From home and implementing new restrictions he is speaking to the uk as we speak. And big tech stocks gaining back some ground after a rough month. Amazon climbing up analysts say the selloff created an attractive entry point. Sara, we have 59 minutes another volatile session amazon is nicely higher. The Broader Markets are slightly higher yeah, taking all of Consumer Discretionary it with. Retail winners today as well coming up on todays show, despite the upturn, the nasdaq is the underperformer in the month of september so far. Were going to ask tiech investr dan niles where he is putting his money to work. Even the ceo of levi will join us with a look at how consumers have spending money. And speaking of retail, were counting down to nike earnings to day after the close, nike by the way, best performer in the dow right now. Well get results from stitch fix, kb home and teslas Shareholder Meeting and battery day. It is shaping up to be a busy afternoon of news. 58 minutes left of tra
A row of losses for both the s p and the nasdaq. That is the longest losing streak weve seen there in seven months. So with all of that, a a lot to get through. A lot of angles. Fox Business Team coverage. Blake burman is at the white house. The president will be moving shortly we think. Gerri willis following the Market Action for us. Gerri, lets start with you. Reporter yeah, lets start right here. Yeah, big selloff today. Many, many, worries, stimulus, virus, political uncertainty. Money laundering among the banks a lot going on. Let me make you feel good about the selloff, originally the dow was down 942 points. Obviously correcting in the last few minutes in the afternoon, doing better indeed. That is good news. The s p flirted with correction territory. Didnt get there. So that is good news, finishing much better than expected. The nasdaq real turn around for the index down 14 point as after being down as much as 273 points. So it has been a major turn around for this market a hu
Claims President Trump sexually assaulted her. Backtoschool frustration. The glitches, delays and cyberattacks plaguing Remote Learning on the first day of class. Where the jobs are. As millions of americans try to find work, new details on the good paying jobs available. No College Degree necessary. And sleeping for success. What your favorite sleep position says about you and your position says about you and your potential for success. Good wednesday morning, everyone. We begin with breaking news. The historic wildfire spreading on the west coast overnight. Oregons governor has now declared a state of emergency. Evacuations have been ordered in medford as fire threatens the city. Elsewhere in oregon new video shows flames engulfing several buildings in mill city. Hundreds of fires are burning in the pacific northwest. In california, fierce winds overnight have been fanning dozens of wildfires. Crews in one area have been forced to take shelter. One fire is burning an area the size of
Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t
What should be done with the stone or from africa. This is being hotly debated on both continents the stolen soul starts september 7th on g. W. In. The u. S. And china want to talk trade again high level talks aimed at strengthening the core ordination of economic policies later today and we get the latest from our financial correspondent in frankfurt also coming up india is in the grip of the coronavirus pandemic the Health Crisis also lays bare the countrys economic inequalities call life to delhi. And if you want to escape todays harsh realities and feel like youre living in the past well theres a free market just for you. Welcome to your business i want to jones and berlin good to have you with us the u. S. And china have resumed trade talks a day after president suggested breaking off economic relations with the chinese following a phone call between the white house and washington or beijing both sides said they were seeing progress despite the tensions the u. S. And china say the