Like in the fall. And mothers messages. New moms tell us about living throsi a their hopes for the future. Mothers never give up hope, but first, heres todays effe vaccine and unless something very unexpected happens, our viral enemy will be with us for many months and possibly many years. The former head of the cdc warned the scope of this pandemic is unprecedented. The worst thing that can happen is three to four weeks from now we see the numbers are really going up and then we have to decide whether or not were going to reverse course and ask people to stay home even more. Nearly 3. 17 Million People filed for Unemployment Benefits last week. It brings the total to more than 33 Million People over the past seven weeks as lockdown orders started. The president is taking heat for not wearing a mask during his tour of a mask factory in arizona. I actually did have one. I put a mask on i had a mask on for a period of time. We didnt see you in a mask. I cant help it if you didnt see me.
Word overnight the republicans will take another day to work on their plan. Theyre explain whats holding them subpoena our chief washington correspondent, kevin cirilli. Youre our washington reporter extraordinaire. Take us inside the caucus. Is this just tweaking details, or do they have real problems . Kevin they have real problems, particularly how to pay for it. Theres been division for quite some time on 401ks, as well as state and local Tax Deduction eliminations, and now phasing lowering the corporate rate. That is really going to be at potential risk. That said, the chairman of the house ways and Means Committee released a Statement Last night saying that while they are delaying the release of this legislation, legislative proposal until tomorrow, it is not going to hold up the markup, or the Committee Hearing that is going to be public next week. So all systems still a go for the markup. Where this poses potential problems in terms of the tameline by passing this at the end of
If it holds. It could lead to a rally of sorts, and thats exactly whats happened here in the last hour here. We have a sense this was coming from the european session. You would have gone through the news flow about aid for Banco Espirito, some of the geopolitical stuff thats extremely troubling. Things would look different today. Not the case. Even oils struggling to catch a bid. Investors are awaiting a key Earnings Report from aig, due out in about an hour. It has a new ceo coming in less than a month and is trading at idiscount to peers. The numbers could definitely move the stock. Well have the information first and your analysis right away. All right, also, the president taking more shots at some of his favorite targets, namely wealthy businesspeople. I mean, if youve been watching television today, you know what he said. If you havent, then you will hear more of those comments where he told ceos essentially to stop complaining. Plus, well take a closer look at the president s re
And Reynolds American moving of 0. 23. So forget what i said about decisions have a huge impact on stocks. And remember convicted ponzi scheme mastermind Allen Stanford . Remember him . High Court Considering to shut down classaction lawsuits from investors. The ver victims who lost billios investing in a 7. 2 billion scam. The justices are expected to rule on that case sometime next year. This is massive breaking news. But you never heard me say this. Putting the pressure on a stock right now. Nicole petallides on the floor of the New York Stock Exchange. What is this about . Nicole lets break the news right here. Talk about the wellknown of boots, ahead of this company. The shares are to the downside nearly 7 lower. There have been talks based on some surveys, warning the sales trend has been dwindling, and so now the question is if the company is using sheepskin substitute. That may be for some of the boots. Do you want uggs if it is a substitute . Maybe you do, maybe you dont. Mayb
Internet and biotech names lead the way. It added 7 points. In europe right now, markets around the globe taking cues from what theyve seen right now. I take that back. You see red arrows. The dax in germany down by 0. 4 , the cac down by 0. 4 and the ftse down by a few points. Dow futures down by 52 points below fair value, s p 500 futures off by just over 6 points and thes that dock down by about 15 points. The bond mark set where a lot of the attention is being paid. The tenyear is 2. 545 . The markets get the weekly jobless claims report coming at 8 30 a. M. Eastern time. Economists are expecting a reading of 320,000, down from last weeks reading of 326,000. Right now lets get over to andrew. He has some of todays top corporate stories. Thank you, becky. Big news this morning. This may weigh on some of the regulators in washington. At t is in advanced talks to bring ultrafast internet to six North Carolina cities with speeds up to 1 gigabyte per second or ten times the current fast