Down almost 3 at one point. Jack ma said to surge up the wealth table after a mega dual ipo. Expecting to raise almost 35 billion in hong kong and shanghai viewed Sheldon Adelson rolls the dice in las vegas. He is said to be extorting the sale of his flagship casino which cost more than 6 billion. Shery lets get started with a quick check of the markets right now. We are seeing u. S. Futures opening pretty flat after we saw u. S. Stocks falling the most in the month and the regular session. The s p 500 down 1. 9 . It was the biggest drop since early september. We have the ongoing fiscal stimulus impasse, now on its third month. We also have surging coronavirus cases. Boeing falling on chinas plans to sanction the company over sales to taiwan. We have the u. S. Approving another potential 2. 4 billion of antiship missile fuel to taiwan. The vix closing above 30 for the first time in almost two months. We saw strength in the u. S. Dollar. Take a look at oil prices. Wti rebounding a littl
Next hour ill speak to the ceo of Johnson Johnson, on the companys earnings and news of the halt in vaccine trials after one participant became sick, helping to drag futures this morning. Take a look at markets, the dow industrials are down 133 points, the nasdaq is holding onto gains, up 97 points right now fo. The s p 500 is down 6 and a quarter points. Yesterday, Big Technology led a big rally and at the close the dow was up 250 points, the nasdaq up 296, almost two and two thirds percent on the nasdaq, the s p 500 yesterday up 57 points at 4 00 on wall street. Amazons prime day kicking off today, how the shopping giant can expect some stiff competition from other retailers this time around. High expectations, apple is unveiling its 5g ready iphone 12 today, everything you need to know before the big event, mornings with maria is live right now. European markets are flat this morning. Take a look, fq100 down 23, cac down 19, dax index in germany lower by 53 points. Retail sales in t
Web cam shortage . The nations hottest supplier going gangbusters after its computer equipment outfitted so many home offices during the work from Home Movement. The ceo of logitech is here in a fox business exclusive. I will ask him can we speed up the manufacturing of the web cam . And Actress Lori Loughlin faced a web cam and a judge via zoom for trying to sneak her kids into college. Now one Major University system says applicants no longer need to take the sat or the act. They are moving on because it can be gamed and so many more reasons. The khan academy has been invented so any student can learn from free, from Kinder Garden to those studying kindergarten to those studying for college, he is here. As more kids turn to him from home. Less than an hour of the closing bell on this friday, so glad you are with me. Lets start the claman countdown. Breaking news, more headlines coming out right now, following the all out effort to push for a vaccine by the end of the year. Reuters ha
House passes and aid package and some corporate bailouts may come at the price of corporate equity stakes. And gilead shares crash as reports suggest its potential covid19 drug flopped in trial. Good morning, everybody. Program. O the we see a sluggish pace reflected in european futures. Much weaker. Features down, plenty of reasons to be gloomy if youre looking for them in terms of u. S. Jobs data, eurozone pmi data. We saw that certainly have an impact. Lets have a look at u. S. Futures. We do see some negativity and u. S. Futures in u. S. Futures. But not to the same extent. As we continue to watch the earnings stories coming in, lets get a bloomberg first word news update for you. The u. S. House overwhelmingly passed a nearly 500 billion. Oronavirus aid plan the white house says President Trump will sign the legislation today New Washington time. Treasury secretary Steven Mnuchin once equity stake in exchange for a share of 17 billion in aid. He says Public Companies critical to N
Japans ruling party says the coronavirus will hit harder than the financial crisis. The global stocks rallied after the u. S. Opened the fiscal taps to the tune of a billion dollars. Thats on rate cuts for major Central Banks surge. St. Louis fed president tells bloomberg, dont assume that will be another cut in two weeks. Rate to thee policy right place for now. Given the information that we have now. We took out some insurance against the possibility that this will cause a growth slowdown in the u. S. Matt division in vienna. Agreement over output cuts proves elusive for opec plus delegates as they look to counter the impact of the coronavirus. We are live on the ground for a crucial meeting there. Lets take a look at futures, getting across europe right now. More than 0. 5 . Up 0. 75 . S are futures. In u. S. We finished up more than 1 yesterday across european forces. There was a major surge in u. S. Stocks as a result. You are seeing futures down for the west stocks. Risk on for e