Declining. We saw a constructive things. Waiting for the eighth or ninth year of expansion is not a perfect strategy. There is an issue of wanting to do as much as we can to avoid exacerbating the longstanding inferences and get back to a Strong Economy or we can start making progress again, which is what we were doing in february. Senator smith as the fed chair and at the fed you have the mission of low unemployment and managing inflation. And this need to spur job growth. We said there is not been a big worry about inflation. What if the fed were to lower its target for employment, even under 3 . What impact might that have on addressing longterm needs for addressing inequality. Changeowell we made a in our operating framework which addresses that directly. We will have an estimate of the natural rate of unemployment. We will not act on that, even if unemployment goes below that, unless we see inflation or some other problematic thing that seems to be late to where our rates are. We
His first classified briefing and his historic picks as he staffs up his administration the injury over the weekend hes recovering from and the two battlegrounds delivering a new blow today to President Trumps legal fight. Severe storms barrel through several states, tornadoes, strong winds, heavy rain al roker is here. Cyber monday expected to be the biggest ever how to score deals all week long. Plus, the shipping alert you need to know about. The man clinging to a capsized boat 86 miles off the coast. Tonight how he survived messages to santa in the pandemic. What kids are really asking for this year this is Nbc Nightly News with lester holt. Good evening, everyone the specter of a covid surge on top of a surge is almost too much to imagine. But its exactly what Public Health officials believe we may be in for as millions of americans return to their lives today, some likely bringing home from thanksgiving gatherings more than just family memories officials urging travelers to take
And the markets already have a little bit of a hangover, seeing double vision the day after celebrating the dows historic leap to 30,000. The dow and the s p are down. Dow is down about 193. The s p lower by 7. But the nasdaq is sprinting to a record high. Will we see a record high close for it . We will be watching that and much more in this final hour of trade. Los angeles is exactly ten hours away from officially shutting down all Outdoor Dining for three weeks to try and get ahold of the superspreading of the coronavirus. Now we are getting word that the Companies Ready to move record numbers of your online holiday packages may have to shove those aside temporarily in order to deliver lifesaving covid19 vaccines when they are ready. But thats great news for iheart media whose live concerts precovid attracted hundreds of thousands the arenas around the nation. The stock has nearly tripled from its lockdown lows. The ceo bob pittman is here with the radio giants new secret weapon as
Im katy grindfield in new york, welcome to bloomberg markets. Markets blowing past what we learned about ppi in april. Take a look at big tech. Im going to go ahead and call that unchanged wobbling around we havent seen that big leadership from big tech that weve gotten used to over the past few weeks. Its been a different story. And meanwhile, small caps at the russell 2000 right now, really lead the way. Currently up by more than 1 . 1. 2 at the moment. Well see how long that lasts. But for this moment, small caps are your big winners. Home depot though. Posting weak result this morning for the sixth straight quarter as the housing slump hits the Home Improvement retailer and shoppers hit pause on renovations. Bloombergs john e. D. s joins us with all the details. What went wrong in the biggest way for home depot . Well, its really the macro factors. Its the comparisons really with the strength they had during the pandemic when everybody was, you know, buying bigticket items to impro
Underway. At least 13 americans are thought to be hostages of hamas and now is really Defense Forces prepare for a massive ground defenses against hamas and gaza that could begin at any moment. President biden is reportedly weighing a trip to israel sparking questions about how involved the United States should get in another war. We will bring you the very latest report from the ground with Fox Mike Tobin in the news on the political front from member danny did not, the congressman who is personally rescuing americans trapped in the chaos representative cory mills is going to be joining us. I am david asman and for neil cavuto. Lets get to mike tobin in southern israel. Where we are now is ashdod between the gaza strip in tel aviv. We keep in and i on the iron dome interceptor battery the soldiers working there and we dont give up specifics of the location but if it goes into action we will have it from here, we just came from tel aviv, the National Institute for forensics where they