Factory there. Thats a battery factory, in case you didnt know. Wait until you meet the brothel mogul who helped make it all happen. Sue in the nyc. Stocks are fighting back from earlier losses. The dow and the s p now both close to wiping away the weeks losses. Right now the dow is up about322 points, the nasdaq up 4, and the s p up 4 as well. After that jobs report, you can see that on the left side of your screen, things have normalized a little bit at 2. 43 on the yield. The dollar heading for eight weeks of gains. Best winning streak in 17 years. That, of course, as the European Central bank puts in more qe. Oil and a lot of the commodities today have been on the down side. Ice brent crude down almost 12 , same for stexas international. In terms of other moovrvers, co goldman sachs, boeing the biggest drag, but theyve also improved. We want to call your attention to biotech. Its down about 1 , a little less than that now, but up 40 in a year. And the ibb is the trek that tracks th
Likely invest with. And mission critical. Americas cities fund a big chunk of our economy, but many find themselves in a financial bind. Tonight, we begin our fivepart series in oakland, california, to see how that city is trying to fix itself. We have all that and more tonight on nightly Business Report on this monday, november 18th. Good evening everybody, and welcome, it was not easy or smooth. But the dow closed at another alltime high today, its 39th of the year. Perhaps equally notable the dow crossed the 16,000 mark for the First Time Ever a and the s p scored its own first, piercing 1800, neither held it long, though, stocks got an encouraging bit of news by William Dudley who says that the banking will strengthen. The jobs pictures will improve and so should consumer spending, but late in the day a wet blanket got tossed, coming by carl icahn. He called some Companies Earnings a mirage and says some companies could have a big drop. Well, it was not big, but the number did drop
Good day, everyone. From msnbc headquarters here in new york, welcome to weekends with alex witt. Were going to bring you up to date now. Covid infections are spreading in six days before thanksgiving. Dr. Fauci reiterating his plea to stay home this holiday. Take a moment to do what i call a risk benefit determination. If i have someone in my home who is elderly, someone who has an underlying condition, do i really want to put that person at risk from someone who innocently or inadvertently could infect them . The head of the government Vaccination Distribution Program said the first doses could be given out by december 12. The vaccine will be distributed to states within 24 hours of fda approval. The fda granted emergency use authorization of the antibody treatment given to the president last month. It has shown to keep the severity of an infection low if admin ste administered early. And three states, north dakota, montana and iowa have enacted statewide mask mandates. Scott kohn is
Better. Some red arrows in europe as Indias Parliament continues to fight about berlusconi. Our road maam begins with the s p, looking to claw back some ground after yesterdays closing at the low, below 1,700, the longest streak of the year. Jcpenney had been pointing down sharply again on continuing concerns on whether they need to raise capital and just how much. But the stock looking up after the Company Comes out with a release saying, hey, were still seeing progress here on our turn around. Well have the entire story in a moment. 11 billion is what jpmorgan could end up paying to tie up security probes. And jcpenney did fall below 9, getting close to an historic intra day low. The company has a statement out saying theyre pleased with their progress thus far in their turnaround, starting to see greater predictability in its performance across many areas, improved by its purchase conversion, which has been a longtime Sticking Point and anticipates will experience positive comps com
Economics and the church. And how much home does a Million Dollars buy you in different parts of america. Our trademark Million Dollar homes feature is back. Main street edition. Meanwhile, sue, check in at the nyse where the selloff continues. Yeah indeed, it does. Thank you. Stocks in the red as investors chew over that budget deal. Many thinking that perhaps that will lead to some fed tapering. Were going to talk about that. The Dow Jones Industrial average is off 86 points at 15,887, the nasdaq is down 39 points, almost a full percent on the nasdaq and the s p 500 is down 13 points at 188. 64. We are moments away from the results of the key tenyear note auction, the last auction, last note auction before the fed and might give us some kind of indications if you will about whether or not the fed might be tapering or whether wall street thinks the fed will be tapering. Talk about this with Kenny Polcari and bob pisani. Kenny, you dont think theyre going to taper but the budget deal y