Reporter what a difference a day makes, right . A major turn around for the markets. The dow on pace to snap a threeday losing streak. The s p and nasdaq on pace to snap a fourday losing streak. The dow up 139. Nasdaq up 184. It is all about the technology, my friends. Apple, amazon, microsoft, google, facebook all up today. Amazon leading those fang stocks. Why . Bernstein upgraded that stock saying the selloff in that stock was a good reason to buy. Dont hold back here. What the bernstein analyst had to say. What else is going on . Interestingly tesla, battery day, weve been talking about them on the network all day long, right . If you want to know what the big money thinks, guess what . One analyst says this would be a snare tiff change for tesla. An important day. Stock is down as you see. What is going on . Elon musk saying company will not likely reach selfsufficiency in batteries until at least 2022. Well definitely watch that, well definitely watch battery day. So far not so g
The nasdaq is up second day in a row. That looks safe. First backtoback gains for the nasdaq in two weeks. We have that. Well have a lot more to cover with fox Business Team coverage. Susan li standing by in the new york newsroom. Well get to susan in a moment but we start with blake burman on what was very busy, important day at the white house. Blake . Reporter historic as well. I will keep this short. Were probably getting the president s comments shortly any moment from now. A historic day at the white house where the president of the United States was joined with the israeli Prime Minister with two leaders from arab nations to sign a peace deal. Israel and the United Arab Emirates and israel and bahrain. President trump said he believed there could be five, maybe even six more of these peace deals in the middle east in the works to come. The president suggested that this could be a domino effect saying that he ultimately believes it will lead to the biggest middle east deal of all
The new york newsroom. Blake, we start with you with the latest from the president. Reporter the latest is about an hour away, connell. Were set to hear once again from President Trump, he will be once again bringing back the coronavirus briefings for the first time in many, many weeks. The brief from the white house is they say that the president will be talking about medical advances and the look ahead. That is why they say these are coming back. However when you hear from the top democrat in the senate, there is much different story as Chuck Schumer said today, these briefings shouldnt happen at all. These are going to be short briefings of the president mainly delivering information to the American People that is needed on therapeutics and vaccines. President trump should not take the podium. Every time President Trump takes the podium at one of these briefings he is a threat to public health. Reporter up on the hill earlier today Senate Majority leader Mitch Mcconnell outlined rep
This is after the bell. S p 500 down six days in a row. All three major averages down more than 4 on the worst pace for the financial crisis since 2018. We have fox Business Team coverage, blake burman at white house, Deirdre Bolton on the floor of the new york stock exchange, phil flynn watching oil at the exchange. Lets kick it off with deirdre. Reporter a lot of superlatives. Closing with the worst week since 2008. Look at stocks that pressured the average most. Microsoft for two reasons. Company says for the Current Quarter not what they expected. This is very much related to the coronavirus. Microsoft gets at least 10 of sales from china. Apple moving lower on the dow as well all day. Like the bigger picture, going down towards the end. Apple last week saying again sales this quarter will be lower due to effects of the coronavirus. One stock i was tracking all day, limiting losses, i dont know if we can say that with 1000 points down is 3 in. A part of what 3m makes are masks. You
This hour. Connell for his pricey plan, senator Bernie Sanders telling the nation, taxes will rise to fund his medicare for all proposal. Steve forbes will join us with his take on that. Apple meantime making a decision to move some of its production from the United States over to china. What it could mean the next time you buy apple products. Temperatures rising here in the United States as europe is absolutely roasting in record heat wave. Residents, tourists finding any way to stay cool. What you need to know before heading into a big summer weekend. Melissa whoo, it is friday. Thats right. Perhaps the most consequential meeting out of the g20 summit in osaka, japan, President Trump and his chinese counterpart xi xinping are meeting in a matter of hours. Lets go to fox businesss Edward Lawrence live in japan with the latest. Reporter melissa, were talking about six hours from the most highlyanticipated meeting from the g20 summit. That is the meeting between President Donald Trump a