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Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through ....
Back. Buoyed, they still think they can cobble together a stimulus deal and theyre getting a little closer. Theyre about i think latest indication about 600 billion apart. Democrats coming down to 2. 2 trillion. Such a steal. Such a buy. Republicans have been whispering about 1 1 2 to 1. 6 trillion, who knows. That that is a development few saw coming. Were 24 hours away from the big debate tomorrow. So that could obviously test these markets. So far not too flummoxed about president s taxes. Well see as we get on here. But that tax report we want to lead off front and center ahead of the big coverage planned from tomorrow night. How much the New York Times report, 5000 word plus investigation that goes into the president s taxes over the last couple of decades. The signature of both days developments is that, for a lot of those years he didnt pay any taxes and for at least the latest two years, these do not include the 2018 and 2 ....
All the fast moving developments. The back to improving trend here but the markets are chewing on that, i guess assessing not improving fluff. What is your take . I agree with you. If you look at continuing claims, they have fallen pretty dramatically. The weekly claims there is sense by the market to keep the momentum going. Maybe that is a stimulus package. We dont know. Obviously the market takes it as a slight negative. We have had in the economy last couple months is housing boom, explosion in building. It has driven up commodity prices. Lumber prices. Multiyear highs. Multidecade highs. There is a concern that may cool off a little bit. Housing starts slowed down a little bit in august. There is a little bit of concern, that maybe that bright spot in the economy is starting to go down a little bit but not so much if you look at the oil market. Look at the oil market it is kind of signaling Better Things ahead. Weve seen a big ....
Months here but nevertheless that news was a good excuse to start unloading tesla shares. Do not, do not feel bad for elon musk though. He is still comfortably worth in excess of 103 billion even with the falloff today. We are following a tale of two president ial candidates in wilmington. Not the same wilmington. President is heading to wilmington, North Carolina. The former Vice President , wilmington, delaware. Both expected to continue concentration in battleground states. At the same time reminding americans that each has the secret to make them feel better there is sentiment surveys out today that really confirm were bummed out as a country. Were getting to the bottom of that. Why are we bummed. Why are we dim on our own prospects here . Cuts across republicans, democrats, im buying this in pockets, even guys like new age are really morose. Im not morose. Depending if l ....
Much stronger than the headlines is brickandmortar to emerge, which would be a good fit for your portfolio, will the s p 500 finish the week at a new alltime record high . While Congress Goes home to practice, while we assess what happens with the economy, were gonna take a look at whats going to happen, lets say they dont do anything until september, we have a great economies joining us soon and President Biden blasting joe biden romans ago for not giving american households a lifeline, you heard the numbers and wait till you hear what President Trump will do, then theres the masked debate, has tails wagging, could it hurt his election chances in a major milestone the sum of the president harsh critics agree is huge, were talking about middle east taken a giant step closer to ever elusive goal of having peace in the re ....