Nearly 2,000 americans died of the deadly disease yesterday, the highest death toll since early may. As daily infections now top 100,000 for nine straight days. In fact, yesterday, 143,000 plus. Businesses are faltering so we are going to take you live to chicago, the city that may be the epicenter of the next major lockdown. Meanwhile, reliance on the cloud more important to business than ever before. And we talk to a ceo about how it clears the workfromhome runway of any debris for the biggest businesses in the world. This is a fox business exclusive and they are publicly traded. Baby yoda the hottest new star in disneys Magic Kingdom but will streamings popularity have the power to offset its shuttered parks when it reports earnings after the bell . Our power panel is about to give the mouse house stock an inspection. First, this fox business alert. Even Federal Reserve chairman jay powells measured calm and assurance that the recovery has been faster than expected, not enough to so
Up next testimony from dacts lien kraniger. She talks about her agencys role in protecting consumers during the pandemic. This hearing will come to order. This hearing is another remote video hearing. Ill go through quickly some of the standard reminders to remind everybody, once you start speaking, there will be a slight delay before your picture shows on the screen. To minimize background noise, please remember to click the mute button until it is your and if theres a technology issue, weve move on until it gets resolved. The fiveminute time still some senators say they dont seem to be able to find that. If you go to the righthand side of the screen and move your mouse, some options will show up. One of them is the grid view. If you click grid view, you will see a grid of everybody, and one of the things youll see is the clock. Ill try to gently remind people, because some senator have asked for the reminder because they cant see the clock. Again senator brown and i have agreed to go
Tech takedown. President trump signing an executive order effectively banning tiktok from operating here in the u. S. The order goes into effect in 45 days unless those apps are sold by their Chinese Companies 35 billion off wechat overnight in hong kong this is a nearly 700 billion company. Perhaps more surprising that its been able to fly under the radar for so long. A ban could get very messy because tencent is far more intertwined with American Business than tiktok theres the sheer scale of tence tencent. Fallout could touch sports to. Tencurre tencent has a deal with the nba to stream games in china theres also American Businesses operating in china relying on the app like starbucks, disney, mcdonalds the socalled super app is where a billion active users in china can shop, spend, stream, game much more within a single app. For that reason, apple and google could also sufficient if users switch because they cant access tencent apps. Talk is turning to how the chinese might retalia
Plus, there are fewer than 50 days until christmas and wall street is concerned about a retail apocalypse. We have the details about that, and later, its been choppy waters for Royal Caribbean the stock is cruising higher the ce will be here for an exclusive interview. Power lunch starts right now welcome toll power lunch. Im melissa lee. The major averages are recovering somewhat after falling in the red on reports of a delayed trade deal we have the dow and the s p 500 marginally higher right now. The nasdaq is down by a third of a the russell taking it the hardest. Lets get over to bob pisani for more theres been reports theres no clear deal yet over the terms of a phase one deal with china, or even whether president xi is going to come to the table on the deal industrials, theres your classic one, caterpillar, 3m, united technologies, theyre all down a bit today some of the semiconductors like micron also a little weaker as you mentioned, coming off their lows we had a buildup in c
Francisco. Reporter also to her advantage, the mayor had appointed her interim District Attorney after the District Attorney left to run for l. A. Im happy she will be the District Attorney of san San Francisco. Reporter a statement says regardless of the outcome of this election, there is a lot to be grateful for. We live in the greatest city on earth. It is the city where i grew up in where im raising my children. Bodein was leading him. But loftis edged him out. Still, he was optimistic that voters would elect him because they were hungry for his message. For a message of reform, for a more humane approach to dealing with the problems of crime and Public Safety that we all experience in San Francisco. But on the day after the elections, this cell phone video was going viral. A video taken at this Election Night party where some supporters shouted derogatory chants at the Police Officers association. Among them, San Francisco supervisor. The poa sent this statement to her. When you l