From washington. Gerri, with the declines we start with you. Reporter thats right, jobless claims rising for the first time in 16 weeks. Stocks certainly didnt like it. The number above expectations and also above last week numbers. Also now these total numbers of claims in 18 weeks since those lockdowns started total 52 million. That is a third of the American Labor force. So you see these numbers disappointing. One bright spot, continuing claims. Tracking total number of unemployed workers receiving benefits, came in 870,000 less than expected. That is a bright spot. Even so all three major averages trading down. Nasdaq down more than two. Tectum blink big time. Apple, amazon trading lower. Microsoft had a good report yesterday but out with disappointing guidance still headed down. They say people are going into cyclical and value names. I will believe it when i see it on an ongoing basis. Tesla, planning to join the s p 500. That is ironic that stock being traded there. Gold, tesla,
Breaking details out of those very offices where the meetings happening. The deadly pandemic exposing a major need not just for relief, but for Contactless Payments and an economy dependent nowadays on digital retail. The ceo of Global Payments is here on his companys blockbuster new tieup with the king of online retail. That would be, of course, amazon. Frightening news from royal caribbean. Suspending voyages through halloween but weve got the celebrity chef who cut his teeth and ingredients on the high seas. Find out how Food Network Star Robert Irvine known for his brutal british edge, how hes opening his heart to help restaurants do the impossible right now. That is to stay afloat and reopen safely. Its a fox business exclusive. Hes here live. Is microsofts tiktok tango still dancing to the merger music . And that damage from yesterdays storm, it almost hit my house. We will show that to you. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news
Row. Weve got fox Business Team coverage. Blake burman at the white house. Hillary vaughn and Edward Lawrence in washington. Well start with blake. The latest on reaching a deal for covid19 relief. Blake. Reporter hi, jackie. Every afternoon around this time we say there is another big meeting up on capitol hill. Let me start by saying there is another big meeting up on capitol hill. Treasury secretary steve mnuchin, white house chief of staff mark meadows are negotiating with the top two democrats Chuck Schumer and nancy pelosi. Walking into the meeting mnuchin and meadows were quote, unquote, hopeful. According to sources im told during yesterdays meeting, those two, mnuchin and meadows impressed upon schumer and pelosi if there is not significant progress in the upcoming days, that could increase the possibility that President Trump would go ahead and use executive action. That is why one source described the meeting that is taking place up on the hill right now as quote, unquote, b
Tech names may be beneficiaries of a decision the United Kingdom has made when it comes to huawei and 5g. But wait a minute. The big banks did send up some warning flares in their quarterly reports on this first day of Second Quarter earnings season. Why are the biggest names in finance fast inflating their Rainy Day Funds . What do they see that you might not . Our floor show traders are on it. They will shine a light on it and explain. Just as teslas stock bubbles even higher, here comes a potential pin to pop it. Fisk fiskers uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. Founder, chairman and ceo lhenrk fisker is here on his unique route to the New York Stock Exchange, taking on elon musk and yes, he will explain what california mode is. Pretty cool. From california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the c
Washington. Actually did we lose ashley as i was telling him to wake up. He was telling us about the markets being up for the day. It was quite a finish. Very funny moment. With the dow ending up by 558 points on the day. Were up throughout and we really had a strong move into the finish. As liz claman was talking about it, it didnt necessarily happen on news but happened nonetheless. Back to ashley we hope in a moment. Blake burman in the white house waiting for that News Conference from President Trump i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewher