A row of losses for both the s p and the nasdaq. That is the longest losing streak weve seen there in seven months. So with all of that, a a lot to get through. A lot of angles. Fox Business Team coverage. Blake burman is at the white house. The president will be moving shortly we think. Gerri willis following the Market Action for us. Gerri, lets start with you. Reporter yeah, lets start right here. Yeah, big selloff today. Many, many, worries, stimulus, virus, political uncertainty. Money laundering among the banks a lot going on. Let me make you feel good about the selloff, originally the dow was down 942 points. Obviously correcting in the last few minutes in the afternoon, doing better indeed. That is good news. The s p flirted with correction territory. Didnt get there. So that is good news, finishing much better than expected. The nasdaq real turn around for the index down 14 point as after being down as much as 273 points. So it has been a major turn around for this market a hu
Virus by moving south to floridas beaches now find themselves in the same pandemic fight nightmare, only worse. We are going inside the economics state of the covid states, from mortgage lending to savings with the ceo of the bank that has footprints in four of the nations worst hit states. And as the coronavirus outbreak hitting the Miami Marlins expands at this hour, americas top Infectious Disease expert, dr. Anthony fauci, says play ball. But he does warn if it worsens, the season could be in peril. Coming up, enter new York Governor Andrew Cuomo, who has just tossed a lifeline to Major League Baseball. What hes offering to the entire league, what the nfl can learn from mlbs errors and how gambling stocks are caught in the middle of it all. And could this be instacarts Worst Nightmare . We have an inside look for you at the smart cart thats looking to steal some of the grocery delivery giants thunder and its contact list. You got to see this. Plus, gather round the children for the
And clean energy investment. Then almost simultaneously, President Trump is about to sign an executive order to promote hispanic prosperity. We are monitoring both events. We will take you to the rose garden for President Trumps event and we will see whether he addresses todays Dramatic Supreme Court ruling that could allow state district attorneys to access his tax records. That ruling does have a distinct connection to Business News and stocks. Take a look at the dow intraday. It tumbled to session lows just after 10 00 a. M. Eastern, immediately after the Supreme Court justices rejected the president s claim of immunity in a new york state criminal investigation. Congress cannot look at the tax filings, but it does appear that there can be now subpoenas on state efforts. The dow, though, now is down 285 points. The s p lower by 10. The nasdaq, any gain today, folks, means a second straight close. We are well above any gain. We are up 67 points. Now, paired with firsttime jobless cla
Its down 207 but the russell 2000 has the biggest percentage loss. The small and midcaps are getting creamed, down about 3 right now for the russell. Powell tying an economic recovery to a Covid Vaccine and therapies that can cure horrific symptoms including a disturbing new lifethreatening clotting disorder like the blood clots that cost a broadway star his leg. Enter the biopharma ceo mike sherman, here in a fox business exclusive on his new anticlotting covid drug thats on the fda fast track. Boy, are they moving fast. Plus as the covid outbreak destroys huge retail names, its actually bringing back one from a near coma, at least the stock. Speaking of stock, its overstock. Com, not just alive but actually thriving with triple digit sales increases. Overstock ceo Jonathan Johnson here in a fox business exclusive on the steps hes taken to fill a leadership vacuum left by the controversial former ceo, patrick byrne, and the problems of coronavirus. Plus bring on the quarantinis. Alcoh
Face masks in public if you are able to, wisconsin was in a pretty good place in the battle against covid19. We have reached most all of our criteria. On monday, we opened up 14,000 Small Businesses across the state, putting potentially 90,000 folks back to work. But despite that good work across the state, banding together and stayed safe, republican legislatures have convinced four that are Supreme Court justices to throw our state into chaos. When the last night Tavern League of wisconsin urged its members to open back up, and people flooded to bars across the state. Instead of a comprehensive statewide approach to keep people safe, we are seeing new disabilities we are seeing municipalities across the state chart their own course. If you owned businesses in multiple locations or have employees who live in a Different Community than the one they work in, things are going to get very confusing very fast. Even with all of this chaos, we cannot let the court ruling undo all of the work