We have foxbusiness Team Coverage with blake burman at the white house. President elect bidens transition. Gerri willis standing by but we begin with jackie deangelis. Good afternoon. Good afternoon. History is being made right before our eyes. Dow about 30,000. I think is interesting today, not just the dow but look at the s p 500 on a percentage basis of a little bit more and even the dow industrial. 500 is broader than the dow 30. You can see this was a big broadbased rally across the board. I think that is important. Look at the dow winners because it gives you the sectors, energy is moving today, we see the financials moving higher today. Walt disney is a big winner today but it wasnt just stocks, it was oil as well. Over 45 a barrel, disclosing under that level and it took the Energy Stocks up because the investors are basically betting on recovery for the economy and that means more demand for oil and that means these companies will do better. Having said that, lets take a pause
Clearance. A grand reopening. Thee johnson will outline strategy today, expected to include an increase in Community Testing andriy incorrect reintroduction of tougher restrictions. Biden iselect joe said to have landed a longtime advisor as his secretary of state as the president reportedly moves closer to banning tech exports to dozens of chinese companies. 7 00 and in london, from first, and 10 00. In three weeks, there will be a vaccine for everybody and herd immunization. This is the standout note from fauci. We will vaccinate. 7 of the population. These are big ambitions. Annmarie they certainly are and the news over the weekend from the head of warp speed saying we could start in potentially three weeks, but it is only going to be december 10 when the fda looks at approval for the pfizer vaccine. You made a good point this morning, the fact this is the developed world. What remains in the developing world could be a difficult picture. Isus a question for markets if so risk on, t
What it is, and why it is wreaking so much havoc for social media companies. And it is halloween eve. Night. Iller, but triller we will have the executive chair of the social media platform sued by tiktok. Those stories in a moment. Also this hour, we will be speaking with the ceo of overstock. Com on supply Chain Technology ahead of the busy retail season going into the holidays. Later, i will have an interview with the ceo of blue apron, which reported results yesterday. Dropping, u. S. Stocks capping their biggest weekly route since march after tech earnings disappointed investors concerned the slowing economy will dampen assets. Lets get to Abigail Doolittle in new york. It was a crazy week just ahead of the election. Walk us through your roundup. Abigail yes, it was a crazy week, a wild week. Two down weeks. That is another piece of the story that the bears have been at it last part of this month. The nasdaq today not surprisingly with the text selling that you were alluding to re
Facebook takes steps to erase the Conspiracy Theory qanon from its platforms. Reporters have claimed that withrities are in cahoots child abusers to undermine the president. Severaloutage disrupts slack users. The ceo will be my guest. All of this on the night of the first and only Vice President of the bay. We will have a preview of what to expect as mike pence takes the stage with Kamala Harris. Stocks climbed to a onemonth high on renewed optimism that u. S. Lawmakers can still reach an agreement on stimulus. A lot to cover, including the reaction of these Big Tech Companies on the back of staff reports. Really a stunning turnaround from yesterday. Not so surprising. When we were chatting yesterday, it seemed that President Trumps tweet could have been a negotiating tactic. Send in the day, he did out a tweet about individual stimulus package. We see over the last few days, a 2 selloff. A big recovery today. Its best level in a month. There are investors looking past the noise and g
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c