Hes here in a fox business exclusive about this new bacteria. The covid19 lockdowns forced many to whip out the credit card and buy essentials online. A publicly traded company is making all those transactions work. The incoming ceo is a wall street veteran who survived 9 11, the financial crisis and now the pandemic. He will tell us what he saw in early january that told him get the employees to work from home and out of a crowded business area. That was well before just about every u. S. Company had even heard of covid19. Charlie breaks it on the big name Trading Companies refusing to sign on the dotted waiver line that the nyse requires to walk on to the Trading Floor. And 24 hours before the dragon capsule roars into space. Less than an hour til the closing bell, lets start the claman countdown. Liz breaking news. They are testing the systems right now. We are just over 24 hours away from history as spacex prepares to become the first commercial Space Company to launch american ast
That were thought to benefit if we have a slow and healthy unwinding of all of this but dont be surprised if these weigh on the markets because in the sixblock area of a beautiful city its unsiege as occupy seattle if you will, dan springer knows it well, he hes been reporting better than anyone else, dan its a tough position for the mayor to be in, the police chief to be in because they dont seem to be on the same page and id imagine people who live and work in the area but how are things going today . Well neil, this is bizarre and concerning and yesterday the mayor had her first News Conference since this began monday night and she basically said she doesnt know how this is going to end and she likened the people inside to a gay pride festival and she said afterwards she was asked by cnn how this is going to end and she said who knows we could be in for the summer of love but let me take you behind me to one of these barricaded entrances that theres six of them and look at this guy.
The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
Example, will be especially strange this year as we are instructed to maintain social distancing even as we gather to have some fun in the sun. One place where bathers are not welcome is new york city where mayor bill de blasio has threatened to pull people out of the water if they violate his no swimming rules. Just look at that. The new York Metro Area remains mostly in lockdown. Doesnt expect easing in the city apparently until the first half of june. Meanwhile, more and more pushback against the closures as the economic carnage mounts around the country. Some Business Owners fearful that their livelihoods are being destroyed are openly defying orders saying theyll risk fines and imprisonment rather than keep their stores shuttered any longer. And we now have Important Information from a number of states that have had several weeks of experience with loosened restrictions, and it does seem to suggest their plans are working. So were the draconian lockdowns actually even necessary .
Evidently investors like what they think they will see. 2. 1 million jobless claims reported about a half hour ago. That means 40,740,000 have been thrown out of work in the last ten weeks. Big number. Yet the economy is contracting at an annual rate now of 5 . Thats a big number. And orders for big ticket items absolutely plunged. Okay. Got all of that. But the dow jones average up nearly 1100 points in the last two days, going up again at the opening bell. Were looking at a gain of over 200 points right now for the dow, and the nasdaq is going to be down, down 80 points. That tells me big techs having another difficult day. Then we have the opening up movement. Its rolling on. Vegas and disney have dates for its partial reopening, but theyve got the dates for reopening soon. Boeing, theyre going to restart, wait for it, max jet production. Were not back to normal but we are clearly well into the reopening phase. Now this. Watch out, social media. The president s going to sign an exec