Points or 1. 5 . So as wall street presses the sell button, a dramatic move. The struggling Hotel Industry shouting in a letter to the president to bypass pelosi and Senate Leader mitch mcconnell. One of the signers, the ceo of best western hotels, live with us on the roadmap they are hoping the president looks at and maybe follows for them. But as the markets reflect the angst over the rescue package status, you can see this with the dow intraday picture, the latest company to nab a ticket to the 2020 spacpalooza is flying high. The banking giant who now on her fourth spac will tell you why she picked the Digital Payments company to take public. Its first day of trade is today, right now. Wait until you see what its doing. But lets get to this fox business alert and breaking news. To prescott, arizona where President Trump is expected to appear at the first of two rallies today in the grand canyon state but with just 15 days to go before the election, it was his comments on the tarmac
Dow plunging 525 points. S p plummeting 2. 37 nasdaq nosediving 3. 02 . I got to tell you, i think this decline is healthy this market needed a beatdown if only a learning experience for people who thought it was too easy when the market is roaring, a lot of investors seem to forget the most fundamental rule, buy low, sell high they want to buy high and sell higher the problem with that strategy is when stocks go down, they go down hard. You tend to lose money faster than you make it rather than being panicked by the sell off you in a very proverse way should be cheering for it we needed this why . Because we needed to break the nasty pattern of 1999 to 2000 so many people refer to during the run the leaders never took a breather. They kept charging higher and higher until the market peaked when they collapsed. Millions of investors led to the slaughter house. I began to wonder we might be doomed to repeat the mistakes of the. Com era. The markets led by a hand full of Tech Companies b
Many different walks of life. Some are. Awfully. Hard all of them come straight from the heart just want to see you but when theres no more you delusional. Injured. From. The loss to their final resting place the russians g. W. Documentary. Comics trumps positive coronavirus tests and investors running to safety u. S. Futures take a dive within moments of the u. S. President s tweet meanwhile stock markets around the world also registered a shock we go to new york for the latest also coming up ken yes sir if i recall him sets its sights beyond. Kenya as it hopes its payment platform will spur growth across east africa and as germany marks 30 years since really think patient we take a look at how an east german lens to make air has prevailed just by the ongoing economic divisions between east and west. Welcome to do business i want to go johnson berlin good to have you with us the pandemic has caught up with the leader of the free world donald trump and his wife melania have both tested
A situation into his own hands. And im to see one day its good to have your company off to 6 months chef schools all slowly opening up again in some way but not without controversy eating teaching unions have called on their members to strike theyre angry that the government is refusing to raise salaries the standoff has left students worries about the impact on the exam results ill be talking to an official in the Education Ministry after this report. A fresh start after 6 months School Closure at the Queen Elizabeth school for girls in harare Morning Assembly takes place like normal these times are anything but there is disinfectant on arrival and students have their temperatures taken before they can open a book the classrooms are missing one thing the teachers theyve gone on strike over wages and hygiene concerns teachers it was. Getting in terms of fossil search its its actually an insult to be a teacher its a guest with us in pursuing a government is one has to address the proble
Todays action dow gaining 140 and nasdaq surging 1. 71 the market reflected everything going right, but totally obscured everything going wrong. Its a tale of two cities. It was the best at times and worst at times but on up days, we focus d on the best and ignoe the rest what do i mean lets start by going over the winners today to see what they are trying to say. You have to define them. They speak to you. The stars of reteail tell the story. The most important winner is amazon this morning, analysts who missed nearly the whole rally here took the recent pull back as an opportunity to upgrade it was very significant. I liked everything in the support from approval to the patience you see, he waited for a double digit decline before he pounced. Most people were flying. Not him. I like that. In recognition of the incredible strength with rapid delivery and the fly wheel approach he says buy amazon is there anything in this note actually, yes. You can make the same arguments about amazon