Developments and Governor Andrew Cuomo has been mentioning these developments. Now worry on the food side though. We heard that tyson foods is indefinitely suspending operations at that largest pork plant in south dakota and worries now, forget about whether you get pork or beef. Whether, if and when you get it. We could be looking at sharply higher prices because right now it is in short supply. Connell mcshane on the latest developments. Hey, connell. Reporter neil, we have widespread agreement whether it is governments or companies, about the economic damage being caused by this pandemic in the country where there are differences though is on the approach to how to reopen economies. Now, you mentioned, some of it is businesses versus government. Business us will make the own decision. Tyson is example of that. Suspension of these operations you mentioned is an indefinite suspension. The basic thing here. A lot of workers, so many calling in sick at that plant that tyson felt they ju
Warrant that level down sharply today we know you have all the analysis covered well try to get some rest tonight guys see you tomorrow morning thank you very much. Welcome to fast money, im Brian Sullivan and your traders on this very important night tonight are tim seymour and guy adami. Well get to that in a second. A record day on wall street, and for many a day to forget all three major averages plunging more than 7 . The dow the biggest loser, falling 2,013. That is not a misquote, thats the largest point drop ever in one of the top ten biggest decleanings on a percentage basis ever the transports crushed, falling nearly 0 , their worst day since all way back in september of 2001 on 9 11. Todays losses fueled by that crude crash we just discussed. The snrg sector having its worst day as well. Oil losing a quarter of its value, crude is trading below 31 a barrel many oil and gas stocks down 30 and 40 today. As the market assesses many of these companies ability to survive in a low
Warrens socialist policies. Highly destructive to your Retirement Plan so just watch out, on the show today. We will say the same thing about gamestop. The video Game Retailer down and almost out. You stream games these days, dont you . Dave busters, watch out. They predict a sales decline. Ouch, not good when we are spending more and more on eating out. The stocks way down. As for apple, the big news there is cheap streaming, 4. 99 a month and a cheaper phone, 700 for the new mass market iphone. Investors just shrugging it off. Yes, it is september 11th. 18 years on. We all remember. Varney company is about to begin. Stuart lets start with money. We are going to go up at the opening bell today. Futures are flat to slightly higher. Look, 44 up for the dow, 14 for the nasdaq. Do Pay Attention to the dows level, 26,938. That means its about, what, 400 points from the alltime high. Flat to slightly higher this morning. North Carolina Republican dan bishop wins the special house election.
Next year, the minimum salary of workers will increase by 35 . This is the result of the meeting of the Supreme Labor Council, which lasted until around 2 00 in the morning after several rounds. After the meeting, the minister of labor announced that in addition to this, 35 increase in the interest of aale menandi will also be added to the salary slip of married workers. The amount of salary increase. The other levels were also set at 22 plus a fixed figure. Based on this, the minimum salary of the workers in the coming year will be 117 thousand tomans. I would like one of the representatives of the Employer Group to come and write his opinion in the meetings. Determining the minimum wage for workers, the governments opinion , we do not have an opinion. A sitting employee gets one salary and a worker gets another salary. This is an offer that i must have an opinion on. Then this last year was the basis of your negotiations. You are approved to sign. We were against it. The government a
A lot of things going on at the index level, macrolevel. Look below the surface and there are some really interesting trends. 4. 88 . The reason for that, it has had to stop a kidney failure study that is being done early. That sounds like a bad thing. It is a fantastic thing, this thing is meeting all its goals early because of the success they are having with this drug which seems to be multiplying the number of things it can treat right now. Nova goes higher. If you are in the dialysis business, this is not good news. Down a little bit more earlier on. It is these kinds of clients that are providing some really interesting single stock opportunities right now. On the index level, we go nowhere. Alix something that hardly say, youre totally right and you can see that reflected here as well. Lets look under the hood for a second. Exxon is down by 4 , continuing to roll over here. Interestingly, one of the bestperforming stocks is caesars. You wouldnt think they would be doing so well