Will it work . One of the main incumbents, good rx, shares their answer to the new competition. The bitcoin rally continues, but for how long . Brad darling house will have his take later this hour. Tech share is leading the market higher as more covid restrictions, staying at home for the foreseeable future. Scientists are racing to make advances on the vaccine front, but there is a long winter ahead. Joining us now is abigail doolittle, taking a look at the Market Movers of the day. A lot of conflicting strands. How does it add up . Yesterday, we had the bearish , the risk off news about Public Schools closing. The Biggest School systems in the u. S. Closing on the virus. We have hospitalizations at a record high in the u. S. Stocks yesterday sold off. Today, they rallied. They started in the red, and were flat on the day most of the day. At the end of the day, the nasdaq 100 climbing by about three quarters of 1 . Once again, we have the disconnect between stocks and a reality that
Off china launches an unmanned spacecraft to the moon. Aiming to bring back rocks from lunar surface. Following weeks of delay and uncertainty, u. S. President elect joe biden has formally begun his transition to the white house. The head of the General Services administration is designated by and as the apparent wind of this months president ial election. That clears the way for the transition to get underway. Donald trump has refused to concede defeat or the lies his administration to start the process boss has vowed to keep up the fight, insisting without evidence that the election was quote, corrupt biplanes. Team has welcomed the move, which frees up millions of dollars for his new administration. It can now work with federal officials on a coronavirus response, as well as a National Security strategy of 0 as particle hay and reports from washington. This is the letter president elect. Joe biden has been waiting for giving him the federal resources he needs to begin putting his ad
Forecast. We will bring you that interview with the ecb president. And the ax falls again at goldman. The bank prepares to cut jobs for the second time in three months as the focus returned cost cutting. Very good morning, everybody. Welcome to the program. Lots of breaking news to get to. Lets have a look at some of these numbers coming through. Have the numbers coming through from the shipping business which transports 1 5 of the worlds containers so really interesting insight into the way the Global Economy is spinning and the shipping industry in particular. We are getting the numbers through. We already heard from them last night about how they were upgrading their guidance, raising their fullyear guidance so that already sets a positive tone. They said they will initiate a new Share Buyback around 10 billion danish krone. That program will run for 15 months. E will be speaking to the ceo that is the conversation at 7 30 u. K. Time, so in around 25 minutes time. Let me get to some
Education plus the rising sea levels, a new u. S. European satellite to monitor one of the most challenging effects of global the corona virus pandemic is surging to new levels across europe. And the u. S. With officials grappling to contain the spread ahead of the holiday season. The u. S. Is now supposed 12000000. 00 cases the highest of any country. Millions of people are expected to take no official warnings and travel for thanksgiving on thursday. And grace virus related deaths of hit a daily record of 108. Hospitals are under pressure. As a merchant, seabeds philip Officials Say the current lockdown is likely to be extended. Portugals Prime Minister is banning Domestic Travel and closing schools around 2 Upcoming National holidays. Infections that have risen sharply since september, irans who is struggling to contain a 3rd wave of sanctions and introducing a 2nd lockdown. Most business is a shut and theres a clamp on travel between major cities to slow the spread from to her. On
Good Tuesday Morning welcome to squawk alley. Im Carl Quintanilla with jon fortt. Its a mixed fwoog day retail earnings, amazon pharmacy, covid19 restrictions, fed speak. Were going to begin this morning on capitol hill as both Mark Zuckerberg and jack dorsey testify before Senate Judiciary on censorship, suppression, and, of course, the 2020 election our Julia Boorstin is monitoring this and can tell us what happened so far. Julia . Well, carl, senator Lindsey Graham focusing on what he sees as a need to revise section 230, thats the rule that protects social media platforms for legal liability for content. He says facebook and constituenter wetwitter were making editorial decisions and far more transparent standards are necessary. He called out the Mental Health risks associated with social media use. On the other side of the aisle, richard bloomenthal, he is calling for breakup of the platforms. Mark zuckerberg supports change to section 230 dorsey pointing out they need to walk a f