Bid. The dollar was a little stronger but now we are into that risk on field. You have a bid into gold, a bid into the 10 year yield. Old futures almost hitting a record high. Coming up, we are going to break all of this down with southwest ceo. He will be joining us later on in the hour as well as the founder of robin track. Looks atg he everything robinhood traders are doing. U. S. Initial jobless claims arising for the First Time Since march last week. Joining us now Narayana University of rochester professor of economics and former minneapolis fed president. He recently wrote a bloomberg piece that talked about what the fed can do in times like now, in particular when it comes to inequality. What should they be doing and what help should they be getting from washington . Narayana thanks for having me on. I think the fed should be doing all that it can to stimulate the economy in the current setting. That will further their current mandates in terms of trying to get inflation back u
Fox Business Team coverage with berm blake burman in washington and Edward Lawrence on the latest visit to north carolina. Reporter he have went to the fuji film biosciences plant in north carolina. The health and Human Services department, 265 million deal, side deal with fuji film for another plant in texas to ramp up production of the vaccine there. Fuji film has done a deal with novavax, specifically for the phase three trial. Theyre going to provide all of the clinical needs for that trial, it is part of the 1. 6 billion that federal government gave novavax for this. The federal government saying, vaccine production are taking place at the same time, and that is saving time. Not only is operation warp speed accelerating the development of a vaccine, were also directing a colossal industrial mobilization to insure its rapid delivery. Nothing has happened like this since the end of world war ii. Reporter novavax never delivered a vaccine to the market but showed enough promise to be
Pole vaulted you need to understand this week is about one thing and one thing only it is about earnings first time its been like that in awhile. This is the most overwhelming week ridiculous number of Companies Report at the same time. Let me give you the game plan for navigating a confusing if not impossible to understand period all right. Its going to start with tomorrow we hear from mcdonalds. A restaurant that can thrive in this environment, right . I would be disappointed. Yet results from pfizer that should have a good quarter and want more color on their Covid Vaccine and 3 m needed a better story about how their Safety Division is on fire. Their auto business turned and china is coming back, sadly, i dont think you hadany of that we have the defense in Aerospace Company that will give a glimpse of the broader industry on wednesday. I have a descent feeling about rathion but i fear we wont hear anything good about boeing im concerned about aerospace because we havent seen trave
Is falling, so does the s p. Caroline Second Quarter is beating on an adjusted earnings per share basis. Revenue, also a beat. The chipmaker is accelerating the product transition, they say. Revenue, 75lyear million dollars. We are managing to get some clarity from businesses in terms of forwardlooking guidance. Romaine hersheys was one of the big over today, up 6 . Even if the guidance does not necessarily meet expectations, the idea that they have some clarity definitely emboldens some folks. Of course, intel right now down about 4 . A lot of folks looking deeper into these numbers and apparently you are as well. Taylor key headline, that they will be accelerating the product transition. That is what they need to do to remain competitive against amd. I know that analysts, particular where looking to see how you maintain that competitiveness. A lot that could be within that 10 nanometer product transition. We also know that apple has been announcing their own chips, potentially hurtin
Theyre raise something 130 billion in market value between them just today. Tesla, also down 4 in the likes of amazon, alphabet not far behind lawmakers continue to work on aadditional stimulus package with new details coming out about individual and corporate ap dow down 330 points with 59 minutes left in the session, sara coming up, tech investor dan niles will be here to make sense of the late day selloff in technology stocks. With the nasdaq down 2 . Plus, well talk to john rogers about his take on the market and the areas hes investing in right now. And more earnings coming your way after the close including intel, etrade, mattel and apple supplier sky works we bring you the numbers as soon as they hit the tape with one hour left of trade, lets focus in on the stories. We have details on the increasingly heated rhetoric between washington and beijing phil lebeau has comments start us off with the Broader Market and tech especially not getting the love today tech is overheated. Loo