A row of losses for both the s p and the nasdaq. That is the longest losing streak weve seen there in seven months. So with all of that, a a lot to get through. A lot of angles. Fox Business Team coverage. Blake burman is at the white house. The president will be moving shortly we think. Gerri willis following the Market Action for us. Gerri, lets start with you. Reporter yeah, lets start right here. Yeah, big selloff today. Many, many, worries, stimulus, virus, political uncertainty. Money laundering among the banks a lot going on. Let me make you feel good about the selloff, originally the dow was down 942 points. Obviously correcting in the last few minutes in the afternoon, doing better indeed. That is good news. The s p flirted with correction territory. Didnt get there. So that is good news, finishing much better than expected. The nasdaq real turn around for the index down 14 point as after being down as much as 273 points. So it has been a major turn around for this market a hu
Remember all the talk about airbnb hitting hotels stocks theyre all at 52week highs well explain why this might be the undisruptable space. First, another record for the dow. It was by the classic american stock hitting new highs, boeing up 67 caterpillar 38 . Walmart up 24 , just dollars away from a fresh record how much further can these dow darlings run do you keep buying these classic american stocks even at record highs . Pete what do you think . I think some of these names, absolutely if theyve got the growth or if theyve got something within the Balance Sheet that makes sense to me. I was given flack about this one, it will continue to go up, boeing when you look at this name, we talk about the banks all the time, its a price versus book, right . Were always looking at these various ways of looking at things its not necessarily the pe value. With boeing you have to look at the operating cash flow. If you look at that for bowing, youre looking at a company thats 18 times, compare
Average. We had the big rally comeback rally and its been going sideways now. Its going to be 39 days today trading days when we have failed to see the dow move 1 up or down. Its happened again today. So as we kick off the month of september, kelly, after the postbrexit rally, we wonder if we get any volatility the month, right . Automakers are probably happy august is ending. Sales coming in weak. Well look at how long this downturn could last. Oil is hit today down more than 8 over the last week. But if you think its a buying opportunity, think again. We have somebody who says things are just going to get worse for the energy patch. Well, heres worse for you. Samsungs new phones are on fire. But not in a good way. We told you last week sales were much stronger than expected but issues are arising this week with reports of the batteries catching fire. Delays now in getting the phones in peoples hands. We have pictures and the impact coming up. Horrible, horrible timing with the iphone
Joining us now to discuss, liz macdonald, scott martin and mark madsen of madsen money. Thanks to all of you for joining us. It is staggering to me, if you werent in stocks you really lost out. Scott, what do you make of peoples perceptions out there. Their perceptions are usually wrong, melissa. That is the sad part. Look at some of the surveys, said the best time to invest in real estate was . 06, 07, and 08. We know how that story ended. Real estate provides great value and fund to own. Typically not a leveraged transaction. Youre typically on the hook for a lot more than you have to put down. What i dont like as advisor is liquidity trap. Real estate you have hard time to get out of. Real stocks, bonds, you can get out at certain time. You have to watch the lockup with real estate. Melissa emac, interesting people got burned by real estate and stock market at the same time. Thats right. Melissa yet they have lingering feel about stocks. If you got out of your 401 k or not in the ma