Concerns about jobs and especially about the coronavirus. Well talk about it all. Im connell shane, welcome to after the bell on a friday, and its time for the news thats happening at this hour. Our fox Business Team coverage, blake burman at the white house, Edward Lawrence is in washington, jer true willis in new york. Edward, we kick it off with you and the details on the jobs report. Reporter theres still some growth, plus looking forward to stimulus. Thats what the markets like. In november the economy added 245,000 jobs, almost half as much as the the experts thought. The unemployment rate, though, dropped to 6. 7 , well below what the federal are serve estimated from last summer. Now, the administration saying this is a fundamentally strong economy, and were moving very quickly in the right direction. Listen. President trump has always add slow e candidated keeping advocated keeping businesses open and keeping schools open. Thats very important. All right, thats a good point. So
And that we have come to know him to call his humanity and complexity and there is one lesson from the book that really stayed with me and as david but it and his optimism all the madness we see in the world and with the cando spirit it is indeed possible. This gives me the opportunity to say thank you. And with joseph pletter kennedy. Now turning to the 1 million displaced persons the last million is an epic story with millions and millions of people of general chaos and most known where those also migrant laborers and collaborators and when the war ended. And as the title suggest millions did not. And as a singular story to be told . And with the common sense view of historical events and not necessarily truthful only partially. Much clearer than before. With the peace treaties. And the suffering was displaced by war continues unabated between three and five years in the germany in the camps between three or five years. Talk about the millions who remain in the 1 million into germany
Minutes of trading. President trump about to address supporters at a Campaign Rally in california which is about four hours north from where we are in miami, his opponent joe biden is in another battleground state pitching the Healthcare Plan to voters in michigan. We have fox Business Team coverage of her top stories with blake burman standing by the white house, we start today with jacqui deangelis and the new york newsroom as we wrap up with a volatile week on wall street. Good afternoon connell, two out of three bad of what weve seen weve seen three Straight Days of losses for the dow was positive for the week and you mention the retail sales, t 2 jump, the optimism was important because it speaks to the consumer, also you have vaccine optimism weighing over the stimulus pessimism in the dow roughly 3 below its record closing high back in february, its pretty remarkable when you think about that. Today was industrial stock, the healthcare stock that led the way were so used to focu
Wisconsin protests. World Central Bank Leaders coming together virtually, Federal Reserve chair jay powell speaking at key economic conference and investors closely watching what he has to say. Ahead of the speech, few hours are lower. We are taking a look at decline at start of trading. S p and nasdaq hit record highs again yesterday. This morning dow futures down 88 points. Mornings with maria live right now. Global markets this morning are red across the board. Take a look at european indices, the cac quarante down 31 and the dax index lower by 52. In asia overnight markets mostly lower, worst performer was korea down more than 1 . Top stories that we are watching this morning. Night 3 of the Republican National convention honoring americas bravest, devoting their lives defending our freedom. Since 9 11 ive seen americas heros up close. Some of them saved my life. Service, its more a word to me, its a way of life. Maria meanwhile mike pence touting President Trumps economic success
You see it in the markets where for the first time in ages, we have sort of got spaces across equities, bonds, currencies, commodities. The focus is on europe. It really pulled back toward the tendency of disinflation and deflation. The urgency of stimulus in europe is really front and center today. It certainly is and we will see if leaders agree on something. Lets get straight to the bloomberg first word news in new york city with Viviana Hurtado. Viviana President Donald Trump signed an executive order to curve immigration. Green cards are currently on hold. They allow foreigners to become permanent residents the president says that will limit competition for jobs. An exception is being made for medical professionals and researchers. The u. S. House is expected to approve today the 484 billion rescue plan. The bill adds more money to aid Small Businesses plus money for hospitals and coronavirus testing. U. S. House Speaker Nancy Pelosi says her next priority, a major aid package for