Chairman of the Federal Reserve Jerome Powell is right now explaining why his committee has left near zero rates untouched. Our fed panel is monitoring every single word of what he sees and says as far as stresses on the economic system. Speaking of stress, tensions are still running high from arizona to pennsylvania. This video just in as crowds form in two states, where the administration is launching vigorous challenges. All right, heres the current electoral picture vote. Weve got four states, the key to the presidency. Nevada, pennsylvania, georgia and north carolina. They are still up for grabs on the path to 270. Biden leading 264 to President Trumps 214. Weve got new numbers in nevada showing that joe bidens lead has expanded to 12,000 as team trump seeks legal action there. But keep your eye on the dow and on the markets here because weve got team fox business standing by with up to the minute developments inside both the trump and Biden Campaigns. Blake burman live at the whi
Yesterday, another record high how concerned should we be about our health and the health of the economy . And three full days until the president ial election. A live report from what could be a key county in the deciding of the election power lunch starts right now welcome to power lunch. Another down day for the market. It is the dow clearly outperforming the nasdaq three of the four tech giants reporting yesterday are lower right now. Apple, amazon, facebook, google in the green twitter off its low hitting a major roadblock today. Exxon and chevron under attack and underperforming. Are these stocks still worth investing in well get into all of that we begin with stocks closing out a bad week and a bad money bob pisani tracking the action for us good to see you its a tough end of the week and tough end to october look at these stats here were not closed yet but still pretty bad worst week since march 20th. Dows worst month since march. Its the second straight down much for stocks an
To the economy. Today my colleagues on the foc and i kept Interest Rates near zero and maintained her sizable asset purchases. These measures along with our strong guidance on Interest Rates on our Balance Sheet will ensure that Monetary Policy will continue to deliver powerful support to the economy until the recovery is complete. The path of the economy continues to depend sidibe drama course of the virus but a resurgence in recent months and covid19 cases hospitalizations and deaths is causing great hardship for millions of americans and displaying on economic and cavities. Following a short rebound of economic at tivoli last summer at the pace of their coverage is moderated in recent months with the week is concentrated in the sectors of the economy most affected by the resurgence of the virus by greater social distancing. Household spending on Services Remain low especially in sectors that require people to gather closely including travel and hospitality. Household spending on goo
Demand. Ryan, it is always a pleasure to talk to you. It was long in coming. Everyone asking, what are you going to buy . Tell us how you came up with this deal. It is great to be with you again today. We have been talking about the need for consolidation in business for quite some time. We need to put a Value Proposition together that offers investors a different way to think. We have done this with a transformative acquisition with concho resources. This brings in a bunch of lowcost supply resources government 23 billion barrels into the company. It is about a super strong Balance Sheet to manage the volatility we have seen in this business. It is about how you allocate capital for value, not for growth. It is distributions we were going to give back to the shareholder. It is about having a sustainable business. The deal takes an Energy Transition that we know is coming for our planet. Alix can you give us insight into how competitive it was . If you look at the Shell Companies that
This is boom bust the one business show you cant afford to miss in washington coming up lawmakers in the u. S. Are preparing a fresh round of hope and i think relief as the economy faces the greatest challenge in decades straight ahead were going to take a look at the state of stimulus talks and how the nation stacks up against others and later well break down the economic toll the pandemic has caused on businesses as the u. S. Has seen record at retail closures with a packed show today so lets dive right in. And we lead the program here in the United States is House Democrats have released a 2. 00 trillion dollar coronavirus alif package which they claim would restore 600. 00 weekly jobless benefits and provide another round of stimulus checks to. Most americans now the plan released monday evening is a last ditch effort to revive stalled stimulus talks with the white house Many Republican and democratic lawmakers have pushed for another round of economic stimulus for months but have