Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances for health care workers, hospitals, that sort of thing. I stress that they have reached a broad parameters of a deal. It is not a deal until they both mutually agree. Were seeing progress on the front. That mitigated losses in the dow and offset the oil impact. Edward lawrence joins us now from washington with how this is all progressing. Hey, edward. Reporter neil, close, very close. That is how it is being described. As you said no deal, no ink to paper as it were for this deal. Republicans ini
President trump finally leaving the washington, d. C. , area today. Right now he is on Board Air Force one en route to Sky Harbor International in phoenix, arizona. Well bring us his arrival live as well as his visit to a Honeywell Aerospace facility now manufacturing n95 masks. Well have a live report. All that, a lot more coming up on making money. Cheryl some green on your screen. All major averages are higher right now. Dow is up by 348. Nasdaq up about 2 . S p up 1. 75 . Investors seemingly optimistic as more and more americans getting back to work with several states in phase one or soon phase two of reopening their economies. Optimism is growing from main street to wall street, even the price of oil is rising due to i cant believe it, higher demand. How is that for a story. Look at oil up almost 20 . Lets bring in bellpointe chief Market Strategist david nelson. David, start with this ol picture that ace Global Demand story. It is up 20 . What do you make of it . Were coming bac
The n95 mask. Will he or wont he sport one . Thats the least of our interest here. We will take you there as soon as it begins, because there may be some big news. As wall street looks at a second straight day of gains, investors are ignoring what we all know has been a pretty stunning economic slowdown. As american businesses, though, begin to crack the door open amid the coronavirus, will that bring fresh oxygen to u. S. Growth . Glenn hubbard is the dean emeritus at the columbia Business School. Hes here in a fox business exclusive. We will ask him when he thinks americas economic engine will begin to hum once again. And the buffett blowoff is still grounding the Airline Stocks. The major carriers, certainly. As the oryacle of omahas exit from the sector brings cloudy skies for major carriers, its opening a clear runway for private jet companies of all different kinds. Okay, dont roll your eyes until you hear what the membership fee is for setjet. The ceo, tom smith, is here in a fo
The dow futures down 448 points. Down almost 2 . S p better than 2 , nasdaq lower by 225. 2 and a half percent there as well. Strong showing in april despite losses yesterday, the dow, s p 500 posting largest monthly gain in 33 years for month of april. Oil prices are still down this morning sliding again, take a look, this morning more on the impact, low prices and decline in demand are having on big energy. Oil now 39 cents, better than 2 . I will be speaking this morning exxon mobile and chevron will be reporting and we will speak with the ceo of chevy robe coming up. Amazon with jump in sales but seeing profits fall as cost of doing business of the pandemic rises. Could post First Quarterly loss in 25 years. More bombshells, more unsealed documents reveal the fbi was moving to close the investigation of Michael Flynn back in january of 17 before agent peter strzok stepped in to say keep the case open. Flynns Attorney Sidney Powell will join me powell at 8 10 a. M. Eastern on the ef
Inspect a face mask production facility. Its a clear signal hes out and about for the first time in weeks. The markets like this. The opening up, that is. Look first at the price of oil. Th 23 a barrel. Thats because production has dropped sharply, limited supply and the likelihood of a pickup in demand as more businesses open up. The president just tweeting on that literally moments ago. Here it is. Oil prices moving up nicely as demand begins again. Thats the backtowork movement evident in the oil market. Stocks, they are going up, too. Reopening is popular with investors. Look at this. Lot of green, lefthand side of the screen. The dow is going to be up about 300. The s p up 36 and better than a 100 point gain for the nasdaq. Yeah, tuesday, may 5th, a positive tone today, if you ignore the everwhining media. Varney company is about to begin. Stuart lets get right at it. We will bring you an update on the reopening of the country. California and new york, both outlining their plans.