Us and Edward Lawrence in d. C. Grady, we heard from the president at the roundtable. Youre on the move from the outside. What is the latest from kenosha . Reporter a lot of supporters for the president were here this afternoon and got a glimpse of him as his motorcade went by. They largely thinned out, is a handful of protesters here in the park as well as at the courthouse. This is the backdrop to the president s visit today. He toured the damage, met with local Business Owners, several of whom lost everything in the rioting of last week. He also had that roundtable with Law Enforcement officials. He thanked them for their help. He offered help to other cities like portland and announced one Million Dollars to the Kenosha Police department and 42 million to Law Enforcement agencies across wisconsin. He praised them for their work here, getting a handle on the situation in kenosha. Listen. President trump these gentlemen did a fantastic job working with the federal government. It was
A substantial fall in secondquarter gdp. Raise to succeed shinzo abe heats up with a long time i lay set to announce his plans. Allys the a longtime set to announce his plans. Taking on the set up from markets this wednesday morning. We are seeing muted price action so far with futures edging higher. The nzx 50 adding 4 10 of a percent. This after the tech that the tech lead rally that saw the nasdaq pushed closer to 12,000. In australia, stocks may edge higher after the worst job worse drop in month. A decline was on positive building data. Checking in on the aussie dollar ahead of the Second Quarter gdp reports. Holding below 74 but still near a two your high. Offshore yuan holding a three year again. The value may test the pbocs tolerance. Check out the euro back below 120 after reaching that level for the first time in two years after the ecb member philip blaines remarks the level does matter from i terry policy. The dollar rebounded from a two year low. As u. S. Markets and tech
When you get Companies Like jp morgan, wells fargo up 2 , 3 . I pose this question back to liz ann sonders. Talk to me about the health of the consumer. I know that they dont like the extra low rates. , auto loans,s credit card rates at zero, to the banks then get some hope that they could lend to what is a healthy consumer . Liz ann they can still land. The question is the sustainability of the health of the consumer. There were great fears that we inld see a big rolling over consumption. The is probably because of savings cushion. That was maybe not quite accurate given what happened with the complete shutdown in the economy. 19 or so per that has been nearterm. I think that is on the assumption we get a phase four fiscal plan. The concern, during the period receivingloyed were the spending was significantly more in relative terms than the spending of the employed cohort. The move down in savings i dont think lasts in patootie, especially if we dont see improvement on the job games f
Good to see you, melissa, live today from jacksonville, florida. Florida, the final stop on our swing state tour, out speaking to voters here in the Sunshine State the earlier today, all of this as President Trump prepares to formally accept the gop nomination later tonight back in washington. So a lot to do on a busy thursday. Fox Business Team coverage for you. Blake burman and gerri willis to start us off. Blake, you get to go fifth from the north lawn of the white house. Reporter and we have a little bit of news as it relates to no deal at all whatsoever for a phase four relief package because the chief of staff, mark meadows, and the House Speaker, nancy pelosi, spoke this afternoon, and pelosi has just put out a statement saying, essentially, that the talks once again went nowhere. This was the comment from the House Speaker a little while ago. Quote the conversation made clear that the white house continues to disregard the needs of the American People as the Coronavirus Crisis
Tology is once again a right spot. Nasdaq gaining 30 points. Company is planning to unveil a series of subscription bundles with its iphones this fall. Apple inching closer to the true trillion dollar milestone. Fox Business Team coverage, blake burman at the white house. Edward lawrence is in washington. We begin with blake burman. Hi, there, blake. Reporter cheryl, democrats, republicans phase four deal, 2 1 2 trillion dollars give or take apart. President trump says the biggest hangup is a fraction of that. 2 1 2 billion dollars for mailin voting and 25 billion for the post office which is what the president wants. Here is the president speaking to Maria Bartiromo earlier this morning. President trump if we dont make the deal, that means they dont get the money. They just cant have mail in universal vogt. They cant have it. Sort of a crazy thing. Reporter democrats say right there, acknowledging not going forth with those funds would restrict access to some in upcoming president ial