Im not running a false promise and being able to end this pandemic by flipping a switch. But what i can promise you is this, we will start on day one doing the right things. We will let science drive our decisions. We will deal honestly with the american people. Biden and his wife jill cast their ballots in wilmington today. Meanwhile, democrat, democratic Vice President ial nominee Kamala Harris held two drive in rallies in arizona. She criticized President Trump for putting the health of his supporters at risk by packing them together. Stocks tumble today because of worries that the pandemic in the u. S. And in europe will mean more restrictions on businesses and drag down the economy. The dow dropped 943 points, the nasdaq lost 426 and the s p was down 119. Early voting numbers continue to break records nationwide and if the trends hold, we could see historic levels of turnout. Our political reporter greg lee tells us whats driving the numbers. Reporter with less than one week until
As many as 17 to 18 of the victims are children. 7 to 8 adults including the gunman who authorities described to nbc news as a 20yearold connecticut man who was dressed in black and was carrying two handguns. Connecticut state police are set to begin a briefing at this hour. Danbury officials and hospital officials tell nbc news that at least three people have been transported to the hospital. Again, to as many as 27 people killed. We will bring you more details as they become available. Back to you. Thank you very much, bertha. Well keep checking back with you and monitoring the situation. Obviously an incredibly tragic situation still unfolding in newtown, connecticut. We will keep you up to date as new information does become available, but right now we turn our attention to what we do here at cnbc. Our focus is the markets. We will be following the other story that is unfolding in connecticut. Were going to look at the economy, the looming fiscal cliff. My partner, Tyler Mathisen k
Of the claims. They decided it was going to be about 42 million so nasdaqs going to pay finra, finra will doll out in the uny. We dont have a timetable but im told it will be in the next couple weeks. We dont have a breakdown into what firms will get what amount. I dont have that yet. I think that will be available state of the union. Were working on it. Bob pisani, thank you so much. Ty, up to you. Sue, the markets are roaring, soaring, anything but boring. We have found warning signs. We will show you what were talking about and let you decide whether it is time to take some of the cash off the table or if you think the risk is worth the potential reward. Transports are hitting a new high and there are reasons to be optimistic on certain stocks and sectors. We will talk about that. There are three good reasons why ups is on a roll hitting another alltime high today, 94. 71 right now. Weve got the cfo as the Company Reports solid numbers and indicates that the company is in for quite
Same to you, scott. We start this hour with breaking news for only the fifth time in history. The dow is up triple digits on the first day of trade willing for the new year. Lets see if it holds. Hello and happy 2013 to everybody. Happy 2013, if you are long the market today, im tyler mathisen. Hey, ty. Im becky quick. Republicans dont love the fiscal cliff. Democrats dont love this deal either but wall street does at least for today. Why dont we look at where things stand right now. You will see the dow industrials are up by 223 point. S p 500 up by about 24 and again these markets have been holding this throughout the day. Nasdaq up by 66 points. Gold up by 12. 70 to 1,688 an ounce. Yield is higher up, and lets go live to bob who is live on the new york stock exchange. Bob, happy new year. Happy new year. Er with near what traders called a 90 upside die. 90 of stocks on the upside and volume. Take a look at whats been going on here. I will show you a lot of sectors at highs here. In
Months. Has it finally turned a corpser . Speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. A mucky day. Not since 2008 has it been so high. More evidence the housing recovery is taking root. Prices rising in the big cities but a warning we may head into a recession next year if the u. S. And europe dont solve their fiscal messes. Right now the dow industrials a built of a breather down 21 points. Meanwhile, 34 days to the fiscal cliff. Will a deal be done in time . Today, president obama meets with Small Business leaders to make his case for the possibility of higher taxes ahead. Our washington correspondent, john harwood, is here with the very latest. Hi, john. Reporter hi, tyler. You know, everybody is staking out public positions and trying to drive Public Opinion their way. The president s been doing that all week. He is doing that with hi