Upping its offer for an aid package to 1. 8 trillion, President Trump tweeting go big a positive development on the covid treatment. Gileads treatment helps infected people recover five days faster than average and tech stocks are outperforming as a massive deal is in the work the week capping it off with a bang. Absolutely. The russell 2000 is up 6. 4 for the week the dow is currently positive for the year as a whole, just. Lets get to the stimulus news in washington and the reaction to it. Bob basketball has a look inside the market rally ylan moi, and Dana Peterson from the Conference Board bob, lets start with you on this very nice end to a strong week. Good news and bad news, will. Good news is, s p is up about 3 on the month the bad news is i am seeing a little bit of an inversion of the stimulus play today. Thats concerning if you are a believer in stimulus remember the stimulus play, bicyclicals materials and banks and industry and energy and go light on technology. That was wo
Higher, by 18. In fact the dow and s p 500 scoring the third day of gains yesterday. But the nasdaq was the big winner with a gain of one and quarter percent on the war against coronavirus and dave ricks is here joining me first on fox business at 7 10 a. M. This morning. With breaking news you do not want to miss. The stimulus stalemate goes on House Speaker naption facing backlash now after senior democrats shot down a bipartisan proposal. And it is count down to election day President Trump says he has no regrets about his handling of the coronavirus pandemic. This as joe biden kept courts hifng voters in florida. History made at the white house, the dawn of a new middle east israel, the United Arab Emirates bahrain sign a deal brokered by administration. Here to talk and more. Plus Hurricane Sally crawling dangerously slow toward the gulf coast. Already dumping massive amounts of rain on the region. We have a live report. Apple newest tech taking a look at apple and ipad see if it
Plasma will be expanding. Markets turning attention to the virtual jackson hole and the crisis fighting measures. The Republican National Convention Begins in North Carolina today as president ial rival joe biden says he would be open to a second term despite questions over his age. 6 00 a. M. Inne london, 9 00 in dubai. There is a open letter to the fed. It is satire at its best. I like bonds over fx. Just do whatever the bond market says. It is bigger, better, better educated and sharper than both of us. It is a great piece, but it is genuflection to, did you read the minutes and just do whatever the bond boys and girls say. What businessweek calls cringe worthy satire. They give it to jackson hole saying please do us a solid, keep this mind in vote during the jackson hole summit. No cowboy stuff, jay powell. It makes a lot of sense, this satire. It is trying to make sense of the market when you have covid19 pandemic still ravaging economies and Peoples Health and the s p 500 on frid
Between an unfilled gap 3259. That gap needs to be filled with some bullish moments. As you know, we are well above 250 100 day moving average. As you said, those smallcap stocks, big performers. Really beaten up so far. Finally getting we are out with earnings as well. One that you and i have been. Secondquarter revenue seems to eat gnificant significant beat. Revenue coming in at about three and one quarter billion dollars. The Forward Guidance looks strong. That might be why shares are up. And to why the Forward Guidance looks higher, what divisions within that is this are showing strength. That busyness are showing strength. Caroline the companys conservative forecast could add to the fact that it is likely to beat overall. Worried about the global auto sector, industrial gear shipments. The is a notable beat for second and Third Quarter. Maxim last week saying they will be teaming up to take on the likes of texas instruments. Revenue for the Third Quarter looking pretty strong for
Report 1. 5 million euro loss leading to job cuts. Industrial profit forecasts beat sending shares higher the ceo says hes cautiously optimistic we have the prices under control as much as we can control it going forward, there is some volatility that we will see a second wave. Mining giant glen core ditches its dividend following a massive impairment charge following the bottom of the stoxx 600. A warm welcome to street signs. It is a big day before the bank of england keeping rates steady and left the size of the Asset Program unchanged. Bankers are painting a more pessimistic recovery warning that they wont return to precrisis levels before the end of the year. They expect the rate to double by the end of 2020 looking at the action surrounding the bank of england news starting with guilt we have the move lower out 2. 5 . Third year trading 64 points or so sterling has hit a fresh fivemonthify versus the dollar. Currency investors like what they see to get into more detail from the b