A row of losses for both the s p and the nasdaq. That is the longest losing streak weve seen there in seven months. So with all of that, a a lot to get through. A lot of angles. Fox Business Team coverage. Blake burman is at the white house. The president will be moving shortly we think. Gerri willis following the Market Action for us. Gerri, lets start with you. Reporter yeah, lets start right here. Yeah, big selloff today. Many, many, worries, stimulus, virus, political uncertainty. Money laundering among the banks a lot going on. Let me make you feel good about the selloff, originally the dow was down 942 points. Obviously correcting in the last few minutes in the afternoon, doing better indeed. That is good news. The s p flirted with correction territory. Didnt get there. So that is good news, finishing much better than expected. The nasdaq real turn around for the index down 14 point as after being down as much as 273 points. So it has been a major turn around for this market a hu
It feels like a long week but second week of september. European stocks are prep flat. We had a mixed week overall. There have been concerns over evaluations in some pockets of the market, global and technology stuff and then the other big question is what happens to euro . Christine lagarde delivered relatively mild comments on the currency surge. And headed for the biggest weekly drop since march. Lets get to bloomberg first word. Europe has overtaken the u. S. In terms of coronavirus infections. The e. U. , norway, iceland and lichtenstein reported more than 27,000 cases on wednesday compared to 26,000 in the u. S. The region has remerged as a global hot spot after bringing the pandemic under control earlier in the year. The odds of another round of u. S. Fiscal stimulus has dropped. Senators dropped a republican proposal for slimmed down support in the region of 500 billion to 700 billion dollars. Temperatures are looking for temperatures are looking or 2. 2 trillion. The u. K. Eco
On as wave after wave after big retailers decides to require them but one prominent retailer says no to mandating masks. This battle becomes more complicated by the day. Beverly hallberg has been a target in this war. She is here to share her thoughts. All that and so much more on making money. Finally here, right, the lazy hazy days, the summer doldrums,less volume, tighter trading ranges. There are trends and events that promise us fireworks. The rotation trade making its second attempt in as many months as value has perked up and profit taking in those monster growth names intensifies. How ironic that these names might have pulled back so quickly, they are already attractive. So buy value or dare i say buy oversold big tech names . Let me bring in Wealth Management president rebecca walzer, along with distributors vp. Coming into the session some of the biggest 2020 winners have lost a lot of ground. Tesla reversing but down a lot from the highs, intel, docu serve, amazon, adobe, th
Equipment from the chinese tech giant waves. Washington rejects beijings claims in the South China Sea china in turn accuses the u. S. Of undermining Regional Peace and stability. 14 dead an ongoing cross border fighting between us about john and armenia. Im joining with the sports including. The decision is that his grace since strong words from English Premier League manager. European ban is lifted. Now we begin with breaking news from the International Court of justice at the hague its ruled in favor of qatar in a dispute with 4 out of countries that have imposed a blockade on the gulf states and have prevented qatar the aircraft from flying over their air space the court said the u. N. Civil Aviation Agency has jurisdiction in this case because of one. You know. For all. Of. Us too. By 15 both you. Told me that the council of the International Civil levy here organization has duties you can do that they. Need to eat by the government of the day of. The 27 p. And the seat of the occ
And Andrew Ross Sorkin well start with the markets this morning as the nasdaq logged another record high nasdaq now on an eightday win streak the longest since december last year watching u. S. Equity futures today. There is a pull back the dow is indicated down 265 appointments s p off by 28 and nasdaq down by 50 the nasdaq has seen its best quarter since 1999 and the dow the best since 1987. Check out the s p, for this quarter, s p is up for its best returns it has seen since 1975 looking at the treasury yields this morning youll see the 10year note yielding 0. 7005. That is kind of our comfort zone pretty comfortable if you need to borrow money for sure. The u. S. Is weighing some new tariffs on experts in this case from france, germany, spain and uk related to the 15year old wto fight over aircraft subsidies. Saying the eu is guilty of unfair subsidies to airbus the u. S. Has been accused of unfair subsidies to boeing, negotiations have been at a stalemate. Andrew thank you, joe in