That could spark an ugly storm for investors in chinese stocks. Just back from asia, undersecretary of state for economic growth, keith crock, is here live to react. He will reveal the new weapon our government is using to counter chinas fastgrowing technological might. The deadliest day of the coronavirus pandemic, now at this hour has los angeles going into full lockdown mode. We are on the ground in l. A. As businesses shutter in realtime. From College Dropout to ceo, the youngest selfmade billionaire in the world with us live on the day his tech company goes public. Discussing the risks he took that triggered his laserlike rise to the top. First, we begin with a fox business alert. The tweet heard round the stock market with billions in Coronavirus Relief at stake. House speaker Nancy Pelosis deputy chief of staff just put out this tweet in the last hour and a half that used covid relief and as soon as possible in the same sentence. The tweet confirmed that the speaker and Senate L
See reporting live from Nationals Park in washington, washington, the site of game three of the world series with the hometown nationals leading the astros two games to none. They bring the world series to our nations capitol. It marks the first time the series has been played here in 86 years. Could be the first time this team has ever won it, the first victory for the city since the senators won the world series way back in 1924. In a moment i will speak with Ken Rosenthal from pox sports. First we begin with fox Business Team coverage of top stories on a friday. Gerri willis on the floor of the new york stock exchange. We have Edward Lawrence live at the white house. Susan li with the latest on Mark Zuckerbergs fireside chat. Grady trimble in chicago on the looming United Auto Workers decision but first, to the white house, a man who has a big nationals fan wishes he was here. Edward, first to you. Reporter that is true. Im very jealous of that assignment. You can see what the marke
Foundation capital and a vc vet. Good morning to you both. Good morning. Timothy, ill start with you. Looking across your coverage universe right now, how are you factoring in china trade talks, and are there names that you like in light of the potential for a partial deal we generally favor Communication Service companies and Cable Companies that dont have a lot of exposure to china and pricing is holding up very well microsoft probably has the most exposure of anybody. We think well come to a resolution here but microsoft is walking through a mine field. Paul, 24 more u. S. Entities put on the black list including eight pretty highprofile tech unicorns in china, moving beyond the talks longer term, does this represent a further entrenchment of this tech cold war were seeing between the two countries . If so, what then i think it represents a further entrenchment of a temporary war between the two countries thats been carried out by the Current Administration i dont know that this act
And facebooks nightwatch. How they are fighting fake news on facebook about facebook and paying tribute to game of thrones. But first, to our top story. While the world fixates on trade tensions, another dispute between beijings neighbors is weighing heavily on chipmakers. Japan slapped restrictions on exports to south korea of crucial materials needed to produce Semi Conductors and screens. Samsung slid nearly 3 monday. 5. 5 . Ix dropped together, they count for 60 of memory chip capacity. Analysts suggest the applications may go beyond chips , upsetting the Global Supply chain from everything from iphones to laptops. Joining me in the studio is bloombergs ian king. Why is this happening now . Word ood question question. It is something that goes back hundreds of years, you could argue, with japans colonization of korea. Korea are japan never made amends, japan says yes we did. This appears to have bubbled up into the tensions were seeing right now. Emily could it have anything to do
Keeping track of todays top stories. Gerri willis standing by there on the floor of the new york stock exchange. Jeff flock is out in milwaukee. Gerri, with the records being set, we start with you. So hard to keep up with all the information, right . The market is on fire. The dow on pace for a second Straight Record close. This is the third of 2019, led by united health, home dethe. These are the weekly winners. J j big headline, johnson johnson, the stock diving after we learned that the department of justice is pursuing a criminal investigation into the company there. The biggest dragger on the dow, shaving more than 40 points off the blue chip index. Big headline there, originally reported by bloomberg. Intraday the s p on fire, closing out at 3013 as you just said. On pace for the record straight close. It is 10th record close of the year. The markets are on fire. Everybody down here amazed at the performance. You have to love it. Nasdaq on pace for a record close as well as we c