The pain. He is here along with senator mike braun. China is firing back as the cold war between the two countries heat up but i continue to ask this one question. Is this big business silence same thing as collaborating with the enemy . Will big business join the fight . We have blockbuster panel to weigh in that. All and much more on making money. [. Charles its a down day for the markets which was not overdue, not sparking any real alarm. The rebound moved from erasing 20 20s losses to try to distance the fastest bear market in the history, now to the point where you want to broaden out winners if we are to keep this rally going. There are sufficient reasons for concern and near term valuation, coronavirus, long term growing debt and u. S. President ial elections but i got to tell you the s p and nasdaq higher for the year. The question will the dow join them soon . I have Fitzgerald Group principle, keith fitzgerald, David Nicholas and point view Wealth Management david dietze. I w
The heated rhetoric not helping the markets at all as we head into the final hour of trade. Neither did the weekly jobless claims number that came out this morning. It rose for the first time in 15 weeks. Then you have goldmans morning call that apple is bruised and should be tossed from your portfolio. Weve got red acheck it here. Dow down 341. S p down 38. The nasdaq down 227 points. This china situation, American Farmers dependent on selling their product to china, are bracing to be pawns once again. We will talk exclusively to a wisconsin soybean farmer about how his business was first affected since signing of the phase one trade deal and who knows whats going to happen to that phase. From massages to a whole different business of medical testing. How one chain flipped Business Plan to survi the covid crisis. Weve got the ceof express supspa group. They have the airport chains where you get massages. Hes here to tell us how hes pulling the 180 and offering covid tests. Its a fox b
From washington. Gerri, with the declines we start with you. Reporter thats right, jobless claims rising for the first time in 16 weeks. Stocks certainly didnt like it. The number above expectations and also above last week numbers. Also now these total numbers of claims in 18 weeks since those lockdowns started total 52 million. That is a third of the American Labor force. So you see these numbers disappointing. One bright spot, continuing claims. Tracking total number of unemployed workers receiving benefits, came in 870,000 less than expected. That is a bright spot. Even so all three major averages trading down. Nasdaq down more than two. Tectum blink big time. Apple, amazon trading lower. Microsoft had a good report yesterday but out with disappointing guidance still headed down. They say people are going into cyclical and value names. I will believe it when i see it on an ongoing basis. Tesla, planning to join the s p 500. That is ironic that stock being traded there. Gold, tesla,
This Church Steeple toppling over. Oh, my god. And power lines sparking an explosion with our reporter on the scene. The latest this morning. Battle over back to school. The video of a Georgia High School with packed hallways, some kids Wearing Masks, some not, drawing outrage from parents. In tennessee, multiple High School Football players testing positive. Mississippi now mandating face coverings for all students and teachers and a look this morning as australia imposes one of the strictest lockdowns on earth as a major city there faces a second wave. What it could mean for a second wave here in the u. S. Stars standing with ellen. Celebrity friends now coming to the defense of an embattled talk show host. This after those blockbuster allegations of a toxic Workplace Environment from staff. Crying foul. The wife of nfl star Matthew Stafford after her husbands false positive covid test. Why her family was harassed, she calls the last few days a nightmare. And a very special tell t. J
Coronavirus relief package, the white house dropped its demand for a payroll tax cut, which gop lawmakers had opposed, big divisions remain as Unemployment Benefits are set to expire next week for 20 million people. Meanwhile, democrats on capil hill are championing a 3li trillion plan that includes eight. Closer to home, governor gavin newsom announced on tuesday, california recorded more than 12,000 new conavirus cases, its highest daily total get, california now has the most se number of in the nation, surpassing new york. Joining us now by skype to discuss this, our political and government correspondent, marisa lagos. With us by skype from palm springs isscott shafer. So, lets start with the tu national p, i want to ask you, President Trump has canceled the Republican National convention that was to be held in jacksonville, citing that is was nothe right time to bring so many people together, he also this week started encouraging people toac wearmasks, politically, what is behind