Does not end. Plus the secret of Silicon Valley company palantir will become the latest unicorn to go public this week. We will find out why 2020 is shaping up to be a banner year for new listings and thats despite the coronavirus pandemic. And tomorrow, the first president ial debate of the 2020 campaign. The fox bet ceo here to tell us how you can cash in on the political faceoff between President Trump and joe biden. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we start with Virgin Galactic reaching for the stars after two bullish calls. Bank of America Global Research initiated the Space Tourism firm with a buy and streethigh price target of 35 bucks. The stock is up more than 23 right now. Susquehanna with a positive rating. Definitely a stock to watch. From space to the air, Airline Stocks taking flight after American Airlines said it secured a 5. 5 billion government loan and it could tap an additional 2 billi
To honor the work we are doing. Our country and our company runs throughout our veins and when the crisis began, we all wanted to find a way to create the equipment that the country needed. Our team has stepped up and worked tirelessly for a common cause. Our workers both hourly and salaried have done their very best to put safety first. To stay safe, strong, and on the job. I do want to take a moment to ask our team members to remember all of our health care workers, first responders, a central workforce that have given their lives in order to serve and protect the public during this extraordinary challenge in our country. It has been a privilege leading this team and i am so proud to be part of the ford motor led effortlessly by bill ford. Without further ado, please help me give a standing ovation from introducing our executive chairman of lord Motor Company, bill ford. [cheering and applause] bill ford hello, everybody and thank you so much angela and thank you for your tireless le
Last week. That means 38. 9 Million People have been thrown on to the unemployment lines in the last eight weeks. 38. 64 million to be precise. The only bright spot is the weekly claims have consistently come down. That implies that the layoff trend has already hit bottom. Heres the markets reaction to all of this. The dow at the moment is on the down side but not much by. Youre looking at 60 points lower. Youre looking at the nasdaq down about 16. Small losses across the board. Helping the market, astrazeneca, working with Oxford University, they have announced progress on a vaccine. They will do phase three trials with 30,000 american patients in july. If it works, they say they could deliver 300 million doses by the early fall. Then weve got three stories about open up and open up now. 600 doctors delivered a letter to the president outlining the Severe Health costs of the lockdown. They call it a mass casualty incident. Open up, they say. The front page of the New York Post blares
Losses early in the session after the ceo of russias Sovereign Wealth Fund told cnbc and moscow and saudi arabia are very close to an oil deal. Wti and brent are both coming off their best week on record. Not recent records on records ever all the way back to 1983 when they started tracking wti last week wti was up by 31. 7 . Up by 12 on friday alone. A meeting of Major Oil Producing Countries was delayed but still expected later this week that news just being told to cnbc that it looks like they are close to a deal. Andrew, ill send it over to you. Meantime, the latest on the pandemic the number of confirmed cases worldwide now totaling more than 1. 2 million. More than 330,000 of those are right here in the United States and more than a third of the u. S. Cases are in new york state. The death toll in america standing at more than 9600 overseas, british Prime Minister Boris Johnson was admitted to a hospital for tests a spokesman called it a precautionary test the Prime Minister test
American ships. Iran successfully launched First American military satellite. That is was a success as nearlyhundred drug rules are trials are happening around the world to fight covid19. The president said nearly 300 active drug and vaccine trials are underway right now. Also, this is happening as well. The president is moving to sign an executive order to temporarily suspend for 60 days immigration to the u. S. For people seeking permanent residency. Also breaking news, the pause will also apply to green card awardees who are currently overseas. Welcome to the show right now as we await the president. He is about to speak at any moment. Lets bring in ohio representative, steve chabot. Good to have you on. The your reaction to the temporary order seeking a pause not just for those seeking permanent residency but also green card applicants . The president says he wants to protect health and jobs as 22 americans million americans are out of work. Your reaction to this. This current envi