Last three years. An intriguing session in shanghai. The composite staging a huge comeback after a volatile trading session. Hong kong shares in the red. We have Ralph Acampora. European banks taking a hit as the future of greece and the euro zone hangs in the balance and well look at the true cost of a greek bailout. Meanwhile, gopro unveiled its smallest camera ever. The stock is not getting a lift on that news. Well hear what Ceo Nick Woodman has to say. You can carry all these things around. You put your phone up here too . No i dont. Crude oil in a tailspin. Jackie deangelis live at the nymex. Good afternoon. We saw oil shed 4. 40 to finish the session at 52. 53 selling pressure intensifying as we got towards the close. You mentioned demand. The situation in greece pushing us over the edge. Here in the United States gasoline demands falls off after the fourth of july weekend. You have the perfect storm to go lower today. We are also watching Nuclear Talks with iran. We know from s
Coming the new bellwethers it could be argued that ge has not been a bellwether for a very long time. Meantime tesla shares also under pressure today over under certainty around whether the electric vehicle maker will be opening a new factory in china were going to separate fact from fiction on this one. And after the bell, soon youll be able to order takeout directly from the amazon app the head of amazon payments will be joining us exculusively to talk about the ecommerce giants latest announcement. Everybodys getting into the Payment System business right now apple pay, amazon pay. International, too. Alibaba pay, ali pay. Absolutely. Lets get to the top story out of washington. That would be tax reform and a major change being floated by republican lawmakers that could have a huge impact on your Retirement Savings cnbcs ylan mui is in washington with that story. Ylan reporter bill, a capitol hill source told me they were looking at lowering the limit on how much you can contribute
Good morning, im annie yu. And im Steve Chenevey. Welcome to fox5 news morningorng on this friday morning. Friday mg lets start with some securitytr news for you this morning. You were just a few days aways away from the big fourth of julyh ul celebration on the mall. And with tens of thousands ofhos people expected there u. S. Park police are stepping up security. Thats right metro is alsoghs gearing up for the largeing f crowds and fox5s Lindsey Watts joins us from the National Mall with offerin everg you need to know. Yo reporter the smith joan smih folk life festival is set up set behind me and were also seeing preps for the big showpsb on monday. Mda obviously this is a huge h weekend for park police and a they are taking a lot of steps s to make sure everybody stays sta safe. Sa on monday, theyre going to be o eight security access pointssoi where they are going to beo checking all your bags, all your coolers, all your back yr packs and here are some things t that you definitely
Lets get to bob pisani on the floor of the New York Stock Exchange. This is what it sounds like when doves fly. Very good. That was a good song. The important thing about it is since yesterday, were up 1. 5 . The s p 500, we turn positive for the year. Lets look at what the markets are doing in the middle of the day. Brian is right. Were in a bullish situation now. Two to one advancing declining stocks. New highs are expanding 200 at the nyse. Volume is on the moderate side. Volatility, well, the vix is at new lows for the year essentially. So lets take a look at the s p 500, we are at highs for the year and, yes, thats only about up 1 . Well take that and most of those gains for the year have come just in the last 24 hours. Big caps, new highs, i mentioned some expansion of new highs and we have ge and coke and johnson and johnson, all names you know at new highs. United health. We track that on an intraday basis. Travelers also on the upside here. So most of the new highs recently ha
Stock. Thatll be coming up a little bit here. We have an apple countdown. I love that. It even looks like an app in some ways. This isnt your markets countdown clock to be sure. Tesla taking off today, the electric car maker making a big announcement. It could mean a new revenue stream for the company. Well explain that one for you. We have the details coming up. Very, very very interesting. Also, a crude reality check, oil backing off of the rally over the last month here. Finished lower today, were around 56. 95 we have two sides of this story, whether or not this recent run higher for crude oil is really over or not. Its very important question for the fed for Interest Rates, and the economy down the road. Another disappointing dallas fed sur stla morning as we assess the damage. Lets start where the markets are right now in the final hour of trade. We are seeing pressure across the coverages. Its a little less than a tenth of a percent. S p down significantly, broad index down 2112