Join us. He talks about the dangers of big technical and the dire need for, yes, regulation power lunch starts right now hi, tyler. A whip saw market as washington continues to chase headlines from washington. Bob pisani has the latest on the moves. Do we have a stimulus pamann pacqui pacquiao package . No do we have an s p package . No the market believes the market will hold up well. We have new highs on target and costco and lbrands, believe it or not ande etsy has hit new highs recently fedex, some of the shippers, these are big Global Industrial companies that are continuing to hold up on hose thpes were goio eventually come out of this. I want to show you the industrials, xli here, that tells you the cyclical rally has some legs receipt now. This hasnt lasted often i dont want to go over my skis on this but u. S. Bank corp, highest levels, thats quite a move were seeing we go all the way back to the earlier part of the year to see levels higher th than that. So good news hopes fo
And 10 respectively snap announcing a new partnership to increase User Engagement and add revenue the cofounder will join us in a few minutes for an exclus iive interview. The dow is on track for its biggest drop since march bob has more on this sell off for us bob. The whole reopening story a little bit under debate right now. The important thing is, the reopening stocks the industrial, the fin tech names, the energy and oim names. All moving to the down side. Boeing is still up 24 this month even with this decline its been a monster. Jpmorgan, all banks, weak, caterpillar weak these stocks had very big moves. I want to show you the big etf movers today were getting double digit declines with some of these energy names the jets have become a super star down big today banks also weak and the pej which is a leisure sector very weak here. The reason were having this is because these were the sectors that moved up the most in the last month i want to show you, can you explain to anybody,
Out moments ago, saying we need tax cuts now to keep on growing. Will we see the tax bill by thanksgiving . The clock is ticking as republicans debate key issues including touching your 401 k . Will they or wont they . Kevin brady telling fox business, giving hints what we could see in the plan next week. Steve forbes gives his take. Things in spain are heating up catalonia declaring independence which spain is ignoring. A live look outside the parliament building, peaceful for the moment. Lets hope it stays that way. More on the issue coming next. Cheryl the dow ending the day, and well, the week higher. New record for the s p and the nasdaq. The dow is higher. We almost had the new record close. I hate those moments Nicole Petallides on floor of new york stock exchange. Were so close with this. It was all about earnings and technology. What a day. No doubt, cheryl. It has been exciting. We continue to see one record after another in all different shapes and forms. In this case as you
Charles ortell, the financial whistleblower who found major gaps in the Clinton Global Initiative record says there is cause for concern. He will explain. Stocks tumbling again today. Certainly closing off the lows of the session, but take a look at things in the dow 30 there. Am among the big losers. Phil flynn watching all the action such as it was in chicago. Oil and gold. Well talk to phil about them both at cme in a moment. Lori rothman on the floor of the new york stock exchange. We fought back towards the end, right, lori . Reporter we did, we did close off the lows of the session, connell. Whats telling is the vix, the volatility index, the market gauge of fear. It has been up six consecutive sessions, the vick slipped back half a point. A level at 20. If we had closed on the vix at highest levels weve seen today, the vix would have been at highest level since february 24th. That date is important, two days after the recent market low. Continued fear, continued uncertainty, you
Liz former secretary of state, senator celebrating achievement with bill clinton, daughter chelsea and family on stage in philadelphia, wrapping the dnc conventions with the scandals trying to put them in the Rearview Mirror but her republican opponent quick to remind everyone of those scandals the dncs problems and split in Democratic Party over Bernie Sanders. Donald trump virtually live tweeting. Weve got team fox business coverage peter barnes on the trail with hillary. Our Political Panel battling it out. How would she scare a pretty horrible Second Quarter growth number with her economic plan . On plan, on wall street, check it out. Messy oil trading and looming european stress test, investors cautious but the stock market is doing relatively well. Its friday, we made it, you guys. Lets start the countdown. Liz there is a lot of talk about chattering ceilings but the gdp did it today, can put a damper on the s p, the index hit lifetime high of 2175, at this hour looking for eight