Larger than expected losses due to the growing of ours pandemic will speak to the head of the global body charged with leading the recovery. A new team and a renewed commitment to lead the world again. Thats the message from the u. S. President elect, joe biden. As he unveils top members of his administration, the president elect formally introduced his 1st round of cabinet nominations 6 members of his Foreign Policy and National Security team. It comes as bidens margin of victory continues to grow pennsylvania and have become the latest states to certify the president elect as the winner. He begins our coverage from wilmington, delaware bidens, home state, president elect biden, was unequivocal as he presented his National Security appointments and nominees. Its a team that reflects the fact that america is back ready to lead the world, not retreat from it. Once again, sit at the head of the table, ready to confront our adversaries, and not reject our allies ready to stand up for our
Long. Then we are looking at cracking down on china. The Trump Administrations latest efforts to keep american money out of chinas military. New executive order coming up. Office of trade and manufacturing director Peter Navarro is here to discuss china and threat. Take a look where we stand with the dow industrials, 1 , nasdaq up 96 points and s p higher by 32. This falls a dismal day on wall street yesterday. The dow industrials were down 317 points, nasdaq lower by 76 and the s p lower by 35. Meanwhile the future of a Coronavirus Vaccine, new measures President Trump is taking in order to increase access once its ready for rollout. Alex azar is here live in 8 00 a. M. Hour. Elon musk has some questions. Why tesla chief has said about the results from four separate covid tests and then back to the shack, iconic miami eatery is reopening doors and providing you the seafood experience, we will take you there. Mornings with maria is live right now. Maria lets take european markets this
Smooth transfer of power. Abc news projected that biden has secured victory in arizona, it has been red since 1952, excepting bill clinton in 1996. His total is now 290, well over the 270 threshold needed to secure the presidency. Trump has won 217 electors. Michael hayden sent a letter to the Agency Responsible for providing support for the Transition Team but has yet to do so for biden. The letter warns that a delay in the transfer of power could pose a serious risk to national security, particularly during the pandemic. Meanwhile, trump has continued to claim that there was massive election fraud, without showing any evidence. Officials from multiple government organizations issued a joint statement on thursday. It said they have the utmost confidence in the security and integrity of our elections and you should too. Moving to japan where nearly 1700 new coronavirus cases have been reported so far on friday. Surpassing the record set a day earlier. The Prime Ministers calling for re
The focus certainly on the u. S. Not only for the infections but of the transition period and what we can expect from the markets. The markets looking at some caution, we heard from Central Banks saying look, the vaccine is not going to be a cureall. If you look at what investors are trying to assess, it is additional stimulus, an economy that has been battered by these coronavirus cases that we have seen going up and up. Treasuries adding to the gains, and if you look at other things we are looking at, you know, the dging higher afterword that Dominic Cummings will leave his role with Boris Johnson at the start of the year. Now lets get to the bloomberg first word news in london with laura wright. Hi, laura. Laura good morning, francine. Powell, ecb president christine lagarde, and Andrew Bailey used a Virtual Conference to highlight the risk. The post pandemic economy will be different in many ways. The 2020 election was the most secure in american history. They say there are is no e
Point 46 overnight. Political posturing is taking place with taking place between london and brussels. Checking in with some of the other little asset of the other asset classes. Gold pulling back in tandem with ,. 10 lower. Tom lets get you the first word news and an update on the continued spread of covid19. Have surged past 40 million and show no signs of slowing. U. S. Infection rates rising in 48 states while europe is inosing tighter restrictions london, paris, and other cities under strict curves with ireland enacting some of the toughest restrictions yet seen. The World Health Organization says failure to control quarantine rules has led to the resurgence. I stocks hit a six month low amid fears continuing street protests will drive investors away and further hurt the weakening economy. The benchmark index closed at its lowest level since april 16 as demonstrators bow to keep up pressure for constitutional reform and curbs on the monarchy. The index has lost more than 5 of its