Lauren. Lauren very choppy. The dow was set up to be up five days in a row, 357 at the high. Closing in the red, s p is lower. It is on track for the best month since 1987. Nasdaq is the big loser. Technology down. Health care weighed overall. A lot of dow components reported today, four to be specific this morning. Only one of those,fieder actually reaffirmed, rare to do this, reaffirmed fullyear guidance but take a look at its shares down over 1 . Pfizer spending money on a coronavirus vaccine. It says one could be ready for testing next week for use by the fall. Also technology, investors are waiting Quarterly Results from the Big Tech Companies starting with alphabet. Any moment now they want to know how immune is big tech to coronavirus and how has ad budgets been slashed . Take a look here. Were seeing so many of the stocks been hit hard with the virus come back. Consumer confidence and a Regional Manufacturing report, completely nosedived this month. Still investors overall opti
Clawed back, closed up 26. S p 500 up 12. Nasdaq gaining one. 25 on the day or 105 points. Lets go back to the dow. Industrials, boeing, raytheon. Some worst performers and the ramped up trade tensions with china. The white house blames beijing on the coronavirus. Legendary investor Warren Buffett dumping his entire stake. Barclays downgrading american and delta on debt concerns. Look, Raymond James came out and thinks demand may have bottomed. Is this a bottom for the Airline Stocks today . Big tech also saw a comeback after the losses last week. Apple is updating math book pro. How about m a . Merger monday. Intel buying Transportation Technology company move it, all green on this board today. Energy was also a winning sector. Oil back with a 20dollar handle. It is up four days in a row right now. Exxon, valero, others rallying bigtime today. Production cuts, opec plus, plus some other cuts here in the u. S. With those shelled off wells taking 13 to 15 million perils per day off the
Than 1 . Connell, im not convinced about the report of california staying closed for another three months. We saw a big leg down on that, near session lows. Plus at the white house this hour, President Trump is preparing to sit down with republican senators just moments after nancy pelosi and House Democrats unveiled a new aid package worth 3 trillion, because money grows on trees. Fox Business Team coverage. Break burman with the latest from the white house. Lauren simonetti watching the markets and Edward Lawrence is in washington. Lets kick it off with blake. Reporter melissa talking about moves in the washington. President trump set to meet with republican senators. That meeting comes after House Democrats today unveiled their next step proposal, their phase four relief proposal. Nancy pelosi unvalling the heroes act as she calls it. An 1800 page bill. Through it all, roughly 3 trillion it proposed in relief. Let me tick through some of the items. Calls for 500 billion to states, 7
Day from the field to the fork, to the grocers, to the meat processers, and thanks to the president s decision to use the defense production act we now have uniformity. The objective is work every day to keep those Meat Processing plants and ones coming down going back online. While were trying to keep workers safe an healthy. Weve done that. So with the testing, with the ppe, with the restructuring in the facilities theyre also doing a lot of that as well to social distance where they can, put in shields, look at lines to separate the shift. Partnership, really. Kim, we had great talk with owners of the plants, the top people, big people, big companies, actually. You wouldnt believe how many plants they have. I believe it was a very strong talk and i think they got the message. So within a week 1 2 we should be in great shape, maybe sooner. Another piece of it is, as the price for price of boxed beef is really skyrocketing. There is a huge price differential disparity. Farmers are hur
Countrys seniors. We will bring you all those breaking headlines as soon as we have them. But well kick it off with fox Business Team coverage. Blake burman with the latest from the white house and Lauren Simonetti is watching the markets. Lets start with lauren. Hey, melissa you started talking about the disconnect between the Economic Data coming in and where market is headed. There was a selloff, the dow, s p 500 and nasdaq lower. But if you look at the month of april, the dow and the s p are looking at their best month since 1987. If you take a look at the nasdaq, its best month since 2001. It is only down for the year by 1. 1 . Why . Big tech coming in a big way this year. Lets take a look at these companies. Theyre 38 of the nasdaq. Facebook was the best performer in the nasdaq. Ad sales are stablizing. Amazon closing at a record high. These companies, amazon, apple, reporting momentarily. Health care was another bright spot today. Gilead is very close to getting fda approval for