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
Live this hour. Plus records watch, the plus ive got it, carl the dow aiming to erase 2020 losses and the s p heading for the best august since 1986, kelly. Wow and cocacolas restructuring strategies amid plans to streamline the drink portfolio they are setting voluntary job cuts for thousands of its workers. David, it is friday, and kelly, friday and you just sort of think back to what this week has brought us, guys alltime highs, obviously news in sports in the nba, hurricane laura, the rnc and we will hear from what the president said last night tiktok, microsoft, walmart, oracle, you name it, david, but large discussion this morning about how the thing thats going to probably stick with us for the weeks and quarters to come is going to be that historic powell speech and we will have to decide whether this long end is bringing us noise or something more yeah, i mean, im glad kelly is here because im sure she was home studying every word after it took place, as you know, not my area
A simulcast, bloomberg radio, sirius xm jenna 119. Good morning, semper this go. Good morning, san francisco. On television, worldwide and in london with anna edwards, we say good morning as well. Of marketd set discussions today. Weve almost pushed aside that in 30 minutes in america, it will be the Economic Data point of the week to see if we see continued improvement in the labor economy from the depths of march. Anna anna absolutely. Such a flexible economy, and not the same way as many of the economies here in europe. We seem big moves in these claims numbers, and as we start to see unemployment come down, where will it level off . Thats got to be one of the key questions as we had into the fall. Tom mark zandi joining bloomberg surveillance, the great moodys economist, and he said the Unemployment Rate in america is not 10 . It is somewhere around 14 . Data 12,ly, the yields come in. A virusou to give us update in europe. Mi correct that if you go to paris, you have to quarantine
Jonathan ferro and Lisa Abramovitz are off today. Joining us today is anna edwards from a simulcast. Dow futures up 62. All the politics in america. Milwaukee in a virtual convention. David westin leading our coverage on that. What i find absolutely interesting and i think london has done a better job of this is the shutting down of our economies. Our coverage of the tourism in , all the beaches in the summer, how shutdown is london . Anymore, all that much it has opened up, in theory. This is a services economy, and plenty of people, including myself, are working from home. In terms of the shut down, we have lifted a lot of the lockdown measures that had been in place. What is on my mind from a market nightclubs and aviation. Those are really driving sentiment across the european continent when it comes to our freedom of movement. It is being eroded, perhaps rightly, because of the virus. That is not good for nightlife or the aviation stocks we see under pressure. Tom we have been wat
The democrats a multitrillion dollar socialist manifesto. Jonathan it is going to be a mess. Republicans negotiating with themselves, simultaneously negotiating with democrats. Tom its got to get to the end of july here. Kevin cirilli, we will talk to him through the morning, but the calendar urgency here is extraordinary. Jonathan as this week grows older, this week its a whole lot busier. Lisa we are heading into the fed meeting today. At 10 00 a. M. , we get Consumer Confidence data for july. Very interested to see how much this has been affected by the end in pandemic cases across the country. Starbuckst, visa and reporting earnings. 10 of s p stocks report results today for the second quarter, another eight percent tomorrow, 12 on thursday, so a big earnings week. , hashing out the stimulus. I am really interested in the mechanics of it. Shifting to the house, demanded to take that 200 of additional stimulus the republicans are proposing and adding on the prorated aspect they are