4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
More than 2 and the s p and nasdaq at more than 3 a piece for the week and the s p and the green, five weeks in a row and that the longest winning streak since december, the dow on track to have for august since 1984. So the run keeps going for stocks, we will talk a lot about it, number of stories were covering with fox Business Team coverage, edward lawrence, blake berman, sit down jerry, we start with edward in washington. A quick flight back to jacksonville, part of the gains that we saw here in the markets could be related directly to the Federal Reserve and the action that the fed took yesterday, the Federal Reserve president said its an evolution, not a revolution specifically related to averaging to achieve the average of a 2 target in an inflation, the Federal Reserve trying to see if they can make things average about 2 , theyre saying that the people will not see the prices of the things that they buy jump noticeably, what theyre looking for is the price stability, less than
Nasdaq up 20 and s p 500 futures up and it was another day of gains with the dow industrials closing 378 points at 4 00 oclock on wall street. Nasdaq up 67 and s p 34. Rioters setting fires and smashing windows calling for justice days after a black man is shot by police. Marco making landfall, hit the u. S. With less force than previously thought. The real threat from Tropical Storm laura looming in the gulf. Tiktok suing Trump Administration over proposed ban insisting its not a threat to National Security. Saving American Farmers. One famous man coming to the citys defense. Mornings with maria live right now. European markets in the green take a look. Cac quarante is up 36 and dax index in germany higher by 89 points. Overnight, mixed story in asia. Take a look, trade representative lighthizer spoke with official. Republicans striking optimistic tone on night one of National Convention. The gop formally nominating with inperson roll call in charlotte, North Carolina allowing 6 deleg
Were in westchester, pennsylvania. The expectation this will be biden country. Not far from home in delaware. The focus is Kamala Harris as she gets ready to take stage in the Democratic National convention. Well talk about this state important overall, this area is so pivotal for the hopes of the democrats. In moments i will speak with Everyday Americans and Business Owners. Stay tuned for that. Well get their perspective which is why we are here. First our top stories, fox Business Team coverage set up with gerri willis on the markets and blake burman at the white house. Gerri, we start with you. Reporter thats right. Not as exciting of a day as we had yesterday thats for sure. All three major averages finishing lower taking a breath. All three stock averages down after a big day yesterday. The big stocks driving the dow down, target and lowes hit alltime highs on blowout earnings. Target having an incredible quarter, online and stores open at least a year up 24. 3 . Alltime high. As
Business owners are slamming city leaders as their Stores Remain shut, were going to be talking to one of those desperate Business Owners on what he wants to see from city officials and then to massachusetts where forensics are now requiring most students to receive the flu vaccine to ease the burden on our Health System during this pandemic what doctors are saying about the move and why a lot of parent s are protesting but first , all eyes are now in the rnc the Republican National committee as the dnc, the democrats come to their conclusion. Democrats wasting no time slam ming President Trump, specifically for his response to the pandemic. Watch. Donald trump hasnt grown into the job, because he cant. And the consequences of that failure are severe. 170,000 americans dead. My dad was a healthy 65 yearold. His only preexisting condition was trusting donald trump and for that, he paid with his life. The tragedy of where we are today is it didnt have to be this bad. Just look around. It