Men arguing before congress that the country needs more stimulus money to battle the coronavirus. Wait until you hear who and which industries fed chair Jerome Powell and treasury secretary Steven Mnuchin say need it the most. We will have a live report from d. C. We are 90 minutes away from teslas ceo elon musks big reveal. It comes at his shareholder and battery day event. We have a bull bear debate ready on musks latest brainchild and his argument for the death of the internal combustion engine. Plus the one thing ceos never want to hear. Nelson peltz is on the line, the famed activist investor formerly taking aim at comcast, he thinks the Parent Company of nbc, peacock and universal, is undervalued. We are bringing in former ceo of at t broadband. The cable industry legend weighs in on that, whether sports on cable is dying and his latest spac investment. He was early on the spac train. Is it a National Security threat or just business . The confusion now swirling like a tornado ov
Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so g
Deutsche bank, jpmorgan chase, Standard Charter among the banking giants talking a brutal hit as an Investigative Reporter alleges they all laundered trillions of dollars for terrorists, oligarchs and drug kingpuns. This is great kingpins. This as the death of Justice Ginsburg throws a wrench into the 2020 race. Could it interrupt passage of new stimulus money that desperate americans and Small Businesses are waiting for . Mark the numbers, Dow Jones Industrials at its low was down 942 points, right now were down 743. The s p at this moment down 70. The nasdaq sinking deeper into correction territory, down 131 points. All right. The s p, by the way, or got close but no cigar to correction territory. I know my bull watchers out there are pretty happy about that. Weve got team fox business coverage to tackle it all. Dick boy say on bovey, phil flynn on the surprise sectors popping and blake burman at the white house on the stimulus prospects and the search for Ruth Bader Ginsburgs replac
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
The nasdaq is up second day in a row. That looks safe. First backtoback gains for the nasdaq in two weeks. We have that. Well have a lot more to cover with fox Business Team coverage. Susan li standing by in the new york newsroom. Well get to susan in a moment but we start with blake burman on what was very busy, important day at the white house. Blake . Reporter historic as well. I will keep this short. Were probably getting the president s comments shortly any moment from now. A historic day at the white house where the president of the United States was joined with the israeli Prime Minister with two leaders from arab nations to sign a peace deal. Israel and the United Arab Emirates and israel and bahrain. President trump said he believed there could be five, maybe even six more of these peace deals in the middle east in the works to come. The president suggested that this could be a domino effect saying that he ultimately believes it will lead to the biggest middle east deal of all