Talk to the county executive steve malone about the plans he has to reopen the beaches out there, and also, youll meet a very creative local Business Owner who has managed to turn his restaurant into a drivein movie theatre of all things so all thats coming up busy hour ahead first though fox Business Team coverage of our top stories here on a friday with blake burman reporting from the white house but we start with lauren watching the markets for us here is to wrap up the week. Lauren . Lauren hey, connell very quiet session, ahead of a long Holiday Weekend stocks actually traded in the narrowest range in three months and in the end i thought the dow was going to go positive but it fell about nine point, s p up 7, nasdac up 39. The sectors that led the weeks rally, energy, material, financial, they led todays retreat and you can see that if you take a look at the laggards on the Dow Jones Industrial average today, chevron, caterpillar, boeing. Investors weighing opposing forces connel
Significance, that infection rates fall after lockdown orders are lifted. Repeat, thats jpmorgan saying that. Big deal. All right. Now listen to this. Scuffles between probeijing and prodemocracy hong kong legislators. Why are hethey doing that . Thats the wrong tape. Show me the legislators scuffling, please. China just moved to take control. Those freedoms promised to hong kong when the british left are being wiped out. U. S. china relations turning very sour. Initially, that didnt go down well on the market. Futures turned south but then substantially recovered. Right now, were up about 20 points for the dow, modest gain for the s p, tiny, actually, fractional loss for the subpo p. This is a very important day. You will see the president at the white house saluting veterans. You will hear from officials and businesses across the nation about the great opening up. And we will tell you what you are allowed to do this weekend, and where you are allowed to do it. Varney company is about
Hotspot while infections in india rise at the fastest pace in asia. Zealandsnks new postvirus recovery. We are joined this hour by the rbnz governor, adrian or. Orr. Haidi lets take a quick look at markets. We saw that exuberance over the Moderna Vaccine progress really dissipate quickly. We saw the late session swing when it comes to trading in the u. S. As it has concerns over the efficacy data from moderna causing some concern. Take a look at the futures in asia. We are seeing downside when it comes to futures trading in japan, australia, and hong kong, although we are looking at a little bit more of a positive open when it comes to trading on the mainland, and just also keeping an eye when it comes to Energy Markets as well given that we are starting to see backwardation between that june and july contract for the wti, suggesting some of the storage issues have started to ease. Lets take a deeper look at the markets. Investors are increasingly debating whether the broader stock mar
Get them off the streets. And as professionals. Good season without fans in the stands. Manager welcome to the Program Health experts and diplomats are taking part in the World Health Assembly the governing body of the World Health Organization the focus is on the. An unprecedented challenge for the north shore in a virtual address u. N. Secretary general. Said the walled was paying a heavy price for its lack of cohesion in responding to the pandemic he also criticized countries that ignored the recommendations and so helped facilitate the spread of the corona virus. Also speaking to the assembly was german chancellor and you know medical or renewed her support for the w. H. O. She called for more Cooperation Among nations to tackle the pandemic here is what she said. Grace would say cocoon of you was punin you know i am a desire not going to virus pandemic has shown us that we need to do more globally in Prevention Research and the strengthening of Health Systems thats the theme direc
That the worst of this may be behind us. And they can start thinking about what the recovery is going to look like. Someet i know we have earnings coming out. Romaine travel companies will be reporting after the bell. On booking, what we are looking at, the g1 numbers coming in at 2. 29 revenue. That was the estimate for 2. 15. Well belowitda estimates. The estimate was for 363 million. So, no real forecast here. The company did say that covid19 would profoundly impact the travel industry. We will dig deeper to see if we can find a little bit more about any Forward Guidance for the company, basically saying they would emerge from the crisis in a position of strength. Scarlet right now, this is something that all companies are open for, to come out in a position of strength. For we go, i want to get an idea from you. This is something that Joe Weisenthal posited this morning. How much do you think this equity market rally has been premised on the idea that there will be more stimulus, a