Amazon apple and microsoft with a run clipped midday when the fed chair said he wasnt thinking about thinking about raising rates. Does zero forever, what does that mean for this rally at this point . Well, it means, you know, everybody said it so much splitting the at tom here. Weve very much gone the route of japan i think its absolute madness. I have no idea why he count hld have just said we remain data dependent and thats it. Ill say this, that to me seems to be the same autopilot today statement that he said back in october of 2018 on the other side that he got frikaseed for i think the fed and Central Banks globally are the main reason we are seeing this huge chasm between the have and have n nots when i heard that, i automatically thought, and maybe this is just my nature, that things must be really bad if hes saying that hes not thinking about thinking about raising rates, that were that far off from even contemplating that move. Well, yeah, it was a little mo more downbeat th
Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
We are then told that right after the tour, hes to deliver remarks. We will take you back there as soon as the speech begins. It all comes as the market sinks slightly after the Labor Department reported that nearly 39 million americans are now out of work. 39 million total. The bears holding the edge over the bulls right now as businesses do slowly come back online. Lockdown orders come to an end here and there, but for now, the dow jones industrials, s p and nasdaq are colored red. Dow is down 84 points. We have the s p down 18. The nasdaq lower by 63. So how then do you square the reopening of the u. S. Economy with worrisome news that millions of americans are falling behind on credit cards, mortgages and auto loans . We have one of the biggest fish in the wall street pond. Jpmorgan Asset Management chief global strategist david kelly is here to reveal the data he uses to cast his net for market winners and how deep he thinks the covid19 recession might just be. Despite the continu
Has a safe haven . Taylor i have been seeing that. You take a look at the companies with great free cash flow, balance sheets, expanding operating margins. You take a look at the nasdaq 100, or the big tech, today was the exception, but coming into this, six of the last seven days, the nasdaq really gaining. Faang today outperformed even though it was lower. I have heard that tech is providing a little bit of a defensive position when it comes to the health of the balance sheets. Apples another Company Really leading today. In the in six of the last seven days, apple has gained more than 1 in every day. Share, it to 350 per saying the iphone 12 could start the road to recovery. He is confident that the eye of the storm is now in the rearview mirror, at least from a demand and supply chain perspective. You are seeing apple, some of the other big tech stocks really leading on hope and optimism. Emily meantime, big news potential in the food delivery space. Ubermmond reporting that has ma
From the bloomberg terminal. Most improved player. President trump softens his criticism of Jerome Powell but the two disagree when it comes to negative rates. Traders price the fed going subzero early next yeek. Italy doubles down the government passes a much delayed 55 billion euro stem luis package but is it enough . Watch the b. P. Trade today. And america first. Or is it Americans First . Sanofi says the u. S. Will be first to get its Coronavirus Vaccine. It took the most risks in terms of investments. Well speak with germanys merck at 8 30 u. K. Too many. Were just an hour away from the start of cash trading in europe. Futures are pointing lower. 1 drops on the major equity indexes. Here you can see ftse futures a little bit worse than the continental indexes. Take a look also at the half percent or last drops that we see in u. S. Futures after big losses yesterday. U. S. Markets fell to a threeweek low and now were looking at a possible riskoff thursday as well. Anna . Actually