The candidates key messages. Stocks finding strong footing after a recordshattering Third Quarter u. S. Gdp report and word that Speaker Nancy Pelosi and treasury secretary Steven Mnuchin still have the stimulus lines of communication open. But the major indices are still far from recouping this weeks losses so far. The dow at the moment up 270. That is a 600 point swing from peak to trough and back up again. The nasdaq up 234. Could all of this change either up or down in an hour, when americas tech titans report earnings . The three tech ceos who faced congress yesterday face shareholders today. Our tech panel with what to watch ahead for facebook, twitter, google, apple and amazons Quarterly Reports. As the coronavirus cases spike, we have the chipotle ceo on how his restaurant chain is preparing for the second wave. Plus, when are quesadillas coming back on the takeout menu . Can we get to that . Hes coming up in a fox business exclusive. Weve got this. Investors are waiting with b
That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have team fox business coverage of the brewing tensions between the two superpowers. Our tech panel is here to tell you if we are on the verge of a high tech cold war and why t
Thanks for taking my question, you added a sentence into the statement about the course of the economy depends on the path of the virus is this do you feel this idea or view is not widely enough understood do you feel you had warned back in may that too early reopening or cautious reopening might harm the economy do you feel that message is not heard and some of these reopenings took place perhaps sooner than they should have i think we feel that it might be the most central fact or the most central driver of the economy is the virus were seeing that again. You saw that during the lockdown when we got cases way down you saw the economy reopening. You saw spending go up and hiring go up now that the cases have spiked again. Again, the early data, highfrequency data suggests that theres a slower pace of growth at least for now. We dont know how deep or how long that will be. Its such an important sentence, we just decided that it needed to be in our post meeting statement. Its so fundame
Charles british lawmakers voting just moments on the fate of the uk and e. U. Ashley webster in the thick of it with london. Go to it now, ashley . Hey, charles i hope your eyes wont glaze over too much. It is pretty simple. Coming up in the next several minutes the mps vote on withdrawal bill, Boris Johnsons plan with all the nuts and bolts in there, explaining exactly what his bill would do. It is 115 pages long. That will probably wont make it through, with brexit you never know. The second vote, half past 7 00, local time, 2 30 eastern. They will vote on timetable. They set three days to debate and decide on it on thursday. Opposition lawmakers three days for this massive bill is just not long enough. If they vote down that timetable, and the eu at the same time, says clearly you cant get your act together, well extend the deadline again, dont forget Boris Johnson sent them that letter even though he didnt sign it it, doesnt matter if all that happens, Boris Johnson said i will pul
Hour plus wework woes the shareholder wants to shelf the ipo well have those details and discuss them later its the momentum crush. Investors are fleeing the stocks with the biggest gains and could be a warning sign for the Broader Market so Pay Attention power lunch starts right now welcome to power lunch. Stocks are under a bit of pressure take a look at the nasdaq. Thats getting hit the hardest as the momentum gains are selling off. On the flip side, we have small caps continuing their outperformance from yesterday. Up by 1 two headlines affecting your money. Stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when President Trump said that he has fired the National Security adviser john bolton over policy differences. That news also sending oil sharply lower. We are live to wrap up what has been yet another very tumultuous day. Thats right. Another dramatic departure from the Trump Administration we got a little more context here we hear