Up to deliver vaccines to remote areas. We start on wall street where the Stock Market Rally continues with the s p 500 and nasdaq closing at new record highs. Americas Top Companies are reporting better than expected results. The senate is inching towards passing President Biden s 1. 9 trillion stimulus package. And theres been another fall in the number of americans filing forjobless benefits a sign the Labour Market is stabilising. There are still huge problems facing the worlds biggest economy but investors believe the flow of cheap money from the Federal Reserve will keep on coming. The biggest problem isjust that we have 20 million americans who are still in some state of receiving Unemployment Insurance benefit so we still have a really long way to go on the labour front and that take quite a bit of time to resolve. But gdp and output may recover faster but it will take more time to employ that many americans. I think it means that for market, we now believe that for market, we
Astra zeneca says the vaccine it has developed with Oxford University is up to 90 percent effective. But its cheap to make and easy to store. And china launches an unmanned spacecraft to the mission to bring the lunar rocks back to earth. A Rocket Scientist, what success would mean for chinas states . Yes, welcome to the program. A key federal agency has told joe biden, the president ial transition can begin after donald trump directed his administration to cooperate in the handover process. In a tweet president , trump said he no longer opposed government aid for bidens transition team. Its a close as yet. Hes come to conceding defeat, and earlier us president elect joe biden announced his nominations for 6 top positions in the senate in his administration. And they include his longtime adviser, Anthony Blinken for the position of secretary of state. Former secretary of state john kerry is Climate Change envoy and john and yet as treasury secretary, well for more on this, so im joined
Lemonis and yet she still doesnt want to take the risk to adapt to the latest trends. Maggie i dont think i would call myself a rebel. Lemonis what would you call yourself . Maggie safe. Lemonis . Even if thats what the customers want. Woman 2 you need to be more aggressive with the style of the leggings. Maggie no. Lemonis if i cant get this owner to think creatively. Maggie i like the shape. I like how it fits the waistline. Susana its really mediocre. Maggie thank you. Lemonis . Her beloved fashion brand may go out of style forever. Honestly, i wouldnt take any of that. None of it. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning wondering if we have a job. Were going to wake up every morning wondering how many jobs we have to do. Its not always pretty. Everything is going to change everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. The athleisure industry has
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
At 211 a share, now its 213 up again, those two Companies Amazon and microsoft have huge and growing cloud operations. That is a big part of their stock rally. Now look at tesla, 142, yesterday closing 1600 a share and this morning its up 11 bucks, 1654 but it is up again, are these tech stocks a bubble, is it like the dog, the late 90s, ive never seen anything like this before. Now look at the overall market, the Dow Jones Industrial going up again, maybe 150point of the opening bell, the s p of 21 points, two thirds of 1 . Look at the nasdaq, a half percentage point and more because a big tech again. The market is also getting help from the europeans who reached agreement on a near trillion dollar rescue plan that helps and they are still negotiating a plan for the United States as of right now. Bottom line, big tech in the market going up again today. A different story in our cities there is a confrontation going on on one side local largely democrat mayors on the other federal auth