Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
Volume of traffic and notice the low clouds in this shot that getting across the bridge the low clouds have hit the bridge there and the fog is an issue for the rich mamond san rafael bridge. All have fog advisory from chp and a possible crash near the toll plaza and well track that off the berkeley curve and dense fog through the trivalley a major issue for drivers. Back to you. All right, thank you very much, mike. So, lets check in with bob redell for more on the breaking news overnight. This is were talking about a third player just announcing some promising results with its vaccine this morning, bob. Correct, marcus and laura. Astrazeneca and the university of oxford announced their vaccine is safe and is triggering an immuno response in all adults. This is according to preliminary results from a phase two trial that was published in the medical journal. You have pfizer and biontech and they found they are 95 effective. That is higher than initial results suggested. The companys p
We will get your thoughts on what grade you would give your governor on this pandemic, but lets begin with south dakotas governor. Take a look at the state. This is from nbc news. A 19 increase over the past two weeks. Here is republican south dakota governor kristi noem defending her approach. [video clip] across the country and around the globe, cases are increasing. Over the past week, cases are on the rise in 48 states. Some have said that my refusal to mandate masks is the reason why our cases are rising here in the state of south dakota. That is not true. Others have said that my refusal to advance harsh restrictions like lockdowns is another one of the reasons why our cases are rising, and that is also not true. There are 41 states that have some kind of a mask mandate. Cases are on the rise in 39 of those 41 states. Some in the media are saying that south dakota is the worst in the world right now. That is absolutely false. I would encourage you to look at the Johns Hopkins cor
Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
Is theail sales number only surprise i suppose. Juliette that is quite interesting given this had been this consumer driven recovery and the positive numbers we have seen and domestic travel. Gold is a miss. Still seeing the incredible strength coming through in offshore youuan. Onhave been seeing a risk momentum coming through in equities across the region. Signing havinghe a positive boost to markets. We are seeing momentum on the asiapacific index. It is going to close at a record high. When we look specifically at Chinese Markets themselves, we did have the csi 300 already near the fiveyear high. The csi 300 a little weaker, down by a 10th of 1 . Korean airlines coming out and saying they are going to to buy. 8 trillion yuan an airline. Raising 2. 5ng to be trillion. That is a bit of corporate breaking news. Lets get over to julia. She is at jp morgan. Thank you for joining us. What was your main takeaway . Controls glance have been maintained. Still looks like their recovery is pr