Deutsche bank, jpmorgan chase, Standard Charter among the banking giants talking a brutal hit as an Investigative Reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. This is great kingpins. This as the death of Justice Ginsburg throws a wrench into the 2020 race. Could it interrupt passage of new stimulus money that desperate americans and Small Businesses are waiting for . Mark the numbers, Dow Jones Industrials at its low was down 942 points, right now were down 743. The s p at this moment down 70. The nasdaq sinking deeper into correction territory, down 131 points. All right. The s p, by the way, or got close but no cigar to correction territory. I know my bull watchers out there are pretty happy about that. Weve got team fox business coverage to tackle it all. Dick boy say on bovey, phil flynn on the surprise sectors popping and blake burman at the white house on the stimulus prospects and the search for Ruth Bader Ginsburgs replac
A row of losses for both the s p and the nasdaq. That is the longest losing streak weve seen there in seven months. So with all of that, a a lot to get through. A lot of angles. Fox Business Team coverage. Blake burman is at the white house. The president will be moving shortly we think. Gerri willis following the Market Action for us. Gerri, lets start with you. Reporter yeah, lets start right here. Yeah, big selloff today. Many, many, worries, stimulus, virus, political uncertainty. Money laundering among the banks a lot going on. Let me make you feel good about the selloff, originally the dow was down 942 points. Obviously correcting in the last few minutes in the afternoon, doing better indeed. That is good news. The s p flirted with correction territory. Didnt get there. So that is good news, finishing much better than expected. The nasdaq real turn around for the index down 14 point as after being down as much as 273 points. So it has been a major turn around for this market a hu
We are monitoring his comments right now for any news that breaks. We are on this event for you. Meanwhile, got to look at the markets. Kicking off the first trading day of september with new records for the s p 500 and the nasdaq, and the dow is back in positive territory for the year. We shall see if these numbers hold through the rest of the hour. You know, septembers traditionally the worst month of the year for the stock market. But we are going to ask our floor show traders if they expect september 2020 to follow the usual pattern, because nothing about 2020 has been usual, to be clear. And we will get a view from the farm as harvest season is fast approaching. We will talk to one soybean and corn farmer about how he sees the phase one trade deal playing out in the middle of the coronavirus pandemic. Plus, the state of spacs. A giant in the Media Industry is turning to the world of 3d printing to tell us why he is now taking desktop metal public. Less than an hour to the closing
Us and Edward Lawrence in d. C. Grady, we heard from the president at the roundtable. Youre on the move from the outside. What is the latest from kenosha . Reporter a lot of supporters for the president were here this afternoon and got a glimpse of him as his motorcade went by. They largely thinned out, is a handful of protesters here in the park as well as at the courthouse. This is the backdrop to the president s visit today. He toured the damage, met with local Business Owners, several of whom lost everything in the rioting of last week. He also had that roundtable with Law Enforcement officials. He thanked them for their help. He offered help to other cities like portland and announced one Million Dollars to the Kenosha Police department and 42 million to Law Enforcement agencies across wisconsin. He praised them for their work here, getting a handle on the situation in kenosha. Listen. President trump these gentlemen did a fantastic job working with the federal government. It was
Investments and this additional investment in poland that the American Companies are making right now results from a very efficient policy that we are conducting together and which increases the sense of safety of our citizens in poland and also increases that sense of safety investments in our country. Thank you so much for that because that means the creation of new jobs in the state of the art branch of industry with i. T. Technologies. Were really pleased because in poland we have a large number of excellent young i. T. Experts and young i. T. Engineers and for sure were able to come to terms with these very serious challenges as far as intellectual capital is concerned im sure these investments will be beneficial for the United States, for u. S. Companies and also for poland through creating jobs, requiring new experiences by young people in the first place, by young engineers. Also glad, mr. President , because as we said before, the agreements that we entered into concerning inc