He is expected as a virus numbers continue to spike around the nation to give an update on operation warp speed and talk about new developments in the race for covid19 vaccine. At the close you look at the numbers, the vaccine helps as well with upbeat corporate profit a rally not far away from a record high, it was flirting with the record, needed to be 470 but lost a little steam in the final minutes of trading, a strong day, the s p that is a recordsetting, closing up by 48point, as it settled in what appears to be the 23rd record close of the year for the s p 500 and we want to monitor the smallcap stocks today and the russell 2000, the russell closing in record territory what is significant for the smaller stocks, the first time in more than two years we have seen a wrestled record, the s p up in the second straight week, adding more than a thousand points. We canoes and big tech brought the nasdaq into the red, those are your numbers as we come to you on a friday, im connell mcsh
Under siege. But front line er doctors still manage to send a message of hope plus, weve got a live one shark tanks mr. Wonderful kevin oleary in the news tank, talking Small Business survival. Live from cnbc global headquarters, the facts, the truth, the news with Shepard Smith. Good evening. The United States just topped more than 13 million covid cases, according to johns hopkins. Los angeles has just issued a new stayathome order it starts on monday. A full report coming and all of this as the virus has disrupted another american tradition. Black friday, normally one of the busiest shopping days of the year not in covids 2020 in many parts of our nation, thinner lines at stores. Smaller crowds at malls. Many people opting to shop from home instead its a trend accelerated by covid. Shoppers projected to spend as much as 10. 6 billion today. Thats according to the data firm Adobe Analytics and thanksgiving day spending rose by more than 21 compared to the same day last year. Total sp
How to get through this. Its been an extraordinary outcome. One i could have never perceived could happen in march when we were scrambling for ppp loans, the majority of my companies were cash flow negative we shut down retail, until we went through this extraordinary transformation we would have never shut down our headquarters we would have never assumed that we could make a pivot and start selling direct to our customers instead of through retail. Thats exactly what happened and when you sell something direct to a customer, you make almost 100 cents on the dollar versus 0. 50 when you sell through retail thats the reason that theres a massive digital pivot going on, and theres major cost savings also occurring i could have never foreseen this, 15 of my staff including the areas of accounting, logistics and compliance never want to come back to the office. Wow. Theyre raising kids at home in the suburbs, taking care of elderly parents. Another major savings. This is happening to ever
Covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the elected officials that have had the response ability to make very tough decisions with limited and highly imperfe
I thought it was and i originally set out the title of early treatments for covid essential component of a covid solution. It was inevitable was inevitable that the coronavirus pandemic would be politicized and this is a tragedy that it was paid from the start i knew it was impossible to have a perfect response and we are facing a new virus that caused an entirely new disease. No one wanted to under react and as a result i fear the tendency would be to overreact and create Unrealistic Expectations regarding our ability to stop a highly contagious pathogen. The challenges facing us were daunting and our National Strategic stockpile have been reduced during the h1n1 pandemic and had not been replenished. It took time to develop reliable tests and even more time to Scale Production to meet the demand. The fact that a large percentage of people that become infected exhibited no symptoms made the coronavirus even more difficult to detect and contain. I have tried not to criticize the electe