The dow industrial average, remember that apple is a dow jones stock. This loss 220 points roughly at the opening bell, that wipes out yesterdays game. Smp on the downside and nasdaq down about 1 . The loss they are because of tech stocks. The virus is also a negative with severe restrictions on travel and businesses in france, italy, germany and spain. Their resurgence has a stalled not good for us. Youre at home a record i think 882,000 new cases reported yesterday and restrictions are spreading, thats not good for this market. Four days till the election and even joe biden is picking up the pace going to three states today come i will, wisconsin, but will he answer questions about hunter maidan repacking the Supreme Court or the influence the socialist have on his campaign . Politico quoting three sources saying Elizabeth Warren wants to be and is the front runner for treasury secretary. The president goes to three states as well, michigan, wisconsin and minnesota as he frames the e
Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
Further. We are joined this hour by finance minister. The other big story today, lawmakers in washington take aim at the power of big tech. Saystitrust investigation they are abusing their dominant status. Australia coming online. Lets turn to Sophie Kamaruddin in hong kong with a checkup on markets. A two day rise, we are seeing pressure come through for the benchmark while the aussie dollar is testing that 71 popl after forming a double early this october. We are seeing action in the bond space. The front end of the aussie curb slipping with the three year yield falling as much as four basis points earlier in the session. This after australias updated debt issuance coming in less than expected. I want to highlight bhp shares. We are seeing the stock fall as much as 2. 3 this morning. Tesla bhp in focus be at flipping the board to check in on futures, s p eminis under pressure. The yen trading study but theres upward pressure on the stimulus deadlock. We are watching iphone makers aft
Alex dean, if you want to raise your voice, i can raise my voice dean go [bleep] yourself. Lemonis if i cant help them pump up the sales volume. Get the [bleep] place built. Overtone acoustics will fall silent forever. My name is marcus lemonis, and i risk my own money to save struggling businesses. Were not going to wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings going to change, everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Recording studios and home theaters are some of the typical places you would find a product called Acoustic Panels. They reduce echo. They improve sound quality. And usually, theyre very plain looking. Brad turpin thought he could do better. So after college in 2011, he founded overtone acoustics. His mission was to produce highquality Acoustic Panels that could double as artwork. Brad so this is goin
With minerd and where stocks may go from here another exclusive. Another midmajor oil company his first tv interview for years. Good friday morning, we made it. Good afternoon, good evening wherever in the world you are watching here is how your money and the Global Markets are setting up their day. Futures are higher not by much, dow futures are up. Look at nasdaq futures soaring. Up 195 right now big move there this comes off yesterdays down day for the dow. All this as we wrap up the month. Major index is on pace for the fourth straight month of gains gold on pace for its best month since january 2012 today, really likely to be all about the four horsemen of big tech, the same Companies Whose ceos who were grilled by congress, they all obliterated estimates with quarterly numbers and stocks are responding. There are some highlights. Google did post First Sales Decline in history other numbers are solid, google one stock not really responding today. In the premarket, apple up 6 faceb