Is now more popular than ever. And a president ial election in west africa mobbed by extremist violence. People are headed to the polls today, but a growing insurgency means many voters wont be able to cost their math and held welcome of the worlds wealthiest countries, wrapping up their online g 20 summit hosted by saudi arabia. The virtual gathering has been dominated by efforts to end the coronavirus pandemic. And the global recession. A draft declaration shows the biggest economies will pledge to pay for distribution of big 19. 00, vaccines and testing. So that poor countries left out Climate Change and the environment have emerged as a novel. As the summer draws to a close, u. S. President , donald trump defended his environmental record and justified his decision to pull out of the International Paris climate agreement. I withdrew the United States from the unfair and one sided, Paris Climate Accord, a very unfair act for the United States. The paris accord was not designed to sa
Jackie deangelis are both in new york. Speaking in new york laura engle is on Staten Island where a local Business Owner continues to defy shutdown orders. Well get to that. Start with you, blake, new developments on covid relief. What is the latest . Reporter i believe Senate Majority leader Mitch Mcconnell is on the senate floor or headed there. If we have the video and take it connell that would be fantastic. If not literally it is happening as we speak. We of course wait to see what eventually come of this. Live look on senate floor, Senate Majority leader Mitch Mcconnell. Just got there. So were still trying to see exactly what he says Going Forward on a pathway potential covid relief bill. We do know, connell that tomorrow the Bipartisan Group of lawmakers put forth this 908 billiondollar plan will actually release their legislative text. That should have an impact on how washington views that proposal. The president s top Economic Advisor larry kudlow was asked about it earlier
Unemployed virus spiking and vaccine is not coming soon enough this warp speed is too slow. As wall street sees it, worse news is better for a stimulus bill the nasdaq has been lagging. 70. Yet, we saw buying in many of the stocks really would benefit. B caterpillar hitting an all time high if you want to be in those, it is chevron or pioneer. The seven conductor stock, they just roar. The opening of america play. Will we get a stimulus bill . It is a Perfect Place to start a game plan next week. I fear that we are going to get hammered when we come in on monday lets be clear the Labor Department reported this morning 8 30 was a disappointment not a surprise if you are paying attention to the spike and covid infections of the death toll whatever reasons these kinds of number dont seem to be impacted by common sense. You have to believe a good chunk of the economy is going to get shutdown it is not the government, people it is going to be shutdown by fearful individuals who dont want to
Pfizers chairman admits that theyre not sure if someone can transmit the virus after vaccination. And call it a box office reset, warner bros. Will release films simultaneously in theaters and streaming platform hbo max it is a seismic change, carl, in the economics for those related to the film business and well certainly be willing to and happy to take a closer look and discuss it. Yeah. Fascinating change in the economics there. But, guys, jobs numbers, the story of the morning, jim, not just the number itself and the trend it outline, but the degree to which it is going to color the debate on capitol hill today and maybe next week. I think it is enough ammo to say, look, we have to do something, there is some areas of the economy that just are cannot be sustained. Dont forget, these numbers are ahead of what will be a gigantic eviction notice that more than maybe more than 13 Million People get in january. I think this number is just enough to be able to say, lets compromise it is
Concerns about jobs and especially about the coronavirus. Well talk about it all. Im connell shane, welcome to after the bell on a friday, and its time for the news thats happening at this hour. Our fox Business Team coverage, blake burman at the white house, Edward Lawrence is in washington, jer true willis in new york. Edward, we kick it off with you and the details on the jobs report. Reporter theres still some growth, plus looking forward to stimulus. Thats what the markets like. In november the economy added 245,000 jobs, almost half as much as the the experts thought. The unemployment rate, though, dropped to 6. 7 , well below what the federal are serve estimated from last summer. Now, the administration saying this is a fundamentally strong economy, and were moving very quickly in the right direction. Listen. President trump has always add slow e candidated keeping advocated keeping businesses open and keeping schools open. Thats very important. All right, thats a good point. So