We have foxbusiness Team Coverage with blake burman at the white house. President elect bidens transition. Gerri willis standing by but we begin with jackie deangelis. Good afternoon. Good afternoon. History is being made right before our eyes. Dow about 30,000. I think is interesting today, not just the dow but look at the s p 500 on a percentage basis of a little bit more and even the dow industrial. 500 is broader than the dow 30. You can see this was a big broadbased rally across the board. I think that is important. Look at the dow winners because it gives you the sectors, energy is moving today, we see the financials moving higher today. Walt disney is a big winner today but it wasnt just stocks, it was oil as well. Over 45 a barrel, disclosing under that level and it took the Energy Stocks up because the investors are basically betting on recovery for the economy and that means more demand for oil and that means these companies will do better. Having said that, lets take a pause
Today america reported a record high 136,000 new cases. Its the seventh consecutive day with 100,000 coronavirus cases nationwide and now, every state in the country is reporting an increasing number. Texas just became the first state with 1 million cases. In california, not far behind and at our current rate, well reach 1 million cases by the weekend. Bay area counties range from the best to the worst among the color coded coronavirus restriction tiers. San francisco is the only in the best category, yellow but preemptively going to shut down indoorining friday night as a precaution. Yesterday contra costa and santa cruz moved backwards from orange to red. A spike in new cases in napa county has Health Officials worried and for very good reason. Those numbers are rapidly moving in the wrong direction and could send napa county from the orange tier to the state most restrictive purple tier if things dont turn around. Cornell bernard found many people are suffering from coronavirus fati
56 in lake port. Our cool spots. Everybody else 56 in San Francisco, fairfield at 66 degrees. A much brighter day and warmer after such a chilly start. Lets get back to reggie for the news. Could the u. S. Be headed to a National Lockdown . Depends on who you ask. This morning jobina fortson is hearing the answer from dr. Fauci. Thank you. As the u. S. Faces a massive surge in cases, dr. Anthony fauci says americans need to wear masks and continue social distancing to avoid another lockdown. He was talking to Robin Roberts this morning. The idea of a four to sixweek nationwide lockdown has been floated to control the spread of the virus. The idea includes slotting down businesses and paying people for lost wages, but dr. Fauci says it is not likely to happen. Dr. Fauci says vaccines will start being distributed in december and will become more widely available to the public in the spring and early summer. He also stresses the importance of continuing to do things like Outdoor Activitie
Hours, even though were starting cooler, the extra sunshine compared to yesterday and no threat of wet weather todayeans temperatures jump m back to the low to mid 60s in most neighborhoods. Mid 50s along the coast. Still expecting wet weather tomorrow. Well talk about that coming up. Could the u. S. Be headed to a National Lockdown . Experts are split on the idea. We do have an answer from dr. Fauci. Jobina fortson has more on what he is saying this morning. Thank you. As the u. S. Faces a massive surge in cases, dr. Anthony fauci says americans need to wear masks distancing to avoid another lockdown. He was talking to Robin Roberts this morning. The idea of a four to sixweek nationwide lockdown has been floated to control the spread of the virus. Dr. Fauci says it doesnt seem likely to happen. There is no appetite for locking down on the american public. But i believe we can do it without a lock john. I really do. Help is really on the way. You know, if you think of it metaphorically
And corona virus grips the nation campaigning on the election trail has been forced to take a back seat will the president ial candidates ever hit the road and so their brand of politics to americans before the vote followed the u. S. Elections. Will be. Seen. After months of antigovernment protests and Political Uncertainty iraq is now grappling with the worst fiscal crisis in decades. Iraqs economy and state budgets are heavily reliant on oil income and have been hit hard by the sharp decline in Global Oil Prices the world bank has projected g. D. P. To contract by 9. 7 percent of the fiscal deficit expected to reach almost 30 percent of g. D. P. Iraqs new only appointed government led by most of the me is now faced with a challenging task of implementing long overdue Structural Reforms such as reducing Public Sector employment while also keeping popular unrest at bay im so want to get out and as iraqs fiscal crisis deepens we ask what needs to be done to address it and how can the n