, our foundations to 2021. Youve got to comment on what the eu saidd yesterday. Jonathan a call for more fiscal stimulus across the continent as well. Christine lagarde pretty clear about what she wants to do in december. The colder it gets, the harder it gets in europe. Cases are going up. More restrictions are coming on. Big question for the United States, whats next the deeper we get into winter . Tom weve gone back and forth this morning with differences of opinion. It is a movable feast. I would say that the one item this item as the president adjusts his plans for what he will do Election Night because of the pandemic. He had plans to go to his hotel. He will not. The rumor is he will stay at the white house. Jonathan according to open what the new york times. According to the new york ....
1. 8 trillion. And jobless claims disappointed the street coming in at 898,000. It was the highest rating since mid august. Rising coronavirus cases in europe and the u. S. Affecting sentiment. 59 minutes left of trade down only 23 on the dow. The european measures definitely weighed on european markets. We have improved since the european close coming up, we will speak with gregg lemkau about how the pandemic changed the m a landscape. Plus the ceo of zoom will talk about the companys efforts to branch out beyond video meetings and the stocks run thissier. Fir mike, lets start with you the Broader Markets well off the session lows. A resilient showing throughout the last few years. You mentioned the market lows in the u. S. Were just before the european close perhaps that was one of the bigger pressure points, the overseas action. Where it has taken us though is really hasnt disturbed much of the trend. This is this area. Last we ....
And see where they stand creeping up. Over the seven handle at. 713. Well see what kind of core relation that may have with the equities market. Melissa, welcome to the club this morning it is great to be here and start the morning with you guys. I say that with a hint of sa sarkasm. Shes a regular you are ready to play. Always, you got to bring it each time. No i in team. Theres only a me upgrading laura overnight and learned it is rapidly intensifying and bracing for great winds. A category 4 with winds of 130 miles an hour. More than half a Million People have been ordered to evacuate from these areas 84 of off shore gulf production has been shut in compared to 90 in katrina not only is this having an impact on Oil Productions and industries from this storm that could impact tonight salesforce shares soaring after the ....