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Early investor will join us to talk air bnb power lunch starts right now the markets are at all time highs. Usually means great things on wall street but means much worse on main street these days. Well get to Steve Liesman for more on that lets start with bob on the market the low print was at the open were 25 points above that its the same pattern that we have seen for a while now. That is Technology Leading and consumer discretionary, amazon mostly, pushing the market to be upside industrials, energy and banks and energy has been on a downtrend for the last six or seven trading sessions and so have bank stocks they had a brief rally about two weeks ago. They have been down on trend for the last six or seven trading days i mentioned the ten new highs but were at new highs its because the megacaps continue to move the market forward. You get the big five moving up that pu ....
That. Right i think that the shock value of that is maybe more, lets say, the bark versus the bite i think that theres a belief that we could get a lot a much better picture of what the Health Situation is going to be like in november so its a little premature to be able to say what the president is saying and its certainly contrary to what he was saying about the idea that we do have a vaccine very soon. If we have a vaccine very soon why do we have to delay the election and why does it have to be crooked i think you cant have it both ways you can have the vaccine come out and have a gd election or you must know that the vaccine is not going to come out and you will have what he just tweeted but whatever it sows chaos and chaos is bad for the stock market. We did get some promising vaccine news out of j j as they move to human trials in the u. S. And belgium the earnings which we will talk a lot about this morning are basically ....
Threatening plans for millions of americans. The latest on the weather forecast. If those iconic macys balloons will take flight in the parade here in new york tomorrow. A warning for shoppers ahead of black friday. Major retailers are selling recalled products. Melissa oh. Connell confession of a star wars actor. Well tell you who is behind leaving the rise of skywalker script behind. It ended up on ebay. Melissa i wouldnt want to be blamed for that. Fox Business Team coverage. Hillary vaughn is watching the ustr. Blake burman at the white house. Gerri willis on the floor of the new york stock exchange. Lets kick it off with hillary. Reporter melissa, we saw mexicos trade team under the secretary leaving the room from talks. Chrystia freeland is also landing soon in Dulles Airport in washington. She called in for the first round of negotiations this morning. She said what she ....
And fan are flying high. It is friday, it is july 19th fbn am starts right now. For a minute i thought that heat outside took the music out of the show but it is back and hot outside. Welcome everybody to fbn am and good morning im cheryl casone. Did you have a great birthday . Good morning after the big day. Good morning everybody happy friday im lauren simonetti. Lets take a look at how money folks is moving on this friday. The heat so on for the markets look at this. The dow is up 108 in the premarket and looking for the rate cut and nasdaq is up 35. Officials saying they might act fast in cutting rates and yield on tenure treasury up two basis points 2. 04 . As we were talking about more develops overnight with iran lets fake a look at oil right now. We are high per were at 5585 thats a gain of 55 cents. Stocks in asia closing out the week. In the green look at this nikkei in japan gaining 2 other markets 9 . Imf and in u. K. Green across the screen over in europe. Lets get to our ....