Gdp to be negative this the First Quarter of 2021. It is friday before a holiday week 59 minutes left in the session down a quarter of a percent on the s p 500. No gobbledy gook coming up for the next two hours here either. Coming up on this show, instead we are going to dive into the latest on the coronavirus and pfizers push to get emergency use authorization for its vaccine with the fda commissioner and pfizer board member dr. Scott gottlieb. Plus, new york city shutting st. Louis down the head of the Teachers Union in new york will be here to weigh in. Lets check on futures mike santoli tracking the margaret as always meg tirrell with the latest on pfizers vaccine and bertha comes has the latest on what President Trump just announced. Mike santoli, lets start with you. Not disturbed so far by the news last night about the treasury pulling the funds from the fed. If you look at the pattern here, it is about a flat week as well. Trading just below the highs we hit on monday. Before t
Storm here now insurers bracing for damage claim as millions remain without power along eastern United States it is thursday august 5 on cnbc. Good morning, good afternoon, good evening and welcome from wherever you may be watching thank you for joining us good morning there are so many big stories to get to everything updated it is looking like this one could be too look at that futures could be higher across the board. The nasdaq making a record fifth straight positive day and 30th for the year. Nasdaq up 32 year to date not just technology. Retail surging the sector etf xrt hitting a high since back before the pandemic stocks and bonds go up yields hit a record low. Closing at a record low 0. 5 we are at 0. 525. Truly amazing. Mortgage rates could tick lower again. Gold stays red hot closing above 2,000 for the first time in history. The new nominal record in the past 13 for gold we have a good market stat in the rbi that you can wow your friends with at virtual cocktail parties. Tw
And joe santoli. Joe and andrew are off today with the storm and everything going on, thank you for being here it was one nasty storm. It did a number when you think about businesses dealing with a lack of power, it is like the plague coming down well start this morning with the markets. Nasdaq with the fifth straight positive day up 22 for the year to date. Pretty good day for the dow and s p. S p indicated up close to 20 points the dow up close to 200 points and the nasdaq up as well. The treasury story has been incredible yesterday, the 10year note at a record low this morning, the yield is at. 526 it seems the context is the same, which is the dollar weaker you see that downward pressure foreign treasuries can buy our equity yield we have bond yields below inflation. That means huge tech stocks that means gold and bonds b. What are the implications for this market and the companion market corporate wise, you have earnings better than give uptype forecast analysts could have a good
Fox news sunday host Chris Wallace pulls back the curtain on d. C. Spending, plus his heartstopping new book count down 1945. And worries about a second wave of the pandemic persist as the black lives Matter Movement charges ahead. The man who checks all the boxes when it comes to this multiple layered intersection, dr. Wayne frederick, not only the president of Howard University but also a surgeon who is uniquely qualified to put it all into perspective. Its a fox business exclusive. What do movie star arnold schwarzenegger, billionaire Warren Buffett and Marvel Super Hero creator stan lee all have in common . They are all part of a new channel for toddlers and tweens Just Launched by Genius Brands. With its stock making an absolute moonshot, geniuss ceo is here in a fox business exclusive on what some are calling the nickelodeon killer. Plus, ebay executives send a bloody pig mask to critics . Making money on Real Estate Investment stocks that dont get freezer burned from the retail
Saying it will reopen 100 stores in the u. S. This week and progress on the vaccine front with heavy hitters stepping in which well have much more on. We will and not just are we excited about the new package there, the music is exciting i had seen the graphic, but i add not heard this music they should just playing through the whole hour to keep people on their toes very dynamic and thanks to the team for making it work. 59 minutes left of the show and big guests to come a huge exclusive with the ceo of merck. Ken frazier. Hell join us as they lay out their strategy to battle the coronavirus. Plus, mt. Sinai teaming one a slew of companies to support front line workers well speak with the ceo and ceo of pinterest. Mike is drilling down on the action meg is tracking progress on the vaccine front and wilfred has new comments from jamie dimon, but mike, first to you on this Broader Market and take ussen inside what are you seeing . Yes, obviously have broken above these levels everybody