Global supplies, chip supplies rather to huawei, this as taiwans Semiconductor Announces plans to build a plant in arizona. China sending signals in retaliation that has this market on edge. Is it a bluff . We will get the read from michael pillsbury. Also, Human Behaviors on a crash course with social distancing. I will explain why. All that and so much more on making money. Now in the green. The cp effect has started. Welcome back. Its been another eventful week for the market. One of the things were seeing is caught of tugofwar between commentary and observation versus realtime news and anecdotes. The financials got crushed on wednesday, after the Federal Reserve chairman powell offered a dire warning about the economy, more specifically the american consumer. Credit Card Companies were especially slammed. But then after the close on wednesday, mastercard updated its operating metrics. They show a sharp improvement year over year transactions. Every single week for the past four wee
Infections soar at Meat Processing plants across this country, many are wondering will we face a meat shortage soon . All that and so much more on making money. Charles a major read on consumers out this morning not only did the final read for consumers sentiment in april come in better than expected, but it confirms the idea that americans see better days ahead. The read on Current Conditions declined more than 29 . Down more than 40 in the past two months. And then you look at that juxtaposing it for the read for how we see the economy in six months, only down 12 , 22 in two months, it is pretty clear that the consumers and the stock market are banking on this economy reopening soon and the coronavirus continuing to flatten. Many are wondering, though, has the market still come too far too fast . And are consumers and investors being too optimistic . I want to bring in two of the best to discuss this, Wealth Management cio and fox business contributor scott martin, chief investment s
Countrys seniors. We will bring you all those breaking headlines as soon as we have them. But well kick it off with fox Business Team coverage. Blake burman with the latest from the white house and Lauren Simonetti is watching the markets. Lets start with lauren. Hey, melissa you started talking about the disconnect between the Economic Data coming in and where market is headed. There was a selloff, the dow, s p 500 and nasdaq lower. But if you look at the month of april, the dow and the s p are looking at their best month since 1987. If you take a look at the nasdaq, its best month since 2001. It is only down for the year by 1. 1 . Why . Big tech coming in a big way this year. Lets take a look at these companies. Theyre 38 of the nasdaq. Facebook was the best performer in the nasdaq. Ad sales are stablizing. Amazon closing at a record high. These companies, amazon, apple, reporting momentarily. Health care was another bright spot today. Gilead is very close to getting fda approval for
Fauci says we are headed in the right direction. Every day this seems to be a record of number of deaths. At the same time we see the increase in deaths we are seeing rather dramatic decrease in the need for hospitalization, that is going in the right direction. I say that and i always remind myself when i say that, that means what we are doing is working. Therefore we need to continue to do it. Ashley what we are doing is working says Anthony Fauci, voters seem to like how the president is handling the crisis. His Approval Rating hitting a high of 49 in the latest poll and by the way he has tied joe biden in the president ial race. Just last month he trailed biden in the same poll by nine points. Still there is work to do in america remains worried about their money in 79 say they all worry that the virus will lead to Economic Hardship for the family. The Chip Administration still targeting the reopening of the economy and for 8 weeks and heres what Vice President mike pence says need
Parts here today. Some are literal. The princess cruise ship is one. Theyre watching throughout the day as it makes its way to the port of oakland. It is supposed to dock around 3 00 this afternoon. Well talk about that, oil off the bat with our buddy phil flynn out in chicago, price futures group, senior strategist at cme. We talked about it last week, phil. You and i were going back and forth about russia and saudi arabia. Now we have the true price war breaking out that has consequences in places like texas and north dakota. Take us through what youre thinking about today . What im thinking about is were learning today, not always is a low price for oil good for everything. There is concerns for banks, oil producers, the general overall market. Having said that, there is some hope, you know, right now with the talks of stimulus. Maybe we can pull off the lows right now. There are old saying in the business low prices cure low prices but this breakup of opec and russia, this opec plu