European banks got hammered. The euro stocks down, and that spread over to the u. S. Year, could not recover data at 1 across the board. Joe at one point, it looked back, butuld bounce it was a brutal day for emerging markets. Everywhere you look, wiping of the gains we saw yesterday. Alix utilities may be a little bit in the green. Highlight a couple stocks, one is apple. Did not participate in the sellouts today, reversing its downtrend. The best again in five weeks, quite a reversal since earnings last week. I did want to put the rally into perspective. 250take apple versus its day average, that is a bananas chart. Much lower it is then all those averages, and how quickly it got there. Joe a nightmare. Alix there you go, the title for that. And twitter, another record low for the stocks. Talk about earnings slumps. Hitting a another record low today, now down 20 , over 20 since it reported earnings. Is unbelievable, that that is a five day chart. With the risk sentiment we saw in eq
Domestic economy. Dramatic capital outflows everyone is pulling money out of china. It has been going on all summer but the reaction in the market on the losing of Monetary Policy is amazing. Across all Asset Classes, futures up across the board, a gain of 1. 5 on the nasdaq. Everything is gaining. Looking at the 10 year yield, rising as investors sell debt to buy riskier assets. Take a look at european stocks, up across the board. The dax is up 3 . The rest are following up. If you look at commodities, you see gains in copper right now. You see gains in gold right now. You see gains in oil right now and you see movement and currencies as well, the reaction has been global and swift and dramatic and its been across the board. David lets hear the first word vonnie area with begin with american airlines, the company had a better than expected thirdquarter. Earnings Beat Estimates. Says fuel prices helped. Jack dorsey sharing of wealth as he donates 1 3 his stock to employees at 200 milli
Low for a considerable amount of time in the united states. Could they be pushing back the timing for Interest Rate increases . That has been helping with advertising in the u. S. We have seen earnings on the upside, continuing. The s p 500 just off a record high. Ansumer confidence jumped to sevenyear high in the united states. Generally, there is a positive feel out there. Helping stocks in europe, helping u. S. Treasuries. We have seen bonds continue to see a downward trend in yields. 2. 29 is where it is at. Still no hint of a rate rise in the u. S. We are seeing appetite for italy and spain this morning. Of course, this appetite for risk coming back. We are seeing germany sell off a little bit. I want to get into some of the big movers here in europe. Key foldsecting some on the back of a couple of earnings. Deutsche bank posted a thirdquarter loss. , we wereovisions talking about it with ubs. Deutsche bank too having to cover the cost of litigation. Did they manipulate Foreign Ex
Clear. I am not sure if this is going to be the case. It looks like we will be stuck for these delays in the drive time was 11 minutes. But now the drive time is 18 minutes. I would expect that number to double before too much longer. West 80 is already getting very called the. San have below is our alternate route. That is only going to work for 10 to 15 minutes because once this is loaded it will be slow. Right now, people are waking up to low clouds and drizzle. Were not seeing any raider but were looking at the possibility of isolated showers. The temperatures are in the 50s. Partly cloudy conditions for the afternoon and by 3 00 p. M. Los 60s along the coast. We do have the warming trend to talk about. I will have details on that coming up. A richmond teacher arrested on suspicion of sex crimes with students at another school where he once worked. Kron 4s will tran is live in richmond with the story. The Police Department showed up here at 8 00 a. M. Yesterday and went to the clas
Were going to talk to one governor who has been cracking down after a spike in his state. They are hitting the beaches, and the bars. How do we get the economy rolling while living with the threat of coronavirus . If thats a bargain we have to make, we are investigating. At the democrats insert here in washington, another 3 trillion package. Within hours, nothing but a progressive wish list. Of this or any effort on anything to get america working again. Millions of jobs and businesses heading we got it all, welcome to fox news that nice. Im Shannon Bream in washington. Chief breaking news correspondent trace gallagher. And an idea by the economist, they argue will allow us to more safely and more safely reopen. Trace over the last eight weeks, here at the top 20 states. States. At kentuckys number one with more than 36 of its workforce to filing for unemployment. Pennsylvania with a 27 of workers, and even minnesota, which is ranked 20th had more than 20 of its labor force file for be