Lauren i know, it was a rough one. It is worst day since june. Take a look. There is the damage. The dow retreating from that 29,000 level. At one point it was down 1026 points. So i guess being down 810 is good news . The nasdaq and s p 500 also retreating from record closes. All 11 sectors in the red. Tech and consumer stocks hit the worst. The reason, look, guys, there is a lot. Uncertainty over timing of an effective vaccine. Profittaking ahead of a long holiday weekend. September really living up to its reputation as the worst month of the year historically. Let me show you what weighed the most on the Dow Jones Industrial average. Apple, sales force, microsoft. Along with amgen and home depot. Shaving some 400 points off the bluechip average. On nasdaq which snapped a fourday winning streak. Amd, nvidia, tesla, all of them are lockdown winners. Nvidia doubling this year. Tesla up almost 400 this year. After todays drop it is down 20 in the just the past three days. Were seeing mo
In washington, lets kick it off with blake. Reporter we are seeing a backtracking away from china in a couple different places across washington today. Lets start with what we first reported exclusively on foxbusiness. Com on monday evening which is that the white house part, President Trump and his top advisers wanted to see the federal Retirement Savings plan that relates the federal government workers not have any exposure whatsoever to chinese equities. There was a fund that was shifted, about 4. 5 billion into chinese equities, that was expected to go into play, the white house said they did not want that to happen wanted to answer by the end of business today, that fund responded to the white house and said that they will not be putting the nearly 5 billion worth of government Retirement Funds into a fund that has significant exposure to china. Thats a big win for President Trump in his own visors who thought not only there was a risk for the workers but a National Security risk
Highs today, down about 2 . Trading volumes are down for the dow, s p, and nasdaq. Remember, we have a short trading week next week because of the memorial day holiday. It will be time to take a breather and plenty of people will be doing that. S put of 11 groups in the 500 closing in the red. The exception, industrials. Boeing and raytheon. Fromng to keep the dow falling as much as, say, the s p and nasdaq. Andre seeing some buying some of the beaten up areas, including small caps. Lets bring back dennis to. Ushehr of evercore isi in terms of data, highfrequency data will be top of investors minds. We do get some housing numbers tomorrow and there is anecdotal evidence that there are a lot more people interested in moving out of cities, certainly in the tristate area. Parts of that, that part of the economy still continuing. What is your view in terms of housing and how that will play out . It is one of the good aspects of the pandemic, that we went into this with an extremely strong
A show of solidarity and american resolve, honoring all who are keeping this nation if moving forward through the Global Pandemic on the front lines of the battle in our health care and hospitals and clinics. Todays mission the first of several across the country planned for the next few weeks. Our thanks to the air force, the navy acrobatic teams and all they honored today, all the Great Health Care workers battling against this pandemic. President trump and his administration preparing for parts of the country to get back to work as soon as its safe to open for business. President trump today in the white house east room touted some of the success of the Small Business administrations paycheck protection program. That program, after having its funds replenished by congress, approving nearly half a million new forgivable loans worth 52 billion just since yesterday morning. President trump added the program has saved 30 million jobs and will help this countrys economy quickly, quickly
A show of solidarity and american resolve, honoring all who are keeping this nation if moving forward through the Global Pandemic on the front lines of the battle in our health care and hospitals and clinics. Todays mission the first of several across the country planned for the next few weeks. Our thanks to the air force, the navy acrobatic teams and all they honored today, all the Great Health Care workers battling against this pandemic. President trump and his administration preparing for parts of the country to get back to work as soon as its safe to open for business. President trump today in the white house east room touted some of the success of the Small Business administrations paycheck protection program. That program, after having its funds replenished by congress, approving nearly half a million new forgivable loans worth 52 billion just since yesterday morning. President trump added the program has saved 30 million jobs and will help this countrys economy quickly, quickly