Congress now considering a temporary Unemployment Insurance extension. Ahead on todays show, as more government money flows into vaccine efforts, well speak with the ceo of thur ermo fishe. Plus micro Loan Campaign affirm striking a deal with shopify well teex wispeak with marks ln about that and a number of names are reporting after the close including microsoft, tesla and chipotle those numbers could move the market this evening. Lets get straight to the big stories were watching today mike santoli is tracking all of the action meg tirrell has the latest funding for pfizer and phil lebeau has fresh comments from the ceo of united about what a vaccine would mean for his business subdued summer choppy action the Market Holding up near recent highs the major takeaway from the action so far. The s p 500 on a oneyear basis, you could look at this and say were laboring to make further upside from where we got in early june that is true this looks like relatively defined uptrend. The questi
The hospital fed chair jay powell told congress more stimulus may be necessary. A moment ago, looking at the dow futures. Up by about 67 or 70 points. S p up by 10. 50 and nasdaq up by 152. 10year at 0. 743 below yesterdays close. We have a huge line up again today. Amazing. Former Economic Advisor to president Obama Joining us about an op ed hes just penned. General motors Ceo Mary Barra with us. Investor Glenn Hutchens and Dallas Mavericks owner and netflix cofounder and ceo of netflix with Important News to share this morning some stocks to watch you might keep an eye on ar call revenue was a little short results would have been better but customers in hard hit areas postponed purchases including hospitality, retail and transportation clients shares of groupon reported a First Quarter loss that wasnt as bad as expected saying it was challenging, people turned to discounts on Warehouse Club members, flour delivery and e learning. I was willing to send some flowers. We waited up late
And then europes hanging in there as well, german Business Sentiment at an 18month high. Our road map begins with the market. More history as the dow closes above 16k. Is the world getting ready for the santa rally . Gap shares falling on news on its Quarterly Results as were one week from black friday. And pandora shares fall on earnings while spotify could be worth 4 billion. People are beginning to Pay Attention to the percentage of investment people have in stocks, getting close to the levels we had in 2007. We can always look back and pick a time where it seems that was the top. Imagi margin debt is an important indicator for the top. What i like about the companies, they are levered to asia and europe. How many times does jamie dimon say we need rates higher. And now youre seeing the move to the financials and Goldman Sachs is in the financials, too. What may be good for the financials may not be good for the rest of the market, if it includes a taper tightening, a less dovish fe
Enough in its recall of more than 1 million cars and the issue could prove costly. We have all that and more tonight on nightly Business Report for this thursday, february 27th. Good evening, everyone. Im susie gharib. And im bill griffeth. Look forward to an interview. Meantime soothing words today from janet yellen, new chair of the Federal Reserve to testified today before the Senate Banking committee about the strength of the u. S. Economy right now. That sent the s p 500 to a new record closing high today. Ms. Yellen told lawmakers and wall street that she is staying the course right now. She will continue to taper back on the Central Banks asset buying Stimulus Program and keep record low Interest Rates right where they are. But shes also keeping an eye on whether the winter unrelenting snow and bitterly cold temperatures have been responsible for the slowdown in job growth and Consumer Spending that weve seen, or if theyre indicate of a larger longterm problem in the economy. Th
Enough in its recall of more than 1 million cars and the issue could prove costly. We have all that and more tonight on nightly Business Report for this thursday, february 27th. Good evening, everyone. Im susie gharib. And im bill griffeth. Look forward to an interview. Meantime soothing words today from janet yellen, new chair of the Federal Reserve to testified today before the Senate Banking committee about the strength of the u. S. Economy right now. That sent the s p 500 to a new record closing high today. Ms. Yellen told lawmakers and wall street that she is staying the course right now. She will continue to taper back on the Central Banks asset buying Stimulus Program and keep record low Interest Rates right where they are. But shes also keeping an eye on whether the winter unrelenting snow and bitterly cold temperatures have been responsible for the slowdown in job growth and Consumer Spending that weve seen, or if theyre indicate of a larger longterm problem in the economy. Th