Joe Biden, U. S Commerce Department, Rhonda Santa discussed on AP 24 Hour News


Because I'm too Maguire President elect Joe Biden as a former opponent to his list of Cabinet nominees. MP Soccer McGann reports, Biden Ass elected a diverse group. So far, Biden had already tabbed the first black defense secretary and the first Latina health and human services chief, now the first ever openly gay nominee to leave the Cabinet Department choosing 38 year old Pete Buddha judge as transportation secretary, adding youth to an incoming administration dominated by Veteran Washington hands a new voice. But new ideas determined to move past old politics. If confirmed, booted genes would be tasked with carrying out Biden's proposals to spend billions on major infrastructure improvements. SOCCER MAHOGANY Washington Federal Reserve Board Chairman Jerome Powell says a key interest rate will remain near zero is the economy continues to struggle during the pandemic. We will continue to increase our holdings of Treasury securities by at least 80 billion per month. And the agency mortgage backed securities by at least 40 billion per month until substantial further progress has been made toward our maximum employment and price stability goals. Fed officials painted a brighter picture the economy for next year compared with its last projections in September. Retail sales tumbled last month. Jennifer King has this black Friday was a bust. The U. S Commerce Department reports that retail sales fell 1.1% in November. That's the biggest drop in seven months, much steeper than Wall Street analysts. Expected. The department also revised October's report, finding that retail sales fell 0.1% instead of rising 0.3% as previously reported. That's a weak start to the all important holiday shopping season, which usually accounts for a quarter or more of retails annual sales. Economists expect retail sales to fall again this month is virus cases, Spike and states Add more restrictions. Jennifer King Washington Despite the sluggish sales numbers, the Dow closed today up 20 points. This is AP News Finds her Corona virus vaccine makes it to nursing home residents in Florida nursing home patients in Florida are being vaccinated. Governor Rhonda Santa's wants this done as quickly as possible as you have this protection. You can have people return to more sense of normalcy. First to get the shot at John Knox Village near Fort Lauderdale 88 year old Vera leap. Was she excited on? How does she feel about it? Come here. I don't know.

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