This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be
Everybody. Well see how the nasdaq settles. It is just about at that level right now. Look at big tech titans, microsoft, amazon, alphabet, facebook, apple, all those individual stocks down significantly today. Apple down nearly 7 . Apples market cap falling below the two trillion dollar milestone as well. On top of that, it is the worst day for oil in three months, sliding to the lowest level since june. Well cover all angles of this. Fox Business Team coverage, blake burman at the white house, gerri willis and Edward Lawrence standing by with their reporting. We begin market panel, carol roth and gary kaltbaum, kaltbaum Capital Management a fox news contributor. Let me start, gary, with the big rotation out of the big cap momentum stocks, particularly technology, the last three sessions i guess and it continued in a big way today. So where do you see all of this going . Well, look, the only thing more overdue than a correction in technology is if my knicks win the. [banba championshi
Religious service, even professional sporting events, without spectators, that is, and nonemergency medical appointments. This is like going to the dentist can begin. But its not until july 13th that Indoor Dining can begin, along with barbershops and hair salons, which are expected to reopen then. So what about schools, bars, and gyms . Those are all expected to reopen in midaugust. Mayor london breed pointed out the phases are staggered for a reason, stressing reopening must be progressive. I know that more than anything we all want to go back to the life that we once knew before covid, and now for the next anywhere between 12 and 18 months, we are going to back to the life we knew before. However, with some adjustments to our new normal. Those adjustments will require businesses reopening to follow specific guidelines and safety precaution. And retail shop owns liar donna oh leerily. The blitz be great. We thank San Francisco for reopening safely. Mayor breed also pointed out as mor
Little cooler along the lake which is not good news. Low to mid 70s. Its 61 right now. Its 59 waukegan. 57 in morris. Satellite rigour composite shows we are dry. No rain today. But later this weekend we do have the potential for showers and storms as we get into saturday. Warmer temperatures. Today we reach 77. Tonight we drop down to 57 degrees. Tomorrow, 82 clouds are on the increase. Chances of spotty showers and potential thunderstorms. High of 87 on sunday. Everything is looking good and the roads. No major accidents to report. Hurricane arthur has come ashore. Ed payne reports, the storm made landfall in North Carolina, just a few hours ago. Fourth of july vacationers fled the beaches in North Carolina on thursday as the hurricane comes to shore. It made landfall near cape lookout shortly before midnight. Waves as high as 35 ft. Were reported. Officials warned the storm if it had moved farther inland and the predicted. We had concerns about people who were inland may be impacted
Because those plot lights are turned off. The Police Command than just left the scene. We see people coming in and out and we have not seen them take out a body bag or anything like that. We are not sure whether they found anything but again we are being told it is a death investigation. A friend of the family tells set the mother father and son who lived at this house are at Police Headquarters being questioned. Live from the scottsdale neighborhood, back to you. Shots fired today by South Suburban police. Blue island officers responding to a love triangle domestic dispute in posen between two men and a woman. One man shooting the other, then Police Shooting him. Witnesses say it was scary seeing police running through the neighborhood with guns drawn. Just coming back and forth trying to see. My mother sent me to the basement and she said probably somebody is there and go check. I checked and everything was fine. State police are now investigating because the shooting involved an off