Row. Weve got fox Business Team coverage. Blake burman at the white house. Hillary vaughn and Edward Lawrence in washington. Well start with blake. The latest on reaching a deal for covid19 relief. Blake. Reporter hi, jackie. Every afternoon around this time we say there is another big meeting up on capitol hill. Let me start by saying there is another big meeting up on capitol hill. Treasury secretary steve mnuchin, white house chief of staff mark meadows are negotiating with the top two democrats Chuck Schumer and nancy pelosi. Walking into the meeting mnuchin and meadows were quote, unquote, hopeful. According to sources im told during yesterdays meeting, those two, mnuchin and meadows impressed upon schumer and pelosi if there is not significant progress in the upcoming days, that could increase the possibility that President Trump would go ahead and use executive action. That is why one source described the meeting that is taking place up on the hill right now as quote, unquote, b
South korea, president moon calling the current Economic Situation as an emergency. The rhetoric is not positive even as what we see the beginning of a stabilization for some of these virus cases coming out of china. Certainly, the attention is on what regional economies are going to be able to do to support Economic Growth. Lets take a look at what we are seeing on the markets. A milestone for Chinese Markets in recruiting some of those losses since the Lunar New Year break, but we have seen very little positive price action since then. Absolutely. A little bit of a tempering of the positive tone we had seen. After we made up the post Lunar New Year losses, it is notable that you look at stocks on the mainland and they are trading lower, but off by just 0. 1 , so trying to hold in, trying to higherd continue to move with the cautiously optimistic town. Off slightly to the downside. Where we do see losses leading the way, that is in hong kong and japan. Both the hang seng and the andei
Im Courtney Reagan. Stocks trading again in another fa narrow ray but another high. A volatile session for oil. Saudi arabia and three other countries cutting ties with qatar raising concerns about supplies. More on this as oil prices fall. And whats moving. A major cancer conference under way in a number of biotechs rallying as a result. Loxo and puma among them. Herbalife down 6 of its latest outlook. Brian . Here is what else is happening this hour. Csx shareholders approving a proposal to reimburse 84 million for arranging the hiring of a new ceo hunter harrison. The ceo of mantle ridge, by the way, is the vice chairman of the board for csx. In the skies the good times continue to roll. Airlines globally are collectively raising their profit forecast. The Industry Group that represents more than 200 Airlines Says the profits should top 31 billion this year. Thats about 1. 5 billion more than previously forecast. And the Supreme Court scaling back the s. E. C. s power to recoup prof
Speaking to bloomberg. Riyad turns up the heat in the gulf, adding new names to the list of terror groups. A secondquarter results show rising costs, sales improved but miss the most bullish forecasts. And of course, oil gaining for a second consecutive day. Yousef, did you see anything leading to this . Yeah, just a general sense speeding into sentiment that opec and nonopec look is the course. There were no major surprises, but they did say they will improve their way, listening to the market, what metrics they are looking at. Youre going to take compliance more strictly, and they are not going to take the countries who are not pulling their weight continue to do that. The other key thing is nimbleness, absolutely crucial. They will continue to have a level of agility to react to market conditions. For now, they will continue to stay on course. Got supply coming down that will help rebalance the market and ultimately feed into the broader price. The ceo says they are improving spread
We did a piece on these flipflops. Come to the camera. She asked if she could get a pair of flipflops. We want to get her the flipf p flipflops and stuff with will give away a little later. Its not going to fit me right now. Its really soft. Id raet having it for fitting longterm. You gt me a large. I cant wear. Youll be working out. I know, that makes me you should have been a medium. Im going to try it on. Its the thought that counts. Thank you for thinking of anything. I would not probably have. You were on a quota, too, right . You werent allowed to you only could spend so much down there. This was personal. This was personal money. Because the expenses. He paid for this himself. Bought it with my credit card. Thats even nicer. You can write it off. I cant write it off. Who is reading this . I am. Were going to take a look at the u. S. Equity futures this hour. Thank you andrew. Very sweet. Take a look. Things looking positive for the bulls. Dow futures indicated up 66 points. S p