95 points higher. you know liz mentioned this down the stretch of her show, russell 2000, the small cap stocks, dow transports they both closed at records today as well. that is kind of day. a lot of green and really big day for stocks. i m connell mcshane. we welcome you to after the bell. those are the numbers at the close. time now for the news that s happening at this hour. . we have fox business team coverage with jackie deangelis in the new york newsroom, blake burman reporting from washington, also get to hillary vaughn in wilmington, delaware, president-elect biden just wrapped up there remarks on the economy but blake, let s start with you. that is the big news today. that moderna vaccine. tell us about it. reporter: they expect, connell, moderna does to apply for the eua, emergency use authorization in the next couple weeks. maybe distribute the covid-19 vaccine by the end of the year. when you look at numbers on the clinical trials it is about as good as they ho
making money. charles: so i got to tell you, investors, at least the market appears to adjusting to worsening yield curve inversion. 10-year lower than the two year. just earlier this month, remember when that first happened, first time that happened, investors running for the hills. the stock market crashed almost, recession fears were rampant. what changed here? here to discuss david dietze, and mahoney asset management president ken mahoney. ken, the first time this happened, the dow was off 800 points. closing at low of the session t was all the talk of financial and mainstream media, recession around the corner. what is different? what is causing inversion, part of it is foreign money coming into our markets. 15, $16 trillion of negative interest rates, that will bring money over. you cut rates a couple times, you get inversion. one is cause of it. investors realize the cause of it, recession in the u.s. i don t think it will happen. more to do with foreign money c
block those unwanted calls. is a redo coming? game of thrones has been the king of controversy in the final season. fans are demanding a do-over. it is thursday, may 16th. fbn: a.m. starts right now. cheryl: here is how your money is moving at 5:00 a.m. well, take a look at futures right now. we have just turned slightly positive for the dow, we re up by 3 points right now. s&p is flat. nasdaq down by 6 and a quarter, a little bit of a recovery happening yesterday for your markets. he global crude prices hitting a two week high on escalation of iran conflict. therwe re seeing a lotof build . european markets watching oil and the trade standoff between the united states and china, a lot of pressure on european markets. ftse down by a quarter of a percent. asian shares reacting to the administration s move to delaney decision on auto tariffs, especially the japanese automakers and we re watching reaction to china s decision to drop treasury holdings to the lowest level sinc s
coming in momentarily, what it means to the state of consumer and the economy today, president trump is talking tough on china and on trade, the highlights from his pennsylvania rally last night coming up and easing restrictions on huawei the u.s. granting extensions, what it means for the negotiations, where are the exemptions? personal data information exposed. we are taking a look whether it can be prevented. mornings with maria begins right now. maria: welcome back, home depot earnings better than expected. ashley with the numbers. ashley: 227, it was 218, nice 9 beat there, maria. just above estimate of 26.35, nice beat at the top of bottom line, comp sales in the u.s. for home depot up 3%, the company saying it s very pleased with the underlying performance of the core business despite unfavorable weather the company says in february, the same-store estimate coming up at 5% which is also in line with the last estimate that the company put out for the full year, they
with the very latest what fell apart what happens now. the white house reaction where the u.s. trade team will be meeting with the president shortly with blake burman. of course the market reaction to uber and all of this, as i said, down pretty much across the board. i was just talking to our charlie brady, our top stocks editor genius, reminding me of 11 sectors, only one is up. not surprisingly a safe haven for nervous investors, utilities. edward lawrence what happened to the talks and more important, edward, what didn t happen? reporter: what didn t happen they didn t spend a lot of time. the talks started 30 minutes late. they only lasted two hours. the chinese delegation walked out and went on. we can tell you from trade sources the chinese have a flight out of washington, d.c. four hours from now. as you heard treasury secretary mnuchin said they are not coming back today. the chinese responded through a spokesperson, the statement for the spokesperson about the chine