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
Concerns about jobs and especially about the coronavirus. Well talk about it all. Im connell shane, welcome to after the bell on a friday, and its time for the news thats happening at this hour. Our fox Business Team coverage, blake burman at the white house, Edward Lawrence is in washington, jer true willis in new york. Edward, we kick it off with you and the details on the jobs report. Reporter theres still some growth, plus looking forward to stimulus. Thats what the markets like. In november the economy added 245,000 jobs, almost half as much as the the experts thought. The unemployment rate, though, dropped to 6. 7 , well below what the federal are serve estimated from last summer. Now, the administration saying this is a fundamentally strong economy, and were moving very quickly in the right direction. Listen. President trump has always add slow e candidated keeping advocated keeping businesses open and keeping schools open. Thats very important. All right, thats a good point. So
President trump saying youre welcome for the market milestone, this as joe biden lays out his cabinet picks and the plan for his first 100 days. We have insight all morning long. We hear from Chris Bedford from the federalist, tennessee senator Marsha Blackburn, michigan congresswoman, Debbie Dingell and laura trump. Stimulus showdown, millions of americans are waiting for another plan the to finally get pushed through congress, treasury secretary Steven Mnuchin meantime will move unspent stimulus money out of the Federal Reserve, if you will. This is rescue money. And it needs to be reallocated by congress. So thats on nancy pelosi. Tax threats, new York Governor Andrew Cuomo promising a new income tax for the state if the government does not give out more coronavirus related aid. Okay. Keeping an eye on the Holiday Shopping season, weve got the best deals you can expect ahead of black friday and cyber monday. And mystery in the desert, an other worldly discovery in utah have people a
And tried to frame or influence officials of his campaign, his Transition Team and President Trump himself. Those efforts to subvert President Trump and his administration have been nothing less, in my opinion, than treason. An attack on our Constitutional Republic, an attack on the American People. Their conspiracy in league with the democrat party, its leaders and the corporateowned leftwing National Media has reached the end game. We are at the conclusion of what has been a fouryear assault on donald trump. The culmination of first an 11month fbi investigation, then the baseless special counsel that resulted in exoneration for the president , then a specious, fraudulent impeachment led by the cynical and sinister capitol hill democrats. They are nothing less. And now a National Election that has amassed more irregularities, more anomalies, perhaps more fraud that will be focus of this evenings broadcast. We have a lineup of guests for you this evening to take up the president s figh
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