Open, but the dow currently having its best monthly gain since january of 1987. That ev revolution, it is rolling on in the stock market tesla tops half a trillion dollars in market value for the first time shares of nikola sinking this morning. Covid surge, cases and hospitalizations at record levels why experts fear thanksgiving could be a socalled accelerator event. Lets get your take on where you think sentiment is now i saw you writing yesterday about the fear and greed, pointing more to the greed. People are there is a belief phase in this rally that has probably started this comeback from march, eight months ago, ishas fed on disbelief. Between the seasonal forces being strong and the clearance toward this post covid moment with the vaccines, it all did come together. Also, though, with the grab for cyclicals, laggards, anything that moves fast, anything that seems like it was really dented up by this whole phase, now, sentiment, it is not a moment in time people say, all too bu
Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
Reporter neil, good afternoon to you. Start with astrazeneca. That is the top headline. It is covid19 vaccine as you mentioned having a good immune response in older results this is a phase two trial. Heefficacy will not be done untl they resume phase three trials you mentioned pfizer around biontech, they will file for their emergency approval with the fda form for the covid19 that tells us they are on track for the timeline they promised. Johnson johnson ready to have its vaccine ready for approval by february of 2021. Like i said, a bunch of different choices here. New york city in a little worse shape. Public School System is shutting down as of today. The stiffs Public Schools are taking a break, excuse me, because the coronavirus test Positivity Rate of 3 has been at that level for a seven day rolling average. It was reached on wednesday. The decision impacts over a Million Students and their parents and the city is trying to manage these cases and the weight that is placed on th
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
Striking a city sheriff with his car. The National Director of intelligence, calling for the interim john Durham Report on the trumprussia probe to be released. Both sides are ramming up the fight in those two Georgia Senate runoffs that will swing the balance of power in washington. Chicago suffers another deadly and bloody weekend of violence as many on the far left push to defund the police while south of the border mexicos government reportedly wants to make it a whole lot harder for american antidrug agents to do their jobs. Im Jackie Deangelis in for Elizabeth Macdonald tonight. The evening edit starts right now. Elizabeth some 33 million california residents are now under a strict covid19 19 lock down. 85 of the state including Southern California, San Joaquin Valley and bay area are under stay at home orders. Governor gavin newsom blames measures on growing number of covid related hospitalizations. Fearing the system cofail. The governor is facing mounting pushback including fr