Notches a record close. We are up 162 points, much more than we needed. The s p up 15 points. The nasdaq up by 41. We are looking good right now. We will take all of this up with our floor show guys. Also coming up in just a few moments, weve got Philadelphia Fed president and ceo Patrick Parker who will sit down with Edward Lawrence to discuss his historic vote to change the feds inflation policies. The cleanup from hurricane laura in full force across the gulf coast as Power Companies work to turn the juice back on for folks down there. We are going to go live to lake charles, louisiana to get an update. And the one company is helping some of the biggest corporations in the nation return to work from the coronavirus pandemic in a safe and touchless manner. We will introduce you to the ceo of envoy. This is a fox business exclusive. Coming up, less than an hour to the closing bell and im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl well, forget apple. Forge
That is coming up next. I mentioned if the goldman shares soaring after reporting 93 revenue trading in the second quarter. The analyst call is underway. What are some of the highlights you can tell us . There is or uncertainty. David solomon did say violet has been very uncertain as far as outlook for reopening, he gave us expectations on what to expect. The expectations for the u. S. Have gotten better. For the globe, worse. This number is equates to a and more than 6 globally next year. If you think banks are undervalued now and you are seeing this type of expansion next year, you are in better shape. That uncertainty still exists. Goldman also gets credit for being able to improve their capital ratios closer to where the fed wants them to be. By selling off assets here and there, we saw a big insurance sale last week to kkr, and being able to offload assets such as leverage loans of the sword. Of the sort. Carol guy talk about the ratio, they have come up 13. 6. Does that mean inve
Table. Chris we will ask treasury secretary Steven Mnuchin about the economy and trillions more in government relief. Its a fox news someday exclusive. Then, as more states relax restrictions despite not meeting federal guidelines for reopeni reopening, we will discuss the challenges in flattening the curve with dr. Tom inglesby, director of the center for Health Security at Johns Hopkins university. And we are joined by Governor Mike Dewine to talk about how hes reopening ohio. Plus, former National Security advisor Michael Flynn pleaded guilty to lying to the fbi, so why is the government dropping its case against him . We will ask our sunday panel about the Justice Departments abrupt aboutface. And our power players of the week, a shout out to all the moms. All right now on fox news sunday. Chris hello again and happy mothers day from fox news in washington. For two months now weve seen the devastating effect of the coronavirus on this country, with more than 1. 3 million cases and
Fafr path forward as the company sets its sights on reopening. The groups president josh bolton will join us in a minute. Kelly. All right. Thanks very much we have all of these market angles covered bob is covering stocks for us. Steve digging into the jobless numbers and kayla on the latest from the white houses plan to reopen the economy lets start with bob on this choppy market session. Bob. Choppy. If you look at the s p, very narrow trading range look underneath the hood and youll see some sectors really doing very, very well and others getting beaten up pretty badly today. In fact, all throughout the week tech stocks are holding up well. Semiconductors have doing well nvidia is doing well microsoft has regained not quite but almost all of the losses it started with in february amazon and netflix all sitting 52 weeks high. Elsewhe elsewhere, look underneath the hood here. Energys horrible week industrials are having a tough week bang stocks are getting clobbered. We have earnings
No end in sight to the dissatisfaction on the streets. Abigail can the u. S. Continue its expansion in 2020 even if the fed stands fast . Experts examine indicators and offer insight. Fundamentals for the economy are good. There is potential slack out there. There is still a lot of people who could work. Im happy with where policy is at the moment. Abigail it is all straight ahead on bloomberg best. Hello and welcome. Im abigail doolittle. This is bloomberg best, your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. Lets start with a look at the top headlines. The final week of a volatile year for the Global Economy began with encouraging signals of a return to stability in china. Chinas Economic Performance improved in december for the first time in eight months with early indicators showing production in the worlds secondlargest economy accelerated as domestic demand stabilized and meanwhile, Chinas Central Bank h