This is 19yearold. Thats my son. You know. I love him. That was my son. You know. Charles emotional father speaks out about the loss of his son as the experiment in anarchy was terribly wrong. We have a big show for you today on making money. Charles all right, folks. Stocking jumping big time after a monster record breaking june jobs report. Get this, 4. 8 million jobs added drooping unemployment level to 11 . President trump commenting on one of the highlights in todays report i would like to focus on, manufacturing. Manufacturing looks like it is ready to take off at a level it has never been before. A lot of that has to do with trade policy were bringing manufacturing back to our country. He is taking a long time to get going and theyre now going. So these are historic numbers. Im really happy when i see 356,000 manufacturing jobs. That is just a small number compared to what it will be soon compared to our great trade deals. Charles lets bring in Fitzgerald Group principle, keith
Are still 34 up from the lows we saw three months ago. Remember nasdaq closed at record high above 10,000. That milestone just yesterday. Fox Business Team coverage, blake burman with the latest from the president. Well kick it off with Lauren Simonetti on todays selloff. Lauren . Lauren melissa it spared almost no one today. Investors are still reacting to the federal reserves cautionary tone about the recovery yesterday, along with the cautionary tone from the pandemic itself as more states report more coronavirus cases. That is raising fears of that second wave of infections as the economy struggles to recover. Another 1 1 2 million americans filed for Unemployment Benefits last week. Number have fueled, received aid for two weeks stands at 21 million. Stocks that have outperformed as the country reopens are the ones getting hurt the most today, like travel shares. Look at some travel names. Many of them have doubled sentence their lows in midmarch. So they still have more selling p
Ppp money that he took . And, of course, today juneteenth, and the calls are louder than ever to make it a national hospital. What i think this means for our nation. All that and so much more on making money. Request. Charles so this week has seen extraordinarily light volume, a negative breadth which has been masked by these innocuous closes, right . Down days nothing dramatic. Now, one dilemma i think particularly for Institutional Investors is getting forward guy dance right and valuations. Its certainly understated right now that earnings are going to be a lot better than official wall street estimates. Now, in a different environment the current valuations would certainly be a major deterrent. Many old school investors are hesitating. One thing are these yields across the board on stocks, bonds and other investment instruments. Is so more than likely the catalyst to sort of get them off the sidelines and that big money into this market would be higher markets. Of course, the highe
Political price to pay. President trump also getting down to business while he prepares his plan to address the issue of racism, policing, and the evolving opinions of america. What should we expect to hear from him . I have one of his top advisors coming right up. All that and so much more on making money. Charles i want to begin the show with the notion of always having to assign a reason to every move in the market beyond the idea of more buyers or sellers or more sellers than buyers. What makes this happen is sometimes pretty obvious what makes the market go around but sometimes it is a mystery. But its also reported as fact as the Financial Media is typically echoing the same talking points, but those talking points are often generated somewhere and often have nothing to do with fact or even honest opinion. Yesterday i got to admit, i was livid at the notion that the market sold off on a quote unquote spike of covid19 cases. The so called spike wasnt even close to numbers in recen
On the chin. Again what the experts sort of give they can taketh away. When Jerome Powell talked about the fact even with the flood of stimulus weve already seen, good idea to see more stimulus. He didnt put a dollar figure behind it. The Federal Reserve has spent trillions backing up businesses and banks by buying treasury bonds, corporate backed securities, etfs, and to back up corporate paper. That is unusual, in this particular case unprecedented. He seems to signal we are not out of this by any means. These delays in openings here as we heard new york metropolitan area, broadway doesnt do anything until at least labor day. People add up, lets push stocks down. Now there is good news though. We always want to posit that. Favorable developments on the new york state area, new york city to the point and new york area hospitalization as key level looked at closely continuing a decline has been better than two weeks. Anyway, we have David Lee Miller following all of those new yorkrelat