The world of politics or business im showbusiness ill see that. This is boom bust the one business show you cant afford to miss and washington coming up markets across the globe have been taking a beating this week as renewed fears of a 2nd coronavirus wave and dimming optimism are dampening hopes of a v. Shaped recovery plus we take a look at how gold is fairing amid these Turbulent Times in which nations have moved to boost their gold stockpiles and the demand for oil has slumped in recent months but what has been the impact on the industry we have a fact show today so lets dive right in. And we will leave the program taking a look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thu
A round table discussion with industry executives so thats happening or about to happen at the white house, well bring you any comments that come from the white house this hour. The major averages are up for the second week in a row. You see the numbers the dow up well over 3 almost 4 in what was a holiday shortened week, the month the dow and the s p 500 up more than 4 a piece and look at the nasdac up nearly 7 , 6. 75 all up for the second month in a row so thats how we close out the month of may at least for trading. Lots of talk about today fox Business Team coverage we have blake burman at the white house, Jackie Deangelis at our news room in new york, Edward Lawrence reporting from washington, blake . We start with you on the north lawn. Reporter hi there, connell and melissa. President trump announcing at the white house several measures against china on the one hand, for chinas handling of covid19 , on the other hand, as well, for chinas crackdown on hong kong; however, as the
Some of these well known names here in the u. S. , these are chinese stocks that are listed here on u. S. Exchanges. China mobile, its up just under 1 . Youve got lenovo which, of course, is a chinese company, down half a percent. Alibaba is up one and a third percent. Jd. Com, that stock is also continuing to move slightly higher. As we look at some of these other names, alibaba Still Holding on to gapes of about 1. 5. But lets look at the semiconductors, because one would argue that they are the most exposed to what could have been yet another trade war, but it just doesnt sound like that yet. We have green on the screen. A little bit of a relief rally for intel, up two and a third percent, invidia up two percent. So thats certainly a good sign when you see that those names including other names that are bigger when it comes to, lets say, traderelated, tradesensitive stocks, everything from deere to caterpillar was that the fear was that we would start to see yet another trade war or
Lets dive right in. And we leave the program taking a look at how Global Markets fared this week as the possibility of a 2nd wave of the corona Virus Outbreak in the u. S. Has affected Investor Sentiment there are a lot of red arrows out there so lets take you through the week starting in russia the mo x. Is in the red on its short week down 1. 75 percent the ruble fell from 14 week highs against the dollar on thursday retreating still losing more than 2 percent on the day as Oil Prices Also fell lets move to asia where the shanghai composite is just slightly down for the week closing the week nearly flat this following a huge loss on wall street on fears of a 2nd wave of coronavirus case in the u. S. As we just mentioned in hong kong the hang seng is also down for the week following similar trends over concerns of copa 19 and the Federal Reserve announced a great will stay put at near 0 until 2022 now the index fell 2. 3 percent at one point on friday alone following a 7 session rally
Trade as the peoples republic has waived tariffs on some imports from the United States straight ahead we bring you expert analysis into what lies in store for the worlds 2 largest economies plus tesla is defying california orders and has reopened operations within the state what does this mean for the auto giant we have a boom bust panel on hand to break it down got a packed show today so lets dive right in. And china now its tuesday a new set of u. S. Products eligible for waivers from its allegory tariffs put in place amid the height of the trade war between the worlds 2 largest economies now the Chinese Foreign ministry issued a statement saying the waivers on 79. 00 products will be put in place on the 19th of may and expire in may of 2021 the new list of products with waivers includes or is of rare earth metals gold ores so wars and concentrates as part of the phase one trade deal between the 2 countries signed in january china agreed to increase imports of u. S. Goods by over to