Were in westchester, pennsylvania. The expectation this will be biden country. Not far from home in delaware. The focus is Kamala Harris as she gets ready to take stage in the Democratic National convention. Well talk about this state important overall, this area is so pivotal for the hopes of the democrats. In moments i will speak with Everyday Americans and Business Owners. Stay tuned for that. Well get their perspective which is why we are here. First our top stories, fox Business Team coverage set up with gerri willis on the markets and blake burman at the white house. Gerri, we start with you. Reporter thats right. Not as exciting of a day as we had yesterday thats for sure. All three major averages finishing lower taking a breath. All three stock averages down after a big day yesterday. The big stocks driving the dow down, target and lowes hit alltime highs on blowout earnings. Target having an incredible quarter, online and stores open at least a year up 24. 3 . Alltime high. As
Live streaming and ondemand at cspan. Org or listen live on the free cspan radio app. Joining us next is the host of cnns reliable sources and author of the brandnew book, top of the hoax. Thanks for being on washington journal this morning. How soon into Donald Trumps presidency did you realize you wanted to write about his connection to fox news . Guest i was fascinated by this from the first week of his presidency when he started tweeting the banners on the bottom of the screen on fox and friends and when he started chatting with the hosts in ways that were so more casual than other president s have had. I didnt decide to write the book until later on when the impact of fox Foreign Policy and fox influence became more clear. Last year, in my research, talking to sources at fox and the white house, it was clear to foxifi of americac is a bigger storyation in his book and the word hoax is related to the pandemic because President Trump used the word the democrats raising alarms about
Presidency did you want to write about his connection to fox news . I was fascinated about this from the first week of his presidency, when he started tweeting the banners at the bottom of the screen on fox and friends and started chatting hostsosts and ways the in ways that were much more casual than other president s. I didnt decide to write the book until the impact of fox foreign and fox influence became clear. Last year in my research talking sources of fox and in the white house, it was clear to me that america is aion of bigger story than many realize. I tried to put it all in this. The word hopes is related to the tot word hoax is related the pandemic, President Trump decrying democrats raising alarms about the virus. He used the word hoax, sean hannity used the word hoax, suggesting this was an attempt to take down the president when at the time the virus was spreading across the country. Terriblevery real, event, not a hoax. It tells the story of fox and trumpin a new way in
Off. Let me tell you what is going on, those of us who are fortunate to tell have our jobs, were saving a lot more money because were not going to restaurants or movie theaters or vacations. That means we have a lot more resources as a country to support those who have been laid off. Historically we would be worried about racking up too much death, wer generating the savings ourselves. That Means Congress has the resources to support those most hurting. John one of the things the republicans have brought up when they talk about this aid bill, particularly the size of the unpliem, it i unemployment,s putting too much strain on the economy. Thats the first part, and the second is, wont racking up the debt be something we have to deal with in the longterm . Right now were generating so much more savings than before it is simply not an issue because were not having to go abroad, so that provides a lot of relief right now. If you look over the longterm, our inflation has been very low. Infl
There was an endeavor to get to the city yesterday but we were landlocked yesterday, drove into the city under the trees. It was a little scarey we are back and it is nice to be here it feels like home good to have you back, andrew this is the situation that we probably havent given focus it deserves still millions without power 1. 4 million in new jersey without power. I know connecticut was hit worse. That storm even though a tropical storm, not a hurricane, stronger than anticipated. The wind event and damage significant. I appreciate it still trying to dig out from that today a lot of people that will be without power for days starting with the markets this morning. The nasdaq on another record six straight games it closed just below 11,000. Just north of 10,998 youll see this morning, us equity futures are not pushing above the 11,000 mark just yet six days in a row weve seen gains. This morning, indicated down by 20 points. The fourth day of gains for both the s p 500 and the dow