Safe thasgiving, it was far from the traditionalgathering with family and friends. I hope you had a good thanksgiving. We know times are tough but i wanted to know help is on the way. Last week i announced the nominations of staff for a critical Foreign Policy positions. The first rate team thats going to keep us safe and secure and today i have the pleasure of announcing key nominatis appointed to the critical economic positions that will lead this nation. A first rate team thats going to get us through this ongoing onomic crisis and helps build an economy not just better than it was before. A team thats tested and expeenced that includes groundbrking americans that come from different backgrounds and share my core vision of econic relief here in the United States of america. To give them a fair shot and equal ance, theres nothing beyond the capacity of the American People. Lets not forget who built this country, workingclass and middleclass people built this country and unions built
Jimmy li will join me this hour in this exclusive interview. Markets on the upswing to begin futures. Take a look at dow industrials 344 points. Nasdaq up 109. Thats almost 1 . S p higher by 9 points. The dow posting best month since 1987 with gain of almost 12 , other averages also higher by 12 and 11 all this as we await key testimony from federal jay powell and jimmy mnuchin today and unused covid relief funding. Return to high seas, we are taking you on a port on how they are getting ready. Another missing monolith moved. Making a buzz this morning. Mornings with maria live right now. Maria all right, european markets meanwhile look like this as rally is underway on wall street. European markets higher across the board. Ftse up 123 points. Almost 2 , cac quarante up 62 and dax index up 135. British factories reporting fastest growth in 3 years. Purchasing Managers Index rising to 55. 6 in the month of november. In asia overnight green across the board. Chinas manufacturing pmi54. 9
Thanks to pfizer well have a vaccine by the end of First Quarter that news sent the market soaring. The dow is only surging 830 points that tech heavy nasdaq, the demand of so many stocks that did well under covid19 tyranny lost in an astounding 1. 53 . What a bifurcation it is also the time. We are in the middle of a spike of infections. New cases are exploding over the country, over 100,000 a day and even the weekend we are much treating it in the spring that only matters if we have enough hospital beds a lot of people are having cavalier attitude. Hey, you are fine unless you are old. Well, guess what, a lot of us are old. The sense is understood and respected. When you have more than 100,000 new infections everyday, you are looking at a lot of fatalities we need this the truth is we tried to fight the pandemic state by state. That failed. Europeans are failing too, i know, asia is doing great. If we were serious of Contact Tracing and social distancing and wearing masks, we may be
Wall street is looking for any clarity on stimulus following President Trumps tweets, suspending further negotiations until after the election yesterday but calling for targeted relief since then for airlines, Small Business and a new round of 1200 checks. Eli lily saying its seeking emergency use authorization for antibody treatment dr. Gottlieb says its a major step forward got a bit of reversal from yesterday. Quite so. On todays show, restauranteur danny meyer putting out a plea for lawmakers to come up with a stimulus plan. He will discuss what it would mean for the Hospitality Industry if help doesnt come through soon plus kara swisher on whether any of that will mean real change Steve Liesman has the fed update for us, and joining us to break it all down is jeff sherman from double line capital. Steve, lets start with you. Wilf, thanks. Fed officials in their meeting from september had begun to have concerns about the possibility additional stimulus would fail in congress. They
Public Health Officials are trying to get the word out here. To be vigilant, keep the masks on, continue to social distance. Allie joins us this afternoon to explain why some popular spots will be closed this coming Labor Day Weekend. Reporter in the past, in previous years whenever you had triple digit temperatures inland and a three day weekend it usually means people flock to local beaches. This year, with covid19 still an issue, Public Officials are trying to change the trend. The Public Safety message make your labor day plans local, limited to your family to prevent the spread of covid19. All regions are closed this weekend. If we have our beaches 250, 300 people, we are in some serious issues. Reporter hiking trails of the pacific will remain open, still were beaches in Half Moon Bay. In santa cruz most beaches and state parks are closed. The idea behind the partial closure was to discourage out oftowners to get smaller locals a place to escape the heat. The daytime closure will