Secretary this week, sharing a bleak Economic Outlook if the u. S. Fails to act. Listen. Its an american tragedy, and its essential to move with urgency. Inaction will produce a selfreinforcing downturn causing yet more devastation. David meanwhile, novembers Unemployment Rate comes down to 6. 7 . Thats good news. But the new job numbers were disappointing, signaling that the recovery is slowing a bit. And no wonder considering the determination of some local and state leaders to keep people from resuming normal life with draconian lockdown orders that call for even more restrictions. Listen. Regions where the icu capacitity is falling below 15 , we are now mandating that we are implementing a stayathow many order for three weeks. David the nations economic fate really hinging on the period of delivering the covid19 vaccine. But a slight setback there as well as pfizer admit es theyll be slashing their vaccine rollout target in half after a supply chain problem. More on that later in t
Well be on and bridge you all of the bring you all of the big headlines. First the november to remember dow surging towards best month since january 1987 s p and nasdaq handing in best work since april energy up more than 25 percent financials up more than 17 percent. Small caps, best month ever. Bulls werent hiding, check this out, each of the past four monday he got big vaccine news before the market open and look at diminishing returns, the market fell despite moderna requesting emergency use of its vaccine. So weve been talking talking black or white or red and green in terms of diminishing returns. I took that economic class my freshman year and learned all about diminishing returns which is why i often invoke it here, i think so, absolutely tell you something, the vix is telling another story. I thought a day like today, monthend i thought the vix would close closer to 25 but here it is closing lower on the day, maybe its a function of that specific security, but ill tell you giv
Comfortably. Hawkish headlines on china and weak Economic Data both weighing on market sentiment. The dow is down 300 points yearly it was down 350 about 20 minutes ago. We have 59 minutes left in the session. Big show coming up four. A true 2020 winner, et ceteray stock is up 250 this year we will talk to the ceo Josh Silverman about the holiday crunch and whether his companys momentum can continue. And arthur blank, cofounder of home tee poe, owns the Atlanta Falcons and atlanta mls team as well lets focus first on the stories we are watching today. Mike santoli is tracking the Market Action into the close meg tirrell has a vaccine update and phil lebeau has an update on nikola, that stock down020 today. Mike santoli first to you and the markets. A mild shake of the tree. Indexes backing off. Some of the stuff that was up the most this month is down the most today seems like a little bit of trimming there are probably unbalanced portfolios there you have we are roughly capped we were
The session. High intraday high russell 2000 continues its high but it, too, has faded during the session. The russell flat, the other indices negative coming up in todays show, well ask allianz chief economic adviser Mohamed El Erian about todays highs plus, the president of shopify about the companys new partnership with alipay mike santoli, tracking the market action. Meg tirrell has more news on pfi zechlt rs vaccine data and phil lebeau, covering the boeing 747 max. Mike, start us off here. Weve been dealing with a couple of issues, the market being a little stretched on the upside after that strong rally month to date. Over bullish sentiment has had a hard time getting traction, but no damage done at this point on the year to date chart were slightly above that september high by half a percent nothing damaging really happening here i wanted to zoom into the last ten days of trading or basically really more like eight days of trading, back to last monday, week ago monday. Pfizer n
Services. [please stand by]. Second, the budget assumes that placements of clients in other Housing Alternatives p predominantly in the second half of the fiscal year would allow the city to ramp down this s. I. P. Program as the other programs are ramped up, and thats essential because were planning for our world in unknown timing where the city will work to have these individuals housed but without the fibenefit of fema reimbursements. Our latest projections, which we published earlier today and which you all have, indicate that some early costs with some modest delays in the implementation of the project, its projected to go beyond its costs by approximately 75 million. The plan is heavily heavily re fema, and id be happy to answer any questions that the board has after abigail presents. President yee abigail . [please stand by]. Many who come from all over the city as well as our nonprofits have our deep gratitude for rising to this occasion, and our commitment to rehousing of ever