Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com
At tray Glen Astrazeneca on the defense after critics say it failed to give an update on patient data on the vaccine trials. Futures after markets were closed for the thanksgiving holiday, they are in the green as you can see, dow jones 54 in the premarket. Weve got a lot to talk about today with wall street. Were going to have a half trading day today, markets closing at 1 00 p. M. Eastern time some good news to show you, nice gains there, the nasdaq is in record territory as the dow is looking to crack 30,000 once more today after the index crossed the milestone earlier in the week. Ruling on religious restrictions, the Supreme Court telling new York Governor Andrew Cuomo he cant put a capacity limit on houses of worship. Were on this story today. Plus, it is black friday, its going to look a little bit different. Retailers going with the shift to online sales as brick and Mortar Stores are rethinking foot traffic this year. Mornings with maria is live right now. Its a brandnew day.
Desensitized to these numbers. Imagine three boeing 747s crashing every single day. Thats what were looking at right now. Thats abc thats abc 7s special go ahead, ama. Please. Sorry, dan, go ahead. Thats abc 7 news special correspondent dr. Alok patel who just spoke on our 7 00 news getting answers. Good evening to you. Im dan ashley. And im ama daetz. Dr. Patel talked about 1,000 deaths a day. Experts say that could soon hit 2,000, matching or exceeding what we saw in the spring. Thats because just a little while ago we learned that a quarter of a million americans have died from the coronavirus, passing the number dr. Anthony fauci predicted in march. And tonight several counties are seeing the most Covid Patients admitted in a single day since the last wave hit in july. It raises the question will hospitals have to ration care . Abc 7 news iteam reporter stephanie sierra is digging into this question and leads us off tonight. I have not been in the military and i have not been in wa
Square today empty space that would usually be packed with visitors. San franciscos lack of tourists could mean cuts to programs that residents rely on. A brks krrbc 7 News Reporter me woodro has the story. Reporter suns around San Francisco say welcome, were open and visitors are few and far between. One of the campaigns is our gate is open. While that gate just got closed two days ago. Reporter steve rizzo is general manager at hotel g. The hotel has been closed for eight months. Rizzo estimates theyve lost 8 to 12 million in that time. I imagine that a lot of places are in the same boat as we are. Your cash flow runs out when you have no Revenue Source coming in. Reporter according to the quarterly status report released this month by the controllers office, the hotel tax is expected to drop 43. 4 million below the expected 126. 2 million. One of the things that visitors really do is help to pay the cost of living in San Francisco and without them, its going to be noticeable for all
North carolina, and ohio whether we will get a clear result tonight remains to be seen the tenyear note level higher than since early june. Banks among the best performing stocks in the dow and the s p. Oil prices are gaining ground but the Energy Sector is the only in the red. Overall a broad based strong day on wall street. Following gains yesterday as well lets get straight to the big stories we are watching. Mike santoli is here watching the market rally. And ylan moi is following the all important balance of power in the senate for us mike santoli, welcome. Good twoday run in the markets. It is inhabiting the ground we were in the last half of last week and gone right to the middle 3,400 is the middle of the long threemonth range. If you think about it it has taken two days to lift the indexes back onto a balanced footing. We were pretty oversold last week challenged and tested the september lows bounced off of that today. Make sure folks are not leaning too much in one direction