Selloff, but stocks will open lower this morning. Disappointing housing numbers really not helping, the dows looking for a loss of 370 points. Thats quite a drop right there. S p down 58, nasdaq down 288. A lot of red ink on the lefthand side of the screen. By the way, 860,000 jobless claims this week, thats the lowest number since march the 14th. All right, there is a mask and vaccine fought. President trump saws well have 100,000 next doses. That will be super fast. The cdc says, hold on, youll have to wait until the middle of next year, and joe biden says he doesnt trust trump, he trusts science. College sports, yeah, making a comeback. Ncaa basketball returns in november, big ten football in october. And sally, ouch. That storm has dumped more than a foot of run in some pluses and, get this, a storm named teddy is forming. Could go up the eastern seaboard. Big show, of course. Aoc wants even more implements for the social u. S. Es. Fomo, fear of mussing out missing out, have Retail
And up to 200,000 deaths. The president listening to his medical advisers and he has adjusted policy. The social distancing rules will be extended until april 30th. Therefore, the shutdown of the economy will continue well beyond easter. The president says the recovery will start by june 1st. On the markets, expect continued volatility. We have certainly seen that already today. At one point early this morning, futures showed a loss of a couple hundred points. Now we are looking at a gain at the opening bell of a couple hundred points. That would be almost 1 . A similar gain, better gain, actually, for the nasdaq, up about 1. 25 and the s p also up over 1 . A rally at the opening bell. Investors seem to like the idea of more pain now so we get out of it faster. The other big financial story is the price of oil. This is apart from the virus. This is the price of oil. Look at it. Its down to 20 a barrel. Earlier it hit 19. 20. 48 is the price right now. The saudis have declared war on Am
So you only pay for what you need. Thats whats happening. We should also tell you about its a different kind of Wireless Network hong kong, which is also affecting the trade fight. Designed to save you money. Save up to 400 a year on your wireless bill. Saturday, widespread violence, police used a new weapon, blue plus get 250 back when you buy a new samsung note. Dye, to identify protesters click, call or visit a store today. Along with tear gas from the riot police and burning barricades from the demonstrators. Ominously, chinas state media today says the end is coming. We dont know how beijing will end it but that is ominous indeed. Then theres dorian. Devastating the bahamas, hovering, barely moving and its future track uncertain. That makes it very tough for the authorities trying to get a handle on evacuations. Bottom line, dorian will be a threat for much of this week. We are going to show you how and where its now hitting florida. Varney company is about to begin. Stuart let me
Company survive . Well ask the question. Facebook is the teflon stock. Bad publicity, a 5 billion fine, an antitrust probe, not to worry. As long as it makes a ton of money and it still does, the stock stays strong. Teflon indeed. 207 this morning on facebook. Meanwhile, why dont you check your 401 k . Odds are youre looking at about a 30 gain since the election of donald j. Trump. The s p, nasdaq, they are at alltime record highs and the dow will go up another, what, 60 odd points at the opening bell today. Sit back, everybody. Watch your money grow. Its fun. Varney company is about to begin. Stuart we like to get right at it these days so take another look at that. President trumps Approval Rating on the economy remains near, very very close to an alltime high, 52 . Look whos here. Fox news contributor gary kaltbaum. All right, gary, that is a big number. How do you beat that in the election of 2020 when youre a socialist . If we get to november 3rd and the markets strong and were at
Walk across the border and you get health care. If youre born here, maybe not. My conclusion this friday morning is that the democrats are badly divided and are now led by unelectable socialists. Why dont we get to the market. Its going up again this morning, triple digit gain maybe for the dow, pretty close to it. Modest gain for the s p and the nasdaq as well. The dow, pretty close to alltime highs. The president meets chinas leader tomorrow. Huge stakes for both sides. The market seems to be saying because its going up that there will at least be a smile and a handshake. Well see. Wait until you see the mayor of new york city praise che guevarra. What will apple do without the designer of the iphone . Varney company is about to begin. It will be a very exciting day, im sure, for a lot of people, including the world. It will be an exciting day. A lot of people are talking about it. Its very interesting. Its going to come out hopefully well for both countries and ultimately it will wo