Tiktok is said to be making contingency plans for a u. S. Shutdown, joining microsoft to challenge a bid from oracle. Australia winds up turning season like never before with a recession and record government stimulus. Lets get you started with a quick check of the markets. We are seeing u. S. Futures opening slightly higher. This as we had another record high in the u. S. With the s p 500 soaring for a fifth consecutive session. We have financial and real estate sectors being the biggest gains. We have banks benefiting. Treasury yields were higher. We had the yield curve widening. Powell chair jerome speaking at jackson hole, conveying a dovish and more relaxed approach. Higher yields leading to the dollar rebounding. U. S. Weekly jobless claims remaining above one million. Not to mention the economic gdp numbers contracting slightly less than forecasted due to oil prices looking like this. About 43 ag barrel. We had oil declining through the new york session as laura barreled into lo
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
[ sighs ] lemonis and the Company Still doesnt understand just how much trouble theyre in. The reason were going through this process is because youre being accused of fraud. If i cant help them face reality and find a way out of their jam. You sort of just make up numbers. David im not making up a number, so lets go back to lemonis youve made up numbers the whole time since i met you. This Cookie Company will crumble. Rachel [ voice breaking ] this is too much pressure. Lemonis my name is marcus lemonis, and i risk my own money to save struggling businesses. Were not gonna wake up every morning wondering if we have a job. Were gonna wake up every morning wondering how many jobs we have to do. Its not always pretty. Everythings gonna change. Everything. But i do it to save jobs, and i do it to make money. This. Lets go to work. Is the profit. Im headed to compton, california, to the manufacturing facility. And after watching her video application. Rachel hi. Im rachel galant, and im th
Blowouts record highs for apple and fable. Lets dig a little deeper. Amazon is built for a pandemic they typically pour money back into the business. They made a big bet on Online Grocery. Nay have been preparing for a shift in spending habits and it just so happens that occurred overnight. On the Earnings Call one analyst joked that does jeff bezos no how successful amazon is same store pick up, a number of whole food stores that can pick up deliveries on triple this quarter we are adapting and looking at something that changed and created things for the new vooirs, especially the entertainment area alphabet is more affected by the pandemic you can see the shares are under performing the other tech giants this morning you cant help but note that while amazon is known for groceries and advertising, they are smaller projects, they are still losing money lets bring a closer look at the quarters amazon getting a number of price targets at 4,000 that would apply a market yeah, it certainly
Permeate. It has largely been driven by the concern that we dont have a handle on the virus and we dont have a handle on a solution for this difficult situation we are now seeing involving washington. It doesnt seem to be at the moment a landing zone for the democrats and the republicans. They are significantly far apart. The fact that you heard such partisan briefing suggests we are no closer. Thender at some point markets will have to shift from focusing on the dollar to shifting to other Asset Classes as well. That has been something we have been watching very carefully over the last few days. We have been watching carefully what has been happening in europe. Offpean equities are sold because of the resurgence in the virus count. That doesnt make sense if you believe that we are going to see a story developing in the United States. We will try to get an assessment of what is happening with the economy throughout the program as we continue to watch what happens in the United States.