Talking about raising rates. In the end the dow hit the skids falling 89 points, the nasdaq 35 and the s p 12. Gold edged down 13 dollars and oil bounced 94 cents. Bloomberg news reports. Walmart is considering supporting a minimum wage hike. The retailer had no comment. Facebook is buying whatsapp for 16 billion dollars. Whats app allows for free texting on most smartphones. Facebook shares fell 4 in heavy trading last night on the news. After hitting a new high wednesday of 69 dollars. Trader Mark Sebastian of swan Wealth Advisors joins us now. I want to talk about that turn for the worse that happened in the stock market yesterday on comments from the fed. Will we see follow through today mark . I think so. We saw a huge move in the vix along with the s p 500 selloff. When the vix makes a big move relative to the s p it almost always points toward some continued weakness. I would be steering clear of the broad market indexes right now. Id be waiting until we hit that 100 Day Moving
Oneday death toll last week. The governors across the country are greenlighting more and more businesses to open doors despite some concerns that enough people will not wear masks or take the proper precautions to stop what is expected to be growing infections nationwide. Colorado governor jared was interviewed about all of this this morning on fox news sunday. Jared we are proud to be getting our economy going in a reasonably safe way and a couple of stores have been opened and we are doing this thoughtfully and carefully. We value our partnership with the federal government. Theres a time for elections, theres a time for politics, this isnt it. Its a time for managing the crisis together and im doing my best to get it done. Eric for more on the economy and whats being done to protect us steve harrigan, in atlanta with more. Steve 7day death toll stands over 1400, significant improvement from just 3 weeks ago, down by about 30 and as more states continue to reopen, the former director
Predicts the u. S. Coronavirus death top 100,000 by june first. The Trump Administration launching operation warp speed with the goal of having vaccine developed by the end of this year but President Trump says the nation will move ahead with reopening with or without a vaccine david punt is live at the white house with more, hi, david. David hey, arthel, President Trump right now is at camp david with senior advisers, but the heads of the Health Foreign Relations Committee and democratic of Foreign Relations committee sent letter to white house chief of staff mark meadows demanding answers of latenight firing state department general that President Trump announced he was firing last night, latest of Inspector Generals that President Trump fired in recent weeks i should say. I want to read something from chairman engle, a statement he put out last night talking about firing. He wrote, i learned that Inspector General opened investigation into secretary pompeo, mr. Linnex firing of such
Announced operation warp speed, in the rose garden yesterday, an effort to provide up to 300 Million Dollars doses of the vaccine by january 2021. You mentioned the World Health Organization also working toward a vaccine, the who may get some cash from the United States after all. Last month the president said hes stopping payments to the who over its relationship with china, but fox news has learned that the white house now considering making payments the same amount as china. Speaking of china, the president said the u. S. Would have access to a vaccine even if china developed one first. This as the department of Homeland Security and fbi announced last week, china is trying to hack u. S. Vaccine research. Just a few hours after President Trump touched down at camp david last night, we found out that he fired state Department Inspector general, who has been in the job since 2013. Democrats are calling for an investigation over on capitol hill. They want documents from the white house
To reopen this weekend. Im leland vittert. President obama, though, today had some harsh words for his successor at 1600 pennsylvania avenue. President obama slammed the administrations Coronavirus Response during a virtual commencement address on saturday. David spunt live at the white house as we await President Trumps arrival from camp david. Reporter the fight between two president s, the current president is supposed to land on the south lawn any moment. He was meeting with advisors at camp david. Leland, as you know, its no secret President Trump has been extremely critical of his predecessor, former president barack obama, arguing that obama depleted the national stockpile, didnt leave anything left over. Obama turned the tables yesterday. Listen. This pandemic has finally torn back the curtain on the idea that so many of the folks in charge no know what theyre doing. A lot of them arent even pretending to be in charge. If the worlds going to get better, its going to be up to yo