Joe biden making that final push to win over voters just days before the election. Brian sullivan lays out the big guide in one big battleground stooit stat state. And well go live overseas into the deep dive an app hes success. Youre watching World Wide Exchange good morning, im dominic chu in for Brian Sullivan. Lets get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. S p by about 49. And the nasdaq lower by 220. Well get in to that more. Stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3 and nearly 6 so far in just that short time span alone. It is also the last trading day of the month and october proving to be a tough one for investors. The dow down nearly 4 , the s p down 1. 5 . And the nasdaq with a fractional gain, although we know the nasdaq
Day event. Our new betting week close there, never to be seen again, perhaps . Barstool sports has put Penn National gaming stocks firmly in the lead, but nearly a month after its recordbreaking rollout, whats the next may for Penn National gaming whose stock surged 153 year to date . Penn national Ceo Jay Snowden is here in a fox buzz exclusive. Plus business exclusive. Plus, weve got the woman who traded Silicon Valley for the heartland and now has her homegrown products flying off amazons digital shelves. But first, we begin with a fox business alert here. Investors are pulling back the reins on workhorse at this hour after it gallopedded ahead at the opening. Take a look at the utility maker. It secured about 200 million in funding from institutional lenders in the form of senior secured convertible notes due in 2024. So you can see where we opened, above 30 a share. Right now were at 27. 05. So really pulling back, and possibly just getting to the flatline from where it closed on
Points, s p is now down 17, nasdaq is down by 18. A couple things going on. First and foremost, last day of the quarter. Just to give you a sense of whats going on with the markets, obviously the s p for the quarter down about 19 . Thats as we were going into today. The dow down about 22 as we were going into today. Now, if the dow closes at about 22 lower for the quarter, this is the whole First Quarter of the year, we havent seen that kind of low for the dow since 1987. The s p 500, again, down 19 and that would have been a level we had seen back in 2008. Theres a lot of things going on right now. Obviously we are looking at potentially an economic contraction, if you will. But some of you are saying this might not necessarily be permanent but its something certainly to watch. We are going to get the adp number tomorrow at 8 15 a. M. Eastern time. Lot of layoffs going on. Obviously we are going to keep pounding on investor psyche with all the industries furloughing workers during the
Its forecast for the year, disappointing. The problems are wellknown. Its Energy Business continues to reel from low oil prices. Its transformation back to a pure Industrial Company yet to take hold. Investors were not pleased with ceo jeff imelts final earnings report. The stock which hell likely own in a mutual fund, an etf or retirement account was off nearly 3 how deep did do the problems at ge run . Just take look at this. General electric the worst performing dow stock since mr. Imelt took over in 2001. Off 36 . Turning things around will be up to the incoming ceo. But he didnt offer any details of his plan during his guest appearance on todays Earnings Conference Call. Dominique chu has more. If theres one word that could be used describe story. In some ways, while ge did reiterate its current year guidance, incoming Ceo John Flannery spoke on the companys Earnings Conference Call about my official start date is august 1th and a full review and be back to investors in the fall w
Bernie sander has a 9point lead over Hillary Clinton. Sanders holding aurally in madison at any moment. Despite the numbers, clinton focusing on new york. The senator holding efnlt in event in wisconsin. On wall street, markets heading for new highs, the dow jones up 100 points. By the way, we are less an hour to the closing bell. Im Ashley Webster for liz claman. Lets begin the countdown. Its the countdown. S p 500. The dow up 156 points at one point today. Has come a bit. We will take it. While the markets seem to be having some spring fever volatility or the socalled fear index hitting lowest level since october. Things calming down a little bit. Oil settling at 38. 39. Snapping longest losing streak since january. Metlife nearly up 5 all of defeating the government and reversing of the labeling of it being too big to fail that comes with alls of regulations, other insurers on the move. Met life, prudential, all moving higher. But we begin with fox Business Team coverage of the batt