Inperson activities shut down can the nfl save football from a covid collapse announcer live from cnbc global headquarters, the facts, the truth, the news with shepd ard smith. Good evening. Doctors and Health Experts warning about another surge of covid cases. More on the cure in just a moment but first, a look at where this pandemic stands heading into the month of december. The United States now averaging more than 162,000 cases this past week. This month alone, we reported more than 4. 2 million new cases. That means near lily one third all of the cases have been added in november. Right now 93,000 americans are hospitalized with covid. As you can see here, the deaths are climbing towards that peak it comes as millions of americans struggle to dig themselves out of financial holes caused by the pandemic so far congress has failed to provide more relief. The consequences of the inaction growing by the day but its a different story on wall street. The dow rose by more than 11 in just
There continues to be concern that gatherings could lead to more transmission. Liz kreutz joining us live with the latest from the state on exactly where things stand, liz. Larry, yes, things continue to be not so great in california while San Francisco, marin and san mateo counties did not get moved into the purple tier today. Numbers continue to go up and another number on the rise, hospitalizations. With thanksgiving just two days away, californias covid19 cases are not showing any signs of slowing down. The 14day Positivity Rate is 5. 6 , a 51 increase from two weeks ago on november 10th when it was 3. 7 . At that point, there were 7,000 cases a day. Today there is more than 15,000. Hospitalizations have increased since then, too by a whopping 81 . Statewide, i dont believe weve ever seen as many hospital admissions increased like we did just in the past 24 hours. This message critical ahead of the Holiday Season. Today californias health and Human Services secretary dr. Mark galle
Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
Encompasses more than 2 billion people and has been more than 10 years in the making. Afterent trump backtracks appearing to admit defeat in the election come he still insists the election was rigged. Lets take a quick look at the record move in u. S. Markets. Economically Sensitive Industries gained momentum even as coronavirus surges across the nation that could lead to more restrictions. The s p 500 rallied to an alltime high. The Dow Jones Industrial rise rose to close at prepandemic level. Home winner, zoom Video Communications tumbled. We will speak to a bullish investor on stocks coming up and he thinks we are going to find out in the third order the u. S. Pandemic caused recession is ending and we are setting the stage for a market. The record close on wall giving some we are seeingthat coronavirus surging. Higher trading when it comes to kiwi stocks. In sydney, rebounding from friday. We are also looking ahead to thirdquarter gdp numbers out of number ofell as a japanese numbe
Welcome, everyone, the kboel im sara eisen, here with wilfred frost. Pfizer says its covid19 vaccine candidate developed with biointech is more than 90 effective in preventing covid19 in a phase three study the cow and s p 500 hitting record highs in todays session, this after strong gains last week as well as the Election Results come into sharp focus. Seeing down sectors like airlines, cruises, banks, and energy are seeing outsized returns today on the vaccine news while the stayathome winners like zoom, peloton, and amazon are coming back to earth. Nasdaq is actually negative with this more than 1,200 point rally on the dow 59 minutes left to go on a historic day on wall street. Nasdaq hovering around the flat line. Big gains for the dow. Coming up on the show, a massive guests line ups. We will discuss the vaccine, the election, what it all means for your money with huge names nelson peltser will weigh in with his thoughts on what the market is doing as we speak. The chamber of com