The Street
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TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and why giant screen TVs might be a hit this holiday season.

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Transcript
00:00I'm Conway Gittins reporting from the New York Stock Exchange.
00:02Here's what we're watching on the streets today.
00:05Earnings season is giving optimism a boost.
00:07Lyft shares moved higher Thursday
00:09after the ride-hailing app beat quarterly forecasts
00:12and raised its full-year outlook.
00:15On the economic front, jobless claims
00:16rose slightly to 221,000.
00:20In other news, the world's richest
00:22are already benefiting from Donald Trump's re-election.
00:25Thanks to a boom in the stock market Wednesday,
00:28the top 10 richest people grew $64 billion
00:31richer in just one day.
00:34According to the keepers of the Bloomberg Billionaire Index,
00:37that's the biggest single-day surge in wealth
00:39since tracking began in 2012.
00:42Elon Musk was the biggest winner.
00:44The outspoken Trump supporter saw his stock market wealth
00:46surge $26.5 billion to $290 billion.
00:51Most of that came from the double-digit surge
00:54in Tesla's stock price.
00:55Amazon founder Jeff Bezos saw his wealth
00:58climb by $7.1 billion.
01:00In the closing weeks of the election,
01:02Bezos, who owns The Washington Post,
01:04ordered the paper to throw out a planned endorsement of Vice
01:07President Kamala Harris.
01:08Larry Ellison, co-founder of software company Oracle,
01:11grew $5.5 billion richer on Wednesday.
01:15Ellison is on record as a Trump supporter.
01:18Even the billionaires whose political sensibilities
01:21lean away from Trump benefited from the so-called Trump
01:25rally.
01:25Warren Buffett, Bill Gates, and Google co-founders Larry Page
01:29and Sergey Brin all saw their net worth increase.
01:33Crypto billionaires also fared well.
01:36Brian Armstrong, the head of crypto exchange Coinbase,
01:39saw his wealth surge 30% to $11 billion.
01:43One billionaire who was not invited to the party?
01:46Facebook CEO Mark Zuckerberg.
01:48His wealth stayed the same at $202 billion.
01:52That'll do it for your daily briefing from the New York
01:54Stock Exchange.
01:55I'm Conway Gittins with The Street.

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