National Defense Authorization act, and a measure ealing with the boeing max 737 crashes. Requested votes will take place after 6 00 p. M. Eastern. Live coverage of the house here on cspan. The speaker pro tempore the house will be in order. The prayer will be offered by chaplain father conroy. Chaplain conroy let us pray. Loving and gracious lord of mercy, we give you thanks for giving us another day. In this single week, after a Long Campaign season and before breaking once again for thanksgiving, bless the members of the peoples house with focus and purpose on the issues facing them. We ask your blessing as well on those newly elected who will be joining this assembly for the 117th congress. May their transition into office be smooth and marked by the civility of Democratic Change of government which is the rightful pride of the United States of america. Lord, our nation continues to be besieged by the plague of the coronavirus. Send your spirit of peace that our people might be bro
Claims came in better than expected, 709,000 signaling more improvement in the labor market. And treasury yields dropping sharply following yesterdays bond market closure. Thats putting pressure on banks, which are among todays worst performers though still strong performers for the week 59 minutes left in the session, sara every sector firmly in the red. Ahead on todays show, chipotle unveiling its first ever digital only restaurant this week without a dining room or a line for ordering we will speak with the ceo brian noccol about the strategy there. And Jeremy Grantham said he thought the market was a mccoy bubble we will get an update on his that it is since those comments. Disney, pal an tear and cisco reporting after the bell we will bring you the numbers as they happen. Mike, whats the market dealing with. Contending with worries pileup of news on the shutdown, on the virus, maybe getting worried about what growth is going to look like in the First Quarter or two the s p 500 was
1. 8 trillion. And jobless claims disappointed the street coming in at 898,000. It was the highest rating since mid august. Rising coronavirus cases in europe and the u. S. Affecting sentiment. 59 minutes left of trade down only 23 on the dow. The european measures definitely weighed on european markets. We have improved since the european close coming up, we will speak with gregg lemkau about how the pandemic changed the m a landscape. Plus the ceo of zoom will talk about the companys efforts to branch out beyond video meetings and the stocks run thissier. Fir mike, lets start with you the Broader Markets well off the session lows. A resilient showing throughout the last few years. You mentioned the market lows in the u. S. Were just before the european close perhaps that was one of the bigger pressure points, the overseas action. Where it has taken us though is really hasnt disturbed much of the trend. This is this area. Last week we broke above this range we have been in for a while
Hey, i am cramer, welcome to mad money, i am trying to make friends, i am trying to save you money. Call me, 1800763cramer that was unsustainable today we learn nearly everyone loses when the president acts and slamming the market. A crushing disappointment. And anyone who lost a job may be on the verge of losing a job you have to wonder what will happen to the 14 million odd people and the family working in the Hospitality Industry lets just say inhospitable. I care about the small and immediate size businesses and workers that are going to be laid off Speaker Pelosi and mnuchin is making a lot of progress and getting a lot of phone calls, getting close to a deal. Speaker pelosi echoes after the president stops negotiations but it was too late. Trump tweeted, he was adamant and hell put a better bill after the election all right, whats really going on here . Thats the rhetoric. We all heard the rhetoric, right . The president is taking a calculated risk, betting the economy stronger t
Poweris more left promises. Longerterm there is uncertainty. And how these actions will affect real people and real purchases and real jobs. Bornhe new economy is from the crisis but it could leave some markers behind. Moreneed to think creatively about inclusion in the workforce. There is a discussion from the decisions made during the crisis and the longerterm ramifications. Get a lot of this can theoretical the connection between the fed approach and the framework and what actually happens in the real economy. Lets first talk a little bit more about these projections for the Federal Reserve. I think one of the key things is, you know, look, there is improvement. Byy see gdp only shrinking 3. 7 , they see unemployment at 7. 6 is sent, extremely elevated we were at 3. 5 going into the crisis most importantly there, inflation still nowhere near their goals. That is a big part of the reason and i think, romaine, youll be looking at why they see themselves at the factor zero rates for se