Strong reports from Microsoft and Google parent Alphabet on Thursday helped propel the S&P 500 to its biggest weekly gain since early November following its first 5% pullback of the year. The S&P 500 is up about 7% in 2024 and some 24% since late October.
sandra: a quick look at the big board as trading opens for a brand-new week. a couple minutes in the dow is selling off more than 300 points there. some earnings disappointments out of the gate this morning leading to the sell-off you re seeing there. caterpillar one of the big names dragging on the dow right now. missed earnings expectations and guidance for 2019 was weaker than expected. that along with some other big names like boeing are leading to that. so 300 points down. bill: the china deal is a big deal still. trade talks continue and having an impact, too. sandra: big deadline coming up march 1. we ll see if anything gets done. there is growing optimism there will be. you saw markets stabilize the past couple weeks. we ll see. bill: that s all i got. sandra: okay. more on that coming up. bill: fox news alert now. the shutdown clock has been reset officially. president trump giving congress a february 15th deadline to
for many, many months. it went on for 144 days with hostages so investors are very nervous about this. this is concerning because we saw the fall of the tunisian government a few weeks ago and now the egyptian government is in crisis and you hear the muslim brotherhood leader talking about there are other countries to follow here. other countrys in the mideast to follow here. this does unnerve investors and you say that long-term struggle possibilities are definitely very much there. exactly. if you look, the dow fell 166 points but in the first half-hour of trading on friday, it was actually up. there were some other information that came out this past week. there was. there s some earnings issues, there s some earnings disappointments, you have, for instance, amazon, microsoft, they had disappointments. ford had disappointments but you had the g.d.p. that came in at 3.2, a disappointment but still, the sixth straight month sixth straight quarter in a row that we ve had posi
economy? vera gibbons is with us. good morning, vera. good morning, norah. tough day to end the week yesterday on the dow dropping over 260 points. we had earnings disappointments, financials taking a big hit, b of a, citigroup. but it s largely about consumer sentiment. it s at a nearly it s the lowest level in a year. people are feeling down and out. you have 15 million americans out of work, many of whom who have been out of work for six months or longer. they re feeling bad about things. they re feeling very tentative about the recovery, unable to get work. feeling tentative about the economic policies. so sentiment is down. and there is growing talk, of course, about that double-dip recession. yeah. retail sales you mentioned dropped for the second straight month in june. where s this recovery we ve been talking about? yeah, right. everyone would like to know where is this recovery? it s very weak, muddled. retail sales did take a hit yet again for the second consecuti