19 years, fears thing, fears now, im neil cavuto, lets get the very latest on the significance on this day, not on anyone who are alive and remember quite well those who lived on the new york metropolitan area and washington, d. C. Orienting still pennsylvania, hillary bond with the later on some very special visits today. Neil the president says 19 years ago today when the men and women on board united flight 93 charged the cockpit causing the plane to nosedive into a field here in shanksville pennsylvania, it was a show of courage by Everyday Americans that took down terrorist save in the u. S. Capital and also sent a message to the world, america ih fighting for and defending until the very last breath. Flight 93 did the most american of things, they took a vote and then they acted. Together they charged the cockpit, they confronted the pure evil and in their last act on this earth, they saved our capital in this pennsylvania field, the 40 intrepid souls of flight 93 died as true he
This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
What a big change, because at one point the dow, remember, was down 628 points. So this is really a different story. The nasdaq right now down 96 and the s p is down 11 points. The twoday selloff, by the way, in the nasdaq so severe this morning, it was actually within 25 points of correction territory. Since wednesdays record high of 12,056, the techheavy index is now down, as you can see right now, 103 points. Both snapping a fiveweek winning streak, the s p and the nasdaq. Were going to have our floor show trade thers ready with instant reaction for all of you. Now, the record selloff completely discounting a pretty positive august jobs report that showed an increase in 1. 37 million jobs with the Unemployment Rate dropping to 8. 4 . One company is helping to fill all those vacancies left behind by the coronavirus pandemic. Were going to introduce you to the ceo of shift pixie, helping big business find qualified workers in the gig economy. Plus, colleges struggling with infection r
Talk about a uturn, we had a swing from high to low, 875 points on the Dow Jones Industrial average and it closed at about 160. The nasdaq at one point down 582 and at the close the nasdaq is off of about 140 points. It is down maybe 702 days which is pretty intense and you can finally see the s p 500 down not even 8 or 28 points. Why the selloff, why the rally back, as for the cello question the wall street journal was reporting a jump in trading volumes and options that are linked to Technology Companies and as for the uturn major rent from the record that we had on wednesday and that mightve been overdone with that technology. Delete they come back mainly apple, it was down over 8 at the lot but in did hire a bit and it averted a threeday losing streak, other tech names, the work from home stuff, they did continue to get humbled suggesting that investors are betting on the economy reopening a little bit. Look at that down about 5 tod today, with the economy reopening you have airlin
Everywhere as more and more companies file for bankruptcy. A to analyst says a number of fla names could come out stronger. Later, what makes tiktok tick. An inside look that is dominatidominate ing social media as china is saying it would rather shut down the service in the u. S. Than succumb to a forced deal well tell you about that as power lunch starts right now thanks welcome to power lunch lets take a closer look at plarkts right now. You have industrials and materials leading the way higher in fact, materials is the only sector in the green this week. We havent talked a lot about that as a source of leadership tech that had been the leadership havent recovered from the steep sell off. The nasdaq still down about 11 from its record high its worst for a lot of the individual names docusign down from its 30 high. Tesla down 27 from its all time high apple is lower today apple is down about 20 from its high as well apple near a 3 decline. Tyler, back to you with can skinny stimulus