Edward lawrence in washington. Ashley webster waits on the disney numbers we talked about. While we wait for that, edward, well start with you on the economy and the new comment today from the fed chairman. Reporter connell, Federal Reserve chairman Jerome Powell says the economic path forward will be a challenging one and includes more help from congress. Powell on a panel with European Central bankers says that Monetary Policy needs to work with fiscal policy because the size of the economic shock with the coronavirus. Ultimately it was a job to replace lost income. I would say that our congress stepped in and there hasnt been a faster or stronger response from congress to an economic emergency since really the great depression. Reporter he is talking about the first cares act at the beginning of the summer. Last week powell said, in order to get quickly back to where we want with the economy. There needs to be a another relief package from congress. It should be targeted to those pe
This is flightradar24. Com and it shows air traffic in the u. S. Right now. A lot of people are already on the planes. Anser hassan is live at sfo with what were seeing there. Good morning. Reporter what were seeing here is more passengers starting to check in. Look at the flight board behind me. These are the domestic and International Flights departing out of sfo all day today. So definitely not the volume were used to seeing for this time of year. If you pan over to the security checkpoint, also not too busy. According to abc news, 4 Million People have already gone through u. S. Airport checkpoints from last friday through sunday. Thats the most passengers weve seen since the start of the pandemic back in midmarch. Thanksgiving reservations were ticking upward in early october, but dropped with the surge in covid19 cases. One passenger says his wife is traveling for business and he wanted the family to be together for thanksgiving. At some point you have to step out on faith. Get i
And as millions of americans continue to stay home amid the coronavirus, we run down some of the hottest holiday tech peoples of their, all as swarmed online sites. Speaking of staying home, what streaming companies are doing. First, lets get a check on u. S. Markets, where we have been talking about the rotation out of tech shares on corona vaccine news. Reversed courseon wednesday amid data showing a possible slowdown in economic growth. Ed ludlow joins me with my. What are you seeing . Ed im calling it the unwinding of the rotation trade, taylor. The s p 500 coming off this record high, dow coming up 30,000 points that we saw yesterday, and then the technology stocks, the nasdaq 100 index up. 6 . Data wise, this is the first backtoback rise in weekly u. S. Jobless claims since july. Investors are reassessing what is going on with the economic recovery as it relates to covid19. The story, as you say, has been a move into value and smallcap stocks, those kinds of companies that would
Nonessential businesses. A crisis in wisconsin with four out of ten tests coming back positive. Hospitals reporting a critical staffing shortage. The mayor of milwaukee joins us live this morning. Trail of destruction. Hurricane zeta devastating the badly battered south. Now the new coastal storm barreling towards the northeast. Millions bracing for the first snow of the season on halloween weekend. New fallout from the Breonna Taylor case. The Police Officer shot in the operation that killed her now suing taylors boyfriend Kenneth Walker for shooting him. I was a victim as well. My family has been a victim in this. The outrage this morning. Fire pit alert. With sales soaring as temperatures drop new warnings on the hot products hidden risk. A look at the potential dangers. Our eyeopening demo. Monthlong black friday. How the big brands are getting a jump on holiday deals this year. Where you can save big right now. Make it pop d. J. Blow my speakers up its our countdown to halloween.
And your comments a moment ago to andrew, just sort of crystallize, not just what a job shes done, but how companies are placing their bets on looking through cycles, even though were a week away from an election and in the middle of a pandemic. You have somebody the quality of lease why isa su, best ceo i country, nonpromotional, re competitive thought this was maxed out. Youre in the personal computer and data center, it is not good enough she saw what happened to intel i dont say that with any prejudice. Just that she left intel behind. She is in the data center, who is she who are her clients . Azure, google, and, of course, amazon but it is time she feels it is time to branch out into auto, time to branch out into defense into telco when you look at xilinx, what youre seeing is a mosaic where there is some overlap in data center, but the rest is an attempt to say, you know what, we need a bigger total Addressable Market we have to outgrow our markets right now. And i think it is a