Earlier like they were headed to brand new record highs. Not so now. We do have the Dow Jones Industrials down 143 points. Ciscos poor earnings is pushing that index down. S p down 11. Nasdaq just higher by 19 points. Not the same at all for apple. Apple hitting yet another new high as it closes in on the 2 trillion market cap. News breaking of its new plan for subscribers to bundle the apple joy so which Companies Might want to dive for cover . We are taking a deep dive into the apple barrel, online contactless auto sales winning the race during the pandemic. Why are investors hitting the sell button on the hottest used car deals in cyberspace . We will ask the vroom ceo because hes here. And musicians still resorting to zoom with no live concerts and broadway still closed. But that does not pay the bills. Enter the chairman and ceo of the Recording Academy. The man behind the grammys. What hes doing now to help artists with their strings cut by the pandemic. Its a fox business exclus
Tology is once again a right spot. Nasdaq gaining 30 points. Company is planning to unveil a series of subscription bundles with its iphones this fall. Apple inching closer to the true trillion dollar milestone. Fox Business Team coverage, blake burman at the white house. Edward lawrence is in washington. We begin with blake burman. Hi, there, blake. Reporter cheryl, democrats, republicans phase four deal, 2 1 2 trillion dollars give or take apart. President trump says the biggest hangup is a fraction of that. 2 1 2 billion dollars for mailin voting and 25 billion for the post office which is what the president wants. Here is the president speaking to Maria Bartiromo earlier this morning. President trump if we dont make the deal, that means they dont get the money. They just cant have mail in universal vogt. They cant have it. Sort of a crazy thing. Reporter democrats say right there, acknowledging not going forth with those funds would restrict access to some in upcoming president ial
Well break down the numbers later, we are closing out our series on the cannabis craze with a deep dive into green thumb. We start off with a big developing story at apple as that stock hits a fresh alltime high epic gains after apple removes fortnite from the app store. Epic blasting apple. Take a look. We shall prevail. Lets get more on this developing story jewuli julia . Epic is taking legal action after apple after apple removed fortnite from the app store. Emmick posting this individ g epic posting this video with the hashtag free fortnite. Apple saying that epic has benefitted from the App Store Ecosystem for a decade saying their business interests now lead them to push for a special arrangement and not change the facts these guidelines could level the Playing Field for all developers and make the store safe for all users epic says it isnt seeking monetary compensation but injunctive relief to allow fair competition in these two key markets that directly affect hundreds of mill
Apple inching closer to a 2 trillion market cap. Bloomberg breaking news the news that apple is working on a subscription bundle to drive more revenue and kicking the ga paymentte over its policies. Abigail come you have been looking at materials. Abigail they had a very Strong Quarter and had a better outlook than expected and initially afterhours the stock was reacting well. The stock is up about 82 . , all over theer map. Must have a look at it it was what. They beat and put up a better outlook than expected. This is a company that makes the equipment to make the chips. This has implications in terms of the strong chip demand, which would suggest that the demand for the companys that use chips. This could be bullish overall, and relative to a different take on the day, yesterday, as you ciscogo reported reported come to supporting, weighing on the s p 500 and the nasdaq. The reason i am highlighting cisco, down 11 on the day, the worst day since 2011, and they had a disappointing ou
Giants thats benefited from more money in american wallets earlier this year. For more, i want to bring in abigail, whos been following all the action in the s p. A big day, catching up to the nasdaq. Tech is helping. Abigail we have this record high. Market watchers have been waiting for the s p 500 for a week very closely. The nasdaq has been hitting record high after high. Tech, especially with amazon and other tech names, really driving the gains for the s p 500. Morning the this s p 500 briefly went negative after putting in an alltime high. We have this wall of worry. Not only do we have no still is, a second deal is not on the table yet. We have a election jitters, u. S. China trade jitters, the possibility of a second wave. It was not a robust finish for the s p 500, that a record high. One day versions are a little high, given the others closed a little high. The last time this index put in a record high was almost two years ago. Its really the habs and and havenots. Vs techno