Down more than 1 earlier on. We have a weakening offshore yuan, which is notable, because it had been strengthening. Brands, the best performer, surprisingly in the s p 500. It is closing 23 of victorias secret stores. Automobiles doing well today. Lets get a deeper dive into todays market action. Standing by we have taylor riggs. Taylor mostly risk off tone, bonds catching a bid. Gold is slightly weaker, but yesterday was higher. You also have the south african relative to aning weaker dollar, after the Central Bank Cut its key rate less than most. Also playing is crude, up for six straight sessions. You are seeing some of this go back to fundamentals. Prices had gotten so low, demand is starting to come back. Continuing to trade above 33 a barrel or the second straight session. It is the highest now going back to march 11, before the lockout started. Taking a look at the individual stocks, you mentioned l brands. They will try to split up victorias secret and that embody works. Bath
The s p and nasdaq shaking off earlier losses closing near the highs of the day. There is optimism out there about a economic recovery and also about hopes for a vaccine. So, optimistic day. We will get to the launch. Well spend a lot of the hour on it. First fox Business Team coverage of our top stories. Lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and Kristina Partsinevelos joins us with news on disney. We start, blake, with you. Reporter connell, melissa, speaking of that launch who wouldnt want a front row seat to it. Exactly where President Trump and first lady, the Vice President , section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the Kennedy Space center. President trump taking a tour there. He was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the Intern
In 1964 you were already a member of the nyse and i wonder either in 64 or 68, did that disconnect feel as profound as it feels right now it did. Thank you for remembering. Yes, i was there in swadling clothes, but certainly in 64 to some degree and 68 was a terrible era in which the demonstrations, again, turned partially economic with looting and other things and that resulted in major city riots, some of what were hearing about today, the National Guard coming in, and that then did morph into a bit of an economic setback as the economy struggled. It didnt plunge the stock market, but it set the economy back and major cities like detroit and newark and others actually have not come back from the response they had to the social unrest in 68 and so on let us hope that it is nowhere near that, yes, ive been around long enough to have that memory, and thats why i can tell you for now, it looks a little bit less spontaneous and more structural in that certain Interest Groups seem to be in
Continue to gradually reopen, auto plants are restarting some operations this morning and Homebuilder Confidence increasing as well ahead on todays show, President Trump host iing a rou b table with restaurant executives at t the white house this afternoon well speak with the ceo of restaurant brand, the Parent Company of burger king and pop eyes. Plus, billionaire entrepreneur and Restaurant Owner will join us to discuss whether people will actually come back to restaurants, casinos an sporting events hes got all three of those covered. Hooe also at that white house meeting. Lets focus in on the big stori were watching mike is tracking the big market rally. Meg has the latest on modernas vaccine progress Brian Sullivan watching the comeback for crude well tart off with the broaderr rally, mike, and what stands out to you obviously the market for months has been moving along this spectrum that goes from you know sooner and faster for a recovery to you know later and slower and right no
265000000 people in the developing world may soon experience widespread hunger if things dont change Jessie Wahlberg you know where you came at me with their cysts morning i really didnt know how i was caught off guard i really was i didnt realize that our food was in such danger worldwide and that there were so many people and drew worldwide and then you have the coronavirus to it which complicates matters further are the deuce really came back to me of. Were going to have to talk here about an entire cultural change that this corona virus as well as the food shortage is going to cause us as human beings to have to change our way of living on this planet i think theres no other way around it you know im going to tell you how i feel i i view the earth as a living entity the planet itself and we are on this planet we are nothing more than we feed off the planet were like the wood tech we contribute nothing we just take take take from this entity this living thing called the earth well m