the markets go up, the revenue goes up with the market. ♪ [bell ringing] liz: the, you are witnessing for the first time ever, a close above dow 30,000. a record for the dow, s&p. have a great day. >> it's official, history is made today. dow closing above 30,000 milestone for the first time. a new record close for the dow jones industrial average. a close above 129,000 in january for the first time and now here we are november 24 and we are above 30,000. more than 450 points, we have a new record close for the s&p 500 today. the nasdaq is close to a record of it short, of by 1.3% on the day. great to be with you. welcome to the show. it is time for the news. plenty of it happening at this hour.

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 broad-based 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 wasn't 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, let's take a pause and talk about the reasons we were hired today. investors are optimistic about the vaccine news we've been getting and there's a light at the end of the tunnel but also, the biden cabinet picks, they were pretty moderate. not as extreme as they could have been an investors like that. add to that pricing into this rally, split government we need to keep an eye on the georgia senate races and make sure it holds but the market seems to think that wells. it probably will continue to do so and finally, this is a testament to america's resilience. it's been so difficult to get through this pandemic and we know there will be dark months ahead but having said that, even the businesses struggling that you talk to every day on the

show, they are hanging on and things are getting better. i think that's what investors and the rest of america is seizing onto today. >> i think the you you are right. they see a light at the end of the tunnel. thank you. we'll talk about it more. the former reagan economic advisor, dow 37 30,000. it's often said the stock market is a forward-looking mechanism and tells us something about the economy in the future. what is the message you take away today about that? >> first, i want to blow the kazoo. it's a wonderful number. it is great to have a number like this. it's great that happens in the trump administration but what it tells us is the market looking forward, all the stuff trump has done is in place, you got the

president coming in is not an extremist, the best possible candidate for the democrats. the vice president kamala harris i think is a very reasonable person. we could have been a lot worse with bernie sanders or elizabeth warren or buttigieg for any of these, they are making very reasonable appointments. you couldn't ask for a better appointment. that is really good if you look at what is going on, i think the world looks a lot better than it did a month or two ago and i think that is what the market is telling us. it really likes what biden is doing compared to what they thought a reasonable period of non- extreme policies. connell: follow-up on the janet comments. enthusiastic endorsement for the formal shed -- tell us about that appointment. >> i think she is very good, she's chairman of the bed, she's

been involved in this forever. plus for the record, she's married to a man from yale. that doesn't do any harm she's done a great job and i think she will continue to do a great job. she's reasonable, conservative and very focused on getting things done correctly for the prosperity of the country. connell: all right, the divided government argument, jackie brought up and people are talking about that. we got a couple of senate races to get through in georgia. if they were to go to the democrats, kamala harris could be the tie-breaking vote and democrats would have control across the board. is that a risk for stocks and the economy? >> of course it is a risk that i was down in georgia last night, i did a fundraiser for perdue last night and making georgia, came back last night and if you look at the republicans, look at

the candidates, kelly and perdue are probably two of the best senators i've ever seen in u.s. history. when you look at the prospects, i think the prospects are much better and they will stay in office in we'll have a nice duty to republican senators and reasonable democrats in the senate. i think the deflation will be done properly and not radically. there will be an extreme flip of everything. it's very good for the markets, very good for the country. i think just honestly, tip of my hat to joe biden for picking the right type of people to do a good. of economic prosperity. i think the economics i think the same thing. connell: outside of the presidential politics and the rest, something we haven't mentioned that we probably should because people are going through a tough time now with

this coronavirus in the u.s. they do now see a light at the end of the tunnel. don't think with the vaccines? we have three of them out there. what does the economy look like they made next year or whenever we are where everybody that wants to be vaccinated can be against the virus? >> i think it shows very well for that. i'm putting my focus, may of next year which is when it will be all gone or at least almost all will be gone. sanctions will be lifted and people can work everywhere and we can feel reasonably safe from the coronavirus. as we get closer and closer to that time, obviously there are a lot of problems with a new caseload coming on and the deaths occurring. it is terrible but there is light at the end of the tunnel and the light is not so far away anymore you've got a wide range of choices of vaccinations and probably even more, i think there are three now and probably by the time we are through, there will be seven or eight. got much better remedial things

to take care of people are sick. if you look at the case fatality rate, it is falling sharply. the marginal case is getting very low which is just what you want and we learned how to deal with this disease, we got vaccinations coming very soon so i think the market seeing beyond the coronavirus era to an era of prosperity in america. connell: take some positive -- you do -- >> biden is going to be okay. he is the best the democrats have and he's a very nice man and doesn't have a chip on his shoulder and not seeking revenge from people and stuff like that. ask any senator, republican or democrat what they think of joe biden and they all talk very favorably of him and so do i. connell: really interesting comments from you today.

you don't have a chip on your shoulder either and you are a nice man. down 30,000. good to see you, art. white house briefing room, he talked a little bit about the dow. blake burman is live with more on that. there's no sound effects like ours. blake: your putting me behind the eight ball on that one. i'll take it from here. we saw the historic milestone 11:30 a.m. about an hour after that, president trump took to the briefing room to give a one minute statement, celebrating the moment, didn't take any questions after that. there were parts of the remarks from the president today. >> i want to congratulate everybody, the stock market dow jones industrial average just hit 30,000 which is the highest in history. we've never broken 30,000. that's despite everything that's taken place with the pandemic.

i'm very thrilled with what happened on the vaccine front, that's been incredible. nothing like that has ever happened medically. i think people are acknowledging that it is having a big affect. blake: your member the home stretch of the campaign, president trump made the case that joe biden were to be elected president, the stock market would quote unquote, crash. however, we seen a steady continuation, steady climb in the stock market since then. connell: we have. one of the things, all this optimism we had about vaccines. not one, not two but three. there were interesting comments about timing today. >> doctor robert redfield gave police a potential window as to when we could see the very first vaccine hit the marketplace. watch. >> the vaccine will begin to be rolled out probably by the end

of the second week of december. initially, in a nursing home residents and some combination of healthcare providers and individuals at high risk for a poor outcome. >> send end of the second week of december. second thursday in december when the fda with take up or talk about the pfizer covid-19 vaccine candidate. so second week of december, december 10. fda talks about potential, december 11 -- 12 in the vaccine could get out to the marketplace. by the way, we heard from elex is off today, he said they are now starting to read into biden administration and operations warp speed. connell: right. with all that, that didn't hurt the market either with the transition. q. to the government pipeline today

with president elect joe biden. cabinet nominees and other advisors with close ties across corporate america. hillary is live with the details for us. hillary. >> today's rollout in many ways, was in a large to obama. these have all served in the obama administration and now they are coming back. national security under president-elect biden will cover a lot more than terrorism. it's going to be a much larger umbrella in his administration. >> you also passed us with reimagining our national security team unprecedented combination of crises we face at home and abroad. the pandemic, the economic crisis, the climate crisis, technological disruption. >> this rollout is sparking

skepticism that biden is not following through on his promise to distance himself from special interest and those with ties to big business. obama alumni, powerful political consultant group, health google lobby for lucrative contracts over the past few years and multiple people that work there have landed at least two spots on biden's national security team and one is in the running for another top cabinet slot. biden's pick for secretary of state is the cofounder of west exec, biden's appointee for director of national intelligence, haynes, a principal there. a big role in google helping the department of defense deploy a technology for drone work even though ultimately, google ditched the contract. connell: very interesting. have we heard from for publicans about this biden national security team? what have they been saying? >> senator josh hawley, one of

those who ultimately gets to vote on several of these appointees while they try to get confirmed the senate, reacted like this. what a group of corporatist important busiest and big tech select. meghan is back everywhere since the iraq invasion and now works for big tech and helps companies break into china. you have no sense of what working americans want or need. rubio also had a take on these appointees as well saying they will be reminders of america's return to a decline and a dependency on china for the second time. connell: all right. not as big a fan as ours was of the biden appointees. calling on governors to trust the process but excepting the vaccine approval might not be the only hertl some states are facing especially new york. we are breaking down details. plus bracing for the black friday we got some tips.

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all right, vaccine and recovery hopes helping out the dow. we closed about the 30,000 milestone for the first time ever. how the vaccines and up being too stupid the still remains something of a question. calling on new york to accept the fda approval of vaccine. >> hopefully i can appeal to them to say yes, you can look at the data everybody should look at the data, there's nothing wrong with that but trust the process because it's a sound process. >> how will new yorkers and up considering this? there is a new survey out saying that nearly a quarter will take the vaccine even if the fda approves it james freeman is with us and fox news jupiter. what do you think of that number? >> i wish it was one 100%, saying they are ready to roll up the sleeves. the scientific progress this year has been amazing. the last thing we need is

politicians inserting themselves into the process here at the end and potentially deny these lifesaving treatments to people. >> right. when you say politicians, i think we all know you are referring to the governor of new york, andrew cuomo. >> also gavin newsom in california. they seem to think their state political bureaucracies on the way into this medical community is rendered a judgment and i think that would be a huge mistake given the consequences, mainly the shutdowns until we get vaccines widely available, i think it is going to be difficult to persuade the same politicians to let us live our lives again. >> when people have a position like well, we want a national

strategy for dealing with the virus, we want individual states to have the chance to review it and it's easy to show the hypocrisy. i want to hit you on another story about schools. the president of the united federation of teachers in new york is saying now that not all of the public schools in the city to have to close and they are closed right now. this after acknowledging testing rates in the schools are lower in the city. the idea from the union, even though i pushed to close it, if you had 3% positivity, maybe we should be more regional. this is really strange was happening in new york. what are your views? >> it is a shame, i feel for the kids most of all and their parents in new york who have had to deal with the shutdown because of the teachers union pressure. i think it is nice that the union president in that case is

maybe acknowledging reality but the truth is, the system should be open completely, not just the occasional school, they should all be open. we've seen data all over the world about how children are at risk, the schools are not the main transmission mechanism and also, teachers are at very little risk here. the median age of a public school teacher is about 40. there are very few teachers and the system, very few in classrooms who would be elderly. very you over the age of 60. so this is not a high risk population. the idea that the unions are going to continue to encourage any schools to stay close and really rob the kids of future earnings by denying the education they deserve is just amazing and appalling.

>> when you think it does become the economic story? one thing to be out of school for a few months, one or two or more years impacted by this? when does it become an even bigger story? >> i think it has big costs already. we've seen reports from all over just today, the washington post reported on the devastating impact in fairfax county, virginia near washington d.c. of the shutdowns and particularly the way kids at lower income levels, kids with special needs have struggled under this distance learning model that does not work for many, many students. we need to start putting them as a priority here as we go forward. of course, we need to protect human health but there are things that go along with that. we can not ask too many

sacrifices from these young people with impacts that they may carry for the rest of their lives in terms of diminished opportunities and earnings. connell: james, thank you. james freeman from the "wall street journal" with us today. we have news on jeopardy. it's preparing to resume reduction a couple weeks after the host died of pancreatic cancer. the show says ken jennings will serve as the first in a series of interim host beginning next monday before the show announces trebek's permanent replacement. we'll be right back. theu local

all right. we are back now. the national retail federation projecting 30% jump in online sales starting this holiday season. the other spike is being projected though, a spike in

cyber scams. gerri lewis, with what you need to know to protect yourself. >> that's right. happy holidays, that is the message from the fbi, more than ever, scammers are trying to get your money. you want to be on the alert for online shopping scams. stay away from unfamiliar websites offering to good to be true deals on brand name merchandise. scammers prey on black friday and cyber monday shoppers. they zip around trying to find deals. they will still your personal information and not deliver the goods you thought you ordered. watch for payment red flags. if they demand only cards or wire transfers, walk away. >> everybody can be fooled. even the most savvy security minded person can be fooled because the way they are constructing these campaigns is very specific and very good at creating content that looks like what it is supposed to look li

like. >> another area where the bad guys congregate this time of year, bogus charities, they call you and e-mail you, set up fake websites, try to pull your heartstrings to get money. tens of thousands of people get caught up in these scams every holiday season. only do business with people you already know, get a tracking number or anything you order so you can follow it's delivery path and finally, if you do become a victim, contact your bank and even call police. you want to make sure nobody else is hurt in this kind of thing. happy thanksgiving. connell: all important things. gerri, happy thanksgiving to you as well. a spoiler amazon urging customers to pick up packages of brick and mortar packages this year keep gives a secret this year. 900 cities and towns in the u.s., customers have between

three -- 15 days to pick up the orders depending on the location. state and local officials nationwide making a plea to stop the spread imposing new restrictions as millions are still heading to the airport ahead of thanksgiving. we have a live report from the airport coming up next. from china, heading to the moon. we'll talk about the space ambitions and what it could mean for the u.s. then president trump participating today and the annual thanksgiving turkey of the white house. turkey by the name of corn was the winner of the 73rd national thanksgiving turkey title. both turkeys involved, corn and cobb will retire through their new home on the campus of iowa state university. congratulations. >> corn, i hereby grant you a full part. thank you, corn. [applause]

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coming and going from the airport today bmw the nation's fourth busiest in terms of overall passenger traffic in the airport says for this holiday season, they expect about 55% volume compared to last year's one 100% volume. that number is actually lower nationwide. analyst at aaa say overall air travel will actually be half. that still means 2.6 million people are projected to fly and it created long lines, los angeles international airport boston as well. it has many infectious disease experts worried as so call covid fatigue could be the driving force be signed so many people not heeding the warnings. >> i know this is a lot to ask but he virtual giving will potentially prevent icu christmas. please make no mistake, people

will die because of thanksgiving gatherings. >> aaa says the vast majority of americans will drive to their destination. they make up about 95% of all the thanksgiving holiday travelers. 48 million americans expected to hit the road if they haven't already done so, tomorrow or the coming days. sunday after thanksgiving will be the busiest of all the days. a lot of people are going forward with the plans despite cdc warnings guidelines from infectious disease experts. >> the covid fatigue, that seems to be the case. thank you, casey. roger, the president ceo travel association, you hear these warnings from health officials and politicians and government agencies, the cdc.

how do you balance that in terms of how you look at the travel industry which you represent that's been hit so hard by the pandemic? >> i think the most important thing, people have to travel safely. it is a two-way street. travelers have to do their part, wearing a mask and washing hands and travel industry is doing their part. people are still traveling as you just said hopefully they do it much more safely and eating all the warnings and a lot of smaller groups at thanksgiving from what i'm hearing. connell: it's one of those catch-22's. obviously people want to be with the family and if your family is far away, that put you in a tough spot but if you go to the airport, traveling over the summer for work, there was nobody there but if you go this sunday, there are a lot of people there. you put yourself at risk but the companies that are operating are

doing their part to keep people safe? >> your exactly on. airlines are doing a tremendous job with filters, sanitation, the hotels are doing a great job and it is a two-way street. people whether mass and distant, people can travel. i'm traveling by and being smart about the protocols. connell: okay. how far away are you going? how many people are you staying with? what did you change this year as opposed to the past? >> we usually have a larger gathering of our family. now it is just my wife and daughter and her husband, so just the four of us and we are ordering out for the food being delivered to our house and keeping it safe. washing hands a lot, wearing masks outside but not inside as we are family. connell: i think a lot of people are doing something similar. give me a look at your industry before we let you go. it has been so tough for so many

companies but in particular for these people work at the companies. where are we on travel jobs? when you see a rebound? >> 30% of all unemployment comes from our industry and we are only 10% of the jobs. we've got to get epp back, government relief, it has to happen. get the politics out and i see travel coming back moderately first quarter stronger. second quarter and 2022 being a great year. once people feel safe to travel, they will. they are fatigued from staying home. connell: you already see that the vaccine comes in and probably it will hit even more, that demand. >> certainly good news and looking forward to getting this industry back to because as those the u.s. economy so we've got to get travel back. connell: right. some of the optimism we see in the stock market today is among

people thinking that yes, we will get back to where we were, they can see it. the dow hit 30,000. roger, thank you very much. u.s. travel association. cracking down on and off the field. nfl has stricter safety guidelines. all coaches and players have to adhere starting thanksgiving week. physically distancing and mask wearing on game day. also, reducing the number of people traveling with the teams. the players who don't wear a mask on the sidelines will now be disciplined. ♪

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no significant, it's not important. what you say? >> first of all, let me congratulate the chinese, they are following the u.s. step-by-step. there are still 34 years behind the u.s. but they are taking shortcuts. they are squeezing the program as they follow. they will appreciate more than a few months instead of an orbiter and then lander and then a rover, it is one mission with an orbiter, lander and rover to explore mars. the chinese are methodically following the west, making shortcuts along the way. connell: right. so we don't have to worry about an old-school space race like the u.s. and soviet union years ago. the chinese can't keep up is what you're saying. michio: yes but we do have to worry about when earth. reaching the moon has minimal

military value. it takes three days to go to the moon. space for would be in a matter of hours, not days but we do have to worry in the sense that hypersonic drones are the next choice the russians have already announced last year that they have an operational weapon, they are ahead of the u.s. in this and the chinese, not to be on that, they also are working on hypersonic drones such as because we are reaching for the moon, but on the earth they are still catching their bets on weapons. connell: rights. the space force announcement we had at the time, some people said this is not important but i think we spoke to at the time and explained why it was. what would you say now? michio: he really is that we control directly or indirectly,

over 50% in the u.s. if a war were to break out, we would suffer the most. as a very basic minimum, space force basically protect our assets or economies, telecommunications. all of that is done in space. these are assets that have to be protected. let's hope it does not lead to an uncontrolled arms race. that would be a negative implication of the space force. connell: no doubt. very negative. to bring it back to something people to defy with on a personal level, what you make of all of these private citizens, elon musk and all these others who want to go to mars it's a life goal of theirs, it seems. will that happen? what you make of all of this? michio: we need a vision. the previous vision was beat the russians. well, we beat the russians and

then we sort of lost that patient. now billionaires have their own visions. elon musk, create a multi- planet species because the dinosaurs did not have a space program and that's why the dinosaurs are not here today. or the richest man in the world, head of amazon mr. bezos, he wants to create the earth as a jewel. the celestial part of the polluting. so he also has a vision. a vision of the earth as a celestial part. it's dangerous in a space program creating a second era of space exploration. i think that one day we will have tourists going to the moon, elon musk is already selling tickets for tourists to go to the moon. i think our grandkids have the option of honeymooning on the moon. connell: honeymooning on the

moon. [laughter] very good. i see what you did there. he'll be here all week. thank you, great to see you again. the great michio kaku on space exploration and a whole lot more. the new dining restrictions going into effect tomorrow out in los angeles. next, live report from l.a. on how long the band could last and what people are saying. keep it here. we'll be right back. ♪

♪ ♪ connell: slowing the spread. los angeles county officials are banning all outdoor dining at breweries and wineries, outdoor bars starting tomorrow night after an alarming surge in covid cases in the area. jeff paul is in los angeles with the very latest. >> reporter: yeah, connell, some of these restaurant owners here in l.a. county have dumped a lot of money into outdoor eating. this particular restaurant, they've built a deck, kind of

built all a barrier to draw patrons in, and they sort of feel hike they're being punished for the restaurants that aren't taking these safety measures into play when they're serving people. the local county health says that this really comes down to a surge in cases, and it also goes back to the fact that some people are dining out with multiple different households and simply not wearing a mask. >> while there's high compliance at the majority of our restaurants, when you're a county of our size, just having a few thousand restaurants that are not in compliance particularly on the instancing requirement can create additional risk for expose your. >> reporter: now, some of these restaurants are not going down without a fight. the california restaurant association filed a court order today to stop the ban on outdoor dining which takes effect tomorrow at 10 p.m. that was dismissed by a judge, and we're learning at least one restaurant group has filed a

lawsuit to stop the action. they write in this lawsuit that the order could actually spread the virus and make it even worse. they say that restaurants will be forced to lay off employees and then those people will probably spend their time alone to go see people because they're not going to be working and further spread the virus. a lot of restaurant owners gary at least on some of that saying there are going to be some layoffs due to this order. >> so it's just been devastating. now we have to close the outside. we're going to have to tell 11 of our employees, go home. and how are they going to pay their bills? >> reporter: now, connell, one of the interesting things is that within l.a. county there is one city that will not be banning outdoor duning, that is the city of -- duning, that is the -- dining, that is the city of pasadena, and the health department is following their own numbers and making decisions for that particular community. connell: wow, that's something else. jeff, thank you. jeff paul out in l.a..

i'm going to move on with these new restrictions forcing the emergence of a growing restaurant trend that could be here to stay with jeff flock picking up on that part of the story in north fork, illinois, today. jeff. >> reporter: they still allow the outdoor duning here but, boy, in chicago, you've got to have the heat on. that's the trend we're talking about right there, curbside pickup. this is about 42 restaurants nationwide, gotta put the mask up here, going inside. but they a month ago did not have curbside pickup. jason siemens, who is the ceo, now it's a big part of your buzz. >> we do. it's a growing part of our business. you've got to be where the customer wants you, where they want you. >> reporter: show me, if you would, your setup. i don't know if you've heard of it, connell, mediterranean food, kind of looks like a chipotle only you think even healthier food, right? >> really, really healthy food, grass-fed steak, antibiotic-free

chicken and really clean uningredients. >> reporter: now not as many people come in, but you're still doing okay, and you're expanding. >> we are expanding. we're changing ourselves. we've become a very, very different version of our previous selves and one we think is much better and more interesting. >> reporter: you said something which is no good crisis should go -- >> never waste a crisis, correct. >> reporter: but in a good way for you, because this is a way to remake something given the new realities of the pandemic. >> it is. and to do something that people are going to be more interested in. med e train january food's not as familiar as some other categories, but ours, we think, is the most delicious. >> reporter: you're going to survive this. >> we are going to thrive. >> reporter: 42 locations, connell. some things i've never tasted before, i was eating, i don't know what you call some of this stuff, but it's tastety, i know that. >> it is tasty. we've got a curried carrot

salad, rainbow slaw, we've got the tradition alto natos and cucumber, of course, hummus, roasted beets which are fantastically popular and a new item for us. >> reporter: okay. our mouths are watering here. no hamburgers, no hot dogs, no pizza, this stuff will keep you alive for god knows how many decades. connell? connell: it's nice to see a guy like you, jeff, willing to expand his horizons. you don't even know what it is, but you're still eating it. >> reporter: usually you say if you can't identify it, don't try it. but i'm willing to be open in my declining years here. [laughter] connell: declining years. they're not declining at all. thank you, jeff. the great jeff flock, north fork, illinois. and isn't that something, when we talk about these businesses as we have so many times on this show and you get somebody like that, are you going to survive. he says, no, i'm going to thrive. making adjustments and making the most of the situation. speaking of making the most of

your is situation, the dow for the first time in history, has closed today above the 30,000 mark. there it is, 30,046, up by more than 450 points. that's the news "after the bell." thanks for watching. i'm connell mcshane in new york, see you tomorrow. ♪ ♪ lou: good evening, everybody. history made on wall street today. a huge rally. the dow jones industrials climbing over the 30,000-point milestone for the first time in history. the dow jones industrials closing at 30,045 points, up 455 points on the day. the s&p up 58, the nasdaq gaining 156. in less than four years, president trump unleashed the market. since his inauguration the dow jones industrials gaining more than 10,000 points, and the market cap