Dow hit its alltime high of 29,568, just 16 trading days later its down 3,400 points. Keep a little perspective here. Yeah, thats a big and rapid drop, but were not at this point in a bear market. We are going to open down 700 for the dow, 80 odd for the s p, 270 for the nasdaq. Its a friday. Remember that. Its important. There will be some reluctance to hold stocks over the weekend because you simply dont know what virus headlines will greet you come monday morning. Now, heres some positive news on the economy, which is having no effect on the market. 273,000 new jobs added last month. A blockbuster report. But that report looks backward. The stock market looks forward. Larry kudlow will be addressing this coming up on the show today. And we expect to hear from President Trump shortly. Last night at his town hall on fox, he had a calm demeanor and on the virus he said we have plans for every single possibility. The campaign trail. Elizabeth warren has not yet thrown her support behind
Our road map begins with the earnings deluge. The busiest day yet with 3m, comcast, dow crossing the tape plus, tesla shares tanking this morning despite record deliveries of its electric cars. The automaker did report a larger than expected loss. And max pressures southwest shares falling sharply ahead of the bell. Loves gary kelly will join us exclusively this hour. Stocks set to make new record highs with two big movers today. Tesla, a larger than expected loss for q2 margins down despite record deliveries of course, facebook beating on both the top and the bottom lines, but with that warning that growth will slow. Results include a 2 billion charge as part of the 5 billion settlement with the ftc as facebook resolves one probe, disclosing yet another, saying the ftc began an antitrust review in june, which is separate from the antitrust review of Big Tech Companies Just Launched by the doj theres plenty to choose from this morning, jim. Whats on your mind . I love the facebook call
Company survive . Well ask the question. Facebook is the teflon stock. Bad publicity, a 5 billion fine, an antitrust probe, not to worry. As long as it makes a ton of money and it still does, the stock stays strong. Teflon indeed. 207 this morning on facebook. Meanwhile, why dont you check your 401 k . Odds are youre looking at about a 30 gain since the election of donald j. Trump. The s p, nasdaq, they are at alltime record highs and the dow will go up another, what, 60 odd points at the opening bell today. Sit back, everybody. Watch your money grow. Its fun. Varney company is about to begin. Stuart we like to get right at it these days so take another look at that. President trumps Approval Rating on the economy remains near, very very close to an alltime high, 52 . Look whos here. Fox news contributor gary kaltbaum. All right, gary, that is a big number. How do you beat that in the election of 2020 when youre a socialist . If we get to november 3rd and the markets strong and were at
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