This story is developing quickly. Well bring you new headlines from the president when we get them. Plus a Hollywood Star is now officially serving time. New details as Felicity Huffman reports to prison. The delivery wars heating up. Walmart is moving to the next frontier. How you can get your groceries sent straight to your refrigerator. Melissa i like the sound of that. Fox Business Team coverage. Blake burman at the white house. Gerri willis on floor of new york stock exchange. Gerri, first to you. Reporter thats right. What a day in the markets. The dow up 237 full percentage points. The dow back over 27,000, 27,024. Good news for major averages. S p 500 is up and nasdaq too. What is going on here . All about earnings, whether you were looking at jpmorgan chase, johnson johnson, unitedhealthcare, wells fargo, all of these companies doing very well indeed. Johnson johnson in particular having a good day. So, as we look at these companies what were hearing is that maybe this economy
No one wants a straight, also to go, no one wants a stroke but lowest paid workers rates. They understand the workers frustration of generation and have sacrificed so much to give industry alive and strong especially in this economic crisis and the pandemic. Workers deserve the first share of benefits they help create free enterprise, companies have made Significant Office but i believe should be further than record profits which mean record profits which mean record contracts and also that again. Bracket corporate profits, which they have, should be shared by regular contracts for the uaw and just as we are building an economy in the future, we need labour agreements for the future. It s my hope the can return negotiations before an agreement. Earlier, i spoke to luigi gjokaj, Vice President at a detriot uaw chapter, about the mood among workers now the strike has begun. It is historical course to strike at all three of the big three at the same time. What s the mood like amongst your
Kirsty s back on monday. Till then, have a great weekend. Breaking news from Around The World 24 Breaking News from Around The World 2a hours a day. This is bbc news. This grainy Security Camera footage is from the moment when the floods hit and derna was changed forever. Two dams, meant to protect the city, were broken apart by the force of the water. The deluge carried everything away with it. This wave of death and destruction sealed the fate of thousands. And glimpses of the horror are still emerging. Here in derna, people began to pray for gods mercy. When the torrent passed, some were able to escape. As the rain continued to fall, they headed to the rooftops, with few understanding the scale of the unfolding catastrophe. Down below, the force of the water swept away everything in its wake. Those who could sought safety on higher ground. It is things like this that really show you the explosive power of the water that cascaded through this city. Things like cars that have been pic
Abiden run all over the place this morning. And the president takes the war on coal to a new level. Hes going to kill it. Coal Company Bankruptcy beginning. Its supposed to be quiet, its not. Varney company is about to begin. First out of the gate look at the price of oil right now. 46. 30. Had been down to the 45 range a few moments ago. Crude is down 46 now, it was 62 in june. Now, look thats good news for drivers the price of goes keeps coming down and every day, down about a penny a gallon. 2. 65 is the National Average now. By the way, i paid 2. 31 in new jersey earlier this morning. Ashley arent you special . Very good. [laughter] theaterats right, were going to call it a streak. Its not all good news a photo from wayne in california 4. 39 for regular at the mobile station in california over the weekend. Theyre not feeling the relief. Thank the greenies for that one. Moving on. President obama taking his climate crusade to new levels wants carbon cut a third by 2030 and force the
Strict new rules to limit Carbon Pollution from power plants. This plan seeks to reduce Carbon Dioxide emissions by 32 from 2005 levels in 15 years. Thats 9 more ambitious than the rule proposed last year that was subject to a Supreme Court ruling last month. Environmentalists say it would be roughly the emissions equivalent of taking 150 million cars off the road. The epa says itll eventually save the nation 45 billion per year. Opponents say the total opposite. Thats what opponents do. They say that the development of alternative Energy Sources like wind and solar will raise electric rates across the nation, and they say the regulations unfairly target the coal power sector which is the nations largest source of electricity right now. Weve got it all covered. Were less than an hour to the closing bell, lets start the countdown. Liz well, that didnt take long. Breaking news, even before the president revealed new epa rules, six governors and a bunch of Utility Companies already pounci