Up about 11 points, now down 79. However, as the world inches closer and closer to reopening, the cruise industry may be more eager than any other. It is still weathering rough seas since the first covid19 cases showed up on its ships. In a fox business exclusive, Carnival Corporations Ceo Arnold Donald is here on how new bookings are coming in, when travel can restart, and how the cruise industry will forever be changed after it bids bon voyage to this awful pandemic. Dunkin brands hoping to get cooking once again as it reports a major sales dip. Ceo dave hoffman joins us live on why dunkin might bounce back more quickly than other food and coffee chains. And we are about to find out how amazon and apple performed in the middle of the coronavirus as we head into earnings after the bell. We are going to ask Consumer Technology associations ceo gary shapiro what lies ahead for tech titans. Plus, we have former barclays ceo bob diamond here to react to private equity getting cut out of t
Time to lessen the economic pain, which we are clearly suffering. Meanwhile, fox news has blown the lid off the china virus story. Reliable sources suggest the virus began at a virology lab in wuhan, china. Patient zero, the first person to get it, was a lab worker who went out into the city and spread the virus from there. Now, the chinese authorities covered it up. They delayed action. They altered data and suppressed doctors and journalists who reported the truth. The story is an indictment of china and the communist authorities. It will dramatically change the u. S. china relationship. Heres how the markets reacting to all of this. We got bad news on manufacturing in the philadelphia and new york area. We got a sharp drop in Housing Starts. And weve got those dreadful jobless numbers. But the dow is going to open on the upside, maybe up 90 points. Thats almost a half percentage point. Same story for the nasdaq and also, look at the nasdaq, actually, thats going to be up more than 1
Order. Without objection, the chair is authorized to declare a recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I now recognize myself for four minutes to give an Opening Statement. Id like to welcome back chairman powell. As i discussed earlier, and at our last hearing with you, i remain very concerned about the president s efforts to interfere with the feds independent Monetary Policy. A recent news story noted that trump has tweeted over 100 times about the fed since your nomination. Many of those tweets appear to be attempting to exercise pressure on the fed. Chairman powell, you and the fed board of governors must not be swayed by these aggressive tactics in upholding the feds independence you should be mindful of public perception. Of course, trump continues to try to claim credit for Economic Growth that was put in motion by the policies of president obama Congressional Democrats and the Federal Reserve, irresponsible tr
Pounce on the remarks an hour after he made them seems like a little bit of a leap here. It mixed into the selling sauce. The markets dont need to hear much to sell or trigger something. If they dont know what is happening on the fed front and certainly dont know what is happening on the virus front. As i often say they sell first ask questions later. Well see. Jackie deangelis on the new york stock exchange. With the dow down 265 points. An update. Jackie . Reporter were off session lows. It was interesting around 11 30 the market dropped the first 100 points. People were scratching their heads, asking if there were any headlines crossing the tape, what was causing this and there wasnt a clear explanation. When the second 100 point drop came, one gentleman said there were rumors floating around, chatter, that the markets were too complacent when it came to the coronavirus. There were concerns china is not forthright with all the information. Maybe the numbers are not accurate. Maybe t
Battle tested. Some people asking if amazon is a monopoly. The question for the widemocracy is, are we okath wione company essentially ingca talism . How do you and jeff think about the call to break yoguys up . Simply because the companys been successful doesnt mean its somehow too bi narrator now on frontline. Domination was very much the idea. Narrator amazon empire. Frontline is madeble by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support is provided by the john d. And catherine t. Macarthur foundation, committed to building a re jus verdant and peaceful world. And by the Ford Foundation g workth visionaries on the frontlines of social change worldwide. On addi support is provided by the abrams foundation, committed to excelle journalism. The park foundation, dedicated to heightening Public Awareness of critical issues. H the john aen glessner family trust. Supporting trustworthy journalism that informs