Years. That is the best month of the year, im connell mcshane. This is the closing bell. Time for news of the hour. Jackie deangelis in new york, blake burman in white house, Hillary Vaughn with the president elect in delaware and Edward Lawrence in washington with the latest on the covid19 relief deal. A lot of moving parts well get into. The market is back in rally mode. Good afternoon, jackie. Reporter good afternoon, connell. Well talk about the records we set today with the s p 500 and also the nasdaq. Look at the gains there we beat what we were expecting handily. You only needed 16 points on the s p and only needed seven on the nasdaq. This was a strong broad based rally today what is interesting big tech continues to gain on this momentum and continues to go higher from there. Facebook, apples, amazon, microsofts of the world are continuing to climb up. That is something you expect to hear. Again it wasnt just tech, it was broadbased. Look at the dow winners you can see we have
Lives health system, and the death toll in uganda rises to 16 up to protest against the arrest of Opposition Leader bobby wind and palestinian leaders condemn the us. Secretary of state, unprecedented visit to an illegal israeli settlement on the occupied Golan Heights. And he just came in to go to a sports returns to spain and says hes tired of always going to blame for problems at barcelona. Good to have you company. Welcome to the news. We start with the corona virus pandemic and the race to find a vaccine for tisha pharmaceutical giant astra. Zeneca said its phase 2 trials show promise in protecting the most at risk groups. A strong immune response was shown in those aged over 70. Now the vaccine is being developed in partnership with oxford university. And its now in the final stage of human testing to confirm those findings. The good news on the vaccine front comes as cases continue to rise. More than 2000000. 00 have been reported in africa, but low testing rates mean the actual
President trump saying youre welcome for the market milestone, this as joe biden lays out his cabinet picks and the plan for his first 100 days. We have insight all morning long. We hear from Chris Bedford from the federalist, tennessee senator Marsha Blackburn, michigan congresswoman, Debbie Dingell and laura trump. Stimulus showdown, millions of americans are waiting for another plan the to finally get pushed through congress, treasury secretary Steven Mnuchin meantime will move unspent stimulus money out of the Federal Reserve, if you will. This is rescue money. And it needs to be reallocated by congress. So thats on nancy pelosi. Tax threats, new York Governor Andrew Cuomo promising a new income tax for the state if the government does not give out more coronavirus related aid. Okay. Keeping an eye on the Holiday Shopping season, weve got the best deals you can expect ahead of black friday and cyber monday. And mystery in the desert, an other worldly discovery in utah have people a
A colombian commemorate the anniversary of large antigovernment demonstrations. U. S. President elect joe biden has once again chris sized the current president for did i guess victory. He branded donald trump of instruction to the transition during a worsening pandemic as totally irresponsible and debilitating the incoming need. It made the comments after meeting with state governors from both parties to discuss how to tackle the crime of virus pandemic once hes in power. Biden was asked what trumps actions displayed to the american people, and then through an incredible irresponsibility credibly damaging messages being sent to the rest world about how democracy functions. I think it is. Well, i dont know his motives, but i just think its totally irresponsible. Elevations life for us at the white house, very strong words there, but is it frustration is anger . Is that both . Do we think theres certainly a different tone from joe biden, who, over the last week has been saying, look the
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