On wednesday following a report the White House is preparing to formally block Nippon Steels 14 Billion takeover bid. People familiar with the matter say a decision could be made as soon as this week. The move would be highly controversial and critics say it would lead to Job Losses and could chill foreign investment in the us. For more, heres our North America Business correspondent Ritika Gupta in new york. Nippon steels 14 Billion bid to acquire united States Steel has been caught in the crosshairs of an election year, and in the crucial Swing State of pennsylvania, where us steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees Kamala Harris and Donald Trump have also both Committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of Nippon Steels bid say the us shouldnt reject a bid from a
I want to thank her for an sent the National League of cities in the National Association of counties for their sheer dedication to this issue on badly needed federal assistance as we continue to fight the covid19 pandemic. A quick note for members of the press joining us today, we will take questions after brief opening remarks. If you have a question, please put your name and media outlet in the chat and well call on you. Im keeping this brief and to the point. Im keeping this brief and to the point. Local leaders have been sounding at definite alarm for months about the need for direct fiscal assistance from washington as the virus rages in our city. Fences are skyrocketing. Our essential lifesaving services are strained. The need for public assistance is through the roof. This has been going on since the beginning of the pandemic since march of last year. Today, only 38 cities have received direct relief yet mayors everywhere continue to do what we do everyday. We get it done. We r
And we can protect california for generations to come. Feel about protocols. Breezy and cool. Abc news at 11 00 starts right now. Building a better bay area. The individual decisions that we make and you all make together do add up and do make a difference. The bay area is seeing a third surge of coronavirus cases, and tonight were getting a clearer picture as to the cause. We are. Good evening to you. Kate larsen is in the newsroom. You spoke local Health Officers about whats really driving this latest spike. When San Francisco moved into the yellow tier last month, Health Officials knew cases would go up as the city opened, but they were surprised at how high cases have surged. Many groups are letting their guard down. San Francisco Deputy Health Officer dr. Susan phillips says the third surge is different. We have a higher proportion of people who are white testing positive. Latinos still account for the largest number of cases in San Francisco. But the overall percentage of cases i
G20 meeting early this morning and the biggest subject was covid. Yeah, no kidding. Saying covid is the biggest topic at the g20 is like saying, i was at the oscars, and the big subject was movies. And then, he skipped the session devoted to Pandemic Response to play golf again. Theres the caravan of carts. And there he is, aintdoin, jack nicklaus. As graceful as a dumptruck. He golfed on saturday and sunday this weekend. Ive never seen a guy try so hard to keep a job he doesnt even do. This is his schedule today. No Public Events again. Just some eating and private screaming into a mypillow. On friday, he did do something. He attempted to personally interfere in the election. He invited the Senate Majority leader and speaker of the house for the state of michigan to the white house. For some bigly buttering up. That didnt work, because today, the michigan board of canvassers certified the results, officially declaring joe biden the winner. Trump had another big loss in pennsylvania to
The open this morning we will get really close again to 30000 on the dow. Heres another positive in all the transition from trump to biden has begun and investors like it, the dow was up 1 , 300 points, s p up three quarters in the nasdaq up close to half a percentage point, lots of green this morning and theres this, john kerry is back, the climate envoy and will sit on the National Security council, not good news for Americas Energy independence. Kerry will try to take us back into the paris climate record, but here is a guy taking us to the future, elon musk, yesterday as tesla stock rallied musk gained 7 billion in one day, he is worth 128 billion in the last week he surpassed Mark Zuckerberg and bill gates to become the second richest in the world, jeff bezos remains firmly in the number one spot. On todays show lets celebrate thanksgiving, the timing on the restrictions but resistance is growing, scott shalit he will join us from arizona hes part of the great exodus and will take