And blast off as china launches its 1st unmanned spacecraft to the moon and to bring back rocks from the lunar surface. , so many weeks of delay and uncertainty, but u. S. , president elect joe biden, is formally beginning his transition to the white house, the head of the g. S. A. The General Services administration has now does ignited by the apparent winner of this months president ial election. It clears the way for the transition to finally begin. Donald trump, who has of course, refused to concede so far, did authorize the administration to initiate the process, but hes vowed to keep up the fight, insisting without evidence that the election was quote, corrupt bidens team. They are welcoming this move as they would. It frees up millions of dollars for the new administration. It can now work with federal officials on a coronavirus response, as well as a National Security strategy. Will start with a support from particle in washington. This is the letter president elect. Joe biden
Blastoff. China launches an unmanned spacecraft to the moon. Aiming to bring back rocks from the lunar surface must not have, although he continues on tuesday, captain has been left out of the cattle, get ready to face at camp we start this news. I have us where president elect joe biden. After weeks of delay and uncertainty is formally beginning, his transition to the white house, the head of the General Services administration has designated biden as the apparent winner of this months president ial election that clears the way for the transition to get underway. Donald trump has refused to concede defeat, or the rawest his administration to start the process, but hes promised to keep up the legal fight, insisting without evidence that the election was quote, corrupt bidens team has welcomed the move, which frees up millions of dollars for his new administration, it can now work with federal officials on a coronavirus response, as well as a National Security strategy. Now, serious par
The only stocks that are doing well right now, some of the reopening trades and some of the big laggers for the year like cruises and airlines and some retailers still in the Green Energy Stocks also outperforming. Is this the start of a serious correction or a buy the dip opportunity were diving into that debate. 59 minutes left of trade 59 minutes of of this roller coaster session. Lots of guests as well the market pulls back. Well speak with three ceos that got insight into the state of the consumer, their spending and recovery in america. The ceo of campbells soup will join us on the back of had his companys Earnings Results that stock down 7 right now plus, well get two reeds on the beaten down travel sector with glenn fogel and mark hopelinger. Well speak with nick clegg about the new policies surrounding the election looking forward to that one. Lets get straight to our top story of the day the market selloff Mike Santelli has more on the major market pull back. A big pluflush o
This weekend, but again, these are fast moving pieces. Were looking at uber and lyft that might be exiting california because of some new requirements that they treat their freelance workers like employees. That could be a costly issue for them, so much so even though it accounts for about 60 of their combined business, the state of california alone they would still leave rather than put up with that. In new york city, forget about the virus, forget about eventually opening up gyms next week, the fact of the matter is, new york city is a safety concern right now with residents in once red hot real estate markets saying enough. It has gotten so bad theyre bolting. The visitors upon hearing this, theyre just not coming. So were following that. Right now were also following the drama in washington as at least the house considers coming back to deal with this postal issue. Chad pergram on that. What are we talking about here, chad . Reporter the house of representatives is going to meet on
Things look very different than in years past. It is a Virtual Convention. Speaks come in from across the country. Former first Lady Michelle obama, senator Bernie Sanders will speak there is a republican on the list, speaking at the Democratic Convention former Ohio Governor john kasich. President trump in person will make his way to wisconsin. He will be in oshkosh trying to rally supporters ahead of the Republican National convention which begins virtually next week. The real reason we are here to speak to the voters, trying to get a pulse of the people if you will. You will hear from some of those voters in just a few moments. First our top stories with fox Business Team coverage. Blake burman is at the white house. We start with Lauren Simonetti on the markets. Lauren. Lauren connell, good to see you. The markets are closing the session out mixed. We have a new record close for the nasdaq. Apple shares, where do they end the day . They are within striking that two trillion dollar