Wallet. Well see that math. Fox Business Team coverage, Lauren Simonetti is watching the markets but well kick it off with blake burman who is at the white house as we await the president s remarks. Blake. Reporter melissa and connell, for the second day in a row the main event for the president will involve deregulation. Senior Administration Officials are not saying whether or not there will be a big policy announcement here. They will say, it is quoteunquote, victory lap. Here is the press secretary Kayleigh Mcenany from earlier today. The president reversed the disasterous overregulation of the obamabiden administration. Under President Trump 7 deregulatory actions have been taken for everyone new regulation. This amounted to 50 billion in regulatory cost savings. Reporter elsewhere today, some pretty eyepopping comments from attorney general bill barr as he unloaded on chinas ambitions and role u. S. Companies play in that company. Google, microsoft, apple, all have quote, been to
Edward lawrence will have airline news in a minute. But, lauren, we start with you. Lauren all right. Well the good news today, guys the rally we saw all day held into the close. Look at that, the dow up 1 1 2 . The nasdaq up 2. 1 . I will give you three Major Regions for the rally today, you touched on some of them. All 50 states eased their lockdown restrictions. The fed. We got the minutes. They are discussing ways to provide even more support to the economy. And tech, once again in the drivers seat. Take a look at amazon and facebook shares. They did hit record highs. Did they close at record highs . Facebook, yes that is a record high. Amazon, oh so close. Facebook though, they announced a new on line marketplace that can compete with amazon and others. That is why you see a 13dollar gain for the stock. Dow positive for the month of may. Nasdaq and s p 500, leadership was broad. Again it was in energy, financials and materials. Much of the power behind the rally that we saw on mon
At the Meat Processing plants and meat suppliers at the moment. Chicken and pork as well. These producers are losing a lot of steam here in this final hour of trade. Sanderson farms down 4. 6 . Tyson down 3 . You can see the rest here. The administration in the last hour did pledge 19 billion to support the nations ranchers and agricultural producers. 16 billion of the 19 billion will be in the form of direct payments but as we wait for the Cabinet Meeting to begin, let us bring in the ceo of restaurant brands, the parent of burger king, popeyes chicken, tim horton. Let me just apologize in advance because we will hop to the president as soon as he begins that Cabinet Meeting, jose, but you are live at one of your burger kings in miami, florida. Thank you for joining us. Your restaurants which number some 10,000, you guys sell a lot of meat and chicken. Give us your reaction to the news that 19 billion will go to the ranchers and agricultural farmers there, but not exactly to that midd
Ladies and gentlemen, the president of the United States. [applause] pres. Trump thahank you very much, everybody. So, welcome to our Cabinet Meeting. Every member of my cabinet is working tirelessly to defeat the invisible enemy that should have never happened to our country, should have never happened to the world. It is a disgrace. It could have been stopped at the source but they decided not to do that. We are going to safely reopen our country and our economy and it is happening very rapidly. Interestinglyg when numbers are actually going down. The state of florida, great job. You look at georgia, others, some are doing extremely well, far beyond what people thought. And the numbers are going down. The numbers we have been talking about for the last two months are going down. So it is really terrific. In our drive to crush the virus, the u. S. Has completed nearly 12 million tests, and that number today is almost 14 million. Nobody is close. Germany would be second with approximat
Director and get his take on democratic impeachment efforts as well. The rise of the robots. Nobody denies consequence, but what about the jobs, guest and essence of human life . We have a special segment you wont want to miss. The winners and losers of this week. That and more on making money. Charles new changes too the snap program formerly known as the Food Stamp Program will have work requirements. They are raising a lot of concerns how effective the Government Assistance Program will be if there is another economic downturn. The Trump Administration tightening requirements who receives food aid. The outrage is building. Some headlines out there today. Americans in cold weather states will suffer. 3 Million People could lose food stamps. Another actually calling it immoral and coldhearted. Here to break down the new plan is White House Budget Office acting director russ vought. Thank you for having me charles. Charles media says this is heartless and and cruel to the most vulnerab