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Numbers, 8 30 this morning. We knew it was going to be bad because bricks and Mortar Stores have been largely shut down, and it was bad. April sales down 16. 4 in april after dropping 8 in march. So heres the market, with just minutes to go to the opening bell. Red ink all over the place but not as bad as it was. The dow off about 180, 25 down for the s p, 121 down for the nasdaq. Thats of course inspired by apple, which is way, way down this morning. What were looking for is how fast we can rebound on the other side of this really bad Economic News. Thats the other side of the coin. The great reopening. Which gathers steam this weekend. There are only a handful of states that are still trying to enforce a complete lockdown. This will be a test of our willingness to get out and about, our willingness to travel, eat out and shop. This is important. We need to open the economy. W ....
With xi jinping at the g20 summit in japan. The leaders agreed that there will be no more new tariffs at least for now and the talks will continue. President trump also making history during his asia trip over the weekend, becoming the first sitting president ever to set foot in north korea. He met with kim jongun at the dmz. The two sides agreed to restart nuclear talks. Weve got a lot to go at this morning, including new developments out of hong kong and iran. Varney company starts right now. David more protests in hong kong. Lets take a live look at whats going on there right now. They broke into government headquarters. Susan, whats this all about . Susan its interesting that the chinese president xi jinping, as he was meeting President Trump at the g20 on the sidelines, he probably had some other issues in mind including the ongoing protests in hong kong. These protesters have been ramming and making shall we say they have b ....
How about china trade . Thats a standoff. Lighthizer and mnuchin have been on the phone to their chinese counterparts. The chinese say we called them. President xi and President Trump will meet just within days. Back home, a standoff on money for the border crisis. The democrats cannot agree among themselves on new cash for detention facilities. Children are suffering. A vote on emergency aid which was supposed to take place today might not even make it to the floor of the house. Just wait until you see how gold and bitcoin are reacting to all of this. And wait until you hear about a massive 60 billion buyout in the pharma business. Lets get on with it. Varney company is about to begin. Stuart right. This is a whopping great big merger. Got to tell you about it. Abbvie says it will acquire allergan in a deal valued at 63 billion. Ash, what does allergan have that makes it worth this huge premium offer . Ashley nearly 16 billion a ....
Overall, stocks are moving slightly higher ahead of the opening bell. Remember, this is a shortened day of trading because of the july 4th holiday. The market closes at 1 00 p. M. Eastern for the fourth of july. We are remembering an icon in the Business World. The ultimate salesman of all time, lee iacocca, has died at the age of 94. Hes best known as the father of the mustang and for saving the company chrysler. Well have much more on his impact throughout the morning. Varney company starts right now. David President Trump is changing the annual fourth of July Celebration in the Washington Mall thursday. It will include a flyover by military aircraft, more fireworks and the president will even give a speech of his own. The president is already tweeting about i ....