And that because your point on bonds. Right now we have the 10 year yield backing up six basis points on the week, up 14 basis points. The worst week for bonds going back to august. Bonds selling off. That pushes yields higher on the idea there is some kind of recovery happening around the stimulus. It is going to be interesting to see whether or not the 10 year yield can break out of this range. David we will have to watch that carefully. We knew the job numbers would not reflect all of the covid surge, but we did not expect them to be showing downward trend before the covid came roaring back. To take us through what the numbers may indicate we welcome douglas holtzeakin, president of American Action forum. He earlier served as director of the Congressional Budget Office as well as chief economist under president george w. Bush. Great to have you back with us. Disappointing on the downside. How much should we read into that . Douglas the real significant piece is on the Household Surv
On the year did not deliver perfection, so we have the big tech stocks selling off. That is a big market drag. Looking at the worst week going back to march. David but they are not buying bonds. What is that about . Abigail it is interesting they are not buying bonds, they are not looking for that haven hedge against the stock. It tells you may be investors think the text selling will be a oneweek type of thing, although a second week in a row, or it could be to your point from earlier around the fed, the ultimate buyer so it some point the fed will be back in. Not that big of a deal. Harder to look at bonds as a cross asset tell given the fact you do have the fed in their. You have the yield curve steepening. That could cause stocks to get more jumpy. It is healthy to have the yield curve steepening, but it can create gyrations. We have oil lower. Do your point they are selling everything on this friday. Guy thank you so much for that report david site you thank you so much for that r
Entrusted with getting unemployed americans back to work. Labor secretary Eugene Scalia joins us live. We are going to get the scoop from scalia on how urgent the situation really is right now. Retailers among those of course hit the hardest by the coronavirus pandemic. We have the founder of one of the most visionary Mall Developers in the country. The grove in l. A. , i dont know if you have been there, its one of his. He is here. Caruso founder rick caruso on how hes making his california dream of safely reopening come true. This is a fox business exclusive. You got to see what hes doing. And netflix has emerged as one of the top pandemic superstars. The streaming giant reports earnings after the bell. Our allstar panel digs deep into the numbers with the one number that may tell you the whole story before the Earnings Results even come out. You have to stay tuned for that. But lets get to this breaking fox business alert. Treasury secretary Steven Mnuchin seen here arriving at tel
Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
Tampa. And joe biden also in floridaed today. It was something of a duel, a e competition. But biden was rallying in front of a few dozen automobiles in a place called coconut creek. And he was screaming in the parking lot while his supporters stayed an appropriate distance and honked their horns. Appropriately, of course. And President Trumps second scheduled rally of the day in fayetteville, North Carolina, had to be postponed because of weather, because of high winds. President trump, though, only postponing that rally. He will add the rally to his already full schedule. He will be there on monday, and tomorrow hell be in minnesota and wisconsin as well as a planned rally this saturday in pennsylvania. President trumps trip to tampa today following great news for the country and great news for the president s reelection bid. News today that the economy roared back from the lockdowns caused by the china virus. Third quarter gdp growth coming in at an asson the you shouldinging astoni