They missed estimates by a wide margin the expectation was for over 800,000. And tech stocks are broadly underperforming to day, unwinding yesterdays gains. Amazon, apple, facebook, and microsoft all heading lower. 59 minutes after the session and were down 2 for those names. Power play. Pete . 5 for the s p 500 lets get to the president s diagnosis and impact it could have on a broad range of issues. Were looking at the potential impact on stimulus talks meg has the details on testing at the white house mike santoli tracking what it means for the market lets begin with what we know surrounding the president at this hour. Yeah. What we know is this diagnosis is now upended the president ial campaign a month out from election day the president s Campaign Team put out a statement earlier today saying that all previously scheduled events that involved the president of the United States have now been canceled. What theyre saying is that theyre going to maybe temporarily postpone some of th
Ss . The Trump Administration promising help for businesses big and small affected by the coronavirus outbreak. The cruise industry, will it be first in line, hat in hand, after getting soaked yesterday . Cruise line stocks are still getting buffeted by wild investor winds this session with major names halted multiple times in hopes of the government throwing the industry a life preserver. One of the worlds leading Infectious Disease experts faces off against cruise industry guru the cruise guy. He says cruise ships should not be taking off at all until the virus is better understood, while stuart says he would jump on one and travel the high seas right now. Stay tuned for that debate. One of the most respected Bank Analysts in the nation waved the warning flag on bank stocks five weeks ago. Dick bove way back on february 3rd said stay away from Financials Due to this mystery virus that appeared to be spreading back then in china. Dick is back today in a fox business exclusive. We will
American nation could achieve. No one could even come close to us. Maria the present renewing his call for immigration reform. He went to be an immigrant friend collecting welfare. Congressman Steve Scalise a special visitor on capitol hill. Bought a scion of card after another update on his health. Doctors say hes improved to fair condition. Once again another grade. Tropical storm cindy makes landfall. The threat of heavy rain and flash flooding 2 million. Photo looks to rebound today. The lowest level in nearly a year yesterday. Today up two thirds of 1 . The Broader Market in terms of stocks. Take a look at stocks this morning. The market fractionally lower. Dow industrials down 20 points. Nasdaq and s p 500. As you will see, weaker across the board. Ft 100 the cat around down 100. In asia overnight, as youll see with the exception of korea up one half of 1 . The motorcycle chain getting into rival ducati. We will tell you about that developing story. Tom brady makes another stop o
All three major indexes taking a big hit. First intraday drop of more than 1 for the s p 500 in 64 days. That happened earlier today. That kind of call market has not gone back happening to all the way back to the 1960s. Nasdaq, intraday high at the open. It has now pulled back also more than 1 . Melissa said it, financials feeling the most pain. Beyond yields moving as well. Small caps are have thing the russell of all. Russell 2000 down the most of all the major indexes. Tyler . Im tyler mathisen. Second day of confirmation hearings under way for president Trumps Supreme Court pick, neil gorsuch. Preet bharara will join nyu law as a distinguished scholar in residence, he was fired as the u. S. Attorney for the Southern District of manhattan earlier this month. And days of heavy rains triggering the worst flooding peru has seen in decades. Look at that amazing video. A man washed away, as tries to drive cross, ill advisedly, obviously, a flooded road. More than 70 floodrelated deaths
Group could go from here. And can you believe it . Check out oil and gold over the past month. Gold up 5 , oil up 12 . Is the commodities crush finally coming to an end . Well look at that. But we start with the stock market. Earnings season front and center for investors. The big banks kicking it all off. Dominic chu is here with what investors need to know ahead of next week. We have a big week, 33 s p 500 companies or thereabouts will report next week. Lets take a look at the expectations because theyre not very good. Overall look at the s p 500 yeartodate. Down 2. 5 well call it. 2. 5 , and then over the course of this time we want to make sure earnings could be a catalyst. On average according to thomson reuters, if all analyst estimates come to fruition we could see an earnings decline of around 4. 5 over the same quarter last year. The best performers in terms of Earnings Growth anticipated to be telecom stocks. Theyre a small sector, nonetheless 11 gain. Consumer discretionary,