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
Carl, let me start with the Balance Sheet. Give indications on timing or anything else that maybe is left unanswered here . One of the questions regarding the Balance Sheet would be under what conditions will they back away from this plan . The fed wants to operate passively in the background. Under what conditions will the possiblyt boring and rejigger the plan. That is something we would be more inclined to hear about in the press conference. Shery one of the things that you cannot actually avoid is volatility. That people have not really priced that in yet. That the ecbhe doj said that when the doj started this quantitative easing process, it was kind of like an electromagnet and you have seen volatility drop considerably. I think that is an accurate assessment, because now a very large higher is acting out of our is backing out of the markets. What will hinge on the decision for them to raise rates again this year . It will depend on two things. We need evidence that this soft patc
Todays eye opener, your world in 90 seconds. Did anybody see that debate last night . One down, two to go. Both candidates declare debate victory. Almost every single poll had us winning the debate against crooked Hillary Clinton. Big league. Big league. Former israeli Prime Minister and presiden died. He was one of israels Founding Fathers and key political figure for more than five decades. We see flames get close, well head out. California, homes threatened by the growing wildfire. Crews are definitely trying to keep the fire under control. Just makes for a very challenging situation. 30yearold africanamerican male died following a Police Involved shooting in california. Object. Typhoon megi made landfall. Cat 5. It is a monster out there. Wells fargo ceo, john stumpf says hell forfeit 41 million. Elon musk is nothing if not a dreamer. Hes revealing details and a timeline to send humans to mars. A man proposes to his girlfriend but then drops his ring. Wait a minute, we got it yes a
Impacting traffic at all. Lets take a look at the roads with Demetria Demetria obilor southbound sunset is closed near the 215 interchange after a fatal crash. Avoid the area using jones instead. Northbound traffic is getting through. Theres also a wreck at rancho and us 95 up in the northwest. West coast, floods are hitting the central us. Michael Stevens several fires are burning in california this week, and parts of iowa are getting inundated with high water. Reid binion reports. christina schwabecher neighbor it is a really bad day for a fire. Reid binion multiple wildfires raging in california this week. christina schwabecher neighbor we all worry that the loma fire in the Santa Cruz Mountains reportedly burning upwards of twothousand acres so far. Destroying one home, threatening hundreds more. And forcing hundreds of evacuations some heeding the call. Chris Clark Santa Cruz co. Sheriff spokesman weve had a mix of folks that have decided to stay and some that have decided to leav
U. S. But europe playing catch up to yesterdays rally. The gains over there, about 1 . Pmis looked pretty good too. Oil settling back after rising 9 of the past 11 days. Tip years around 1. 91. The first rate hike shouldnt come until the second half of next year. The deal in delivery space. Fedex buying tnt express for 4. 8 billion. Thats a deal that u. P. S. Failed at just two years ago. We do have the ceo of fedex coming up in a couple of minutes. Speaking of deals, also the largest lbo of the year informatica taken private, 5. 3 billion. Samsung sees profits plunging 30 but still better than what the street was expecting, as apple ramps up the release of the apple watch coming in the next few weeks. First up fedex make ago move to boost its presence in europe. The company agreeing to acquire dutch Package Delivery firm tnt express for 4. 8. The deal comes two years after u. P. S. attempt was blocked by european regulators. Well talk with fedex chairman and ceo fred smith this hour.