And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as
People in your own family . They have to draw straws on who eats outside. The cdc guidelines are very tough on that. They dont want you to travel, but millions are. Lets get the lay of the land with Charles Watson at Atlanta International airport. Atlanta, the focus of a lot of things but right now, travel blitz under way. Hey, charles. Reporter good afternoon, neil. Youre right, a travel blitz is under way. We have seen a steady flow of people going in and out of Hartsfieldjackson International Airport all morning long and whats clear that is people are determined to stick with their thanksgiving holiday plans. Airports are seeing some of the largest crowds that they have seen since before the pandemic began, with more than four Million People screened since friday. Regardless, Public Health experts say millions of people traveling right now is just a recipe for disaster. Dr. Fauci has said that what we are seeing now, the levels of travel that we are seeing right now, will reflect in
Facebook reported amazing number last time. Amazon gave you an amazing upside surprise and it got steam rolled it was hideous nonenonetheless, and i know that. There is the right way to look at it or the wrong way we dont look at the action and we are back to form an opinion about the quarter. Thats the wrong way the right way when a Company Reports great number and the stock gets slammed, you look at the set up often because of an event like say an impending election. I am expecting massive confusion. One of the most confusing weeks of my career unless the results are blow out this day, we may not know who won plus with mail ballots nobody wants to unstock a bowl of confusion why not sell everything on monday for starters, you are too late what the heck did you think was happening. More importantly you are not nimble enough to get back in after you gotten out look at our quality stock selling off right now. You definitely want to get back in take amazon and facebook with unbelievely g
Thats how unconventional all these polls are right now. Were also going to follow more as the markets sort of i digesting the news we got out of the likes of alphabet, amazon and apple. By and large, the numbers were pretty solid, they just werent solid enough, and its weighing on the techheavy nasdaq as a result. Much more on that in a second. Now back to the cases at hand that are getting a lot of attention. 12 states now are reporting record oneday increases including illinois, indiana, maine, michigan, minnesota, missouri, nebraska, new mexico, North Carolina, north dakota, oklahoma, ohio, oregon. These are not just with oneday blips. These are new causes, the highest cases, the highest ever recorded since the pandemic began. Furthermore, 91,248 americans, more americans just tested positive for the virus. It is the highest of the pandemic period. Thats whats weighing more on the markets than anything else, the idea that these expanded cases and the kind that were seeing in europe
The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the e