That Summer Vacation today, youre losing money, particularly if you are a tech investor. On this first trading day of august, the nasdaq aiming for its 29th record close of the year as tech giants from apple, like we were talking about, to microsoft and a whole host of other names, lead markets higher. We have the nasdaq up 176 points right now. Dow is up 274. Youve got to watch microsoft in this final hour. It is hitting a record high after confirming charlie gasparinos report that the og Software King is indeed in talks to rescue viral video platform tiktok from President Trumps threats to ban the chineseowned favorite of dancing teen agers. Of all the chinese apps, why ban this one . Charlie breaks it in just moments. And if the president does ban tiktok, will that be a shot across the bow aimed at china . We have team fox business coverage of the brewing tensions between the two superpowers. Our tech panel is here to tell you if we are on the verge of a high tech cold war and why t
Stocks are under pressure and i do mean under pressure down by more than 300 points on the dow on that weak manufacturing. What way to start the Fourth Quarter. The s p and the nasdaq down a percent or more in each case take a look at whats leading us lower. That will be industrials materials, the suppliers to industrials and energy all of those sectors down 2 or more lets get down on the floor of the New York Stock Exchange bob. This is a big miss on the september manufacturing and i think this is a problem for the markets here the s p moved in a 50point range. Almost 1. 6 lower since the ism report came out at 10 00 a. M. Eastern time the s p has moved more than 1 this reaction was probably just sheer size it was not just the big miss it was the lowest reading in ten years. The other reason for the outside reaction is despite the turmoil around global trade, the s p is still only 3 . That leaves a lot of risk to the downside this dropped as you heard from tyler. I would pay very clos
Deep in the read as a key read on the health of the economy slips to the lowest level since the great recession. That got us thinking, is history about to repeat in firing up the time machine for back to a year when this played out on air you hear the musicon see the raging bull. You know what that means the dwou hitting a record high for the First Time Since january 26th joining the s p 500 and nasdaq both at alltime highs as well. So that was the setup heading into q 4 of last year. Fast forward a few days and this happened fast money starts right now we breaking news stocks getting shattered today. The dow having the worst day since february tanking more than 800 points, the selling accelerates into the close. And we close the dead lows of the day. Snpd fiefd now the lose worst losing strategic in two years. The question i pose to you all tonight. Dramatic. Are we setting up for repeat of last year tim well, think about year over year where we are in terms of expectations on we ratc
Australia. We are counting down to asias major market opens. Im annabelle. Investors keeping their powder dry with some warning of stock swings. Janet yellen admits china may retaliate against Biden Administration tariffs increases. And the albanese government announcing australias second Budget Surplus without stoking in laois and. Heidi given all the threats we are seeing sydney futures muted. A worried session on wall street will way on what the fed does and other central banks. Headwinds are building and the risk of threats on china and retaliation. Certainly not a great deal of risk appetite. Kiwi stocks looking softer, k futures Looking Glass of not making too much of a move. Its near the top of developed markets, it is what can they do a costofliving crisis. It will flesh out further expectations or hopes of race cuts. Haidi thats right, speaking with economists about the need for fiscal prudence but here is the outlook for futures online, reflects intraday caution and equities,
Good evening, and welcome to the San Francisco board of appeals. Wednesday, july 13, 2016, meeting of San Francisco board of appeals the peace officer officer is commissioner honda and joined by commissioner fung and commissioner lazarus and commissioner swig commissioner bobby wilson that be late this evening to my left is thomas owen for legal advice tonight at the controls is gary the boards legal assistant were were joined by representatives from the city departments that have cases before this board. This evening from the department of public works mapping raul and amanda and also Scott Sanchez the city administrative for the Planning Department and Planning Commission and expecting joe duffy for here representing the please be advised the ringing of and use of cell phones and other Electronic Devices are prohibited. Out in the hallway. Permit holders and others have up to 7 minutes to present their case and 3 minutes for rebuttal. Have up to 3 minutes no rebuttal. To assist the b