Liz let me be clear, hes right, the fed moves the markets. Stocks thank you, charles are stinking, are sinking think kind of are stinking [laughter] as big tech selling of apple, amazon, facebook offsets j js vaccine, theyre not able to lift up this market. The dow looking at its fourth losing day in five. We are down 465 points, low of the session down 475 or so, so were just about there. S p is losing 66, the nasdaq hitting a new correction low, down 291 points. The nations top pandemic fighters from the fda to the cdc and more testifying on capitol hill just one day after american depths from the coronavirus deaths from the coronavirus trooped 200,000 topped 200,000. Well take you to d. C. For all the drama. Meanwhile, one tech company that helps americans get cheaper Prescription Drugs making its debut on wall street just hours ago. The coceo of good rx is here for his instant to his stocks day one pop and what he can promise, he says, without any help from washington d. C. And a p
Reporter good afternoon to you, melissa. Lets look at the market as theyre settling out. The dow looks like it is finishing down by 524 points. You mentioned the s p 500, that is important too, down 8 1 2 from the record high on september 2nd. 3580. You see the s p closed to 3236. You mention what dragged us down, it was selloff in tech late in the day. Well get to that in a moment. There was optimism early on in the session with respect to coronavirus vaccines, Johnson Johnson entering the latestage three trial that was a little bit positive for investors to get their heads around but again look at these dow losers here. Sales force. Chevron. Apple was one of the big ones, amex and boeing. On nasdaq, losers, fedex, amazon, netflix, align and liberty global. It was a rough day when it came to some of these stocks. It was sort of stock specific and then dragging all the indices down together. Remember this has been choppy for the last couple weeks right now as were heading in and gettin
Two side by side comparing their policies and personalities. We have a live preview. Plus we hear from the Trump Campaign. All that and so much more on making money. Charles all right, so after a couple of strong sessions the market settling back, lets call it a more anxious posture if you will. Despite the bounce, most key technical hurdles they were not cleared on the upside. Then unknowns from exogenous forces. Theyre all still in place. The stimulus questions out there, politics, of course and the coronavirus. Now beyond those issues there are traditional inputs into the market, things that normally move it like earnings and valuations. How to balance the two in an environment that has most stocks substantially lower for the year . Will we see this really change . How does this needle move and how do you make money . Here to help with these answers bny mellon chief strategist alicia levine. We have Payne Capital group, which im not affiliated. Ryan payne. Alicia, just how critical
There, senator mike lee, senator ron johnson, thom tillis, i believe Chris Christie was at this event. Reverend john jenkins, notre dame president , have tested positive for the virus here. This has gotten to be the source of confusion here. If so many have tested positive there, who is running things in the white house . Now all of this, of course occurs as people are waiting with bated breath to see if the president will indeed make it back to the white house today. There is growing hope from some of his doctors at least that is a distinct possibility. You have to remember with the ongoing concern how far this virus has spread, whether it would be a good idea for the Vice President himself, who was by the way at that event and with others Kayleigh Mcenany, hope hicks since, whether it would be a good idea for the vicepresident ial debate to happen . No one posited that that would be called to question, cancel that, outside of your screen in walter reed hospital. Were expecting a anno
Only hear from the voters, we also have Ohio Republican senator rob portman coming up. This is a big show, stay with us throughout the entire hour. We start the with fox Business Team coverage. Blake burman at the white house. Well get to black in a moment. We begin this afternoon with Lauren Simonetti on the markets. Lauren. Lauren today, guys, wall street took a little bit of a breather with the first down day in four days. Three main concerns here, mainly stimulus, the whole question mark when well get more of it. But also a rise in coronavirus cases in new york which was once the epicenter of the virus, raising fears of another lockdown. Yes, two lesser extent, investors waiting to see whats going to happen. Who will emerge the winner if there is it one after the president ial showdown tonight. This is how we finished the session. You can see the dow, the s p 500 down half of 1 each. The nasdaq down a quarter of 1 . This is the second to last day of the terrible month of september.