Use authorization its covid19 vaccine. You can see pfizer punching up about 1. 7 at the moment. Remember that were looking at a comeback perhaps late in the day, in the next 59 minutes, because that is the dow had fallen 430 points, now we are down just 116. Any gain for the s p, the russell or the transports means another record. Were not there yet right now. The nasdaq up 9 points. Fed chair Jerome Powell also giving markets a boost by calling on congress to get moving, already, on a new stimulus package. Former chair of the council of economic advisers under george w. Bush and now Columbia Business School emeritus dean, Glenn Hubbard is here on whether we need it, how big it should be and how worried he is about the precarious recovery. The ceos of facebook and twitter forced to run the Senate Judiciary committee gauntlet on capitol hill once again. One senator equating the social media sensations as quote, modern day robber barons. The ceo of whats being called the antifacebook is
And change, the nasdaq up 224. Investors are hoping we have already hit that bottom from the coronavirus outbreak. Were not saying were hitting the bottom at fox business but were hopeful. All of this as the medical world is searching for solutions to limit the viruss deadly effects. Northwell health turning to 3d printing to churn out test swabs. They are going to be here to explain exactly what this means. Pretty exciting stuff. And the elf beauty ceo is here exclusively to tell us how his company is faring after the coronavirus has shut down another outlet that sells his products. Plus, liz claman wraps up her final day on selfquarantine focusing on workers as some amazon employees walk off the job and other businesses have the help wanted signs hanging on their front door. We are less than an hour to the closing bell. Im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we begin with some breaking news right now. We are just learning American Express ceo is s
Boston and other parts where are your sales right now, sir . Our sales, sales are down 30 and then also at popeyes, our sales are still posting comp sales positive like 20 and comparatively to two weeks ago we were 40 positive and now we are down 20 with free deliveries and popeyes what are you expecting to happen, sir . Not medically, and weve seen the curves and we know the rest is yet to come and youre looking out economically what are you projecting . What are you going to do what are you going to talk about . What we are seeing and what we are projecting, obviously, things are going to stay the way they are and i think we will see things get worse and even under these circumstances we are keeping all of our employees on payroll. We havent had any layoffs we havent done any layoffs and we want to keep everybody employed as much as possible and obviously, we are fortunate where we have a strong balance sheet. I think were going to get through this, but unfortunately, it may hurt a l
For nvidia long my favorite stock one i always say to own, dont trade. Yet i keep hearing about how to trade nvidia should you go long or short . The greatest avl intelligence play of our time one thats already changing the world with its borderline miraculous semiconductors. Should we declare victory, sell the darn thingup here . Maybe buy some more. And then it hit me why dont i just tell a dad joke so here goes [ rimshot yeah that is why my sisters names rose because your mother loves roses. Thanks, dad. No problem nvidia hallelujah plunging 606 points. Nasdaq tumbling. Nasdaq losing. 39 prs. We have to recognize there was one stock of one truly Great Company that frankly has nothing to do with the dow or the nasdaq or the fed for that matter that stock is nvidia it is quite simply much bigger than a Semiconductor Company much bigger than a can p, much bigger than the platform i owned my late rescue dog after because i didnt think enough people owned the stock. Who is nvidia, what i
Were at post 9 at the New York Stock Exchange jon fortt is off today joining us out west is general partner paul holland a lot to get to with paul. Good to see you, man first up, we talk snap reporting earnings after the bell dispinlted disappointed on revenue and growth stock is down this morning and currently trading down almost double digits, down 11 earlier today. A lot of discussion about daus not that they just missed but that instagram is able to add so many more to stories in the first half than snapchat has what did you make of the quarter . Well, paul, i think the snap story is fascinating and complicated at the same time i think youve got people here in the valley that are sort of snap owe fish nad yoes and cheerleaders you have folks that are more on the facebook corner. I think what you thought a year ago, maybe even a year and a half ago, you really thought snap had momentum and had a chance to overtake facebook in part of its core audience. I think that whole strategy is