His absolute priority and he is getting working already in the next 24 hours hell be naming a corona virus taskforce that he will be sitting up he has been advised by various experts for a long period of time now among them ron klain who was the a boat and barack obama but we understand as well that this task force is going to be headed by beck murphy whos a former said Surgeon General appointed by obama and then fired by donald trump in 2018 as well as a former commissioner of the food and Drug Administration David Kessler so this is really a heavyweight team that will be advising biden and which will form part of his Coronavirus Task force as he and his. Vice president elect come heris go forward but biden has made very clear through his campaign and hes made very clear since he was spoke as president elect that he believes that the way to combat the pen did make is to follow the science. And to find donald trump has refused to concede defeat and is preparing for a series of legal fi
Good afternoon. Welcome once again to power lunch. Im john for tte, energy up 13 this week and financials also down about 2 . Its the regional banks seeing the most pain, first republic, pnc, truest financial leading that sector lower. And Airline Stocks all lower as we get a clearer picture of what Holiday Travel will look like in this persistent pandemic first, lets get to bob pisani for more on the Market Action today. Bob. Hello, john what happened to our value rally . Banks and things like that moving to the up side, Energy Stocks it got smacked by Covid Concerns and by the lack of stimulus. Thats a problem what do we do . Hey, lets go back and buy workfromhome stocks again. The docusigns, zoom videos, activision, some of the other tech names are barely clinging on to gains. Service, which is a big what we call a high beta mover on the day is on the up side. So are some of the Semiconductor Stocks but the rest of the Technical Area is pretty much split to the down side. Another gr
Be only doing one of those 2 and you know. Winning is easy losing is never easy now for me its not. But i think we have when we see rallies the likes of which in the history of this country probably in the history of the world nobodys ever seen before. Theres a tremendous love going on in this country and theres really a tremendous unity theres a tremendous unity nobodys ever seen that we take an airport and the airports not big enough to hold the crowds nobodys ever seen a thing like that and our opposition is you know we have a few people sitting in circles and thats ok thats not normal thats not abnormal actually i mean thats the way it is 11 f. Alan fischer in washington d. C. Monitoring all developments in that was president trying speaking about an hour and a half ago just under 2 hours how did he seem to you. Different tone isnt it i mean its not quite the bullish attack hungry donald trump that weve seen over the last 3 days on the campaign trail remember he said 17 events in t
The Prime Minister of armenia and the president of the Russian Federation signed a statement which declares a complete cease fire and of military action in the nagornokarabakh war zone starting from midnight on november 10th moscow time armenias Prime Minister described the deal as unbelievably painful. The backlash was immediate moments after the announcement furious summons traders stormed into parliament in your avant to protest the move the conflict they argue is about much more than land. But armenia had undergone a number of defeats azeri forces overran nagornokarabakh 2nd city shoe shop and they were on their way to the capital when the deal was signed some analysts say armenia didnt have much choice the prospect of conflict and its costs could be so much worse for the armenians given the current rate of momentum. So hes in a difficult position to be sure and it remains to be seen what the future holds for him more than a 1000 people on both sides have died tens of thousands are
Well before the election so please stay tuned for a further announcement. Wed like to extend a special welcome to the diplomatic corps as well as the 2020 class on the Economic Club of new york fellows and students joining from the club and business schools. Now it is our honor and a privilege to introduce the 45th president of the United States, donald trump. A graduate of the university of pennsylvanias school of finance and followed his fathers footsteps and the role of Real Estate Development egging his mark in new york on the way to develop a will a worldwide brand. He won the presidency in 2016 and first ever run for any political office. Over the last four years, his economic agenda included personal income and tax cuts, reduction of regulatory politics, replacing nafta with the Canada Agreement and negotiating comprehensive trade reform with trading partners notably china. Prior to the pandemic, the administration of the economy grew steadily. Unemployment was the lowest in 50