Is now dark after it was suspended from Amazon Web Services. Well break down the fallout coming up. Some relief on the way for restaurants at least in california. Well talk to chef andrew gruel about his push to provide restaurants a lifeline amid the pandemic. First calls for impeachment once again. Nancy pelosi says the president must be held accountable after last weeks Extraordinary Events on capitol hill but republicans are divided on the matter. We go to fox news correspondent mike emanuel in washington desee. Reporter gerry, good afternoon. Republicans rejected a push by democrats to push for the 25th amendment. They are accusing President Trump of incitement of insurrection. Some people are looking in 10 days, lets over look it. We took and oath to defend and protect the constitution and our democracy. That responsibility falls to us. We have no other choice. Reporter that that Impeachment Vote could come a week after joe bidens inauguration a Key Senate Republican says, thats
Row. On deck this hour some of the biggest names in technology set to report quarterly results, apple, facebook, tesla, expected any moment. Im gerry baker. Im in for connell mcshane. Welcome to after the bell. Time for the news happening at this hour. Fox Business Team coverage. Edward lawrence in washington with the latest from Jerome Powell and the Federal Reserve, Lauren Simonetti standing by for earnings this hour, and Grady Trimble in illinois with new details on the vaccine rollout. Today we start with our panel, lance ulanoff, are carlton english from barrons and dion rabouin from axios. Let me start with you, if i may. Were waiting for tech giants any minute now. What are you looking out for . Im obviously looking at apple. Im very interesting to hear how the iphone 12 has done. Were all expecting them to have an incredible quarter. This is traditionally their biggest quarter. Even with the pandemic and even with shuffling around they developed their production schedule and de
Proceed with impeachment we should say that removal from office is highly unlikely given there are only 12 days left in his presidency, however, theres a blockbuster editorial in todays wall street should resign. Sting he the president has been denied free speech perhaps for ever from facebook and at this point its through to say the administration and Republican Party are in disarray. Again, same as yesterday, look at this with stocks moving higher. Dow jones, a small gain, maybe im s p may be at 10, with nasdaq up. A lot of green on the screen again to this morning. Bitcoin extremely volatile, its now over 42000 a coin. Extraordinary. 42000 for bitcoin right now. One more news items that at any other time would be the lead story, Unemployment Rate 6. 7 , unchanged, but the shocker is the economy dropped 140,000 jobs. Its all about lockdowns and in the report the Hospitality Business lost 498,000 jobs, mostly in food service and bars. Participation rate is still down, so not everyone
Make a final pushing for candidates, markets going down on early signs of possible democrat win in both races. Gold is down just by about the same percentage as the market. Gold is up as the same percentage as the market is down, 2 now, about 2. 6 up for gold. Plus Small Business paying it forward. How a maryland Pretzel Company is helping others after getting help from the Barstool Fund. You wont want to miss my interview with the owner. Also coming up, one oregon mayor is now encouraging businesses in his town to stay open despite his governors covid restrictions. I will speak to the defiant mayor of sandy, oregon, coming up. Record cash flowing into georgia ahead of tuesdays Runoff Election with President Trump and president elect biden heading to the peach state to push for their own parties. Hillary vaughn is in atlanta with more how the future of the economy is on the line here, hillary . Reporter david, it is. President elect biden said so him several in multiple campaign visits
Have all in the down barely. I call it pretty much a flat premarket activity right now with nasdaq barely up in the other indexes barely down. The holidays just got brighter for one Small Business that became the recipient of daves bar school a barstool find and we will talk to that Business Owner later in the show. We have sean and Rachel Camposduffy and Heather Mcdonnell among our debt guess, but does anyone find it log that new york Buffalo Bills fan andrew cuomo has suddenly decided it safe for fans to attend a ball game in for the playoffs . Is december 31, last day of 2020, think god. Varney co. Begins right now. David i think its fair to say we are all waiting for tonight within and to 2020 and then and a lot of hope for things to turn around primarily because of the success of the vaccines once they can get out we can expect boomtime all over the world. Its a busy news day so lets get started with this, Senate Majority leader Mitch Mcconnell says there is no realistic path for