Markets are crumbling. We do have crude down 2. 70, down about 6. 7 . We have the new demand worries triggered by china tensions and the lingering pandemic, put in with all the markets. Here we go with followthrough. The dow right now down 566. We have the s p lower by 83. The nasdaq down 396. Our floor show traders, including jpmorgans david kelly, are getting in front of the cameras. They will have instant reaction. From northwestern to northeastern to west virginia, colleges are grappling with Coronavirus Closures and suspensions. The ceo of the nations leading directtostudent Digital Learning platform thinks higher ed, ready for this, is in a bubble and maybe the pandemic is about to pop it. Hes here in a fox business exclusive. Plus Jillian Michaels, one of the biggest names in fitness, is rolling out a new workout from home app as gyms struggle to reopen after the pandemic. Shes here to whip us into shape. We will get you the latest numbers from peloton. Gms stock electrified as
Everybody. Well see how the nasdaq settles. It is just about at that level right now. Look at big tech titans, microsoft, amazon, alphabet, facebook, apple, all those individual stocks down significantly today. Apple down nearly 7 . Apples market cap falling below the two trillion dollar milestone as well. On top of that, it is the worst day for oil in three months, sliding to the lowest level since june. Well cover all angles of this. Fox Business Team coverage, blake burman at the white house, gerri willis and Edward Lawrence standing by with their reporting. We begin market panel, carol roth and gary kaltbaum, kaltbaum Capital Management a fox news contributor. Let me start, gary, with the big rotation out of the big cap momentum stocks, particularly technology, the last three sessions i guess and it continued in a big way today. So where do you see all of this going . Well, look, the only thing more overdue than a correction in technology is if my knicks win the. [banba championshi
In addition to the markets with fox Business Team coverage and our reporter stated by blake burman on the white house northline and Lauren Simonetti and Edward Lawrence from washington, we begin with you, this is been a choppy session. Her reaction was key and i think its going to continue at least through the election as volatility, we had another session of pretty severe swings, over 300 points from high to low, not only on theyre down but also on the nasdaq. And the rally that we had at the open its baited the close once again because tech reverse gains once again so wayne on theyre down, salesforce and apple and the other mega caps stock that has such outsize market caps, they were done today and this week, look at this apple down 7. 5 on the week and netflix down 7 . Their losses were pretty severe and as for the major averages overall selling offer week number two, the nasdaq worst week since march right before the pandemic down 4 , the dow and s p 500 finish today in the green b
Things look very different than in years past. It is a Virtual Convention. Speaks come in from across the country. Former first Lady Michelle obama, senator Bernie Sanders will speak there is a republican on the list, speaking at the Democratic Convention former Ohio Governor john kasich. President trump in person will make his way to wisconsin. He will be in oshkosh trying to rally supporters ahead of the Republican National convention which begins virtually next week. The real reason we are here to speak to the voters, trying to get a pulse of the people if you will. You will hear from some of those voters in just a few moments. First our top stories with fox Business Team coverage. Blake burman is at the white house. We start with Lauren Simonetti on the markets. Lauren. Lauren connell, good to see you. The markets are closing the session out mixed. We have a new record close for the nasdaq. Apple shares, where do they end the day . They are within striking that two trillion dollar
Police sergeant in new york city last week. You can see the suspects punching and kicking the retoured cop with another suspect appearing to steal the victims cell phone. Also former Trump Impeachment Defense Team member robert ray on exfbi lawyer Kevin Klein Smith pleading guilty in the first criminal case from the durham probe into the origins of the trumprussia investigation. And a power panel with the hills joe concha and American Conservative Union matt schlapp on the Mainstream Media touting joe bidens speech last night as hopeful while create you can es say the bar critics say the is low for biden. Also tonight an angel family mourning a son killed nine years ago by an illegal alien as the dnc promotes ilLegal Immigration. We have representative doug collins on that. And the congressman called for the cbp to his home tate of georgia. Im Jackie Deangelis in for elizabeth macdonald. The evening edit starts right now. Jackie first, to the latest in washington expect postmaster gene