Lockdowns as coronavirus cases spike. Home sales hit a 15year high but weekly jobless claims unexpectedly rise. I have a question for you guys. Is chicago the nations canary in a coal mine, as new york citys mayor warns indoor restaurant dining is on the verge of shutting down again, and the center for Disease Control today recommending against thanksgiving travel. We are live in the windy city, where it already begins to lock down again. Refi rush as urban dwellers flee covid and the big cities. Mortgage rates are nearing alltime lows. At the start of the pandemic, mortgage guru barry habib told you right here on the claman countdown wait to refinance because rates were going to drop more. He was right. Hes about to tell you where rates will go next. Its his big 2021 prediction. The woman with goop on her hands. The Venture Capitalist who backed the superhot retail site is here on whether the Hollywood Alister is ready to go public. First, we have a fox business alert as covid cases r
We will tell you what he is saying. The cdc says School Closings are a terrible way to fight rising covid cases was we have a doctor who agrees with him coming up, sounding off later in this hour. Lets look where stock prices are right now. We see the Dow Jones Industrial down 91 points, the s p down 9. 25 and the nasdaq down a tick as well. We will follow the progress on the market says they are due to open in 29 minutes and you will see the president today for the First Time Since saturday, he will be delivering remarks on lowering drug prices for all americans it to 30 p. M. Eastern time. You can watch that on foxbusiness. Joe biden is set to meet with nancy pelosi and Chuck Schumer today and we cant leave this out, Alexandria Ocasio Cortez is in order to get the virus under control we should close businesses and pay people to stay home. Forget about businesses going bankrupt, the government can take care of all your needs. Isnt that pure socialism and dont we all know how that stor
Peter navarro meant to say on fox last night. There was a little confusion. I think that he was pretty definitive to say it was dead, the president was pretty definitive in saying the trade deal is on who would ever think that this would happen, good news out of europe, pmis are strong, they are inflating things in their economy like we are. I also think there might have been a short squeeze those of us who watched when navarro said what he said the market plummeted and i think overnight traders said its going to open down badly im going to get short and they got whipsawed because you didnt think navarro could be reversed as quickly as he was given the fact he is a close confidant of the president. Almost exactly what art cashin is saying this morning. Whipsaw resulted in a good deal of short covering. He says the bulls may now reassert control he says they need to take the dow up by more than 450. The bulls are when you watch the market ahead of time you see so many stocks going up fo
The month of september. Lower than the 145,000 the economist were looking for. Certainly steady. The Unemployment Rate dropped to a 50 year low at 3. 5 in the last time you saw a number like that we went on the move in 1969. Joining me too talk more about the week that was and what is ahead the deputy managing partner michael and sarah are here. In chief economist anthony chan. Great to see you guys. Thank you for being here. What was your reaction to the numbers . What i see, wages are not rising as rapidly, that gives the Federal Reserve not to concern and they can continue to stimulate and help the whole economy. In case anybody thinks his number was not strong, you have to look at the expectation of what the Federal Reserve will do right after the numbers were released. You saw that drop by ten Percentage Points in october and 10 in december. Still strong and suggest will get to that but it tells you the markets are engaged in feel this number was a positive number. You make a real
The month of september. Lower than the 145,000 the economist were looking for. Certainly steady. The Unemployment Rate dropped to a 50 year low at 3. 5 in the last time you saw a number like that we went on the move in 1969. Joining me too talk more about the week that was and what is ahead the deputy managing partner michael and sarah are here. In chief economist anthony chan. Great to see you guys. Thank you for being here. What was your reaction to the numbers . What i see, wages are not rising as rapidly, that gives the Federal Reserve not to concern and they can continue to stimulate and help the whole economy. In case anybody thinks his number was not strong, you have to look at the expectation of what the Federal Reserve will do right after the numbers were released. You saw that drop by ten Percentage Points in october and 10 in december. Still strong and suggest will get to that but it tells you the markets are engaged in feel this number was a positive number. You make a real