Not enough to keep any of the majors in the green, dow and s p are about to snap five day winning streaks while the nasdac which did hit a new intraday record earlier has now reversed and probably wont likely see its fifth Straight Record close still what a week its been for the nasdac. One of the top minds on wall street is here, to make sense of all of the market monster moves this week. From the tech rally to golds jump about 2,070 an ounce and bitcoins come back, and we have a fox business exclusive you cant miss his perspective. Telemedicine also in the headlines after President Trumps executive order promising the government will pay for americans to use it, and the big emergencier of course but their competitor is a company thats smaller, and the ceo of dario health is here on the consolidation in the medicine worlds new normal and what his company does differently, its a fox business exclusive, and the end of the pandemic lockup has driven people straight outdoors this summer,
Debates backtoschool, voters are not allowed to see or hear him say those words. Almost immune. We have a lot more on this, believe me. Lets get straight to your money. An economic indicator, here it is, 1. 19 million new jobless claims. That is the lowest number since the economy tanked. It is very good news for the recovery. The trend in new claims is flat out down. The dow industrials taking a little heart from that. We were lower, now were going to be up maybe 30 odd points. Not much of a gain. Theres a lot of green on the lefthand side of the screen. The market story is the march to new highs. The techheavy nasdaq already hit several records this week. The dow is at the 27,000 level. Thats up 8,000 points in four months. Theres a lot of very positive news in the background. Positive vaccine news. That helped. Dr. Fauci says well have tens of millions of doses of the vaccine available early next year. Heres another plus. If congress doesnt come up with a virus relief package, the p
Everybody. Thanks very much for joining us this morning. Im maria bartiromo. It is monday, march 4, you 7 00 a. M. On the east coast. Time for the hot topic of the hour. Customs and Border Protection data revealing the number of chinese migrants encountered at the san diego sector of the southern border is exceeding that of mexican nationals now. Chinese nationals who are coming to the country look largely military aged and they are coming in consistently. I spoke with kansas senator Roger Marshall on sunday morning futures about the explosion of these nationals coming in and what theyre doing once they get there. China backed Human Trafficking traffickingand massage parlors t a front. The chinese triad, an organized crime unit, multinational, been around for hundreds of years is behind this and wherever youre seeing fentanyl trafficking, youre going to see Human Trafficking explode as well. It goes back to the chairman mao when he had ccp labs making methamphetamine precursors, now th
The fed releasing the monetary report to Congress Ahead of testimony next week. We go to cayla toushy. In the blue print, the new chair sticks to the script touting data base decisions, a strong labor market, and inflation that is moving toward that ever important 2 target. It should be noted that in this report the majority of fed members said they saw inflation at that target by 2019 and stabilizing at that target over the next few years. They did say that theyre monitoring the effect of online retailers and international effects on that inflation level over time. For unemployment, the fed report said that hourly wage growth has been moderate but the labor market is near or a little beyond full employment at this point. For 2018 and 2019, the median estimate is 3. 9 ticking up to 4. 0 in 2020 as for the markets, the fed report pointed out that notwithstanding recent weeks, that is the mention to volatility that weve seen in the markets that equities remain higher and bond spreads hav
Inc. Portfolio power lunch starts right now and happy friday your money carving out decent gains in the major indexes the dow trying to end the week higher just like the nasdaq is doing. The nasdaq is now more than 5 for the year melissa highlighted general bills and blue buffalo and if you are investor, go home and give your dog a pet tonight because that stock is soaring. It is up almost 17 . Other interesting stocks today, go daddy hitting a new alltime high on pace for its best day since august of 2016 Red Robin Gourmet Burgers rallying and Planet Fitness strong on the earnings and out look now to michelle. You have to work out after you eat a red robin. Thank you. The dow is up more than 200 points and lets get to the Market Action here on the floor. Bob pisani joins me. We are watching to see what happens for the rest of the day. Because were just off the highs. Look at the s p 500. Every day this week there has been i g a gap up and then we move down and close near the end of th