China of sponsoring them. A long delayed Intelligence Report says the u. K. Government actively avoided investigating russian interference in the brics it referendum. 13 people held on a bus and ukraine walked free after the president agreed to the hostage takers demand to endorse an Animal Rights documentary. So the u. S. President donald trump has warned that the Creative Arts outbreak is likely to get worse before it gets better it is a mild to part from the optimistic picture hes projected so far even as cases continue to rise in many states trump was speaking it is merely resume daily Coronavirus Briefing thats the 1st since april and yes the public to wear masks and promise to deliver a vaccine as soon as possible the u. S. Is the worst affected country in the world with more than 141000 deaths and whatever 3800000 cases that join a virus is a vicious and dangerous illness but weve learned a great deal about it. And who it targets we are in the process of developing a strategy th
Gonna happen in the city. Be with my girl, shes so pretty. Lauren i think everybody has friday on their minds today. Welcome to fbn a. M. Im lauren simonetti. Cheryl glad its friday. That is for sure. What a week. Good morning, everyone. Im cheryl casone. Lauren you know what, the selling is not over yet. Take a look at how your money is moving this morning. Just to remind you, we had the biggest point declines ever yesterday, the dow and s p in correction territory. This morning, dow is down another 450 points, s p down 51, nasdaq down 165. Everybodys looking for the bottom of this market. Cheryl we had a major selloff in oil yesterday. Take a look at that right now. That selling is continuing. Look at oil right now, down almost 4 , again, the concern if youve got a global recession on your hands, you are going to see crude demand fall and that is what were seeing in that contract. Whats interesting here is gold is actually down about three quarters of a percent. We had seen gold risi
After a session where the dow and s p 500 have their worst single day point drop in history, what stocks make sense to buy in this new stay at homer ra that has been hammering the major averages, the dow plunging 1,191 point, the biggest point drop on record, the s p plummeting 4. 42 , and nasdaq nosediving 4. 61 . This is panic, okay this is what panic looks like. Particularly the last 45 minutes. We dont advocate panic because its not a strategy. You can have all the obvious defensive names. You can talk about the staples i can do that any day of the week, the stuff you need to stock up on when the outbreak sweeps through the country you buy stuff like this. The stock market seemed to be signaling in todays lows the last 45 minutes. I think the lows could be revisited. What the hell, the virus is a threeweek incubation period so well probably see more and more people getting sick people of course never went to china, which is always scary now, right we got the first one in Northern C
China. Of course, we are going to get that 9 30 a. M. Press conference. Stocks as you saw look to higher look to a higher open. Dont worry about china iphone weakness why one key Analyst Thinks apples china woes are overblown. And two big tech names are moving in opposite directions. Oracle is falling on a revenue miss adobe rallying on an earnings beat we got broadcom to get to, costco, number of earnings this morning. Lets start with the Broader Market investors are trying to digest conflicti ining headlines. The Chinese Commerce ministry set to hold a News Conference half an hour from now. And, jim, we dont have a heads up in terms of what theyre going to discuss whether or not were going to learn about their view as in, yes, were all in or not. Kayla tausche last night, basically, you dont know where we are it is in flux. At 5 00 a. M. It was x, at 7 00, it was that, 8 30, new view. But the one thing is certain, this story that made the rounds, that the president has put out that h
Despite it all, were close to record highs. Free speech is in the news. Nba commissioner, he stood up to china. They wanted the Houston Rockets general manager fired after he tweeted support for the hong kong protesters. Adam silver told them were not going to do that. Free speech item number two. Facebooks Mark Zuckerberg, he says hes not going to Police Political speech, and hes not going to ban Donald Trumps tweets, as Kamala Harris demanded. Big deal. Big show. Youre going to hear what the president had to say at his big rally last night. The brits, well, theyre on the brink. The brexit vote is hours away. And alec baldwin slams the demonization of wealth. What . Varney company, the very special friday edition, is about to begin. After decades of economic surrender, i have taken historic action to confront chinas rampant trading abuses and weve made great progress and our relationship with china is fantastic. But now were taking in billions of dollars. Theyve had the worst year the