Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i
Notches a record close. We are up 162 points, much more than we needed. The s p up 15 points. The nasdaq up by 41. We are looking good right now. We will take all of this up with our floor show guys. Also coming up in just a few moments, weve got Philadelphia Fed president and ceo Patrick Parker who will sit down with Edward Lawrence to discuss his historic vote to change the feds inflation policies. The cleanup from hurricane laura in full force across the gulf coast as Power Companies work to turn the juice back on for folks down there. We are going to go live to lake charles, louisiana to get an update. And the one company is helping some of the biggest corporations in the nation return to work from the coronavirus pandemic in a safe and touchless manner. We will introduce you to the ceo of envoy. This is a fox business exclusive. Coming up, less than an hour to the closing bell and im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl well, forget apple. Forge
Assistant Katie Sullivan and i am julie rosenberg, the boards executive director. Our Legal Process clerk is also present. We will also be joined by representatives from the city departments that have cases before the board this evening. Scott sanchez, joseph duffy, and chris buck. The Board Meeting guidelines are as follows. The board requests that you turn off or silence all phones and Electronic Devices so they will not disturb the proceedings. Appellants, permit holders and Department Respondents are given 7 minutes to present the case and 3 minutes for rebuttal. People affiliated with the parties must include the comments within the 7 or 3 minute periods. Members of public who are not affiliated have up to 3 minutes to address the board and no eare buttal. Time may be limited to 2 minutes if the agenda is long or if there are a large number of speakers. The rehearing requests the parties are given three minutes each with no eare buttal. Our legal assistant will give you a verbal w
E we will we will be watchins weekend. That will do it for us, have a great day, everybody, Varney Company begins right now. Stu, on your one day back, im giving you tossing it over so late. Im so sorry, stu. Stuart maria, for fox sports you can do anything you like, its as simple as that. Good morning, maria. Good morning, everyone. President trump held 18 conversations with journalists, bob woodward, included discussions of the virus threat and how the president handled it. The recordings are now public and they are at the center of latest political storm. The allegation is that he publicly down played the severity of the virus while privately acknowledging its danger. Joe biden went into attack mode instant i will saying it was a life and death betrayal of the American People. Speaking with sean hannity last night, the president said he didnt want to scare people and he didnt want to panic, he wanted calm. Yet again the media thinks theyve got the president on the run. Its worth poi
Flying tech name your Investment Committee is stephanie link, josh brown and michael farr great group. New highs earlier on the s p 500. Markets have cooled off a bit. You have the dow down 182. Apple is one of the stocks ma weighing on the dow. You sold 20 of your positions in apple and nvidia. Are you sure it was hard to find a buyer . Love you, sully i dont know why were saying this is a big move or bold move. They hear the part they like its the opposite of a bold move im playing chicken. Im saying nvidia and apple have become too big a part of my portfolio. I have tons of apple exposure elsewhere. I own the kwqs everybody owns apple my lifetime exposure to apple is high all im doing is keeping 80 of my position inted of 100 . Its not that bold im doing the same with nvidia these stocks have plooned. Its like risk management. I dont want to be out of these stocks i just dont want to live my entire life based on how they do each day this is what all prunts investors do its what im d