Blake burman at the white house. We have Lauren Simonetti watching the market action. Edward lawrence reporting from washington at the but on this up and down day, lauren, we start with you. Lauren lauren its with up and down day. I had to look over to see if stocks finished the green. It is changing constantly. This is the new normal. Investors are totally unsure how to price in politics. Not just the expected turbulence around the election, but the future of stimulus. Stocks got a major stimulus from comments on treasury secretary Steve Mnuchin he and House Speaker nancy pelosi theyre going to keep talking about a new relief bill as House Democrats reportedly are ready to scale down a package of their own. Doesnt mean it is going to happen up investors like they are talking. We call it the mnuchin maybe, maybe. The s p 500 avoiding falling into correction territory, up, after the closing bell by just nine points. Yes, it is positive on the year by a whole 16 points, guys. Take a look
Selloff, but stocks will open lower this morning. Disappointing housing numbers really not helping, the dows looking for a loss of 370 points. Thats quite a drop right there. S p down 58, nasdaq down 288. A lot of red ink on the lefthand side of the screen. By the way, 860,000 jobless claims this week, thats the lowest number since march the 14th. All right, there is a mask and vaccine fought. President trump saws well have 100,000 next doses. That will be super fast. The cdc says, hold on, youll have to wait until the middle of next year, and joe biden says he doesnt trust trump, he trusts science. College sports, yeah, making a comeback. Ncaa basketball returns in november, big ten football in october. And sally, ouch. That storm has dumped more than a foot of run in some pluses and, get this, a storm named teddy is forming. Could go up the eastern seaboard. Big show, of course. Aoc wants even more implements for the social u. S. Es. Fomo, fear of mussing out missing out, have Retail
Epa administrator Andrew Wheeler will join me after the president signed an order to extend the florida offshore drilling ban. Well talk to him. But first, joe biden hitting the campaign trail this time in the crucial state of michigan. He will push the his own made in america plan before President Trump heads to the state tomorrow. The plan calling for more taxes on certain companies. Fox businesss Jackie Deangelis has the latest. Jackie, when i heard this, i thought the announcer made a mistake. He was talking about what trump had said in 2016. Reporter that is a very, very good comparison to make, david. Good afternoon to you and thats right, biden is in michigan today. Remember, this is a manufacturing state. He will try very hard to win over those voters. What he is saying is, i have got what it takes to make it in america. Now a crucial part of that plan is what he is going to do with Corporate Taxes. So lets review here. We already knew he wants to roll back the Trump Administra
Melissa francis. Hey, connell. Connell im connell mcshane. Hey, melissa, we start instead of focusing on markets and wall street and with blake burman as we come out of that announcement at the white house. He is there live and, you know, it was interesting, blake, because the president was asked right off the bat as we were joining it whether he misled the public and essentially he said yes, i did but it was, as melissa points out in his view to prevent panic. Take it from there. Reporter 18 different interviews President Trump gave on the record taped to bob woodward. Absolutely no dispute what was said on the tapes. President said it. Some have been published. Well get to see and hear potentially more of it in coming days as Bob Woodwards book is soon to be released. In one of those interviews on march 19th, is talking to bob woodward about the preeminent issue of that issue at that time, covid19 and everything going on then. The president in that interview acknowledged he was purpo
49 cents today, 3346. You gotta see tesla, jeffries is alien that stock could go to 2500 a share, maybe 3000, its up 23 bucks premarket. As we keep saying, you are watching history. The open today, the dow is going to be down about 20 odd points, then we have the s p, its hit 17 new highs this year, itll be up again this morning, the nasdaq has hit 38 highs and up again first thing this morning. Blockbuster economic news, google good orders come up 11 . That is money, now politics. An audacious second night at the Republican Convention, the president parted a bank robber, then he surprised five immigrants making them instant citizens right there in the oval office. Mike pompeo appeared from jerusalem and niclas salmon said you cannot cancel me. But it was First Lady Melania Trump who stole the show at least for me. She walked down the white house and delivered a speech about growing up economy and is him and yearning to complement america. An immigrant who likes it here. I promise, you