discuss plus the trump administration s response. markets in red, goldman sachs cutting from 6% to 3%. dow industrials down 23, nasdaq down 53 and s&p 500 lower by 4 and 3 quarters this coming after markets tumbled in the 11th hour of trading last night pushed down by technology, lockdown fears and uncertainty. finishing at correction low with decline of 330 points. the dow industrials down 525 yesterday at 4:00 o clock on wall street. the race for a vaccine. dr. fauci says every american should have a dose by april 2021 but new concerns over a mutating viral strain. gavin newsom s plan for golden state puts electric cars at the forefront and the state of happiness, find out which state is full of the country s happiest people. mornings with maria is live right now. european markets feeling the weight of stocks here at home. the ftse 100 down 30 points, cac quarante lower by 14 and dax down by 3. red across the board in asia overnight as well. take a look at indices in asia,
selloff. yesterday the nasdaq fell almost 5%. apple in terms of market cap loss biggest market cap lose ever in one day. the race for the white house turning to swing states. president trump talking tough on crime during a stop in pennsylvania while joe biden visited wisconsin for the first time in nearly 2 years. later this hour i will be speaking with scott car presenter whose business burned down during kenosha violence. coronavirus taking down the dark knight. mornings with maria begins right now. checking global market action, european losses, almost 1% gain in england, in france, more than 1%. in asia overnight it was red across the board really following wall street s losses on thursday, south korea, shanghai, japan all to downside man wanting in fatal shooting of president trump supporter in portland is now dead, cheryl casone has more, cheryl. cheryl: that s right, antifa member was shot killed an overnight by officers. the 48 pulled out gun right before she was shot
this year at 9.3%. then recovering next year to five or 6.5% in 2021. now pce inflation under 1%. long-term federal funds rate again, they see it at 2 1/2%, getting back to that. but again no raise in rates for the next two years. now in the statement, they re very interesting language. they put in financial conditions have improved in part reflecting policy measures to support the economy and the flow of credit to u.s. households and businesses. they have had weaker demand it says on, as well as oil prices have kept inflation historically low. federal reserve is committed they say to use the full range of tools to support the economy. this was a unanimous decision but again, charles, holding the federal funds rate where it is at least through 2022 is their projections. back to you. charles: edward, thank you very much, my friend. hopefully we ll come back to you for some additional information but right now i would like to bring in to discuss, kaltbaum capital management pre
helping the rioters? all that and so much more on making money . . charles: another session, folks, market resolve amid a resolving day with covid-19 lockdown stocks. they re actually losing ground. these are the real hot stocks that have been a big, this old school names, energy industrial names, they re leading the way. this as the market continues to telegraph a economic recovery to be quite frank nobody on wall street sees yet. each day the data becomes more clear. things are getting better, including today s auto sales data. the big question whether the tock market, or wall street gurus, which one of the groups is is right? let s bring in two of the best to see what they think about the market. alicia levine and belpointe market strategist david nelson. david, we ll start with you. we re seeing all kinds of pretty good data, manufacturing data, surge in travel apps, auto data looking very good. obviously helping the bull case. is it enough inn your mind to help how str
the market this fall. that would be months ahead of schedule. i will get one doctor s opinion coming up. all that, a lot more on making money. the president holding a news conference a short time ago. they went over everything from the virus to the u.s. economy. blake burman has the latest. hey, blake. reporter: cheryl, i m told the white house will invoke the defense production act to make sure meat processors will stay open. they will do it through the dpa, declaring that the meat processors are critical infrastructure. i m also told that in this process, the federal government will be providing protective gear for those employees within the meat processing plants and will be providing guidance as well. this of course comes as there are fears there could be meat shortages due to workers contracting the coronavirus and those plants have been closing, or forced to close because of it. for example, tyson foods over the weekend, even cautioned that the food supply chain could b