Money, your money, your life, your future. Now becky quick. We begin with space travel. The weekendmarks 50 years sinc man walked on the moon now half a century later theres a push to explore the final prfrontier there is a lot of private enterprise working on the race to space. 50 years ago the eagle has landed. The first humans stepped foot on the moon the apollo 11 mission, cinched americas dominance in Space Companies like spacex using rockets to go into orbit now has come the time for us to make the next giant leap and return american astronauts to the moon. Nasas new program is artemis. It would send americans back in five years, a fete that can only be achieved with the private sector were in an entrepreneurial space race. Weve gone to 476 companies today, theyve raised 22 billion of equity capital. One startup, astro bottic. Its a railroad to the moon. It builds robotic landers, it has almost 100 million in contracts, including nasa. We offer nasa an opportunity to fly payloads
Was another record for the s p 500, but the gains were a capped bit as yesterdays enthusiasm over a trade truce between the u. S. And china was replaced by a scepticism today after the u. S. Threatened more tariffs on 4 billion worth of European Union goods. Just another chapter in that longrunning despite over aircraft subsidies. In the end, stock did hang on with the dow rising 69 points, the nasdaq a climbed justut 18, and the s p scratched out a gain of eight for that record close. And as for the china trade issue, Administration Officials met to discuss what to do about the Chinese Telecom company huaw. As part o the detente the u. S. X re restrictions against the company but it isnt exactly clear what that means, but white house trade advisor Peter Navarro gave his take we a going to work closely with our allies around the world to make sure huawei 5g is not in those countries, but in the meantime a small aunt of lowlevel chips are going to be sold to keep systems going, and that
Moving averages. This months worst performer on the dow. Plus activism in the restaurant sector. Outback steakhouses Parent Company down sharply. Lets begin with the markets extending this weeks losses, not a lot going right, and today, mike, a lot of it surrounds china and worries about not just growth but the debt burden as well. You wouldnt say its a new factor bits been on the list o worries. You have one of these situations where once you have this pretty sharp break in momentum to the upside, several weeks ago, some breakdowns in the longer term trend, some concerns about, you know, valuation that were always there that are being exacerbated and why has the yield become unanchored, treasury yields, and even global yields . All that stuff in the mix and then you have the related concern of, oh, what might what stress points might we see emerge out of that . All thats in the mix. I do think, also, yesterday, with the yields making those new kind of 15year highs, you started to see
Neil we just had Credit Rating dingoes and investors are not happy donald trump had another big indictment thrown at him and hes not happy. The two stories arent connected but maybe in some weird way they are. Fitch knocked us off our aaa credit purse because the Ratings Agency fears we cant get our financial act together and Trump Supporters sounding off because they fear the government is all in on going after the former president but a silent addressing the bigger sins of the current president. Its pretty clear we all arent seeing things the same way together. No denying we as a nation are veering off course. Hard to say, it is contributing, investors worrying, politicians scrambling. Billionaire oil tycoon harold hand doesnt like what he is seeing and Christian Conservative leader Bob Vander Platt is praying. Right now. Welcome, everybody. More on the selloff in a moment but first to the indictment, the latest indictment, Griff Jenkins is right, maybe not the last. Reporter good af
announces he ll finally visit east palestine, ohio, person one year after the toxic train derailment. rachel: plus, colorado s mayor is blaming republicans for why he s cutting services for residents to pay for illegal migrants. finish. will: and super bowl sunday, and i m in vegas talking to pooh football fans before the big game to football fans before the big game. the second is hour of fox & friends weekend begins right now. cuz, baby, tonight the dj got us falling in love again yeah, baby, tonight will: good morning and welcome back to las vegas, nevada, the site of super bowl lviii. there s a shot of allegiant stadium right behind me. it s a beautiful stadium. modern day nfl stadiums are hitting another level architecturally s and inside tonight, late this afternoon local time, will be what we expect a very close but fun game between the san francisco 49ers and the kansas city chiefs. but it is one, rachel and joe by joey, that we will not be seeing the pre