Weekend. We starteddown early. We come all the way back as we look forward to a nation that is rebuilding and an economy reopening. Plus the next hot tech stocks, folks that are absolutely rocking. Well tell you what they are and how much more potential they have. All that and so much more on making money. Charles while we await the White House Press briefing protests are happening in new york city where businesses are trying to clean up from overnight riots, bracing against further looting. Fox businesss Kristina Partsinevelos is at union square where the protests are underway. Kristina. Reporter charles, im on the west side of union square and this is the sixth day where you have businesses awakening to just destroyed property. Im standing in front of a reebok store. Theyre putting wooden planks all around on plywood. The planks need to be 10 feet. What happened yesterday on several storefronts, i dont think we can call them protesters, they literally yanked down the plywood and brok
Market, one of the largest on the planet because after spike in case there is. This weighs on investors whether good or bad. What alters course of stocks, whatever is altering on the virus itself. Connell mcshane has joined us on that. Hey, con them . Reporter neil, were on pace to have the next relatively significant decline in the markets past three sessions. The virus news, youre right, rattles investors. Maybe a little politics as well. As the dow ask struggling staying above the 25,000 level. It has come down off the lows after being down 760 points earlier in the session. Only down 270 right now. The states on the spike front, big ones are getting a lot of attention. Florida, texas. Texas, as an example had three days in a row with record hospitalizations. Watch that you have more cases like arizona and arkansas and other states. You mentioned new york, which is epicenter of the outbreak here in the u. S. The Governor Andrew Cuomo did indeed threaten to reverse some reopening tha
[moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] [moment of silence] neil we have just completed what is one of the longest moments of silence ever recorded on the floor of the New York Stock Exchange, 8 minutes, 46 seconds to indicate aicers knee before he ultimately died two weeks ago. This being simultaneously recognized around the world as exchanges in towns, protests all stopped in their tracks to honor the victim who is now become a cause and a big cause at that. Already we heard from new York Governor Andrew Cuomo says hopes to move rapidly on legislation that will reform the Police Forces in the state of new york. There is a similar move afoot to do the same on the federal level. Some going so far as to advocate totally defundings Police Forces all together. They are a minority of the Progressive Movement but a powerful and vocal element within that call to change business as usual within
Take shape across the nation. This is a live picture that we can show you of an event being held right now in brooklyn, new york. As you can see, there are people with the microphone, there are people Wearing Masks and they are sort of social distancing and most importantly, it appears very peaceful. Isolated incidents of violence did mar largely peaceful protests all across the United States last night. Some businesses still struggling with that double whammy of damage from both looting and the enduring losses of the coronavirus pandemic. We will speak to one Business Owner who is desperately trying to cope. With so many people gathered so closely together in the middle of the coronavirus pandemic, will we still see a second wave of the deadly outbreak sooner than the fall . We will take you straight to the front lines. Dr. James gasparino works in the trenches at Brooklyn Hospital center. He will give us an update on what he believes will be a new coronavirus spike. And what he expec
The s p 500 and nasdaq did break a threeday winning streak, so closing both lower today. We got data on jobless claims. Really awful. It goes to show you that the wall street recovery since those march lows, up 40 as you just noted, melissa. It is really outpacing main streets recovery. If you look at continuing claims here topping 21 million, it suggests that employers have been slower to hire back furloughed workers. Lets talk about the retailers. It is a particularly painful time for them. Hit first by the pandemic and now damage from the protest although you wouldnt know that from some of the retailers stock performances were seeing today. Take a look at nordstrom. It is up almost 10 . I want to Pay Attention to the gap here. Higher today too ahead of earnings any minute now but they did get hit by a lawsuit, Simon Property group because they hadnt paid their rent. Also the nasdaq 100. It did touch an intraday record high. It has since pulled back as Big Tech Companies pulled back.