Good morning, it’s Friday, Jan. 8.
The December jobs report was released this morning, with the U.S. LOSING 140,000, which is not what economists had expected--they were looking for a gain of 50,000 jobs.
The unemployment rate held steady at 6.7%.
Futures are up as Wall Street continues its rally, despite the unrest in D.C.
Late Thursday night, President Donald Trump returned to Twitter with a video that came as close to a concession as we’ve seen from the President, who vowed for a peaceful transition to a new administration.
However, Trump did not name incoming President-elect Joe Biden.
U.S. Capitol Police confirmed Thursday that an officer had died. Officer Brian Sicknick died due to injuries sustained at the riots at the Capitol.
A statement released by the Police stated, "Officer Sicknick was responding to the riots on Wednesday, January 6, 2021, at the U.S. Capitol and was injured while physically engaging with protesters. He returned to his division office and collapsed.”
The U.S. Capitol Police Chief Steven Sund has resigned, and so has the Senate Sergeant-at-Arms Michael Stenger.
And, following the news that Secretary of Transportation Elaine Chao is resigning, Education Secretary Betsy DeVos announced her resignation, citing the events at the Capitol.
And, following announcements from multiple Democrats urging Vice President Mike Pence to consider invoking the 25th Amendment--which, per reports, Pence is not interested in doing--Democrats are reportedly looking into impeaching the President ahead of Inauguration day on Jan. 20.
Now, looking at the ongoing pandemic, the U.S. hit another grim record...the second day in a row that the U.S. has surpassed a record high COVID deaths, with over 4,000 being reported yesterday.
The U.S. has 21.5 million cases and 365,000 deaths.
Stick with TheStreet for more on the ongoing pandemic and the latest in Washington D.C. and what this all means for the markets.