Snots pete it is the 8 a. M. Hour and Friends Weekends. Count down is on were just two days away from the 2024 probably the only president ial debate between those two. In Brand New polling shows Trump And Harris Neck And Neck nationally with voters. Will and i go Off The Wall pretty soon breaking down the rules, prep and strategies, Coming Up. Rachel plus this week marks the 23 years since September 11th attacks, and one business is honoring heros with flags created from the steel at Ground Zero. Will football is finally here gearing pup for a slew of week one games right here On Fox. Third hour of fox Friends Weekend starts right now. Pete not just top Seal Beach but north in North Carolina. Pretty nice. Rachel yeah. Pete will was talking about Police Stations you can get by car but there are some places in North Carolina out or banks really hard to get to. I dont think ive been to and like to see them. Will so aaron our Floor Director and i were talking about these different communi
Down again that reopening trade getting slammed. You can see that in the airlines there all taking a hit today later, check out this ride shares of avis budget, up 300 from the march lows. Getting a boost in the red hot used car market. The ceo will join us power lunch starts right now thanks energy and financials are leading the declines today they are down way more than that stall worth technology sector. Bob has more on this Early Morning reversal same story. Teches still out performing energy, financial, other cyclicals. Not a good start to earnings season big miss on earnings and very poor guidance. Walgreens has not been a good stock. Thats real problem. I think they may be basicing market mentality banks same story Huntington Bank was 5 goes to 12 its back to 8 again. Its an invertsed v. Whats moving the market theres five things. Is the reopening going well or not. Lets call it bumpy. Is stimulus coming maybe theres less good news on treatment advancing. Thats good news elsewhe
For the country and the economy with ian bremmer who says we should be thinking in terms of three years. Plus, well speak with Kevin Durants Business Manager about the lockdown of the sport. 59 minutes left of trade iing. Lets focus on the big stories mike is tracking todays Market Action near the highs of the session. Phil lebeau watching boeing dragging down the dow. David faber covering the executive shake up at at t and kayla on the latest round of government stimulus. Mike, first you on what were seeing slight gains, still lower on the week an upward drift here in the afternoon, but as you suggest within the range, obviously just consolidating r very, very big really historic magnitude of a rally we saw during march. April rather weve come right here, 28 20s is an interesting level in late summer its kind of rushed up last summer we were afraid of some kind of perhaps tipping into a mild recession. Here we are looking at a vastly worse recession. The earnings picture is very opaqu
That we had in the week. The last two days, the price of oil, up again today, the president wrapping up a meeting at the white house and there is a virtual opec meeting planned for monday and opec and oil both on the rise. Small caps, though, they are going in the other direction a week to forget for smallcap investors losing another 5 , and this is a staggering stat which will show you just how bad things really are for the smaller cap stocks just ran the numbers before the show, 132 members of the s p Small Cap Index are down more than 20 this week well dig in more on that. Plus the sba pay check protection act, the Small Business loan program, may be getting off to a rocky start two important guests for you on that the ceo of honeyfin bank, the number one sba loan maker in the United States and the true story of a 125yearold familyowned business trying to get one of these loans and struggling to survive. Of course, we have the crack team with you, guy adami, tim seymour, and steve g
Jim, its clear that even though we had some constructive things happen tactically yesterday, sounds like you dont expect this bounce to last for long were the most oversold weve been i guess you could go back some people say get some great stuff from mr. Williams who is one of my favorite technicians, larry williams. I want to point out, hes done work which says going back to 1933 this is one of the most extreme panics ever. He wants to buy panics on the other hand, you say whos there to buy i feel that were due for a bounce i dont know how much money there is there is to buy much more stock liquidity is a concern in every aspect of finance, at the same time any time you skip over the Public Health issues, you forget that right now strapped in san francisco, strapped in boston, strapped in new york maybe theres not just equipment. The nightmare is occurring what do we make then of stei stifel looking for a 15 rally, gun gundlach not shorting. Why are there these Little Pockets of not o