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 broadbased 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 wasnt 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, lets take a pause
Good to see you, melissa, live today from jacksonville, florida. Florida, the final stop on our swing state tour, out speaking to voters here in the Sunshine State the earlier today, all of this as President Trump prepares to formally accept the gop nomination later tonight back in washington. So a lot to do on a busy thursday. Fox Business Team coverage for you. Blake burman and gerri willis to start us off. Blake, you get to go fifth from the north lawn of the white house. Reporter and we have a little bit of news as it relates to no deal at all whatsoever for a phase four relief package because the chief of staff, mark meadows, and the House Speaker, nancy pelosi, spoke this afternoon, and pelosi has just put out a statement saying, essentially, that the talks once again went nowhere. This was the comment from the House Speaker a little while ago. Quote the conversation made clear that the white house continues to disregard the needs of the American People as the Coronavirus Crisis
New jersey, connecticut. That really added to things. It is still going on. Governor andrew cuomo on the screen speaking live right now. At the beginning of this, they cade a joint announcement. People coming into the tristate area from certain highrisk states would be ordered to quarantine for 14 days, when investors heard that, the market went another leg lower. Well cover it from all angles, starting with Jackie Deangelis in the new york newsroom. Like i said, jackie, things were not going great to begin with andth just added to it, right . Reporter exactly right, connell. There are is a twopart story. There was fear in the market about being spike in coronavirus cases across the country in certain states. That added to tension for investors. Were seeing a spike going into the summer. That was not predicted. Theyre thinking about what could happen if there is a second wave. That is the push and pull weve been experiencing in the marketplace. New york, new jersey, connecticut governo
Definitely driving that, the market has been worried all week that we will see these bikes and companies will start closing things again like we seen with apple and it will delay the economic recovery in this country. As you mentioned in texas, phase three on pause closing the bars today, restaurant occupancy going down from 75 to 50 , florida is in phase two and the governor is saying i dont know when we will go to phase three, we have to get phase two working. He said there will be no Alcohol Service in the bars, food only. The Coronavirus Task force briefing is very interesting, they stress hospitalization and the rates going up but hospitalization only 5 of cases whereas it was 15 in the beginning. The market for the week, the nasdaq wiped out the gains because of todays selloff, you can see where we stand there, the nasdaq is down 1. 9 for the week, the dow down more than 3 and s p 500 down 3 as well. Finally lets take a look at shares of facebook, Mark Zuckerberg announced he wil
For you with Jackie Deangelis watching these markets today, Edward Lawrence has some reporting from washington, well get to edward in a moment but on a friday afternoon jackie we start with you. Reporter well, lets take a look at where the markets finish for the day because the dow started a little bit higher there was optimism about reopening but that petered out because you can see that the dow is down 207 points the s p finished for the day by 17 and the nasdac managing to get out a small gain of three points there but also early optimism about some commentary coming from china about its commitment to the phase i trade deal too, but what really took the wind out of the sales was this report coming out of apple saying that its going to close close to a dozen stores because of spikes in coronavirus cases across the country that have raised concerns so when the market sees apple is a little bit worried the market gets a little worried and they said in a statement and ill just give you