For new restrictions there too. What will the president do if we experience a second wave . I will ask him. Look at the market, stimulus stall and europes second wave is pulling down stocks big time. The dow is looking at 300 point loss. S p down 42. The nasdaq close to a 200 point drop. Big tech way down today, following a report in the Financial Times, some governments over this in europe, theyre gearing up for a major antitrust attack on American Technology companies. A dispointing jobs report. 898,000 new jobless claims. Not good. Down goes the market. On the campaign trail the president let loose in iowa last night. He put on a maga hat. Took off his tie says joe biden has been blatantly lying. That the revelations about hunter in the New York Post are a smoking gun. I will ask the president about todays allegations that hunter made millions from china. There is a new allegations out today in the morning post. Tonight, there is dueling town halls. The president appears on nbc. Som
Speaker pelosi under huge pressure to jumpstart the stimulus talks. A lot of people saying that. Francine that will filter onto the markets. Lets get straight to bloomberg first word news. Ritika good morning. Republicans are pushing back against Donald Trumps refusal to commit to a peaceful transfer of power. Mitch mcconnell tweeted the process will be orderly, just as it has been every four. Years since 1792 also every four years since 1792. The senate also committed to a peaceful transfer of power. Democrats have started drafting a new stimulus proposal that could get past the house next week. Smaller than the package the house passed in may, it is still larger than Senate Republicans say they can expect. President trump said he will go as high as 1. 5 trillion. In the u. K. , rebel members of the conservative party are threatening to seize the parliament to block new coronavirus rules. At least 40 tories have put their name to an amendment wiping out the government majority on the
Was up 41. The dow is up 43. It had been up 331, if that tells you anything. We have this developing news. President trump about to possibly address the media ahead of his trip to North Carolina where hes expected to lay out his vision for health care if he is elected to a second term. We are going to take you live to the white house as soon as we get the tape if he does stop to speak to the press. It all comes as a new wrinkle develops in oryacleorac deal to take over the popular chineseowned video app tiktok. Breaking news in just the last hour. A federal judge has just inserted himself into this battle. The deadline to ban tiktok, this is the extended one, supposed to be sunday night. But now all bets are off. Republican senator roger wicker of mississippi, he did not like this plan to have oryacle take Partnership Structure with tiktok. He sent a letter to the president along with several of his republican colleagues saying outright they oppose the deal as it currently looks. We wi
President trump says hes only willing to go as high as 1. 5 trillion. Signs of the pandemic getting more prominent. The u. K. Reporting a Record Number of virus cases today. With more on how it is playing into the markets, Abigail Doolittle in new york. Tech shares going back and forth but tech leading the way out of the red. Walk us through the day. Abigail another amazing one, but probably more so than a reason days because of the whiplash. The nasdaq 100 at the lows early on, down 1. 1 . It was at one point, up nearly 2 . Just about flat and then closing higher by about 6 10 of 1 . What that volatility tells you on the day, the week, the month and on the year uncertainty. No one knows. When you have firm control from the buyers or the sellers that you can make the case between february and march, the sellers were on control around the uncertainty around the pandemic. The buyers took control but on the year, just about flat for the s p 500. It is a real stalemate as we go into the el
The storm that caused problems moved on into the desert. It is nice across the entire state. As we look at our local radar. We dont have any rain. We have clouds passing through. Temperatures in the 50s, 60s. As we look at the evening forecast. The sway isnt swaying in the wind. High clouds at 7 00 p. M. A crisp evening ahead. And if you are stepping out tonight you have out door plans. Jackets are needed by 9 00 p. M. Low to upper 40s turning chilly by 10 00 p. M. We have 30s 40s in the forecast. Even colder heading towards tomorrow morning and i am tracking a storm that will impact part of your weekend. Thank you. Six people escaped a fire in a warehouse in oakland. Investigators want to know why they were inside the building that had been red tagged. It was deemed unsafe. We have the story. This morning the view from drone view 7 showing the damage from the fast moving over night fire. In oakland friday. This video given to us by a neighbor shows the flames out of the building. I se