Blake burman is watching latest coming out of the white house. In fact were expecting remarks in a few moments from the president in the rose garden. Before we get to that, it is Lauren Simonetti on the market rally. Lauren . Lauren a lot to get through. You dont want to complain. You have a 500point rally the day after a Holiday Weekend but what took the market off bigger levels, the dow hit 25,000 for the First Time Since the lockdown began in early march. The s p had topped 3,000. Those levels did not hold on a Bloomberg News report that u. S. Officials were considering sanctions on Chinese Companies and chinese officials for their handling of the hong kong situation. So still a broadbased rally but we came off those levels as you can see. The nasdaq had been at its highest level since february 21st. There were hopes as the economy does reopen, as we noticed, this weekend, memorial day weekend there is hopes on the medical front too. 10 vaccines are currently in human trials. Novava
With Top Republicans in the roosevelt room, his feud with freshmen congresswoman is intensifying. Well bring you any headlines as they happen at this hour. Big tech under fire on capitol hill. Lawmakers taking shots at executives at facebook, amazon, amid fears the Silicon Valley giants have too much power. Democrats on the campaign trail in iowa. The 2020 hopefuls making their pitch to voters on health care and drug prices. Joe biden is even bringing back a familiar promise something that former president obamas lie of the year. Why would you do that . Ashley i dont know. Well get no that. Doesnt seem to make sense. We have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange, phil flynn as always watching oil at the cme. Edward lawrence, Hillary Vaughn covering numerous tech hearings on capitol hill. Lets begin with gerri willis, all the days goings on on wall street. We thought we could finish on another record high. Didnt quite make it. Didnt happen.
Dramatic new video shows forces boarding a british oil tanker. Latest on heightened tensions between iran and the west. One million in the streets demanding resignation of puerto ricos governor. That is about 1 3 of the islands population. Well take you there live. First it was the Dominican Republic. There are new concerns over another popular vacation spot. At least 19 people are dead. Well tell you where and what you need to know. Connell fox Business Team coverage today. All the top stories with blake burman at the white house. Kristina partsinevelos on the floor of the New York Stock Exchange and phil flynn watching oil and iran out at the cme. Blake as usual, a lot going on at the white house. Well start with you. Reporter well start with a pretty remarkable headline came to us from the Washington Post which is that huawei helped north korea buildout its Wireless Network at one point in time. The post even cited internal documents in that report today which said back in 2018 a Ch
White house. Gerri willis on floor of New York Stock Exchange and phil flynn watching action in oil at the cme. Lets start with blake. What do you know . Reporter the big story of course iran. We heard from President Trump earlier today. He said it was at the point which u. S. Planes were almost sent to the skies which he made the final decision that he would end the mission to potentially target three different areas inside of iran. President when he spoke with chuck todds of nbcs meet the press, one of the reasons he made the decision, he wanted to know the casualty down. This is how the president described it once he got those figures. Watch. They said, came back, said, sir, approximately 150. And i thought about it for a second, i said, you know what . They shot down an unmanned drone, plane, whatever you want to call it, here we are sitting with 150 dead people that would have taken place probably within a half an hour after i said go ahead. Yeah. And i didnt like it. I didnt thin
We have our eyes trained on the white house. Well bring you in i statements coming from this critical meeting happening now. As soon as senators step up to the mic. What this means for repeal and replacement of obamacare, other ramifications of this delay, including how it affects your money. Absolutely. Markets moving big on the news. Dow logging triple digit swing today. Nicole petallides on floor of new york stock exchange. Markets reacting strongly on delay of Senate Health care vote. What are traders telling you, who is getting hit the hardest . Technology group, melissa and dave, got hit hardest. On june 9th, beginning of tech wreck, two day selloff. This is biggest selloff since that, not quite as much but seeing that selloff. You saw the s p 500 snap back the twoday streak. Technology, utilities, telecom were the weakest. Traders watching the selloff. Here are biggest tech tanks were calling them. Netflix is down 4 . Nvidia and t. J. Technology, down over Seagate Technology dow