Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
Bill that will force Chinese Companies to follow the same accounting rules as u. S. Companies listed on u. S. Exchanges. The nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some Chinese Companies to list on nasdaq. I spoke with larry kudlow,ing the white house chief economic head, about this a hardline stance toward Chinese Companies as well as the white houses decision to halt money from the thrift fund going into Chinese Companies. Watch. The solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the Public Accounting board being another key. We cant ask military retirees to invest in Chinese Companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organization, china and the w. H. O. Were complicit. They lack
Example, will be especially strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. One place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. Just look at that. The new York Metro Area remains mostly in lockdown. Doesnt expect easing in the city apparently until the first half of june. Meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. Some Business Owners fearful that their livelihoods are being destroyed are openly defying orders saying theyll risk fines and imprisonment rather than keep their stores shuttered any longer. And we now have Important Information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. So were the draconian lockdowns actually even necessary .
Evidently investors like what they think they will see. 2. 1 million jobless claims reported about a half hour ago. That means 40,740,000 have been thrown out of work in the last ten weeks. Big number. Yet the economy is contracting at an annual rate now of 5 . Thats a big number. And orders for big ticket items absolutely plunged. Okay. Got all of that. But the dow jones average up nearly 1100 points in the last two days, going up again at the opening bell. Were looking at a gain of over 200 points right now for the dow, and the nasdaq is going to be down, down 80 points. That tells me big techs having another difficult day. Then we have the opening up movement. Its rolling on. Vegas and disney have dates for its partial reopening, but theyve got the dates for reopening soon. Boeing, theyre going to restart, wait for it, max jet production. Were not back to normal but we are clearly well into the reopening phase. Now this. Watch out, social media. The president s going to sign an exec
Pandemic. This week the Senate Passed a bill that will force Chinese Companies to follow the same accounting rules as u. S. Companies listed on u. S. Exchanges. The nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some Chinese Companies to list on nasdaq. I spoke with larry kudlow,ing the white house chief economic head, about this a hardline stance toward Chinese Companies as well as the white houses decision to halt money from the thrift fund going into Chinese Companies. Watch. The solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the Public Accounting board being another key. We cant ask military retirees to invest in Chinese Companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organization, china an