Transcripts for FOXNEWS The Five 20240604 21:56:30 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
But it was a positive day in u.s. stocks yesterday. the nasdaq gained more than 2%. the dow snapping a five day losing streak. wall street taking a deep breath after regional bank stocks rebounded. and february s cpi report showed annual inflation eased, though it is still uncomfortably high. prices cooled for the eighth consecutive month. gas prices held steady at $3.47. and the big event today, retail sales number and factory level data due out this morning. i want to bring this chief global strategist at principal asset management sima shaw. and the entire industry is on watch here essentially saying that we should be prepared for more pressure in banking. what does that mean? what we saw over the weekend with silicon valley bank was really the impact from the very,
To the recent downfall in silicon valley bank. looking at marketing, asian markets remain mixed. european markets lower this hour. big losses, paris, down 2%. frankfort down 2%. london down almost 2%. hhsbc has reached a deal to buy the collapsed lender silicon valley bank. on wall street, futures are barely mixed here. the nasdaq up 1%. watching these all night, looking for reaction from that big rescue from the federal government back-stopping all of the dpotetters at silicon valley bank. all of the major averages fell last week. the s&p and nasdaq dropped more than 4%. the dow posted its worst weekly performance since june. gas prices holding steady, $3.47 a gallon. another economic calendar in store. consumer index for february. retail sales, ppi, consumer sentiment, all on tap this week.
Develop this area. but at the same time as you mentioned, the biden administration biden administration announced yesterday they are prohibiting all the oil and gas exploration in the arctic ocean area. so really, what today shows us is more anti-energy, anti-american oil and gas policies from the biden administration under the smoke screen of the willow project deal that they really didn t have any choice to deny in the first place. ashley: should americans be concerned about this that biden is more or less trying to appeal to the far left and approving this will of will project but at the same time, he s cutting the object for millions of acres of drilling? what will this do for the future for oil and gas in the economy? it will make it more expensive. yesterday, the national average for gas prices at the pump $3.47. americans are fatigued at paying
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