Listen live with the radio app. Lawmakers held a News Conference to unveil a bipartisan covid19 emergency relief will. Ae measure would provide liability provision. This is about 40 minutes. Phones off. [laughter] you might want to put your phones on silent. Phones on silent. Everybody have their phones on silent . Let me welcome all of you, thank you for being here. Intense effortn and we want to thank staff for doing this work. As you see, we have with us a Bipartisan Group of people working diligently for the last 30 days or more to try to get to a conclusion. This is covid emergency relief framework. This is exactly what it is. Can you hear me . Ok. Back off. Let me just say that this is an intense amount of work the staff has been doing for quite some time. Every senator, every congressperson here has put an enormous amount of time on this inperson and on the phone. This is a covid emergency relief framework. We have worked in the best interest of what we believe is great for our
Trillions from washington, more printing by the fed, that is a shot in the arm for stocks. Look at this, the dow industrial is going up maybe 300 points plus at the opening bill. The s p up 33, nasdaq up close to 100 points. Investors are really shrugging off the new round of stay at home and lockdown orders. And restrictions, were new ones in new jersey, ohio and california. And, yes, another case of lawmaker hypocrisy. L. A. County supervisor sheila are cool voted to ban Outdoor Dining at restaurants and then promptly went out for an outdoor meal at her favorite restaurant in santa monica. Youd think theyd learn, wouldnt you . Weve got a big show for you. Were going to introuse you to monetary introduce you to monetary theory. You dont pay for anything. Youll meet the man who declared an autonomous zone around his bar. Now, that is defiance. And youll meet the california guy who is flipping burgers on the sidewalk because they shut his restaurant down. And today, yes, we have got a T
Hospitalized on the 15th of november, more than the first wave, we have begun to see a gradual decline. The number of people in intensive care units due to covid19 went from 4900 to 4300 today. From this data we see the peak of the second wave of the epidemic is over with. Last time i spoke, we were worried figures would be even worse than this. We avoided those. Firstly because our efforts, yours efforts have paid off. The spirit you displayed was effective. Furthermore, we learned to better cope with and treat patients to avoid some of the serious forms that could have struck down our fellow citizens and weighed more heavily on our icu units. I would like to pay tribute to devotion of the hospital and Health Care Providers who cope with this in spite of the fatigue. I pay tribute to the associations, volunteers, professionals, who also provided assistance. All of us together have been able to save lives. We have been successful in slowing circulation of this virus, but we mustnt lose
Come whichrevious also been revised higher. There was some expedition that as prices come up because of the fact you can get cheap lending at the moment or cheap borrowing , you would expect that at some have, that would start to an impact on a month by month basis. Nevertheless, the market was looking for this month on month number two actually slow, and that hasnt happened, which is really interesting and the light of what we are starting to see in the employment market. We saw initial jobless claims out a little bit earlier on. Youre starting to see the negative data could begin from the employment side of the economy, starting to come in a little softer. Bloombergs mike mckee joining us now with the details of that. Michael at one point on the housing numbers, existing home sales or closings, so these contracts were signed a couple of months ago when things were a little better in the economy, and we got low mortgage rates, so the one thing the fed has been able to do is stimulate
The number of people at the thanksgiving table get smaller with fewer people traveling. Comedian Dave Chappelle goes to war with a Major Media Company over a popular show he says he never approved. And meet norbert the cat Tristan Flanigan is giving millions of hits early today starts right now glad youre with us. Im frances rivera. And im phillip mena. On whats normally a very busy travel day, the country is facing a pandemic and extreme weather. Dangerous thunderstorms rolling a i cross tacross the south ovet at least one Apartment Building was also ev evacuated there have been Power Outages after winds ripped down trees and power lines. Coming up, meteorologist bill karins will tell us what more we can expect from holiday storms president elect joe biden sat down with our lester holt. He revealed whats on the agenda in the first 100 days in the office. Tell us about day 1 in the white house and your first 100 days what are your priorities going to be . Some of it will depend on the