Inperson activities shut down can the nfl save football from a covid collapse announcer live from cnbc global headquarters, the facts, the truth, the news with shepd ard smith. Good evening. Doctors and Health Experts warning about another surge of covid cases. More on the cure in just a moment but first, a look at where this pandemic stands heading into the month of december. The United States now averaging more than 162,000 cases this past week. This month alone, we reported more than 4. 2 million new cases. That means near lily one third all of the cases have been added in november. Right now 93,000 americans are hospitalized with covid. As you can see here, the deaths are climbing towards that peak it comes as millions of americans struggle to dig themselves out of financial holes caused by the pandemic so far congress has failed to provide more relief. The consequences of the inaction growing by the day but its a different story on wall street. The dow rose by more than 11 in just
Highs. Coming up a busy news day, and a series of big interviews as well. The ceo of gap, jonah snngal, her first interview since taking the job in march talking about the post covid lavin escape and the partnership with kanye west. Plus we have patrick frisk with his partnership with steph curry. We will discuss the fierce competent anything footwear. And salesforces deal to buy slack is expected to be announced today after the bell we should get those details. And sales details also out after the close. Looking forward to that. Slack up a little bit today. Lets get to the Market Action mike santoli is tracking it. As stocks moving higher but off the highs of the session. For three weeks they have been mostly sideways around the recent highs right now we are a little less than 1 above the intraday high from november 9th. Est that was the day the election was called. Then you had the vaccine from pfizer that was right in here intraday high. At a record. 67 above the march 23rd low righ
The nasdaq up by about 120 yesterday was a down day for the markets. The dow off by about 270 points. But if you want to take a look at november hes historic gain, check this out, the dow actually up by 1. 8 for the month, that is its best month since january of 1987. The s p no slouch either it gained about 11 while the nasdaq was up nearly 12 november by the way was the best month for all of those indexes since april which was a huge month. Also small cap stocks were some big winners. The russell 2000 finished the month up more than 18 , 245ethas right, 18 in one month, the best month since that index was created back in 1984 so here we are heading into december and year to date, the nasdaq is the superstar, up nearly 36 the s p 500 is up by 12 and the russell 2000 up by 9 . The dow up by 3. 9 so fantastic november for all of these indices. Nasdaq leading the way in terms of year to date. Joe. Yep, coincident with the surge. Go figure. The second surge are you sure it is never too ea
A cease fire in ethiopia is to grey region where hundreds of died and thousands are fleeing into saddam. Welcome to the program, the u. S. President elect joe biden has called Donald Trumps refusal to concede the president ial election as an embarrassment. But biden says nothing will stop the transfer of power in january, and thats despite the trumpet, ministrations reportedly refusing to assist the president elects transition team. Allan fisher has more from washington d. C. Well, donald trump is keeping a low profile. Joe biden is putting himself front and center. This was an event to discuss the Affordable Care act. But the president elect questions on other topics and he had a message to the man he will replace. And his refusal to accept the result. I just think its an embarrassment. Great, frankly. The only thing that how can we say this tax . I think it will help the president s legacy. I think that i know from my discussions with foreign leaders of us for that they are hopeful t
Mallicoat joins us to take a look and take a deeper dive into the numbers. The numbers are very strong. Nearly 2 as you mentioned. Unemployment went from 13. 2 in july and it dropped 11. 4 in the month of august. California added nearly 100 2000 jobs as well. Of course, all welcome news for what is the 5th largest economy in the world. California near the nation. The u. S. Unemployment rate dropped 1. 8 that month. Now at 8. 4 overall. Californias dropped. The numbers can be former edd director and labor attorney Michael Birbeck says california still has a lot of work today. Todays numbers are really not consistent with all the other Economic Indicators we are seeing. In terms of the new yesterday. California was way above those of the National Rate in terms of consumer spending. Way down in the bay area compared to other parts of the nation. In terms of job postings, here in california, way below what we had in january and below the other parts of the nation. He points to urban areas