Unemployment. Well talk with Eugene Scalia coming up. President trump is set to land at Kennedy Space center this very hour, to watch the historic spacex to become the first commercial company to send astronauts in orbit. We will have discussion with space should telecom mander. Chao. More and on making money. Charles the dow is leading the way all session long as reopening optimism is reflected in this what we call the market rotation, cyclical stocks are doing better as main street gains in the economy. Rotation is also the theme of the week. We saw some bonds into stocks be. Defensive stocks into cyclical stocks that just mentioned. Growth into value, about the big question is can overall value continue to rally as tech stocks head in the opposite direction . I want to bring in kaltbaum Capital Management president , fox business contributor gary kaltbaum. You love to tech stocks. Made a ton of money particularly in chips. Looks like theyre toppy at the moment. Are you moving out of
24,615. The s p gaining nearly 100 points right now. But you know what, moderna really gets a lot of credit here. Its just one, though, of dozens of Drug Developers working 24 7 on vaccines for covid19. Speed is of the essence and thats why they are turning to a publicly traded name of a highly Specialized Software Company Helping them put the pedal to the medal. The ceo is here in a fox business exclusive. As Jerome Powell prepares additional ammunition in the form of money to help the economy, could you hear the secret message he aimed squarely at congress and the president during his 60 minutes interview . We are about to decipher it for you. Speaking of president trump, as applications for jobless benefits soar, it is the Restaurant Industry that has already bled three million plus jobs. President trump meeting right now with Restaurant Owners and executives. He said he is going to take questions when he is done getting the roundabout from the table on whos who. We are going to tak
Keep their employees on staff, lenders were met with error messages and a frozen sba site. Former ubs america chairman and ceo robert wolf on how both banks and the government can salvage the reputational damage. We will get some numbers and bring them to you and of course, the president as well. We are one hour away from starbucks first, as we are calling it, covid Quarterly Earnings report. Board member clara shy on what investors can learn from starbucks china reopening plus how her company that she runs is helping major businesses, publicly traded companies, fix their biggest problem of the coronavirus crisis. Slow Response Time for their customers. And imax stock thrilling investors in this final hour. And charlie breaks it on who is breathing down banks necks now. Less than an hour to the closing bell, lets start the claman countdown. Liz all right. Breaking news. As i mentioned, we are waiting for the president to speak but we just got an important number, sort of a subset of nu
Attention on the show. The fact that the concentration of cases, still seems to be overwhelmingly in the new york city metropolitan area. That includes all five boroughs. Outside the Greater New York city area. Now that is not necessarily a shock. What tends to be here is the idea that when it comes to the number of new cases and the deaths it is about two out of three in both cases that come from the new york city metropolitan area. Why would i mention that . Because on the 15th of this month were going to see the state ease up on some of the stay at home provisions but that will be largely in upstate new york. So we are telegraphing from what he is saying, this is me making that leap, it certainly doesnt look like it would happen in the new york city area, particularly the concentration of these cases remains in the new york city area. Another footnote on these reports here, most have been at home. Most of these cases, indeed most of the deaths, they are older, they are more likely t
At 10. 01 per barrel. It did manage to scratch back about 126 of yesterdays 300 plus loss but energy has swamped the stock market over the past 48 hours, completely wiping out fridays 700 plus point gain for the Dow Jones Industrials. Right now we are looking at the dow swooning at the moment, down 562 points. Thats good for a 2. 33 loss. All three major indices are facing a second straight day in the red. Could a lifeboat arrive within just an hour or two . Word is congress is coming together as we speak to replenish the Small Business rescue plan with a fresh 310 billion round of loans. As some big banks, though, play favorites with the First Tranche of money, nontraditional lenders are fast gaining more respect. Weve got the chairman and ceo of one of them. He has already delivered 2 billion to Small Companies and is ready, willing and able to do it once again. Got to hear how hes doing it. And hollywood is on hold as the sopranos prequell sleeps with the fishes. Steph patt ernot is