Now President Trump calling out president xi. I will get reaction from florida senator rick scott coming up. All that and so much more on making money. Charles the market, indices are edging lower but off the lows, off the highs. It is really nasdaq reacted most harshly from news. China will impose sweeping National Security laws in hong kong. Now resilience has been the hallmark of this market since we hit the march lows this has been a bifurcated market. The winners are up big while mass of stocks are down. Making money is harder when this happens. I want to see what happens with the big investment dilemma. Were talking about chasing winners right now if you want to ride the wave or positioning yourselves with beaten down names out of favor at the moment. Lets bring in keith fitzgerald, principal finance and Rebecca Walser of walser wealth management. Rebecca, let me start with you. I dont think people realize only 114 stocks are up on the s p 500. The average gain is 13 . If you too
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
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
Businesses like this will be affected by the new shelter in place orders that have been extended. Parks and dog parks also affected here. Well explain. Teacher, parents and School Districts react to a letter from the state superintendent that says campuses may very well be closed through the end of the school year. In downtown san jose, a new mural honoring the men and women on the front line. Abc7 news starts right now. Now your health, your safety, this is abc7 news. A grim prediction from the white house tonight. As many as 240,000 americans could die from the coronavirus. As sobering a number as that is, we should be prepared for it. But this is going to be a painful, very, very painful two weeks. The shelterinplace order for most of the bay area is being extended now until at least may 3rd. Officials remind us lives are at stake. Someones grandfather, someones mother, someones child will survive this pandemic because youve done the right thing. The school year now appears to be ov
Tonight, the president predicting a painful two weeks, saying as many as 245,000 people could die even with social distancing. Now then during financial crisis. Even before this pandemic started, life for amber was precarious. We get food stamps. Now with me looking for work its ten times harder. The single mom from orlando fearing any small thing could put her ever the edge. That takes my bill down to under 200. She like some americans finds herself on the brink, a thin line between making ends meet and financial ruin. With President Trump now extending federal social distancing guidelines until april 30th, the financial hardships will be compounded. An abc shows 50 have experienced a cut in pay. The fear over how to meet financial obligations palpable. How am i going to make rent . Student loans . I have other medical bills im still trying to pay off. Its completely unsettling. You start to ask yourself, am i going to be able to buy food . And all we can do at this point is hope and