Life well planned. The freeman foundation. By judy and Peter Blum Kovler undation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. I am laura trevelyan. This is bbc america. President trump touts progress on a vaccine and says he will not impose new Administration New pres. Trump hopefully whatever happens in the future, who knows what administration it will be. I guess time will tell. The u. S. Is shattering records on coronavirus cases and hospitalizations. As the pandemic accelerates, west coast governors and says the people avoid travel. How the president is more popular than you might think in one town of brazil as local elections are held this weekend. Laura welcome to world news america on pbs and around the world. For 10 days after the u. S. Election, the final states have been called, and the president will not concede that he lost. The number of people hospitalized from covid19 breaks records here in
Life well planned. The freeman foundation. By judy and Peter Blum Kovler undation; pursuing solutions for americas neglected needs. And by contributions to this pbs station from viewers like you. Thank you. I am laura trevelyan. This is bbc america. President trump touts progress on a vaccine and says he will not impose new Administration New pres. Trump hopefully whatever happens in the future, who knows what administration it will be. I guess time will tell. The u. S. Is shattering records on coronavirus cases and hospitalizations. As the pandemic accelerates, west coast governors and says the people avoid travel. How the president is more popular than you might think in one town of brazil as local elections are held this weekend. Laura welcome to world news america on pbs and around the world. For 10 days after the u. S. Election, the final states have been called, and the president will not concede that he lost. The number of people hospitalized from covid19 breaks records here in
First lets go right to bob pisani for more on the market selloff today. We are off the lows but just barely 3366 was the low today, 3381 right now. Lets not quibble about a few points the damage is pretty widespread, but the general theme is cyclical stocks and stocks most associated with reopening stories are having a tough time of it. Energy, oil down about 3 at 1 , banks, which had a good time last week not starting off the week well, industrials, another cyclical group and defenses will sectors like utilities and staples all down sap dropped as much as 21 over in europe here they cut their revenue forecast for the full year they expect a fresh wave of lockdowns to hurt demand through the first half of 2021 first off, first half is alarming but just the idea that general airically t general ai generically, people are betting its a broader more than stock specific so we have no stimulus right now of any term, near term, long term, any term we have a reopening story thats going rather
Have a durable exit from the health crisis. Including Amnesty International had written to the g20 finance ministers ahead of that meeting to warn that the world is facing a crisis unlike any in the last century, and that debt suspension is only a first step. The group said many of the poorest nations are spending more on debt payments than on lifesaving public services. There is growing pressure on british Prime Minister Boris Johnson to order a socalled lockdown. The Opposition Labor Party and government Scientists Say it is needed to get the coronavirus under control. Deaths have soared to the highest level since june. Concerns are mounting that johnsons new system of restrictions will not be enough. Pressure continues to see a Record Number of coronavirus cases. Officials work reported 14,000 new cases today, the most since the beginning of the pandemic. Russia has the Worlds Largest caseload. Despite a surge in new cases, russian authorities have dismissed suggestions of a Second
Worst day in a couple weeks. The nasdaq snapping an eightday winning streak if we close where we are today bob pisani now has more on the markets. Bob . Very tricky moment here, tyler, right near the 200day moving average technology has the leader whats the problem theres a number of issues the coronavirus story is the most important its not going well. We have infection just outbreaks, some threats from Governor Cuomo to close things down, tariff tensions are still out there. That moved the markets prior to the open valuations are still high. Energy stocks up and then down same with the banks here 12 to 16 honeywell, and then all way back down again. See how similar the stocks are, the inverted vs, and now theyre breaking down a bit more mcdorchlds 180 to 200 theres that v we have to figure out a way back to you theres the dow now, the tristate area closing off borders from visitors out of state. With no plans there to halt reopening. Meg tirrell has the latest details for us meg . Hi