Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. We cant figure out what tech stocks are worth look at appl
Does not end. Plus the secret of Silicon Valley company palantir will become the latest unicorn to go public this week. We will find out why 2020 is shaping up to be a banner year for new listings and thats despite the coronavirus pandemic. And tomorrow, the first president ial debate of the 2020 campaign. The fox bet ceo here to tell us how you can cash in on the political faceoff between President Trump and joe biden. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we start with Virgin Galactic reaching for the stars after two bullish calls. Bank of America Global Research initiated the Space Tourism firm with a buy and streethigh price target of 35 bucks. The stock is up more than 23 right now. Susquehanna with a positive rating. Definitely a stock to watch. From space to the air, Airline Stocks taking flight after American Airlines said it secured a 5. 5 billion government loan and it could tap an additional 2 billi
For drinking thousands of people reluctantly begin the move into a new less refugee camp. Was than saddam well thousands of people are holed up in just the comes for those displaced in the flooding ill be bringing you their stories on how they are coping. Are many run ins with the sports news including a new world record enough rhetorics swedish pole vaulter mondo dupont has broken so were going to close out the recalled she stood for 26 years. The World Health Organization has sounded the alarm bell over the rising rate of coronavirus. Mission across europe more than 300000 infections in the past 7 days weekly cases are now exceeding those reported when the pandemic peak that crossed the continent in march the w. H. O. Is urging countries not to cut quarantine periods warning the sacrifices made could be wasted here in britain the government has admitted Testing Capacity isnt satisfactory as more regions are sent into lockdown the reports from london. Newcastle northeast england a maj
Devastated from the coronavirus from being evicted from their homes. We have the details coming up for you. Americas biggest chip maker rolling out its latest chip sets. Code name, tiger lake. Intel ceo bob swan here to tell us how its going to help it maintain dominance in the microchip world. Plus we will introduce you to a company shaking up shakes. The cofounders are here to explain how the reopening of gyms around the nation can help boost sales of its plantbased protein shakes. Less than an hour to the closing bell, im Cheryl Casone in for liz claman today. Lets start the claman countdown. Cheryl lets make you smile. Smile direct club investors are grinning from ear to ear as the stock sets its biggest oneday percentage gain ever after executives bought up millions of dollars in shares and as the company pulled the plug on manufacturing, a manufacturing facility in texas. Right now the stock is up a little more than 25 . A record ride for peloton interactive, hitting another high
Report in the atlantic that says President Trump called wounded veterans losers we will talk to the Vice President , but lets talk more about the nasdaq with the tech selloff continuing. Some of the big names we follow closely, tesla is down after a 9 drop yesterday and today its down about 2 in premarket activity. The chip maker also about 9 yesterday and it also looks to open down by almost 4 today. That is free market activity as well. Zoom after a big day earlier in the week seeing major prophet taking in the last two days down almost 2 and apple surging on its stock split monday but then down another about 7 yesterday down to about one and a quarter in premarket activity after an 8 drop yesterday. We are less than two months until election day and joe biden is out and about. He made another. Dot this could be why the democrats want him to stay in the basement. We will play that a little later. We may hear from President Trump as he meets with leaders of serbia and kos about later