All the tech stocks. More on big Market Movers coming up. First, here is what is new at this hour. President trump striking back. He is slamming democratic leaders. He says theyre holding up trade progress during day three of the public impeachment hearings that have been going on on capitol hill. Todays second round of witnesses are giving their Opening Statements as we speak. Well bring you any at all breaking headlines from there. Protests paralyzing hong kong as a tense standoff between demonstrators and police is now about to enter its fourth day. A new round of blackouts expanding in california. When hundreds of thousands are set to lose power. Melissa we have fox Business Team coverage. Gerri willis on the floor of the new york stock exchange. Lawrence edwards and blake burman at the white house. Edward, start with you. Reporter weighing on the market, Business Information coming out of a roundtable in china. It included u. S. Business leaders. Current and former chinese officia
Decade, peloton tracking lower thats straight ahead. Stephanie is back. Some encouraging signs on the economy particularly in housing. We talk about this endlessly about the consumer being strong, manufacturing being weak really benefiting from low Interest Rates home sales at a 32 month high. Thats impressive. The other thing is nasdaq is up. This is where the momentum is in our economy. People are wondersing about the consumer i think its a very good sign. I own dr horton, home depot, stanley, black and decker. Im in this trade for sure dr horton is the home builder. We were talking about valuations youre talking about 12 times earnings, one and a half times book value i think theres a lot of pent up demand especially if rates stay low. You have the whole new generation, millennials starting to buy more. S p and dow down 0. 1 russell and nasdaq down more lets go to the ipos we went to peloton wild week for Companies Looking to go public and some names have already recently hit the ma
Money. Charles u. S. Tariffs on chinese i am ports set to increase 15 on sunday but some businesses are saying that they can deal with this, or impact will be nominal. Ceos of Companies Like big lots and Restoration Hardware saying in corporate filings, even the next round would only result in tiny price increases. Consumer sentiment now down for the Third Straight month, it is conflicting information. Get the read with someone with a little bit of skin in the game, former mcdonalds ceo ed rensi. I keep hearing from ceos, they cant prices on to the consumers. Owned consumers are getting worried because im sure theyre rating about this more and more . Being in the Restaurant Industry. I look at all the commodity issues. Frankly we have such a powerful farm market in the United States, most of commodities restaurants use are readily available. There is abundance of lobster right now. So i dont like think tariffs will impact the Restaurant Industry much f youre a large chain building new
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