That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have team fox business coverage of the brewing tensions between the two superpowers. Our tech panel is here to tell you if we are on the verge of a high tech cold war and why t
Lavongo on their merger and the first companys earnings report. David has news on microsoft and tiktok. Want to continue to update a story were following closely given we have not seen anything like it. Tiktok the incredibly popular social media app in the u. S. And around the world, bytedance its owner, the u. S. Government saying we will shut tiktok down in the u. S. Unless you find a way to transfer all of it to u. S. Ownership and microsoft playing the role as potentially the only suitor for the business i wanted to bring everybody up to date on new reporting that ive got because it is interesting. Both sides right now, bytedance and microsoft and of course the u. S. Government is still very much involved in this as well are negotiating to try to reach some sort of an agreement under which microsoft would buy the u. S. Business of texas toks u. S. Bit from bytedance within the next two to three weeks. That seems to be what theyre hoping for in terms of a timeline obviously in these
Taken individually they can mislead us but taken together they are like high beams who can keep you from straying into the wrong and dangerous lane [ screaming this was a good day for the bulls. Dow gained 3919 points nasdaq advanced 5. 2 more importantly, though, every single stock, on my go list like the go pattern in football, a go list was up today. Meaning that something very big could be afoot that is highly unusual whats on my goal list im talking about the companies that are doing okay right now. But if the pandemic were to end or be behind us, theyd be putting up breathtaking yearoveryear comparisons and we care about yoy, year over year by the Time Next Year well have found a way back to normal or at least an almost normal situation. And its probably going to happen much sooner than that im going to rip down that list to show you what a go pattern looks like but before that buyers have decided that science will beat covid sooner than expected so youd better get on board or mi
By the United States of america. You go out and look at all the speculation. I would suggest right now it is speculation about what china will do, but there is no speculation that they will do something. Jonathan there is a broader story to acknowledge, whether it is the economy and trade, whether it is foreign in the , the commonsea denominator is trust and the lack thereof. You see it playing out more in the last couple of months. Tom it is worldwide. SyrIan Duncan Smith was on. Ir Ian Duncan Smith was on there is a Global Messaging here about china and what to do with their economic and military assertiveness. Jonathan for the equity market, we are down just eight points on the s p 500. Market participants dont know what to do with that story. This has been the take away for the last several weeks, every time we see a headline like this. We come back pretty quickly. Lisa trade tensions were a tear bleed through into the economy. Result, an unclear less fuzzy result that we are is th
Without question, the data, another remarkable day after the remark about turnaround we saw yesterday. Jonathan ferro will give you that data in a moment. Coming up, terrific sets of conversation on economics. Youve got the retail sales data coming out that will be most interesting and important as a sign of the american economy. Jay powell at 10 00. In moments, we are honored to bring you the secretary of labor of the United States after the history made yesterday at the Supreme Court. Jonathan, that was remarkable to see what the Supreme Court announced yesterday, the Immediate Impact of those for and those against. Jonathan making some serious progress on a whole range of issues in this labor market, particularly on discrimination. Weve heard about the social injustice of the last couple of weeks. But we are making progress, and i think that is key. Equity futures are positive 43 points on the s p 500. Treasury yields, the curve is steeper. ChairFederal Reserve navigates that with t