Charles it is the Great American comeback. On november 26th, 2018 General Motors announced the closing of its lordstown, ohio, plant. A devastating blow to hardworking americans right before christmas. Politicians promised to step up but there was skepticism. Not anymore. Lordstown motors is showcasing the 2021 endurance electric pickup truck to President Trump at the white house. The company is reporting 40,000 preorders for the new truck so far, it is working towards becoming a publiclytraded company, making this story even greater, the truck produced in that old lordstown plant that gm closed down, something that did not escape the president. President trump the area was devastated when General Motors moved out and then we worked together and we made the deal on the plant but beyond the plant, i mean its incredible what happened to the area. Its booming now. It is absolutely booming and really great. You also have room for expansion in that plant. Oh, yeah. Well come out with multip
Detention they are playing out within markets. Time now for todays top market moving news from washington and new york. We want to begin in washington, where President Trump extended his National Warning for social distancing in the United States until the end of april, abandoning his easter goal. Pres. Trump we can expect that by june 1, we will be well on our way to recovery. We think by june 1, a lot of great things will be happening. That was aspirational when i said easter. I said it would be great if we could do it by easter. Alix joining me from washington is kevin cirilli. What did we learn in terms of how the government is looking at the lockdown in the u. S. . Kevin President Trump has significantly backed off the claim that he would be able to get life back to normal by easter, now making that marker june 1. Thatresident pushing back timetable to june 1. Over the weekend, talking with sources, i can tell you that the conversation around the next form of economic stimulus wou
Stocks are struggling at this hour, as you see there. Two out of three in the red. But not by very much the s p and nasdaq just negative the dow giving up much of its gains. Still on track for its best month since october 2015 check out beyond meat. Every day, we like to check out beyond meat. The stock in the red theres a little pun for you the red beyond meat. For the fifth straight day down 17 over the past week. There you see it, down 16 and change kelly over to you. We begin in d. C. Today, and President Trump targeting iran with more sanctions. Ameamon javers has the latest. Thats right. The white house announced the sanctions which came officially from the treasury department, designating eight officials in the Iranian Military with these sanctions. The president in the oval office today called reporters in unexpectedly, announced the sanctions, and he was asked what his message is for irans Supreme Leader heres what he said. My only message is he has the potential to have a gre
In the green, dow up 185 points earlier. Seventh straight day of gains. Hanging in the balance up by 16 points and up by 8 and energy and communication services, best performing sectors at this hour happening right now in washington, the House Judiciary Committee holding a hearing on the dominance of big tech. Ylan mui with that story for us. Ylan reporter this is the first of the antitrust investigation. How far will they go i spoke earlier today with the chairman of the House Democratic caucus of new york and he told me that subpoenas are not off the table. To the extent that we dont receive full and comprehensive cooperation from the big tech companies, then the subpoenas are one tool at our disposal that we may be compelled to use. Reporter but a word of caution from the ranking republican on the committee, congressman doug collins will say in the hearing today that big is not necessarily bad and proposals to break up big tech risk throwing the baby out with the bath water so the h
Platforms and stanley weighing in on ai well break that all down in just a moment. Plus the future of the ad space. Why amazons approach to retail media could redefine advertising. First, a check on the markets. All three indexes up slightly with the dow higher right now by. 03, thats 13 points s p higher by 5 points nasdaq moving tore way by a little down 10 points. Down big is disney after its results. Streaming showing some improvement, the companys Digital Strategy may be helping out here. Plus, telehealth plat tomorrow hims and hers higher after reporting Strong Revenue guidance. Wow and on the tech front, palantir down big after reporting weaker than expected guidance, down 15 . Well hit that name in threestock lunch further ahead. Speaking of tech, a new law aiming to hold tech firms accountable for online child abuse. Emily wilkins has more emily . Reporter hey, tyler. Yeah, President Biden is expected to sign a bill very soon that would hold Big Tech Companies more accountable