Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so g
Edward lawrence will have airline news in a minute. But, lauren, we start with you. Lauren all right. Well the good news today, guys the rally we saw all day held into the close. Look at that, the dow up 1 1 2 . The nasdaq up 2. 1 . I will give you three Major Regions for the rally today, you touched on some of them. All 50 states eased their lockdown restrictions. The fed. We got the minutes. They are discussing ways to provide even more support to the economy. And tech, once again in the drivers seat. Take a look at amazon and facebook shares. They did hit record highs. Did they close at record highs . Facebook, yes that is a record high. Amazon, oh so close. Facebook though, they announced a new on line marketplace that can compete with amazon and others. That is why you see a 13dollar gain for the stock. Dow positive for the month of may. Nasdaq and s p 500, leadership was broad. Again it was in energy, financials and materials. Much of the power behind the rally that we saw on mon
The s p 500 down deep in the red down 5 . Fox Business Team coverage. Blake burman is at the white house where the president is currently meeting with nurses on the pandemic. Kristina partsinevelos on the floor of the New York Stock Exchange. And chad pergram is on capitol hill. Were going to start with blake. Reporter hi, there, we had known for about a day now that the Trump Administration had been potentially eyeballing a trillion dollar stimulus package, bailout package, whatever you want to call it. Now we know what they are thinking of, how that trillion dollars might be divvied out. According to a Treasury Department document 50 billion would go towards the airlines. 150 billion would be in loans to critical sectors of the economy or what is deemed as critical sectors of the economy. On top of that, there would be 300 billion in Small Business loan guarantees, and, there would be 500 billion in direct payments to americans. Half on april 6th. Half six weeks after that, on may 18
With President Trump. The president meeting with his turkish counterpart amid rising tensions in syria. We will bring you President Trumps comment as soon as they begin. On capitol hill, the first public impeachment hearing more than 20 years is just wrapping up. What the witnesses told lawmakers, their reaction from both sides of the aisle. Attention costco shoppers, the details on the viral coupon that is too good to be true. Connell ah. Melissa i want to know about that. Connell always say. Fox Business Team coverage on the busy day. Blake burman live at the east room of the white house still waiting for the News Conference to begin. Gerri willis on floor of new york stock exchange. Edward lawrence from capitol hill. Kristina partsinevelos in new york and jeff flock in chicago. Try to get to everybody. Kristina, the huge day i referenced about disney. Hit it on the head. Did is any had over disney had over 10 million subscribers over the streaming platform they launched yesterday. T
President trump standing up for his son, and slamming critics in the Mainstream Media what he is calling a witchhunt. Am so tired of that term. White House Press Briefing just wrapping up. Well take you there live for update. Major media wheeling and dealing in sun valley, idaho. Charlie gasparino is there with the scoop, if he hasnt already been kicked out. It happened in the past. Among our other guests this hour, alabama senator, Luther Strange, the head of House Freedom caucus, mark meadows, the host of mediabuzz, howard kurtz. Connell hop gasparino makes it to his hit. Hope. 120 point gain are he or about theres. Were at record territory, Nicole Petallides on the floor of the new york stock exchange. Pretty good. Connell, all green on the screen. 29 of 30 dow components green. Only jpmorgan was red. Look at closing numbers up 123 points. At this level of it 21,000 532. The movers, vix, the fear index jumped around as we get difficult headlines, particularly from washington. Weve s