A round table discussion with industry executives so thats happening or about to happen at the white house, well bring you any comments that come from the white house this hour. The major averages are up for the second week in a row. You see the numbers the dow up well over 3 almost 4 in what was a holiday shortened week, the month the dow and the s p 500 up more than 4 a piece and look at the nasdac up nearly 7 , 6. 75 all up for the second month in a row so thats how we close out the month of may at least for trading. Lots of talk about today fox Business Team coverage we have blake burman at the white house, Jackie Deangelis at our news room in new york, Edward Lawrence reporting from washington, blake . We start with you on the north lawn. Reporter hi there, connell and melissa. President trump announcing at the white house several measures against china on the one hand, for chinas handling of covid19 , on the other hand, as well, for chinas crackdown on hong kong; however, as the
And there is still a lot of opportunities out there. Chris, i want your thoughts on this monday morning sell off such a weak week last year we see potential buying opportunities in the midst of it. Referee y yes, i think th markets are looking forward to it finding opportunity for the market, you know there is clearly volatility that is increased. The Health Crisis is rearing its head, we spoke to a lot of schedules, and other companies that were invested in, generally managements are nervenerv nervo nervously optimistic so for investors, we find them as great opportunities we dont know if they bought at this point or what does it make more sense than normal to invest in companies. I think is a chance for asset inflation. And when we look at companies that are investing in this futu future, data centers, software and security, military modernization, all great long term sector growth stories that i think investors can get behind and technology is a great place to be because they have m
New security laws needed to deal with what they say is the higher threat but opponents are staging. That the wall signals the end to Hong Kong Special status plus. The british Prime Minister himself walked down travel for minister Boris Johnson refuses to sack him and. Making rules that dont necessarily apply. To our viewers on p. B. S. In the United States and all around the world welcome the German Government is throwing a 9000000000 euro to the airline giant. Has been locked in talks for weeks now with berlin nailing down the terms of the bailout to survive the coronavirus travels slump if all goes through the deal will be the largest german corporate rescue since the crisis began. Lufthansas airplanes sit motionless on the airfield in frankfurt their engines covered in plastic its an image that symbolizes the weeks of standstill the company experienced during the corona crisis with hardly any flights or passengers or revenue but now the German Government will be helping with an eme
With the German Government is throwing a 9000000000 euro. Has been locked in talks for weeks with the German Government nailing down the terms of a bailout in order to survive the travel slump if all goes through the deal will be the largest german corporate rescue since the crisis began. Lufthansas airplanes sit motionless on the airfield in frankfurt their engines covered in plastic its an image that symbolizes the weeks of standstill the company experienced during the corona crisis with hardly any flights or passengers or revenue but now the German Government will be helping with an emergency relief package worth 9000000000 euros after a long fight over the deals fine print an agreement has finally been reached we want to make sure that germany maintains its leading position in the field of Civil Aviation its about helping a company thats rich in tradition get through the difficulties they were confronted with during the corona pandemic and steered towards a more healthy future. Ove
Damage the coronavirus crisis, he says, raises those longterm concerns that he was talking about. The u. S. Response to that point he says has been swift and forceful the fed has acted with unprecedented speed and force. He cites a survey that shows in the month of march, 40 of households making less than 40,000 has lost a job carl lets get to the webcast. Here is the fed chair. Its very hard to imagine we could have anyone better than jay powell thank you for coming back to the Peterson Institute, chairman powell thanks very much, adam. Its great to be back. I have some brief remarks and then ill look forward to our discussion the coronavirus has left a devastating human and economic toll in its wake as it has spread around the globe. This is a Worldwide Public Health crisis and Health Care Workers have been the First Responders showing courage, determination and earning our lasting gratitude. So have the legions of other essential workers who put themselves at risk every day on our b