Another 8 today. Facebook, twitter ceos appearing on capitol hill. Mark zuckerberg and jack dorsey were on the hot seat over censorship concerns. Well have the highlights from their testimony in just a few moments. Im connell mcshane. Welcome, everybody, to after the bell. It us great to have you with us. Time now for the news happening at this hour. Fox Business Team coverage. We have blake burman today in washington, susan li and Jackie Deangelis both in new york an gerri willis coming up. She is watching the retail numbers. Blake, lets start with you, any update from washington on the stimulus talks with virus numbers continuing to spike . Potentially, connell, when you look especially down the road, december 11th. Why . Lawmakers need to come together to pass a spending bill so there is not a government shutdown. That is significant in its own right. Why is that also important . Because there is now starting to be some talk in washington about whether or not lawmakers could also ad
Entered a new wave of cases. Europes twin battles. E. U. Leaders make no progress. Chancellor merkel says finding compromise will be difficult as france and belgium are said to have urged e. U. Leaders to step up contingency plans for a nodeal brexit. Very good morning to you and happy friday. What a week it has been. Witharted the week off optimism and euphoria with markets on a high into vaccine news and we will be ending the week on a much more sobering tone. The news coming out in the United States, california imposing a new curfew, with pressure on officials. We wake up to a public clash between Steven Mnuchin and jay powell on unused lending funds and we saw that hit the futures market. S p 500 futures paring some of those losses. We have nasdaq futures relatively flat this morning. Treasury yields steady. In the pound, north of 132. We do have sources telling bloombergs that Emmanuel Macron is urging his e. U. Counterparts to start drawing up contingency plans for a nodeal brexi
Workers of an annual cost of a billion dollars and thats why the stock is down. Down 1. 6 . Tesla, the stock thats going straight up and it has nothing to do with the virus. Tesla, 500 index meaning a lot of Money Managers have to buy the stock so up it goes and by the way the gain of 53 13 makes elon musk the third richest person in the world. Overall, the market is in a mild selloff mode. Dow jones closing and 29950. Its retreating a bit. S p down about 25, nasdaq a slight gain. A big tech is doing okay. We are in creeping lockdown mode and thats the problem for the markets as many states and cities imposing new restrictions as virus cases arise. Wear a mask in north dakota, utah. No Indoor Dining in california, michigan and in philadelphia, no indoor football watching parties. My opinion, thanksgiving next week, confrontation is coming. Who will enforce limits on your thanksgiving celebration . Where does president elect joe biden the stand, lockdown joe, where does he stand . Hes n
Now because you are only the second wealthiest man in the world, right . Many companies are racing for a vaccine. This ceo is emma wants me. Has a vaccine that will help cure covid 19. How me times a day to people ask you when youre vaccine will be available . Regularis a very question. Have alluently, we been delighted to see the very recent years that some of the first results coming through on vaccines. Yesterday, i was on a call last globalith 10 of the pharmacy ceos that are heavily involved in bringing solutions to covid. We are excited and optimistic to see the first data come through and looking forward to seeing more come through in the next six months or so. We have three vaccines and the clinic and to therapeutic treatments. Everyone is understandably inpatient. We wipe off with the pandemic 500 billion of value with the world. I think that we can be increasingly optimistic that the science will win. Mobilizedry that has so fast it will start to bring Scale Solutions and we
Few smaller scattered crashes and well double check on the crash in san leandro coming up. Well check back with you. Thanks, mike. A live look at the white house this morning and we get to hear from the president on Election Results. But this morning, president elect joe biden is lining up his cabinet. The president , meanwhile, doing the exact opposite. Tracie potts live for us in washington. Tracie, growing concerns on what mr. Trump could be doing with the pentagon. Exactly. The changes at the pentagon some are concerned may also be related to his refusal to accept the Election Results and now National Security officials retired generals, retired Intelligence Experts and others are raising concerns, sounding the alarm about the impact of those changes. Mark me down as alarmed. Reporter military experts are concerned about President Trump replacing mark esper and other pentagon officials with loyalists. This is just a tantrum of a president trying to accommodate himself to the outcom