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
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Well tell you why traders are betting on an even bigger run. Later, airlines lower as they prepare for what could be a slow september the former ceo of continue nenal airlines will be with us to explain what the new normal may mean for travel stocks kelly evans is back. Welcome. Power lunch begins right now its the s p 500 sitting close to its record high now the wild market ride has brought a resurgence of the retail trader bob and kate are standing by with more. Bob, lets start with you in these record highs we are on new high watch and for the s p as well as the nasdaq and whats brought us there, thats a very familiar pattern. We have seen it many times its essentially Technology Stocks thats with megacap stocks moving on the upside sectors, its technology thats been leading the way we see banks, energy and industrials lagging there. We had many rallies in those cyclical value names banks, the energy and the industrial names over the last few months in various occasions including ab
Coverage. Blake burman at the white house. Edward lawrence in washington. Well start with you, blake. Reporter jackie, last night during the Coronavirus Briefing President Trump first floated this idea of him potentially going down the path of trying to get a cut on capitalgains taxes going forward. Here is what im told according to sources. Right now the white house is exploring that idea, looking into it and doing so via the form of an executive order because there would be little to no appetite within washington, d. C. Right now of doing that legislatively, especially when you consider what the grand picture is with everything. Weve just heard some of it from Mitch Mcconnell within the last half hour or so. Both sides, democrats, republicans, still 2 1 2 trillion dollars apart. Both side right now not even talking. They are also acknowledging that this is going at least for the moment, nowhere. Watch. We are i will two sit down as long as it is a serious negotiation. Thus far it has
Comey, clapper, the whole group, we caught them spying on our campaign this was was an illegal act like no other illegal act. This was treason. This was at the highest level of treason. And obama and biden got caught spying on my campaign, using intelligence agencies of the United States government to do it. Both before and after the election. So before the election, then after i won they continued. It is totally illegal activity. Now we have to see whats happening but as far as kamala is concerned, she is a big tax raiser. She is a big slasher of funds for our military. She has got a lot of difficult things that she is going to have to explain. Plus she was very, very nasty to one of the reasons that surprised me, she was very, she was probably nastier than even pocahontas to joe biden. She was very disrespectful to joe biden and it is hard to pick somebody that is disrespectful when she said things during the debates, during the democrat primary debates that were horrible about sleep