If it crashes again, take advantage of it again. Reporter across from the fed we found patient investors. I stay the course. You just have to stay the course. It will weather itself out. It only hurts us if we sell when its down so were just hanging in there. I believe in america so there you go. Perhaps the most famous quote is buy when theres blood in the streets. We asked the experts if theres blood now. They replied, just a bit. Should be an interesting few weeks ahead. Andrea mccarren, wusa 9. Keep in mind, this was nothing like october 19th, 1987 when the dow fell 508 points, a 22 drop. It appears cooler heads prevailed between north and south korea. The north expressed regrets over a recent land mine blast that injured two south korean soldiers. They agreed to resume reuniting families that had been separated by the war. Britains embassy in iran reopened today. Britains foreign secretary flew to to tehran. The uk hasnt had a diplomatic presence in tehran since protesters stormed
Announcer this is nightly Business Report, with Tyler Mathisen and sue her slow start. The economy is limping along at its slowest pace of growth in three years. So why arent economists worried . At a crossroads. Exxonmobil and chevron report solid quarters. But not everything is turning around for big oil. At odds. Lawmakers avert a Government Shutdown, for now. But another budget battle may just be starting. Those stories and more tonight on nightly Business Report for friday, april 28th evening, everyone, and welcome. Getting the economy growing again faster is a goal of the Trump Administration and a desire of investors, and of course american workers. But today a new report shows its certainly not happening just yet. According to the commerce department, the economy stumbled in the First Quarter. Gross domestic product, which is basically the broadest measure of u. S. Output, grew at a paltry rate of. 7 , below what had been expected. An increase in confidence readings over the la
Shares of the morning times up. As the president would say bigley on the back of its strong earnings. The ceo of the nyt joins us live. Power lunch starts right now. Welcome to power lunch. Im michelle carusocabrera. Major averages are lower but Holding Steady ahead of the fed decision. This move in the nasdaq down 29 points. Right now thats the biggest drop in more than a month. The nasdaq still off lows of the day. Check out whats moving, a retail wreck this hour. Groupon and etsy leading declines on the back of their weak earnings. Groupon down 15 and etsy is down almost 10 . Melissa . Im melissa lee. Puerto rico announcing a historic debt restructuring on a portion of its 70 billion of debt. The move comes after talks with bondholders failed fbi director james comey grilled defending his decision last year, just days before the president ial election to reopen an investigation into Hillary Clintons email. And facebook making a major move to crack down inappropriate material. The so
Announcer this is nightly Business Report wit happiest stock on earth . Stock price rises, revenue misses. The focus is on disneys suddenly pressured Cable Network, espn. Big mistake . Warren buffett thinks investing in bonds is. But if you own them, what should you wont be . And second act. A group of entrepreneurs are getting older but theyre not slowing down, tonight on nightly Business Report for tuesday, may 9th. Good evening, everyone, and welcome. The nasdaq closes at a record for the 30th time this year. But we begin tonight with disney. A tale as old as time helped the entertainment powerhouse report a rise in earnings. The success of its latest adaptation of beauty and the beast, along with strength in its theme park business, helped disney earn more money in shares than expected. The dow component reported earnings of 1. 50 a share, better than expectations. Revenue was a tad light at 13 billion. But up nearly 3 from a year ago. That along with disappointing operating income
2 to an alltime high, and the nasdaq gaining 40. Its hard to tell if were going to have a fall or a run for the roses. Despite the seemingly placid root of the market, i think its very important for you to get your head afternoon this standoff. With 40 home game members and the newsletter i put out by my travel trust. While many didnt share my legal of optimism about the individual companies that i endorse, meaning that those companies were right here, right now. Several others were down right bearish. One person wanted to know what would happen to my trust when the federal government took away all the liquidity. Another argued it was time to go headlong into precious metals, his menu . Gold coins, gold stocks and gold bullion. When i said a portion of peoples assets should be in gold. He pressed me, he was speaking a lot more than just a portion, maybe a majority. Finally there was a curious discussion among several of oust over some real good mescal, that there would be some tax refo