Up 95 points. The dow better by 393 points. Perhaps on investor belief that the worsening pandemic will shake congress fists open leading to, perhaps, the passage of a relief package. But as millions rush to get tested, rapid covid testing suddenly under fire from billionaire Tesla Ceo Elon musk who claims he took four tests with confusing results. So were bringing out one of the breakout stars of the netflix dock you series pandemic, dr. Jacob glanfeld, what he wants to hear from the president as the development of a covid19 vaccine inches closer to reality. And the coronavirus isnt elon musks only problem. Theres a new player on the electric vehicle front carving out its own ev beast face. Yes, thats right, the ceo is here in a fox business exclusive. Yes, the company is publicly traded. Well tell you who it is. All right, but first a fox business alert, just as americans rush en masse to get covid tested this hour, teslas ceo, elon musk, is on the attack. Did you see what he treat t
Dom . How many of us wish we had more time, not just 48 hours but more time in general anyway, the markets right now are in a Holding Pattern thats what well call t. Marginal losses in the s p 500, dow and nasdaq, as you can see there. Just about a quarter to a third of a percent across the board here, but we were positive at one point today so a lot of that uncertainty playing out, but not a lot of reason to wholesale buy or sell so thats what were seeing in markets. One place where were seeing a good amount of positivity today is in the internetrelated names. Social media specifically. Check out this First Trust Dow jones internet etf ticker fdn is off the highs of the day, off twothirds of 1 small of the smaller social media ones are there as well helping to power this particular move remember from the lows up to here, it was up about 96 , and then it fell about 15 here and then up another 12 from there, so thats a move there for the social media stocks that were watching as well, a
Tech names may be beneficiaries of a decision the United Kingdom has made when it comes to huawei and 5g. But wait a minute. The big banks did send up some warning flares in their quarterly reports on this first day of Second Quarter earnings season. Why are the biggest names in finance fast inflating their Rainy Day Funds . What do they see that you might not . Our floor show traders are on it. They will shine a light on it and explain. Just as teslas stock bubbles even higher, here comes a potential pin to pop it. Fisk fiskers uber cool all electric ocean suv with its 300 mile range, karaoke and california mode features is ready to open the reservation lines. Founder, chairman and ceo lhenrk fisker is here on his unique route to the New York Stock Exchange, taking on elon musk and yes, he will explain what california mode is. Pretty cool. From california all the way to a tiny private island on the east coast where the wealthy elite are ready to pay a pretty penny to escape from the c
Washington. Actually did we lose ashley as i was telling him to wake up. He was telling us about the markets being up for the day. It was quite a finish. Very funny moment. With the dow ending up by 558 points on the day. Were up throughout and we really had a strong move into the finish. As liz claman was talking about it, it didnt necessarily happen on news but happened nonetheless. Back to ashley we hope in a moment. Blake burman in the white house waiting for that News Conference from President Trump i believe at the top of the next hour. I hope youre there, blake. Reporter youre a baseball fan. Call in the righty if ashley cant go. If youre anticipating President Trump right now, within the next hour this, is impromptu announcement the white house said this afternoon saying president will speak from the rose garden at the top of the next hour. The white house not exactly saying what this is about though i am told from a source that the president will be speak about china. Elsewher
America. A crisis unfolding in. The World Food Program warns 130000000 people could be pushed close to starvation by the pandemic. First begin in hong kong where police have fired volleys of tear gas at protesters of the thousands turned out to oppose chinas proposed National Security law demonstrators have blocked streets in the territories popular shopping district or swayed by the bill would ban all activities considered subversive activists say it would be the end of hong kongs autonomy. And brown joins us now from hong kong major i saw moments ago police moved you along how things shaping up now. Well i think in this corner of causeway bay the police to slowly regaining control of the streets following a number of skirmishes earlier on sunday afternoon when tear gas was fired now these protests make it all very reminiscent of actually what happened a year ago when we had large protests also in this part of hong kong now these protesters of course are taking part in an Unauthorized