Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of American Business in less than five months . Hes got something to say about it. Hes on the show. Wednesday, augu
President trump meeting with Bank Executives right now at the white house about the state of the economy, amid the outbreak. Well bring you the president s comment from that meeting as soon as we have them. We have fox Business Team coverage. Jackie deangelis is on the floor of the new york stock exchange. Edward lawrence is outside of the west wing. Phil flynn watching action in oil and gold at the cme. Jackie, first to you. Reporter melissa, good afternoon to you, when i say the new normal expect the seesaw swings, it is not really an exaggeration. Tensions were high on the floor today, traders trying to internalize it, deal with it in the best way possible, basically saying until the virus peaks in this country and starts to fall off, you will not see an end to the volatility. Today a more than 1400 point loss. Session low was down 1689. The dow is now in bear market territory, in that bear market mode. As we said, not sure that wipes out the entire bull run but not a positive sign.
Want to show you the programs we have covered with the democratic president ial primary candidates. Politicians write book once policy issues or memoirs prior to launching a Political Campaign and well kick off with michael bennett. He has been a senator for colorado since 2009. He launched his president ial campaign in may of 2019, and his book, the land of flickering lights, came out in june of 2019. Heres a portion of his discussion from san francisco. Ben. You cant accept the way politics works in was and create a tour double seeings on climate. You cant fix Climate Change four years at a time. I dont think thats any way to regulate a Banking System or support education. But you certainly cant deal with climate that way, and thats why i think sort of as a definitional matter you cannot accept the current political align independent america and we have to build a coalition of americans outside of washington to overcome a broken washington. Thats what well have to do. That sounds rea
Introduce this guy here. Really special guy. Done me a lot of solids over the years and he appreciate it. Chris is a really interesting character. I wouldnt try this life at home but its worth knowing about. In addition to being a very decent guy, he is ode indicated to the hit and more than that, krist takes big bites out of the ass of life, and i think the ass . Yes, out of the ass of life. Heres a sampler. He has racked up college degrees, of course. He is traveled for 20 areas, during which he gutted salmon in alaska, taught english to bangkok 0 prostitutes, adult selfdefense to lan reform activists in mexico. Was involved in the diamond business in new york. I dont know how that fits in and i jut haese lan has been purchase in an undisclosed location where tributes are gathering and thats chris. Give him six months, Something Else will happen. He and his cowriter wrote sex at dawn, a pretty major work on human sexuality that taught us that prehistoric sex was pretty damn good and
A new special relationship, boris and trump, perfect together, maybe. Well see. Investors like it. Stock prices jumped when the brexit news came through. We backed off a little since, but the dow is still going to open up about 70 points, up 9 for the s p and up, what, 34 for the nasdaq. The market clearly ignoring the really toxic politics so clearly on display in washington, d. C. Ive got two stocks to focus on today. New tech netflix, old tech, ibm. They are going in opposite directions. Start with netflix. We were told they had to sign up seven million new subscribers. Well, they didnt. They missed. Yet the stock is going straight up. My point here is, beware the expectations game. Ibm, going straight down. Their turnaround is not going well. We will ask if this is the time for new leadership. On the calendar this morning, President Trump leaves d. C. , heads for texas. Hes leaving the place where nothing gets done and where impeachment is an obsession, and hes going to a place whe