Of come night chinese . We have Monica Crowley coming up the deadly fires, how much of the carnage could have been avoided well have liz peek on that. And so much more on making money. Charles so far the markets have begun the week on a very solid footing after seven sessions of wild gyrations. The result though on fridays session might have been the basis for todays rebound. You have a couple wall street firms think the selling is over but for two different reasons. Goldman thinks the selloff hit a normal 7 pullback. Deutsche bank says the put call ratio about options have come back to a normal position. Either way the stocks are coming back with assist from positive news on the coronavirus front, then we have megamergers. Is the worst over . I want to bring in kevin kelly, moneymap e map chief investment strategist Shah Ghailani and Gibbs Wealth Management president erin gibbs. Let me start with you, erin. Is the worst over . I think the worst of multiday declines, 11 drop is over. H
Claims. 1. 3 million last week, and that is the 15th weekly decline, so the downtrend continues. However, 17 million are still unemployed and still collecting benefits. Ive got two big tech stories for you. First off, the twitter hack. Fake messages appeared from big name celebrities. It was a bitcoin scam. The important point is the hackers took over the platform and could have sent out messages to disrupt the market or the election or anything. They showed they could do it and that is a huge problem. Stocks way down. Second tech problem, the top court in europe will restrict the transfer of the personal data of europeans to american companies. They are worried about our surveillance of them. This could severely disrupt big tech operations and big tech stocks are down. While stocks generally are moving lower, especially those technology issues, the dow, we are looking at a minus 180 at the opening bell, down 21 for the s p and really, the nasdaq taking it on the chin. Again, technolog
Donors he would get rid of most of trumps tax cuts. That wouldnt be good for stock prices or your 401 k . Right now we see the dow losing maybe 90 points at the opening bell, 25,400. The s p will be down and the nasdaq is off about 20 points. No serious selloff at this point. But we do have dramatic stories breaking this morning. Overnight, a young black man, 16 years old, shot and killed in the seattle chop zone. Its the fourth shooting there in nine days. Democrat mayor durkin said the zone would be removed. It is still there. In new york city, the city votes on taking a billion dollars out of the budget the police budgets. Mayor deblasio calls it real redistribution. This follows a devastating blow, the citys 15 billion theater industry will stay closed until next year. The democrats trash the president and mt. Rushmore. A tweet from the dnc says the president will be quote, glorifying White Supremacy when he attends a fireworks display there on july fourth. But its okay. They took
A hair salon owner texas now faces seven days in jail, found in contempt of court yesterday for violate buildings an order to close a business. We got former trump 2016 Deputy Campaign manager david bossie on the outrage over that one. Venezuela arresting two americans on suspicion of plotting to try to overthrow communist dictator Nicolas Maduro. Update what is going on there. Retired fourstar general jack keane has the latest. House judiciary jim jordan demanding the fbi investigate corruption inside the fbi. Investigate former director james comey, his teams handling of the Michael Flynn case which experts, legal experts say it was botched. Does congressman jordan agree with flynns lawyer Sidney Powell that criminal charges should be filed here . Thanks for joining us. Im elizabeth mcdonald. The evening edit starts right now. Elizabeth lets start with our first guest, fox business exclusive, u. S. Treasury Department Assistant secretary for public affairs. We welcome back monica cro
Diploma for just 100 bucks. A beer company is trying to find out. All that and more on making money. Charles market is down today. Probably i think were in a position where we could drift for a while. Consider we have to digest a monster stock market rally. Were awaiting more information from earnings, the fed, of course the impact of the coronavirus. Apple today leading the dow lower after it says it wont meet the revenue forecasts in the next quarter this being exposed in twoways to the coronavirus outbreak. I want to bring in Phil Blancato along with Devine Capital ceo, dani hughes. Let me start with you. It is intriguing session to me. Were all kind of like, okay, it has been one heck of a ride with nasdaq up almost 9 coming into today and you need catalysts to keep it going but im kind of surprised were not down a little bit more. I am too, charles. I have to say i thought the coronavirus, specifically earnings, forwardlooking motion would be much more dramatic from a lot of these