1929, the Financial Health of the over and stated stock market plunges into a Great Depression, it grips the world. This land is your land this land is my land from california to the New York Island i want to see my country again holds a prosperity. This land was made for you and me snen send in let me insert my firm belief that the only thing we have to fear is, fear itself. By the time Franklin Roosevelt gives his 1933 speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed. The drought is persisting in key agricultural areas in the country. People must have faith. Coming up in a next hour, stories from the Great Depression as we take you around the country to places like oledo. In 1931, five of the six largest banks in toledo failed at the same time. Which made it the largest ranking failure of the Great Depression. To successful Infrastructure Projects impacting us today. And to one ending in tragedy. We will take you to st. Paul, where depression er
Decades. The economy there slowing by almost 7 . And two dow components moving higher boeing that is restarting some production in Washington State and proctor and gamble reporting strong sales growth. Ill hit that later in the hour. Yes, indeed, hooking forward to that. Markets up 1. 5 59 minutes left of course. Lots of big guests coming up including we will discuss the broad market rally with bank of america and blackrock and chamber of commerce ceo, tom donohue will discuss the call for congress to provide more emergency funding to Small Businesses bob pisani is tracking todays rally. Adam from staten news is with us to talk about the market moving report he cowrote on gileads drug bob, lets kick things off with you. Well, we are up today and have been all day, but were at essentially just off the lows for the day. So the markets kind of running out of steam here. The good news here is is all the beaten up sectors are rallying today on the somewhat hopeful news on coronavirus treatm
Cable partner traveling to toledo, ohio are coming up in the next hour we will speak with local authors about the citys history and learn how it came to be known as the glass capital of the world and in about 15 minutes the story of general mad Anthony Wayne and his role in the western expansion into ohio and later that toledo crash of 1931 we begin our special feature with the citys mayor. I think places like toledo are taken for granted and that this shame because there is such a wonderful history here. Over the years people of toledo have built things, known as the glass city because the first big break that this region got was when the glass pioneers moved from the east coast primarily boston to toledo in 1800s drawn by natural gas and also sand, edwin drummer baby brought his new England Glass Company to toledo and opened a plants on at street north toledo and its on the exact same site today p or that was 1988 and Owens Corning here downtown toledo a fortune 500 company invented
To become argentinas next president so we do know that at this point the central bank the directors of the central bank of argentina are meeting in order to evaluate what measures theyre going to be taking this coming monday wanted to prevent the situation from the table really take even further that will lead to is a long nights ahead in the bonus saris well check back in with you when we have more on those crucial results but and i thank you very much indeed to raise a book. Now the bolivian president evo morales again awards his political rivals are planning protests against Election Results continue the countrys electoral boards named. By winner over the recent president ial vote and the opposition accuses the president s of frauds to vote counts were halted here sect of state might pale as box calls for a review or 2nd round election time home and has more now from the pens. This is the very meaning of a could build or thats a Civil Society meeting in bolivia that is sanctioned as
The road . Well tell you about the most dangerous songs to listen to while youre driving o driving. It is monday, september 23rd. Fbn a. M. Starts right now. Monday morning. Monday morning. Monday morning. Lauren it is monday morning. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, everybody. I am cheryl casone. Lauren how was your weekend . Cheryl great. Lauren markets not looking so great this monday, still within striking distance of record highs but the dow futures are down 72. Cheryl the yield on the 10 year, this is about your mortgage, your credit cards. We continue to watch whats going on with interest rates. Were seeing a bump up in bond prices, the lower yield 3 basis points to the downside. Lauren were getting reports it might take months, not weeks to get saudi oil back online after attacks. Thats pushing up the price of oil this morning. Cheryl weve been seeing gas prices rising. Also this, asian markets, after a chinese delegation reportedly canceled a visi