Few smaller scattered crashes and well double check on the crash in san leandro coming up. Well check back with you. Thanks, mike. A live look at the white house this morning and we get to hear from the president on Election Results. But this morning, president elect joe biden is lining up his cabinet. The president , meanwhile, doing the exact opposite. Tracie potts live for us in washington. Tracie, growing concerns on what mr. Trump could be doing with the pentagon. Exactly. The changes at the pentagon some are concerned may also be related to his refusal to accept the Election Results and now National Security officials retired generals, retired Intelligence Experts and others are raising concerns, sounding the alarm about the impact of those changes. Mark me down as alarmed. Reporter military experts are concerned about President Trump replacing mark esper and other pentagon officials with loyalists. This is just a tantrum of a president trying to accommodate himself to the outcom
Thought to be controlled by the Peoples Liberation army. And policymakers seem less likely to go down that route decide besides providing support for a long time. Shery lets take a look at how we are setting up an asian markets. Looks like trending a bit lower in sydney. U. S. Stocks really doing pretty taking overrallies adding to concerns about tougher lockdown measures with the existence of an effective vaccine. Downside about a quarter of 1 and that market along with new zealand looking pretty overheated after the recent run of gains. Continuing to push back expectations for negative rates. Chicago futures moderately positive at the moment. The yen seeing a little bit of a gain but we have seen a new daily record for Coronavirus Infections in japan this week. Authorities hinting they could need to take stronger measures to halt the increase in the spread. S p acted futures up by. 2 sessione active cash sank as much as 1. 5 overnight. Shery lets turn to our top story President Trump
School holidays. If we look at the map, we talk about schools open or closed, we do know its a holiday because of lighter traffic. I have my eye on discovery bay. The rest of your commute looks fine. Maybe a factor for 680. Back to you, laura. Thank you very much, mike. 6 01. We begin with live pictures from arlington, virginia. This is Arlington National cemetery where President Trump and the first lady will visit in just a few hours to honor our Fallen Heroes on this veterans day. It is the president s first public appearance since the election. Joe biden will take part in veterans day events. Today in the bays tracie potts is with us live in washington. I know these events happen as the struggle between biden and the Trump Administration continues. Reporter it does, marcus and laura, and we are seeing where republicans are lining up in that power struggle. A few acknowledging and congratulating joe biden on his win. Some lining up with the president saying he has absolute right to c
On united. Lower after reported earnings. United losing 1. 8 billion in the third quarter. Thats not a surprise. Everyone knows what has been happening. The numbers were a wider loss than estimated revenue fell 78 , coming in shy of expectations at 2. 48 billion. The metric everybody is focused on is the daily cash burn. They were losing 50 million a day at the end of march. They brought it down to 40 million for a daily cash loss. Bring it down to 25 million in q three. Their core cash burn comes down to we heard delta say we think we will break even in the spring united is not addressing that. We know that will come up tomorrow i suspect that united will give guidance liquidity. The company is stressing it believes it has the cash on hand to get through the pandemic. No one knows how long this will last, how long the airlines will be down, a year and a half or two years. But united feels it is positioned welcoming out of the third quarter. We have an exclusive tomorrow morning on squ
Plus, relocation, relocation, relocation. Read it has a plan to let its employees work from wherever they are. But what are the consequences of such an arrangement question we ask the ceo, steve huffman. The u. S. Has identified in iran and russia for meddling in the election. We talk about how pervasive the menace is and is potential harmful effect on democracy in our continuing to electioneering series. First, it was an ugly day for u. S. Markets. Tumbling in the worst stock rout in months. Rising cases of covid19 in the u. S. And europe and locked on measures in countries like germany and france accelerating the drop. We get the big picture from Abigail Doolittle in new york. A lot of forces at play today. It. Us through abigail over all a brutal day for stocks and risk assets on a combined basis. You mentioned the different forces. Of course there is uncertainty around the election, but i would argue the biggest force is the virus resurgence in europe. The german dax fell more than