Answers and there are many stories make up your double made for mines. , infection rates are rising and so are jobless claims. U. S. , economy, braces for another blow as chase numbers reach, new heights. More states impose business locked outs with the latest from new york. Also on the show deal or no deal. Time is running out for brussels and london to agree to a trade agreement. Before the new year, a coven is complicating the negotiations. And will drop in on the french film industry. Actors and production numbers are bouncing, worked with safety, made a 2nd wave of growth of hers infections. Welcome to the show. Im Stephen Beardsley in berlin. Its good to have you with us. The new figures show u. S. Jobless claims have risen for the 1st time in more than a month. The countrys Labor Department reporting that 740000 americans applied for Unemployment Benefits last week. Thats up about 30000 in the previous week. The rise suggests that climbing infection rates and tightening business
Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
A lot of us a back and knocked down. The thrill of life in the big city is dwindling. In fact, that life in general is changing in a big way, is coated 19, redefining cities as we know them. Well, besides getting people to accept that mosques, good hygiene and social distancing do actually help in preventing the spread of diseases like, oh, that is just one thing id like to ask my workmates, friends, family, and everyone else out there. Lets make this work. This is a once in a lifetime chance to change our working world for the better. Lots of us probably never thought we could do our jobs from home. What a great opportunity to free up more time instead of commuting, be more creative and productive. It can take a lot of discipline, though not to get into lazy habits. This is a totally new way of working and is also a lot more that could change. Besides those i think ever return to normal cities teeming with traffic. People moving freely with no fear of covert 19, how will this pandemic
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