Morning for all of these lawmakers. Bring us up to speed on whats going on now and what it means for americans who need help in the pandemic. Reporter i thought when i woke up this morning i thought it would be over and its still going on. Voterama is still going on. Marathon session to try to pass amendments for budget reconciliation. First step that needs to happen so that they can pascoe individual 19 relief without any support. Now the senate doesnt do this very often. It shows how important it is. There was one amendment that all senators agreed on except for rand paul. Targeted stimulus checks for the next round of covid19 relief. This comes as 10 senators were clear with biden they want to continue this dialogue. They want to continue talking about covid19 relief. They have concerns about his 1. 9 trillion package. They want something smaller. They want something more targeted. They sent a letter to him hoping to continue that conversation, but janet yellen has been clear, she s
Gyms theaters, for about a month. Were following all of that. We have fox twist Business Team coverage. Grady trimble, in chicago. New restriction being imposed. Edward lawrence on the tech hearing in washington. We have to first hear from Ashley Webster with the market selloff. What a day. Ashley all proving to be a toxic formula for the markets as Investors Cash in and the vix fear gauge hitting the highest level since midjuly. As you just said, connell, the dow, the s p, the nasdaq all down 3 1 2 on the day. We saw a little extra selling heading into the bell. Maybe that news out of france, adding to germany on a national lockdown. May be a lockdown light. Never the less, businesses will be closed, that having impact. Shares of hotels, airlines and cruise lines all hit hard as covid fears grow for the economy. Check out the airlines. American down 2 1 2. Delta 3 1 2 . Southwest four 1 2. So on and so on. Jetblue down 6 1 2 . As for the cruise lines who just cant buy a break like the
Weve got to turn this around. One of the nations leading Public Health experts, dr. Jha is back with us live. In the hot seat. Judge Amy Coney Barrett set to be grilled by senators this morning including vp candidate Kamala Harris after a heated start to the hearing. By replacing Justice Ruth Bader ginsburg with someone who will undo her legacy, President Trump is attempting to roll back americans rights for decades to come. An abc news exclusive. Breaking her silence. India, the daughter of dynasty star Catherine Oxenberg, speaking out for the First Time Since breaking free from the socalled sex cult nxivm and its leader Keith Raniere. He is a predator. Saying she was recruited in a secret society by a famous actress starved and brainwashed. How her mom rescued her. Youll see it only on gma this morning. A hikers terrifying Close Encounter with a cougar. No. I dont feel like dying today. The six heartpumping minutes caught on camera of the Mother Mountain lion stalking and lunging at
Stock, for chips, for 5g and lot more then there is prime day. What about emerging alternatives to amazon this Holiday Season . Well talk about that straight ahead, john. Yeah. Carl, i cant emphasize enough how important the iphone is not just for apple, maybe even not for apple as much as for the industry overall the carriers really need somebody to sell 5g which has not been built out as quickly as they promised. Then the components inside the iphone open possibilities for App Developers they put money in the pockets of chip makers. There is a lot, a lot riding on this, carl of course, jon. Lets turn to josh lipton. So, carl, what do we think tim cook is going to unveil exactly tomorrow the team Morgan Stanley says anticipate four new devices including, they say, a 6. 7 inch iphone 12 pro max. That will be the largest iphone display ever complete are 5g connectivity. Faster data speeds for tasks like streaming games and movies. Apples latest and greatest a14 chip and longer battery l
Stimulus and higher bonld yields as well which reversed and went the other way. Dows down almost 300 points is this art of the deal or do traders really need to pare back their bets over stimulus lets get right to maike santol for the market reaction. What stands out to you right now . First of all, its an incredibly clean test of where the market was and what it was trying to bake in over the course of this rally which as will fred said was whats really fascinating too is the news came as the s p 500 was just hitting these levels that everyone has been saying oh were going to give room to this rally to get to 3425 and then well see what happens we were just above that in the afternoon and then we had this little reflex. I would caution everybody to keep in mind that we dropped to where we were trading yesterday morning right after the close. So there has been a little bit of a head of steam and builtup gains in this market this doesnt necessarily completely alter the premise of what w