President elect biden good afternoon. Today, im very proud to be announcing our health care and covid team at a critical time, as we near the end of one of the toughest years weve faced as a nation. More than 285,000 dead americans because of covid19, and counting. Last week, covid19 was the number one cause of death in america. Of covid19 and counting. Last week, covid19 was the number one cause of death in america. For black, latino and native americans, were nearly three times as likely to die from it, covid19 is a mass causality. For families and friends left behind, its a gaping hole in your heart that never will be fully healed. As a country, weve been living with this pandemic for so long, were at risk of becoming numb to its toll on all of us. Were resigned to feel that theres nothing we can do. And we cant trust one another. That we must accept death, pain and sorrow. Were in the midst of this deadly pandemic that has infected almost 15 million americans. 1 out of every 22 peo
Vaccine. Finding a compromise. Agrees to slowly add more Oil Next Year after days of an stoxx. The Saudi Arabian energy miss mr. Process excruciating. Happy friday. It is excruciating for some of those journalists who stayed up late for that press conference. Look at where we trade friday morning. The s p 500 a bit over concerns roll outow pfizer will that vaccine. We are pushing a little higher this morning on the futures. Is this durable . What stands out is a record in the u. S. , a grim record of high infections as well as hospitalizations. Hospitalizations at the highest rate we have seen the entire time this pandemic. With rates increasing, that means more lockdowns of economies in cities and states. Gavin newsom in california warning california they could be next. The labor market, we will get a read on today. The november jobs report will come out today. Lets take a look at brent crude, testing 50 a barrel, 1. 9 percent higher. You had the opec plus meeting yesterday. Brexit ta
Percolating issues, whether it is trade tensions or brexit, which goes to the heart of the uncertainty in 2021. Francine there is a lot going on, and i guess this is the concern, you have a million angles of things that turn out sour. Bloomberg first word news in new york city with ritika gupta. Senatorone republican dix President Trump will get on board with a bipartisan 908 billion senator bill cassidy told foxnews Senate Majority leader mcconnell will back it, too. Cassidy is a member of the Group Pushing the measure. President trumps lawyer, Rudy Giuliani, has tested positive for the coronavirus. According to reports, he has been hospitalized in washington. Giulianis son says he is getting great care and feeling well. Giuliani has been leading the effort to overturn the results of the election. In china, exports jumped in november by the most since 2018, pushing its trade status to a monthly record high, and thermined underlined how pandemic and global related goods is helping the
Level. Toestors downright giddy get clarity on a biden transition and a wave of news on the covid vaccine. There is ambiguity about the unequal economy. Rise, Consumer Sentiment falls. Sentiment points pretty positively, though. Joe yeah, i mean, ok, we didnt hit record highs on the s p 500, so the fed has to cut rates. But the big picture is, yes, clearly this is a market with a lot of exuberance. Small caps, this is a part of the market that really lagged for several months even after the recovery began in the spring. They have been on a tear lately. Searching past the old record. So many names even on a day like today. Pause for the speculative euphoria. Caroline you look at the industries that have been so beaten up. Energy suddenly in the last five days absolutely killing it, no other way to describe it. It has fallen hard and fast. When it moves higher like this, it is not the almighty pull like big check, but energy financially catching some sort of break. Isgoes to show this ro
If you are unemployed or furloughed, 202 7488000. If you visited a food bank, 202 7488001 is the number. If you are behind on a housing payment, 202 7488002. All others this morning, 202 7488003. That is also the number you can send us a text this morning. Send a text, include your name and where you are from. Otherwise, catch up with us on social media. On facebook, it is facebook. Com cspan. You can start calling in and this first section of the washington journal. In in this first section of the wafted in journal. This week is said to be a crucial one. Now,rn to eric watson congressional reporter for bloomberg. Good morning to you. What is the status of negotiations . Did anything change over the weekend . Guest good morning, john. Yes, over the weekend, this gang of eight senators, for democrats and four republicans four democrats and four republicans, had a series of meetings to develop a text on their bipartisan proposal. A week ago, an at least in outline. At least an outline. T