Fox news sunday host Chris Wallace pulls back the curtain on d. C. Spending, plus his heartstopping new book count down 1945. And worries about a second wave of the pandemic persist as the black lives Matter Movement charges ahead. The man who checks all the boxes when it comes to this multiple layered intersection, dr. Wayne frederick, not only the president of Howard University but also a surgeon who is uniquely qualified to put it all into perspective. Its a fox business exclusive. What do movie star arnold schwarzenegger, billionaire Warren Buffett and Marvel Super Hero creator stan lee all have in common . They are all part of a new channel for toddlers and tweens Just Launched by Genius Brands. With its stock making an absolute moonshot, geniuss ceo is here in a fox business exclusive on what some are calling the nickelodeon killer. Plus, ebay executives send a bloody pig mask to critics . Making money on Real Estate Investment stocks that dont get freezer burned from the retail
Today. With the dow jones average skyrocketing 530 points, s p 1. 32, nasdaq 1. 72, one point before more saber rattling with china. All sorts of beaten down stocks, though, were higher. While the covid19 winners, well, they got slammed theres just one tiny problem with this action we dont actually have a vaccine. Does that mean the stock market is getting ahead of itself lets unpack the issue first this rally is based not just on hopes of a vaccine but a firm belief that the whole virus problem isnt nearly as dire as we thought a lot of people feel it has been blown out of proportion by the media, and the president s right, the people feel the president s right when he says we should open up everything betting on a vaccine makes sense. Since the beginning of the pandemic they warned us a vaccine would take a long time the fastest was the mumps which took four years. Every day were bombarded about another attempt to end this nightmare. Today we heard merck is working on a Magic Technol
Yes look, theres no doubt about it, as becky said, things are better after than before. Skeptics will say you cant ramp up this rna. Moderna has been saying they can do 800 million to 600 million to 900 million vaccines, and i think therefore the move in the dow and the move in moderna makes sense. Do i want to chase moderna no do i feel like things are better its hard to believe that anybody could do this this fast, except for moderna i want to caution people, they have never really done anything. This is a very, very big deal. But there are people scientists i talked to this morning who say look, so far so good thats much different from the way i felt on saturday when i learned that the oxford test that everyone was so excited about did nothing. So this is not on prime mateates is on humans if youre negative on the market, you have to rethink. People will say we have to buy value. Autos are pumping. This is good news. You dont think its a sell and stay at home kind of stocks day . I
Should dow gaining 22 points. S p advancing 1 nasdaq 1. 2 the truth is there is a lot of rot underneath and many investors are in denial about how bad things can be for some of the weaker players out there. The ones actually involved with the economy, the ones that dont have bullet proof Balance Sheets consider this weekend Warren Buffett presided over a somber annual meeting instead of festive investing. We had an older gentleman with brilliant answers followed by questions with becky quick tell you to stick with it. This time he wasnt bullish by any stretch of the imagination last week i told you it was time to start doing some selling. I still think thats the right call without a big bounce in the bottom the Charitable Trust was selling heavily at the end of the week go to actionalerts. Com Conference Call this thursday. I have to defend losers tyson foods which we bought for the trust when the trade war with china ended because they had a pork shortage. I always say its better to b
Hour with our Investment Committee today. They are our committee let oos get a check lets get a check on the market. Stocks are marching higher we are right near session highs. Lets take a look at what exactly is driving things and for that, well start with josh brown because youre in the box right next to me right now what can you make of what this jobs report told us and why does the market continue to rally given the fact the economic prospects may be so dim . Im pretty comfortable saying this is the worst monthly jobs report any of you watching will ever see for as long as you live this is it this is the ugliest youll see we have lost 20 million jobs the all time record was two million jobs after world war ii and the worst we saw during the great financial recession a generation ago was 800,000 in a month. Youre not going to see this again. I think whats important to point out and i want to be delicate in the way i say this wall street is coming around to the fact that for the most