Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stocks set for steady open after 2021 started lower 2. Georgia runoffs could flip Senate control Democratic candidates for Senate Jon Ossoff…
Read MoreTag: Donald Trump
Jim Cramer reveals his 10 investment themes for 2021
Wall Street on Monday labored through a tough day to open the new trading year, which prompted CNBC’s Jim Cramer to break down the top investing themes he’ll be watching in 2021. Investors should keep secular trends in mind because…
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5 things to know before the stock market opens January 4, 2021
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set to pick up where 2020 left off Traders work on the floor of the NYSE on Dec. 31st, 2020….
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Trump to attend D.C. protests against Congress certifying Biden victory
U.S. President Donald Trump waves as he boards Air Force One at Joint Base Andrews in Maryland, U.S., December 23, 2020. Tom Brenner | Reuters President Donald Trump on Sunday said he will attend protests in Washington, D.C. on Jan….
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Trump boasts about Covid response as December becomes deadliest month yet
President Donald Trump speaking in a released video on Twitter on Dec. 31st, 2020. The White House | Twitter WASHINGTON — In the final days of 2020, the United States saw coronavirus deaths spike, cases surge to staggering levels, hospitals strained…
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Israel says it’s inoculated 7% of its population, it’s less than 1% in U.S.
An ultra-Orthodox Jewish man receives a vaccination against the coronavirus disease (COVID-19) as Israel continues its national vaccination drive, during a third national COVID lockdown, at a Maccabi Healthcare Services branch in Ashdod, Israel December 29, 2020. Amir Cohen |…
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Dr. Fauci says slow Covid vaccine rollout has been ‘disappointing’
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks with Alex Azar, secretary of Health and Human Services (HHS), not pictured, before they receive the Moderna Inc. Covid-19 vaccine during an event at the NIH Clinical…
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Operation Warp Speed chief says distribution ‘should be better’
The United States will not inoculate as many people against the coronavirus by the end of the year as federal officials originally estimated, President Donald Trump’s Covid-19 vaccine czar said Wednesday. According to the Centers for Disease Control and Prevention’s latest…
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Colorado health officials say are investigating a second suspected case
Gov. Jared Polis and officials announced Denver and a number of other Colorado counties will be moved to Level Red on a newly revamped version of the state”u2019s color-coded COVID-19 dial at Boettcher Mansion in Denver, Colorado on Tuesday. November…
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Trump blames states as he faces criticism for slow Covid vaccine rollout
President Donald Trump tried on Wednesday to deflect criticism for a slower-than-expected rollout of the Covid-19 vaccine, saying the U.S. has distributed the lifesaving shots but states have to administer them. More than 11.4 million doses of Pfizer and Moderna’s…
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. McConnell blocks $2,000 stimulus checks Senate Majority Leader Mitch McConnell (R-KY) speaks at a news conference with other Senate Republicans at the…
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Half of U.S. states will raise their minimum wage in 2021
People gather together to ask the McDonald’s corporation to raise workers wages to a $15 minimum wage as well as demanding the right to a union on May 23, 2019 in Fort Lauderdale, Florida. Joe Raedle | Getty Images The…
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U.S. confirms first case in Colorado
A person gestures towards a sign with a public health information message, amid the spread of the coronavirus disease (COVID-19), as new restrictions come into force, in London, Britain, December 20, 2020. Toby Melville | Reuters The first case of…
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U.S. to fall short of goal to vaccinate 20 million by year’s end
With only a few days to go, the United States will likely fall short of its goal to vaccinate 20 million Americans by the year’s end as the nation embarks on what will be a historic campaign to inoculate hundreds…
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5 things to know before the stock market opens Tuesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. House passes bill for $2,000 stimulus checks Speaker of the House Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak…
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Biden to invoke Defense Production Act to spur Covid vaccine production
President-elect Joe Biden plans to invoke the Defense Production Act after he takes office next month to boost production of coronavirus vaccines, a member of his Covid-19 advisory team said Monday. “You will see him invoking the Defense Production Act,”…
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Trump’s veto threat of Covid relief bill is holding up $9 billion in state vaccine funding
A person holds a vial of the Pfizer-BioNTech Covid-19 vaccine at the University Of Louisville Hospital in Louisville, Kentucky, U.S., on Monday, Dec. 14, 2020. Scotty Perry | Bloomberg | Getty Images U.S. states are anxiously awaiting billions in federal…
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Trump’s threat to veto $900 billion Covid relief bill puts major climate legislation at risk
Patrick Pleul/picture alliance via Getty Images President Donald Trump‘s opposition to a $900 billion coronavirus aid package overwhelmingly passed by U.S. lawmakers late Monday jeopardizes the first significant climate change legislation to win congressional approval in about a decade. Trump has threatened…
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Theaters, concert venues left waiting for help after Trump threat
The $900 billion coronavirus relief package includes a long sought measure to send aid to struggling independent theaters and music venues. But now those cultural centers and small businesses are left waiting for help yet again. The measure was set…
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Testing delays, staff shortages impede distribution of Covid treatment used by Trump
A medical personnel administers a free Covid-19 tests at a state run drive-through testing site in the parking lot of the University of Texas El Paso campus amid the coronavirus disease (COVID-19) outbreak, in El Paso, Texas, November 23, 2020….
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U.K. government confirms second strain of coronavirus
A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks in central London on December 23, 2020. Tolga Akmen | AFP | Getty Images WASHINGTON — A second new and potentially more infectious variant of the novel…
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Covid aid package gives airlines $15B if they recall furloughed workers
Airline industry workers hold signs during a protest in Federal Plaza in Chicago, Illinois, on September 9, 2020. Kamil Krzaczynski | AFP | Getty Images U.S. airlines have begun the complicated process of calling back 32,000 workers they furloughed this…
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Sorrento Therapeutics’ antibodies injection, nose drops to fight Covid
Medical staff member Christina Mathers attends to a patient, who is unconscious, as she holds the patient’s hand in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 21, 2020 in Houston, Texas. Go Nakamura…
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Trump slams Covid stimulus bill U.S. President Donald Trump waves as he departs on the South Lawn of the White House, on…
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Treasury yields climb after Trump threatens to derail stimulus bill
U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package. The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher…
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Trump threatens to derail US stimulus
LONDON — European markets are set to open mostly lower on Wednesday, as investors react to President Donald Trump’s disapproval of a long-delayed U.S. coronavirus stimulus package. Britain’s FTSE 100 is seen falling 25 points to 6,432, Germany’s DAX off…
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5 things to know about virus spreading in the U.K.
A notice informing people of ‘Tier 4’ coronavirus restrictions lights up a digital advertising screen on Oxford Street in London, England, on December 21, 2020. David Cliff | NurPhoto | Getty Images The U.K. has identified a new variant of…
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5 things to know before the stock market opens December 22, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow headed for a higher open after Capitol Hill finally delivers on stimulus Ornaments on the New York Stock Exchange (NYSE) holiday…
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Trump Covid vaccine czar says ‘extremely low’ chance Pfizer and Moderna shots won’t work against new strain
Christy Ruffell, manager of clinic nursing standards at UCHealth Medical Center, left, administers the Covid-19 vaccine to CNA Luis Perez, right, at UCHealth Poudre Valley Hospital on December 14, 2020 in Fort Collins, Colorado. Helen H. Richardson | The Denver…
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House panel subpoenas HHS, CDC chiefs as investigation into Covid response intensifies
U.S. Health Secretary Alex Azar and the director of the Centers for Disease Control and Prevention, Dr. Robert Redfield, have been subpoenaed by a House panel investigating the Trump administration’s response to the Covid pandemic. Rep. James Clyburn, chairman of…
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5 things to know before the stock market opens December 21, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure on concerns about new Covid strain Traders work on the floor of the NYSE. NYSE 2. Doctors say…
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FDA pushes back on Trump tweet suggesting Moderna’s Covid vaccine won emergency-use approval
U.S. President Donald Trump delivers remarks at an Operation Warp Speed Vaccine Summit at the White House in Washington, U.S., December 8, 2020. Tom Brenner | Reuters The Food and Drug Administration on Friday pushed back on a tweet from…
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5 things to know before the stock market opens December 18, 2020
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street set for a steady open after Dow, S&P 500, Nasdaq closed at records U.S. stock futures were little changed Friday,…
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Biden to pick North Carolina environmental regulator to run EPA
Michael Regan listens as North Carolina Gov. Roy Cooper announces that Regan will lead the Department of Environmental Quality in North Carolina, at the Executive Manson in Raleigh, N.C. Jan. 3, 2017. Chuck Liddy | AP President-elect Joe Biden will…
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5 things to know before the stock market opens December 17, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. S&P 500 set to open above its record close level Even as strong as the Nasdaq’s over 40% rise has been in 2020,…
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5 things to know before FDA panel votes on Moderna
Medical syringes are seen with Moderna company logo displayed on a screen in the background in this illustration photo taken in Poland on October 12, 2020. Jakub Porzycki | NurPhoto | Getty Images A key Food and Drug Administration advisory…
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Former Obama HHS official criticizes Trump administration’s global Covid approach
Former Health and Human Services official Dr. Mario Ramirez told CNBC that he was “concerned” about equitable access to Covid-19 resources around the globe, and criticized the Trump administration for not participating in the multilateral COVAX facility. “One of the…
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Dr. Fauci says U.S. could return to normal by mid-fall if most people get Covid vaccine
Dr. Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, speaks during a White House Coronavirus Task Force press briefing in the James Brady Press Briefing Room at the White House on November 19, 2020 in Washington,…
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U.S. quarantines Pfizer shipments in California, Alabama after transit ‘anomaly’
Pfizer’s Covid-19 vaccine is pictured at Rady Children’s Hospital before it’s placed back in the refrigerator in San Diego, California on December 15, 2020. Adriana Drehsler | AFP | Getty Images U.S. officials said Wednesday they quarantined several thousand doses…
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Auto industry wants more government support for electric vehicles
The leading lobbying group for the U.S. auto industry is calling on policymakers to help support the adoption of electric vehicles through incentives, infrastructure investment and other regulatory means. Without suggesting a cost for such EV stimulus programs, the Alliance…
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FDA staff endorses emergency use of Moderna’s in a critical step toward approval
Tony Potts, a 69-year-old retiree living in Ormond Beach, receives his first injection as a participant in a Phase 3 COVID-19 vaccine clinical trial sponsored by Moderna at Accel Research Sites on August 4, 2020 in DeLand, Florida. Paul Hennessy…
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5 things to know before the stock market opens December 15, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to rise after fears of Covid restrictions wiped out Monday’s gains Traders work on the floor of the New York Stock…
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U.S. plans to ship 6 million Moderna doses once FDA gives OK
This creative image taken in a studio in Paris on November 16, 2020, showing a syringe and a vaccine vial with the reproducted logo of a US biotech firm Moderna, illustrates the announcement of an experimental vaccine against Covid-19 from…
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U.S. passed on more Pfizer doses in November, says board member Gottlieb
The U.S. government turned down an offer to secure more doses of Pfizer‘s Covid-19 vaccine in November, company board member Dr. Scott Gottlieb told CNBC on Monday. The Trump administration in July locked in a deal for 100 million doses…
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Biden advisor urges trust, says politics didn’t sway approval
A health advisor to President-elect Joe Biden on Monday urged Americans to have confidence in Covid-19 vaccines, telling CNBC the regulatory review for the Pfizer-BioNTech vaccine adhered to scientific protocols. “We know that this process that has been used by…
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Trump does not wear mask at Army-Navy game despite Covid concerns
US President Donald Trump joins West Point cadets during the Army-Navy football game at Michie Stadium on December 12, 2020 in West Point, New York. Brendan Smialowski | AFP | Getty Images President Donald Trump did not wear a mask…
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How and when will I get it?
The first Covid vaccine has just been cleared for emergency use in the U.S. Late Friday, the Food and Drug Administration authorized the Pfizer-BioNTech coronavirus inoculation for distribution across the country. Within hours, FedEx and United Parcel Service will begin…
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Pfizer’s Covid vaccine approved by FDA for emergency use
The Food and Drug Administration has approved Pfizer and BioNTech‘s coronavirus vaccine for emergency use, a monumental turning point in the once-in-a-century pandemic that has taken nearly 300,000 American lives in less than a year and wreaked havoc on the…
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FDA chief says agency will quickly approve Pfizer’s Covid vaccine for emergency use
A vial of the Pfizer/BioNTech COVID-19 vaccine is seen ahead of being administered at the Royal Victoria Hospital in Belfast, Northern Ireland December 8, 2020. Liam McBurney | Pool | Reuters The U.S. Food and Drug Administration is “rapidly” working…
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FDA panel recommends approval for emergency use
A key Food and Drug Administration advisory panel on Thursday recommended the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use in people over 16 years old, the last step before the FDA gives the final OK to broadly…
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6 things to know before FDA panel votes today
A vial of the Pfizer/BioNTech COVID-19 vaccine. Liam McBurney | Reuters A Food and Drug Administration panel is scheduled to vote Thursday on whether to recommend the approval of Pfizer and BioNTech’s coronavirus vaccine for emergency use. The non-binding decision…
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U.S. plans to ship 2.9 million Covid doses as early as the end of this week
General Gustave Perna, chief operating officer for the Defense Department’s Project Warp Speed, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty…
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5 things to know before the stock market opens December 9, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to add to Tuesday’s record close The S&P 500 saw its first close over 3,700 as Wall Street has gotten off…
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Beware of Covid vaccine scams. Don’t get a fake one
Woman holds vials labelled “COVID-19 Coronavirus Vaccine” over dry ice in this illustration taken, December 5, 2020. Dado Ruvic | Illustration | Reuters “I can’t produce enough for the masses,” Johnny T. Stine wrote on Facebook in May, “but in…
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U.S. declined Pfizer offer for more doses, says Scott Gottlieb
Dr. Scott Gottlieb, a member of Pfizer’s board, told CNBC on Tuesday the company’s offers to provide the U.S. additional doses of its coronavirus vaccine in 2021 was declined by the Trump administration. The government in July agreed to a deal with…
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5 things to know before the stock market opens December 8, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop for second day after Friday’s record Traders work on the floor of the New York Stock Exchange. NYSE The…
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Trump to sign Covid-19 vaccine executive order prioritizing Americans
US President Donald Trump speaks during a ceremony presenting the Presidential Medal of Freedom to wrestler Dan Gable in the Oval Office of the White House in Washington, DC on December 7, 2020. Saul Loeb | AFP | Getty Images…
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FDA may authorize Pfizer’s this week
Dr. Joseph Varon, left, and other medical staff member talk to a patient in the COVID-19 intensive care unit (ICU) at the United Memorial Medical Center on December 6, 2020 in Houston, Texas. Go Nakamura | Getty Images The Food…
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Dr. Scott Gottlieb won’t eat indoors in a restaurant due to Covid risk
Dr. Scott Gottlieb told CNBC on Monday he has avoided indoor dining during the coronavirus pandemic over safety concerns. “On a personal level, I’ve gone to many big-box stores properly masked, and I wear a high-quality mask when I go out. I…
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5 things to know before the stock market opens December 7, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after a day of records not seen in nearly 3 years New York Stock Exchange building is seen decorated…
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Trump says Rudy Giuliani has tested positive for coronavirus
Rudy Giuliani, personal lawyer of US President Donald Trump, looks on during an appearance before the Michigan House Oversight Committee in Lansing, Michigan on December 2, 2020. – The president’s attorneys, led by Rudy Giuliani, have made numerous allegations of…
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U.S. Covid-19 Vaccine Chief to meet Biden transition team this week
Dr. Moncef Slaoui, vaccine expert, delivers an update on “Operation Warp Speed” in the Rose Garden of the White House in Washington, DC on November 13, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump’s coronavirus vaccine czar…
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Only 25 Republican lawmakers have acknowledged Biden’s win over Trump: Report
U.S. Senate Majority Leader Mitch McConnell (R-KY) talks with reporters following the weekly Republican Senate conference meeting in the Mansfield Room at the U.S. Capitol in Washington, December 1, 2020. Tom Williams | Reuters Only 25 Republican lawmakers in Congress…
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CNBC’s Andrew Ross Sorkin, Rick Santelli debate over Covid lockdowns
“Squawk Box” co-host Andrew Ross Sorkin and CNBC bond maven Rick Santelli engaged in a heated on-air debate Friday over coronavirus restrictions, a back-and-forth that mirrored the ongoing divide among many Americans throughout the pandemic and the derisiveness of the…
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Fauci walks back critical remarks of UK’s authorization
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, attends a briefing by the White House coronavirus task force in the Brady press briefing room at the White House in Washington, U.S., November 19, 2020. Leah…
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NASA will pay a company $1 to collect moon rocks
A photo of the moon taken by SpaceIL’s Beresheet spacecraft in orbit. SpaceIL NASA will pay an amazingly low price – a dollar – to have a company make a single small collection of moon dirt on the agency’s behalf….
Read More Why Pfizer's Covid vaccine has been authorized in the U.K. but not the U.S. yet
Pfizer had been submitting data on its vaccine on a “rolling basis” to the U.K., meaning regulators there were able to review the data in real-time.
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Anthony Fauci to meet with Joe Biden’s Covid transition team for first time
Director of the National Institute of Allergy and Infectious Diseases Anthony Fauci speaks with Vice President Mike Pence as they participate in a news briefing with member of the White House Coronavirus Task Force in the James S. Brady Press…
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Obama will take doses, might film to build confidence
Former President Barack Obama speaks in support of Democratic presidential nominee Joe Biden during a drive-in rally at the Florida International University on November 02, 2020 in Miami, Florida. Joe Raedle | Getty Images Former President Barack Obama said Wednesday…
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Trump Covid vaccine czar says U.S. should be able to immunize nearly third of population by end of February
The U.S. should be able to distribute enough coronavirus vaccine doses to immunize 100 million people by the end of February, President Donald Trump’s Covid-19 vaccine czar said Wednesday. That will be enough doses to protect a “significant portion” of the…
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5 things to know before the stock market opens December 2, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop despite U.K. approval of Covid-19 vaccine Economists expect Wednesday’s monthly ADP report on private sector jobs to show that…
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Flight Attendants-CWA’s Sara Nelson: Airlines facing biggest crisis
The airline industry is facing its biggest disaster ever as Capitol Hill hits another impasse over a coronavirus relief bill, said Sara Nelson, president of the Association of Flight Attendants-CWA. “We are experiencing a crisis that is bigger than all…
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White House summons FDA chief to discuss why agency isn’t moving faster on vaccine
FDA Commissioner Dr. Stephen M. Hahn speaks as US President Donald Trump listens during the daily briefing on the novel coronavirus, COVID-19, in the Brady Briefing Room of the White House in Washington, DC on April 21, 2020. Mandel Ngan…
Read More Trump Covid vaccine czar says side effects ‘significantly noticeable’ in 10% to 15% of recipients
Dr. Moncef Slaoui, vaccine expert, delivers an update on “Operation Warp Speed” in the Rose Garden of the White House in Washington, DC on November 13, 2020. Mandel Ngan | AFP | Getty Images President Donald Trump’s coronavirus vaccine czar…
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Post-election, political partisanship on Main Street is spiking
U.S. President-elect Joe Biden speaks about the U.S. economy following a briefing with economic advisers in Wilmington, Delaware, November 16, 2020. Kevin Lemarque | Reuters Main Street confidence dropped again this quarter — the second setback this year and also…
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Biden Covid advisor ‘relieved’ about Dr. Scott Atlas resignation
President-elect Joe Biden’s Covid advisory board member Dr. Celine Gounder told CNBC that she is “relieved” upon hearing news that President Donald Trump’s special advisor on the coronavirus pandemic, Dr. Scott Atlas, formally resigned from his post. “I am relieved…
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5 things to know before the stock market opens November 30, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow on track for best month in over 33 years A Wall Street sign is seen near the New York Stock Exchange (NYSE)…
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Biden team receives Operation Warp Speed briefing after weeks of delays
WASHINGTON — President-elect Joe Biden‘s transition team has been briefed on America’s response to the Covid-19 pandemic, Health and Human Services Secretary Alex Azar told reporters Tuesday. Azar said that on Monday evening Rear Adm. Erica Schwartz, the official leading the transition…
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GM withdraws support for Trump’s emissions lawsuit against California
President Donald Trump delivers remarks at American Center for Mobility in Ypsilanti, Michigan with General Motors CEO Mary Barra and other auto industry executives on March 15, 2017. Nicolas Kamm | AFP | Getty Images General Motors is withdrawing from…
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Regeneron to provide 300,000 doses of Covid treatment for U.S. by early January, CEO says
Regeneron will provide the U.S. with 300,000 doses of its newly authorized Covid-19 antibody treatment by early January, the company’s CEO, Dr. Leonard Schleifer, said Monday. The Food and Drug Administration on Saturday granted an emergency use authorization for the company’s antibody treatment, called REGN-COV2….
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5 things to know before the stock market opens November 23, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise after positive news on Covid vaccine, treatments 2. AstraZeneca Covid vaccine shows up to 90% efficacy A test tube labelled…
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Trump coronavirus vaccine chief has had ‘no contact’ with Biden transition team
Operation Warp Speed chief advisor Dr. Moncef Slaoui has had “no contact” with the Biden administration regarding the transition process and the vaccine distribution process. Since President-elect Joe Biden won the election, President Donald Trump has refused to concede and his campaign has…
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Covid treatment used by Trump authorized by FDA
View of Corporate and Research and Development Headquarters of Regeneron Pharmaceuticals on Old Saw Mill River Road in Tarrytown, New York. Lev Radin | LightRocket | Getty Images The Food and Drug Administration on Saturday granted an emergency use authorization…
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Trump does not participate in G-20 event on global pandemic preparedness
President Donald Trump waves as he plays golf at Trump National Golf Club in Sterling, Va., Saturday, Nov. 21, 2020. Manuel Balce Ceneta | AP Photo President Donald Trump on Saturday did not participate in a virtual G-20 session on…
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White House ready to ship Covid vaccines if approved
President Donald Trump‘s administration is ready to help distribute coronavirus vaccines across the United States should regulators grant emergency approvals, Operation Warp Speed advisor Dr. Moncef Slaoui told CNBC on Friday. “As soon as the EUA is approved, within 24…
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U.S. reports record 187,833 new Covid cases as CDC warns against Thanksgiving travel
Medical workers wearing personal protective equipment (PPE) administer Covid-19 tests at a drive-thru testing site at the Alemany Farmers Market in San Francisco, California, U.S., on Thursday, Nov. 19, 2020. David Paul Morris | Bloomberg | Getty Images The United…
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Biden to rejoin Paris Climate Accord. Here’s what happens next
WILMINGTON, DE – NOVEMBER 19: President-elect Joe Biden answers a reporter question after he delivered remarks at the Queen in Wilmington, Delaware on Thursday, Nov. 19, 2020. (Photo by Salwan Georges/The Washington Post via Getty Images) The Washington Post |…
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5 things to know before the stock market opens November 20, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Investors assess vaccine news against Covid-19 case spikes Pfizer and BioNTech said they’ll apply with the FDA on Friday for emergency use authorization…
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Schools need to be ‘the last thing’ shut down
Schools should be the “last thing” shut down as governors and local officials around the U.S. weigh further public health restrictions in response to surging coronavirus cases, Dr. Scott Gottlieb told CNBC on Friday. “We should be trying to curtail whatever activities…
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White House says U.S. is prepared for surge as CDC warns of accelerating Covid deaths
U.S. Vice President Mike Pence stands in front of a map of the United States indicating the spread of coronavirus disease (COVID-19) portrayed as new cases per 100,000 population as Pence leads a briefing by the White House coronavirus task…
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Trump International Hotel Washington DC sale put on indefinite hold
The Trump International Hotel in Washington, D.C. Adam Jeffery | CNBC The Trump Organization’s efforts to sell the Trump International Hotel Washington DC have been put on indefinite hold, casting doubts on the future of one of the President’s biggest…
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5 things to know before the stock market opens November 19, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to extend losing streak to three sessions Dow futures pointed to a decline at Thursday’s open after two straight down sessions…
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Lordstown Motors races to revive shuttered Ohio GM plant
When General Motors decided to pull the plug on a sedan plant in northeast Ohio almost two years ago, the Detroit-based automaker was reacting to America’s growing interest in trucks and SUVs. The move eliminated more than 1,300 jobs, creating…
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Newsmax CEO Christopher Ruddy knocks down Trump TV speculation
Newsmax founder and CEO Christopher Ruddy on Tuesday sought to quell speculation that the conservative television news channel and website would become a Trump-branded network after President Donald Trump departs the White House, telling CNBC that too much was being…
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‘You can’t run away from the data’
Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, sits ahead of a Senate Health Education Labor and Pensions Committee hearing in Washington, D.C., U.S., on Wednesday, Sept. 23, 2020. Graeme Jennings | Bloomberg | Getty Images…
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5 things to know before the stock market opens November 17, 2020
Here’s the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street under pressure after Dow, S&P 500 close at records Dow futures pointed to a more than 200 point drop at Tuesday’s…
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Trump Covid vaccine czar hopes work not disrupted by Biden transition
Dr. Moncef Slaoui, who oversees the Trump administration’s coronavirus vaccine program, told CNBC on Monday he hopes its work to fast-track development is not interrupted by a transfer of power to President-elect Joe Biden. “We’re not going to be distracted…
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Biden holds joint meeting with union leaders and retail, auto, tech CEOs
WASHINGTON — President-elect Joe Biden hosted a joint meeting Monday with labor union leaders and the chief executives of major tech, retail and auto companies. The business leaders at the virtual meeting were General Motors CEO Mary Barra, Microsoft president…
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5 things to know before the stock market opens November 16, 2020
1. Dow set to jump on more promising Covid-19 vaccine data Dow futures pointed to about a 500 point gain at Monday’s open after Moderna said its preliminary trial data showed its coronavirus vaccine was more than 94% effective. Last…
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Trump says coronavirus vaccine won’t be delivered to New York right away
President Donald Trump said Friday that the U.S. government would not deliver a coronavirus vaccine to New York if and when one is available. New York Gov. Andrew Cuomo “will have to let us know when he’s ready for it…
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Americans would spend more on holidays with $1,200 stimulus
A shopper is aided by an employee at a Lowe’s hardware store in Philadelphia, Pennsylvania, U.S. November 4, 2020. Mark Makela | Reuters A fresh round of stimulus checks in Americans’ bank accounts before the end of the year could…
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U.S. reports record 153,400 new Covid cases as Dr. Fauci urges Americans to be careful: ‘It is not futile’
Spc. Demetrie Barnett of the Nevada National Guard administers a COVID-19 test during a preview of a free drive-thru COVID-19 testing site in the parking garage of the Texas Station Gambling Hall & Hotel on November 12, 2020 in North…
Read More 5 things to know before the stock market opens November 13, 2020
1. Dow set to post weekly gains despite volatility Dow futures pointed to an over 200 point gain at Wall Street’s open on this Friday the 13th of November. The Dow Jones Industrial Average sank 317 points Thursday, after a…
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Trump donors Dick, Liz Uihlein of Uline have coronavirus
Liz and Dick Uihlein, billionaire owners of the shipping supply company Uline and two of the Republican Party’s biggest donors, have tested positive for the coronavirus, a family spokesman confirmed Thursday to CNBC. Liz Uihlein, who with her husband is…
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Justice Department absolves prosecutors for sex crime deal
Charges against Jeffery Epstein were announced on July 8, 2019 in New York City. Epstein will be charged with one count of sex trafficking of minors and one count of conspiracy to engage in sex trafficking of minors. Stephanie Keith…
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Joe Biden’s climate change plans face uncertain future in the Senate
U.S. President-elect Joe Biden discusses the importance of protecting the Affordable Care Act (ACA) as he speaks to reporters about his health care plan during a news conference in Wilmington, Delaware, U.S., November 10, 2020. Jonathan Ernst | Reuters President-elect…
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Under Armour, Nike, and Lululemon could profit from athleisure boom
As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving. But the company that urged athletes to “Fight on Together” has…
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Bioethicists worry the rich and powerful will get special access to experimental treatments
U.S. President Donald Trump looks over at reporters and photographers as the president departs Walter Reed National Military Medical Center after a fourth day of treatment for the coronavirus disease (COVID-19) to return to the White House in Washington from…
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5 things to know before the stock market opens November 12, 2020
1. Stocks set to drop as the Covid-19 vaccine-inspired rally pauses Dow futures pointed to an over 250 point decline at Thursday’s open as Wall Street worried about record spikes in new U.S. daily coronavirus cases. On Wednesday, the Dow…
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Moscow will work with winner of U.S. elections
A woman and her dog leave Red Square in downtown Moscow on September 24, 2020. YURI KADOBNOV | AFP | Getty Images U.S.-Russia relations are at a low point, according to the head of Russia’s sovereign wealth fund, who told…
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Former Aetna CEO Mark Bertolini offers ideas to improve Obamacare
Former Aetna CEO Mark Bertolini told CNBC on Wednesday that the flaws in the Affordable Care Act can be fixed without totally getting rid of the law. “To tear … this very important program out now, in the midst of this…
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New coronavirus case from Trump White House election party
Former Donald Trump campaign adviser, Healy E. Baumgardner, right, talks to a member of the media in the hallway of the Rayburn House Office building on Capitol Hill in Washington, Thursday, April 26, 2018. Pablo Martinez Monsivais | AP Two…
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IBM CEO sent President-elect Biden a letter. Here’s why he wrote it
The technology industry has had an up-and-down relationship with President Trump, even though for many tech stocks, the Trump presidential first term has been up and to the right on the trading chart. Apple CEO Tim Cook received kudos for…
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5 things to know before the stock market opens November 11, 2020
1. U.S. stocks set to rise, even tech stocks Traders work the floor of the New York Stock Exchange. NYSE Dow and Nasdaq futures pointed to gains at Wednesday’s open, and tech stocks bounced after two rough days. The Nasdaq…
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Biden puts health care front and center with a call to expand Obamacare
WILMINGTON, DELAWARE – NOVEMBER 09: U.S. President-elect Joe Biden speaks to the media after receiving a briefing from the transition COVID-19 advisory board on November 09, 2020 at the Queen Theater in Wilmington, Delaware. Mr. Biden spoke about how his…
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President-elect Biden on Obamacare’s Supreme Court challenge
[The stream is slated to start at 2 p.m. ET. Please refresh the page if you do not see a player above at that time.] President-elect Joe Biden delivers remarks Tuesday afternoon in Wilmington, Delaware, on the challenge to Obamacare…
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U.S. officials warn of challenges administering Eli Lilly’s antibody drug
In this May 2020 photo provided by Eli Lilly, researchers prepare mammalian cells to produce possible COVID-19 antibodies for testing in a laboratory in Indianapolis. David Morrison | Eli Lilly via AP States and local health-care systems should expect to…
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How Joe Biden plans to fight the coronavirus pandemic
The U.S. can expect increased Covid-19 testing, a national mask policy and the possibility of nationwide lockdowns once President-elect Joe Biden takes office Jan. 20. The Biden-Harris campaign laid out a step-by-step plan for addressing the coronavirus pandemic that includes…
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What Biden’s victory means for the future of Obamacare
U.S. Democratic presidential candidate Joe Biden delivers remarks on health care at the Beech Woods Recreation Center in Southfield, Michigan, October 16, 2020. Tom Brenner | Reuters President-elect Joe Biden’s victory over incumbent President Donald Trump will establish “a sea…
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5 things to know before the stock market opens November 10, 2020
1. Dow futures up, Nasdaq futures down as rotation out of tech continues A man wearing a mask passes the Charging Bull statue in New York’s financial district. Mark Lennihan | AP Dow futures pointed to a nearly 150 point…
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Eli Lilly says Covid antibody drugs needed even if there’s a vaccine
Eli Lilly Chairman and CEO Dave Ricks told CNBC on Tuesday the company’s coronavirus antibody drug will still be an important treatment for Covid-19, even if a widely available vaccine is brought to market. The Food and Drug Administration granted Eli…
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Trump campaign official David Bossie has coronavirus
From left; Former U.S. Rep. John Shadegg, Citizens United President David Bossie, former Arizona Treasurer Jeff DeWitt, Arizona U.S. Rep. Debbie Lesko, R-Ariz.,speaking, Republican Party Chairwoman Kelli Ward, and U.S. Rep. Paul Gosar, R-Ariz., participate in an Arizona Republican Party…
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U.S. cases top 10 million as outbreaks spike across nation
An attendant talks to a person waiting in their car at a coronavirus testing site at Ascarate Park on October 31, 2020 in El Paso, Texas. Cengiz Yar | Getty Images News | Getty Images The United States has now…
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Wearing a mask is ‘not a political statement’
President-elect Joe Biden urged Americans on Monday to wear a mask to help the country bring the coronavirus pandemic under control, to save lives and to enable communities to reopen schools and businesses. Biden made his comments hours after Pfizer…
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