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Wednesday. Feels like a friday on after the bell. Lets look at the news thats happening at this hour. Team coverage with more on the markets. Hillary vaughn, covering the president elect. Lets start with you, the day before thanksgiving. What are we seeing . We are seeing a retreat partially for the s p. The dow transports, all retreating from record highs but the dow closing at 29872 on track for november since 1928. Youve got to go back really far. The nasdaq, first, record close september. 12,000 94. The first force was this rotation weve seen for the week out of tech to cyclicals that reversed today. Energy was your worst performer and tech was your second best performer. The second we noticed is the Economic Data that poured in this morning. That was a reality for many investors. Jobless claims rose for two weeks in a row. The First Time Since july, 778,000 americans fi ....
As for the election, i want to focus at the top of our show what we know right now. And all of this has been changing throughout the day as we come to you from the state capital in harrisburg, pennsylvania. This is one of six states to be officially called by the fox news decision desk. Just over an hour ago our fox team did project former Vice President joe biden will win in the state of wisconsin. The Trump Campaign says a recount will be requested there. Biden is expected to deliver remarks shortly live from delaware. Well bring you comments as soon as he starts speaking that could be any minute. Well watch that. Look where things stand in the state of michigan as we flip it over there. 49. 8 , biden. 48. 7 trump. No check mark. Has not been called yet. Joe biden with a lead in michigan. Back in pennsylvania, the keystone state. Might take longest of the big three reportin ....
Most to them and their families. Well look at one of the crucial demographics for President Trumps chances of reelection. Stay tune, we have fox Business Team coverage, Jackie Deangelis in our new york newsroom, blake burman standing by at the white house which is where we begin. Blake. Reporter connell there was another phone call between treasury secretary Steve Mnuchin and speaker of the house nancy pelosi to go over at least the hopes of trying to put together another covid relief package. We can tell you it lasted about an hour. They exchanged language on proposals. Were told there is expected to be another phone call tomorrow. This is the readout afterward at least from the side of the speaker of the house that they continue to say there are big gaps that rem ....
Mcshane. Didnt quite get there on the s p. Were live from joe bidens hometown. Scranton, pennsylvania. Ahead of the presumptive nominees speech tonight at the Democratic National convention. I spent a lot of the day speaking to owners and Business Leaders in the area. You will hear a lot of that throughout the hour. First the top stories. Fox Team Business could have with gerri willis keeping an eye on markets blake burman at the white house as usual gerri, we start with you. What a difference in the markets and what a difference the a day makes. They are shrugging off recovery concerns. The dow powering ahead. The dow on pace to snap a threeday losing streak. It did just that. S p up three of the last four sessions. Nasdaq was the star here. You remember back in march we were under 7,000 . Closing at 11,264 to be ....
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 t ....