The s p and nasdaq shaking off earlier losses closing near the highs of the day. There is optimism out there about a economic recovery and also about hopes for a vaccine. So, optimistic day. We will get to the launch. Well spend a lot of the hour on it. First fox Business Team coverage of our top stories. Lauren simonetti on the markets for us, blake burman in washington who has the latest for the president who is in florida for the launch and Kristina Partsinevelos joins us with news on disney. We start, blake, with you. Reporter connell, melissa, speaking of that launch who wouldnt want a front row seat to it. Exactly where President Trump and first lady, the Vice President , section lady are right now in florida in advance of what we are expecting to be the historic launch about 31, 32 minutes from now at the Kennedy Space center. President trump taking a tour there. He was asked what his message is for those two astronauts who will be aboard the spacex rocket going up to the Intern
Familiar. Good morning. To fbn a. M. Good morning. Im cheryl casone. Lauren good morning, im lauren simonetti. Cheryl lets take a look at how your money is moving this morning after markets jumped 5 yesterday after promises of stimulus from Steven Mnuchin and the president. We had been limit down overnight at one point. U. S. Futures are in theory going to be limit down again before we open today. Dow is down almost 4 , 821 in the premarket, s p is down 92 points, 3. 69 , nasdaq is down almost 4 andahalf percent. Lauren the 10 year treasury yield moved up 36 basis points yesterday, its up another 11 right now, 1. 192 because there is to much government supply at the moment. Cheryl were looking at oil, because we continue to see pressure in that market. Fears of a global recession, more and more analysts talking about that, that is putting pressure on oil once again, a 2 drop in crude, below 30 bucks, 26, 37. Gold, usually a safety play, its down about 2 . Lauren nervous investors tryin
A lot of people say we were due for for selloff and people taking money off the table. The nasdaq ending in the green and positive territory for the years. In a few hours President Trump an medical members of his Coronavirus Task force will hold a News Conference at the white house. Well bring you any headlines from the president this hour. Fox Business Team coverage. Kristina partsinevelos on floor of new york stock exchange. Phil flynn is watching the action in oil and gold at the cme. Edward lawrence is on capitol hill. Blake burman at the white house. That is a lot of people. Well start with blake. Reporter melissa, we heard from the president he would be having a News Conference as he put it at 6 00 tonight. However we learned from the white house moments ago the president will be joined with members of the Coronavirus Task force for a News Conference at 6 30. Will do it in the brady Briefing Room. If that happens, that will be a first for the president , stepping into the Briefin
Farmer, but one man joins us exclusively to tell us about a unique new challenge that could hurt his new mexico farm. Plus 2020 candidates zero in on nevada, president s day, car sales, and Mark Zuckerbergs latest push for tech regulation. Were less than an hour to the closing bell. Im Kristina Partsinevelos in for liz claman. Lets start the claman countdown. I got a little excited there. Actually 25 hours away from closing bell because everyone else is on vacation. Were here working for you all. The competition is closed. The u. S. Markets ma i be closed but let the u. S. Markets may be closed lets take a look at the global markets. Nikkei slipping after japans government reporting the economy contracted 6. 4 annually last quarter. That means that japan could be heading for a technical recession. The hang sang climbed slightly. The central bank announced measures to help support the economy during the coronavirus crisis. Equities edging slightly higher today in europe. Analysts are al
Its the little saint nick. Its the little saint nick. Just a little bob sled. We call it old saint nick. Lauren Christmas Tree shining bright. Welcome to fbn a. M. Im lauren simonetti. Cheryl good morning, im cheryl casone. Lets take a look at money. It has been a big market day. Lauren new records on wall street, despite boeing shaving 100 points off the dow. All three major averages closing in record territory, the dow hitting the 16th record close of the year, gaining 10,000 points since President Trumps election. Cheryl with apple and microsoft hitting alltime highs, weve got a mixed bag today. Dow is down by 32, s p only down by 1 andahalf and nasdaq still higher. Remember, yeartodate the dow is up 21 , nasdaq up 32 yeartodate. It has been a great year for markets. Lauren and in asia, rally mode yesterday. Optimism on the trade deal helping the shanghai composite in particular, up 1 and a quarter percent. Cheryl chinas economy looking kind of strong. The brexit cloud is lifting. L