But first here is whats new at this hour. President trump on his west coast tour. The president about to depart las vegas and head to colorado for a Campaign Rally tonight. Well review any breaking headlines from the president this hour. Plus, money, well, turns out it cant buy you everything. Michael bloomberg pouring more than 400 million into his president ial campaign that did not help him at debate time last night. New resistance against amazon. Another city fighting the company on its plans to provide thousands of jobs for american workers. Who would want that . Connell fox Business Team coverage of that and more. Blake burman at the white house for us today. Jackie deangelis on the floor at the New York Stock Exchange and speaking of amazon, Grady Trimble is on the ground in the state of illinois. Well get to all three but first to yaki. Good afternoon to you, connell. While the dow ending down 130 points, after a bigger drop earlier in the session, roughly 300 points. That was
Way. Will it outweigh the rising cost of everyday living . That and much more on making money. Charles President Trump set to meet facetoface with the chinese vice premier in the oval office in less than 45 minutes. The markets rallying over reports that the u. S. Achieve a partial agreement with china. Here is deirdre bolton. Reporter the idea that the market is rallying or partial deal. Two moving part i hear from our sources is most likely. The first, as of tuesday, october 15th, the u. S. Had already cleared for to us put an additional 5 of tariffs on chinese goods. 250 billion worth on the 15th. So taking them from the current level of 25 to 30 . So our sources are telling us, more than likely the u. S. Will just hold steady at 25 . Not raise them to 30 . If that happened, that would be seen as a act of goodwill from the u. S. Side towards the chinese side. Now one thing that has already happened, but certainly important for u. S. Businesses is that the Chinese Securities Regulato
Phil flynn has his eye on oil and gold at cme. Hillary vaughn is live in dallas today at a google roundtable event. Gerri to you first on the rollercoaster session. Reporter wow, wow. You said it at one point during the day we dropped 336 point on the dow the within that hour we turned green. Maybe expectation after rate cut, maybe two by the end of the year. Traders like that idea even though the Services Sector appeared anemic here. Dow, one week. We were down 840 points combined tuesday an wednesday. Now we are in the green today. But on the week, the dow is down more than 2 . S p down more than 2 . Nasdaq down 1 . We have got a ways to go to see our way through this thicket. Dow laggards this week, 3m, one of the industrials stocks getting killed bit manufacturing report earlier in the week. Price target cut by barclays and credit suisse. Bad news for 3m. Theyre down 5. 63 . Caterpillar same story. Industrial stock getting hammered by this bat news on manufacturing. Goldman sachs,
You big bucks and more. All that on making money. Charles so the market has been seesawing all day long. Really all eyes on the Federal Reserve, chairman jay powell, what he will say tomorrow at the annual conference in wyoming. President trump tweeted about this today. The economy doing really well. The Federal Reserve can maybe it a recordsetting. The question being asked why are we paying much more in interest than germany and certain other countries . Be early, for a change, not late. Let america win big rather than just win. I want to bring in david dietze, moneymap press their chief investment strategist keith fitzgerald. Let me start with you. On one hand im sort of impressed with the market resolve. Yesterday we had slight inversion. We only lost 60 dow points. Today we had a slight inversion. We dipped little built. Last wednesday we lost 800 points. What is the message of the market right now . Historically, believe it or not, charles, this is actually a bullish indicator. Wh
Negative territory for the day. This is the last trading day for the month. All three major averages end in the green for the second month in a row. Fox Team Coverage with Edward Lawrence at the Federal Reserve. Jackie deangelis on the floor of the New York Stock Exchange and blake burman of course at the white house but edward we start with you. Reporter a quarter point percentage what they cut off the federal funds rate. Not everyone in the room believed that should happen. There were two dissenters, boston Federal Reserve president and kansas city Federal Reserve president said they would like to see the fund where they were. Jerome powell said this will not start a lengthy process of fed cuts but it will not be a one and done. He says as we see more accommodative Federal Reserve here moving in that direction, he is almost taking credit there for the economy, economic expansion continuing. What he says were seeing low unemployment, wages rising, consumer spending. So i wanted to kno