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
Customers. We went through the alberta utilitys commission to provide a payment flexibility. The bottom line, we have asked and they agreed that they will not cut off service if people do not pay their utility bills over the next 90 days and i believe the Utility Companies will be communicating directly with their customers on that. Well review where were at after 90 days and ill leave it to the municipalities to comment on whether they match some of th exactly whos eligible . Quite frankly, its an estimate, a bit of a shot in the dark and we dont know how many test test test test test. Thanks for the introduction. Good morning. I wanted to say a few quick things. Why i love bicycles. Bicycles represent many things to many people. It is inexpensive, freedom to travel on your own schedule, great way to get exercise outside. Especially today it provides transportation with social distancing allowing people who are not comfortable on Public Transit to good where they need to go and openin
This morning, the Washington Post reviewed the first day of the Republican National convention and looked ahead at day 2. We heard from the post writers. Lets get started with white garrin, ander anne dan it is a tuesday morning. Welcome to both of you. Thank you. Led to be here. Dan, to get your take on what we saw on night 1, was there any one particular thing that stood out to you . I would say there were a couple of things that stood out. This was not quite the optimistic Convention Many organizers had been advertising. There were speakers who tried to do that, but for the most part this was a night if attacks on Vice President biden and kamala harris. What struck me was that last week the democrats went after President Trump on basically character and temperament. Last night i thought the republican attacks were basically focused on ideology and policy of the democrats. The republicans were portrayed last week as subservient to President Trump, that the president is bound by no pa
There. Big stocks in apple and tesla giving back gains. Ibm gained more than 3 yesterday. Also cocacola up more than 4 being looing at u. S. Equity few you are its. Something to Pay Attention to. Dow futures down around 40 points looking at first of september, and all of july and august with spectacular gains. Looking at the treasury yields looks like right now 0. 654 . Those movements with he saw yesterday were interesting in terms of the rotation. As a general matter, those had to pull back they will have to have these pull backs the fact that the market can do okay on a given day is a positive doesnt change the fact that weve traveled at a steep angel here there is a jumpiness a late summer week heavy volumes. You are seeing all sorts crop up there is a Different Energy to the market 20 what has passed in 2017, 2013 not sure the implications but there is Something Different it is 6 01 in the morning here yesterday was called a gama squeeze. We dont want to get too mechanical in the
Ahead . A delayed launch, Rocket Companies sinking after reporting its first results as a Public Company, the ceo will join us in just a few minutes to discuss. And later Tyler Goodspeed as jobless claims come in under consensus and post a new low since the start of the pandemic. A lot to work with today, david and melissa, as we watch that intraday period yesterday where we saw tesla down 10 , for example, worst day for a moment there since early may, david, and then the buyers came in and we will see once again if that happens with some of those names like tesla down about 6 before the bell. Yeah, well, listen, im glad we have melissa with us today for so many reasons but one is because theres nobody who knows more about this company or certainly has talked about it as much as you guys have on fast, melissa, for obvious reasons as it has soared over the last few years and last few months have been truly extraordinary we keep making comparisons to the late 90s which we all know well a