Joe biden announces his 1st key cabinet choices. Its a team that reflects the fact that america is back ready to lead the world. Not retreat from a judge biden is moving quickly to fill all king positions in his administration. Now that donald trump has stopped blocking the transition a math anyhow. Its good to have you with us lengthening the lockdown. Germany 16 state leaders have reportedly agreed to extend coronavirus lockdown measures into the sand and possibly into the new year. But exceptions ah, being made for holiday celebrations restrictions. So bridie in place have led to a leveling off of new infections. But germanys chi slowed remains stubbornly high. Just last week, chancellor Angela Merkel had called for even stricter measures, but she was met with resist. The pressure is on for the German Government to ease restrictions for the most important time of the year. For many christmas celebrations, right, nobel in stone, dam, unmarked square, would usually be packed with peop
More coming up. Get your tickets in advance lets go above the cloud. Back to you, laura. Looking at cupertino this online. We want to make sure that we morning checking out the south thank you very much, mike. Breaking news this morning dont have too many people bay. Our temperature trend still in San Francisco. There. As we look at our spread in the fbi says a former college looks very much like yesterdays temperatures across the bay area, were in the mid 60s in with some clouds to start researcher who lied about her clearing out and some upper 70s connections to the chinese today. San francisco and then you head well get a look at all of our military is seeking refuge at across the bay to oakland and in the chinese consulate in the the low 70s and up to 90 in mic microclimates in the forecast coming up. Antioch and reaching as high as 90 degrees in clear lake. Kari, a little progress on city. Last fall tang juan received to the Traffic Alert into san mateo and foster city. West 92 ha
A global trade unit of account in particular he pointed out that almost all cars at least where he lives in africa come from overseas like japan and theres a huge used car market where they ship the cars used cars from japan to africa and these people are paying for its with bitcoin right you know this is an example of an area of the world that was considered lagging but could leapfrog to the head of the class remember part of the reason china became such a huge economy is that they entered into the Global Economy during the age of mobile phones and there wasnt really you needed to build the infrastructure of the old copper wire base telephony same thing in india in africa because they are already mobile phone. Marianna oriented are dominated now with mobile payments and with bitcoin in Crypto Payments they are in a position to leapfrog the world and become the 1st hyper big quite as ation example and that would be an enormous if they could leave the world yeah of course for domestic p
Power lunch starts right now thanks. The s p 500 is pacing for its fourth day in row of gains for the First Time Since back in february lets get over to dom for more on the big movers. Here we are best levels of the day or near that with around 1 gains as you can see. One Industry Group to keep an eye on is the banks. You can see some of those gains as of late youre seeing here kbe, its up roughly 30 in the last 11 trading days stocks on the move include dollar tree after the discount posted better than expected results. Down along with other airlines as it announced plans to reduce expected labor forces. The shares moving up about 5. 5 . Back over do you thank you despite the comeback we have seen with the s p 500 now up 39 from the march lows. Millionaires in america remain skeptical of the market. Wealthy investors betting on a slow and they are hoarding cash a majority of millionaire investors say it will take a year for markets to regain february highs one in four say it could tak
Fox Business Team coverage. Phil flynn is the man of the hour watching all the oil action for us so well get to phil. Lauren simonetti on market. Blake burman from the white house. Well have more reporting from washington. Phil, like i said you you are te man of the hour. You never saw a day like this. Take us through it. Never in my life. A lot of people watching this market never thought they would see a day like this. You have a perfect situation where the contract coming for delivery with no demand there is somebody out there right now that wants to sell oil and there is nobody there to buy it. In fact this is the first time weve ever seen this kind of situation, connell, and it could be a shortterm situation because you look at some of the back months and the price of oil, there are still relatively strong compared to the front month but this is a disaster. It is a disaster because opec didnt act fast enough to cut production. It is a disaster because u. S. Producers didnt pull ba