To abide by draconian lockdown orders, will have the latest on reaction to all of this and from capitol hill im joined by republican congressman andy biggs of arizona talking about a 35 million covid relief bailout going to want to joe bidens Campaign Advisory firms, what the heck is going on with that. This is the backbone of america being challenged by new lockdown, 60 of americas Small Businesses closing for good or being pressured to follow debilitating restrictions, will hear from the chief attorney from the owners of the Staten Island bar arrested for staying open, our covid shutdowns being used as political weapons, all that and a lot more right here on making money. David stocks are on pace for record close to in the week in a bigness in the november jobs report, the u. S. Added 245,000 jobs last month, that was only half as much as expected, you can see on the right the unemployment did kick down two tenths to 6. 7 but much of that because folks leaving the job force entirely.
Profit increase as iron ore holds up amid the pandemic. Relations go even further. China says attacks on tiktok were bullying and rejection of fair competition. Shery lets get you started with a quick check of how the markets are trading. U. S. Futures opening flat after the s p 500 and other major indices ended the session mixed. We had a rally in Technology Companies with the nasdaq gaining 1 . Selling off sos the s p 500 was dragged a little lower. Still closing at the highest level since february. The third time in the past week that the index topped above its february closing record during the session, but ended below it. Still up more than 50 from its march low. We did get more positive ecodata. A gauge of Builder Sentiment jumping to the highest since 1998. Take a look at oil because that positive sentiment over the economy taking oil for a five month high, all the right now under pressure. Wti now headed towards 42 a barrel. See how things are shaping up, here is Sophie Kamarud
Order ending preferential trt for hong kong and said he would sanction chinese officials responsible for crackdown on political dissent. He has taken this opportunity to attack everything from what he calls the china virus, the who, and his democratic rival joe biden. Of course, he has taken the chance to really talk up market gains we have seen recently. Absolutely, and talking about the prospects to get a vaccine in the u. S. And what he says will be record time. A pretty wide range of issues being focused about by the president. We will continue to dip back in as we get lines, but lets get some context. Mario, a pretty wideranging array of topics being addressed by the president. It is really just to the drumbeat of escalating tensions and tit for tats we are seeing between washington and beijing. Absolutely. You described it perfectly. Months, the Trump Administration has been pantomiming that he is going to be tougher on china. He has increasingly pointed to china as the reason fo
Good morning to you wherever you are. Im Frank Holland in for Brian Sullivan lets get right to the markets and take a look at the stock futures this morning its been a wild week on wal ve street today it looks like the dow could open down as much as 150 points amid new concerns over covid19 but the nasdaq, its run keeps on going. Leading to another new record high its 26 for the year on pace for the third weekly gain in three weeks. Now to the global markets. Karen tso. Shes in our london newsroom with more on that. Good morning. It has been a weak finish for those asian markets today. Negative news coming out of hong kong with fresh coronavirus cases. 38 new cases local transmission and decided to close schools again from next week that throws cold water on these markets. And the rest of the markets to be very much focused on the bull run for the Chinese Market take a look at this. A lot of investors piling into chinese stocks this week and that has taken them to the highest level in
Weekend. We starteddown early. We come all the way back as we look forward to a nation that is rebuilding and an economy reopening. Plus the next hot tech stocks, folks that are absolutely rocking. Well tell you what they are and how much more potential they have. All that and so much more on making money. Charles while we await the White House Press briefing protests are happening in new york city where businesses are trying to clean up from overnight riots, bracing against further looting. Fox businesss Kristina Partsinevelos is at union square where the protests are underway. Kristina. Reporter charles, im on the west side of union square and this is the sixth day where you have businesses awakening to just destroyed property. Im standing in front of a reebok store. Theyre putting wooden planks all around on plywood. The planks need to be 10 feet. What happened yesterday on several storefronts, i dont think we can call them protesters, they literally yanked down the plywood and brok