The strongest week since back to april. However, you have to put that in context. Two weeks ago was a lousy week in fact, two weeks ago the dow lost just over 1800 points, down by 1833 points last week the dow was up by 1821 points so that was a giveback for the dow kind of starting things over if you look at the other major averages, they got back much more ground than they had lost the previous week. Last week the s p was up 329 points after being down 195 the week before and the nasdaq was up by 983 points last week after losing 636 points the week before but again these gains this morning are significant ones they are adding to what we saw last week. Also, take a look at whats happening in the treasury market youll see that right now the treasury, the tenyear, is yielding 0. 812 so its stabilized after bouncing around quite a bit during the election and the election counting last week stabilized at 0. 812 andrew thanks, becky our top story this morning, president elect biden wastin
Facebook, twitter set to report quarterly results. More importantly get a little bit of a sense for the out look of what is a uncertain future. Well hear from some of the biggest names in american business. So lets get to it. Fox Business Team coverage. Lauren simonetti and susan li are standing by. Edward lawrence on the recordsetting Economic Growth i mentioned. Edward in washington. First we have the panel, lance ulanoff, geir i hry b. Smith gary b. Smith, scott, an erin gibbs joins us from gibbs wealth management. It will be a fun hour to go through all of this. Amazon is the big one. Amazons numbers are just coming out. In the Third Quarter, amazon already reported 96. 1 billion in sales in a quarter. That is comfortably above the analyst estimates. They were supposed to be up 32 1 2 it were around they blew through that, looks like. With a net profit of 6 billion. On the eps side, well get back to it in a moment. Comparable to analyst estimates. Then to lauren, probably, scott ma
After delaying its ipo and new details on facebooks newest project to develop augmented reality smart glasses. Worldwide exchange starts right now. Good morning, im Courtney Reagan in for Brian Sullivan this morning shares of fedex crumbling. The company missing on earnings and lowering guidance. Much more on that stock coming up you can see shares down more than 11 in the early going. Here is how your money and Global Markets are setting up their day. Stock futures are indicating a slightly lower average dow jones lower by 34 points s p by 4 and nasdaq by 10. 5. It is fed day. That is really the focus not just in the u. S. But around the world. Looking at the bond market we continue to watch closely the different between the 10year yield and the twoyear yield the two year is 1. 711 and the 10year at 1. 77. In japan, stocks closing slightly lower so nikkei down the hang seng as well. The composite is up by about a quarter. Everyone waiting to see what will happen when we hear from the
U. S. History later on, the search for a successor is over at morgan sasan stanley. It is thus, october 26th, 2023 you are watching Worldwide Exchange. Good morning im frank holland. Lets start your day as we kickoff with stock futures we show you they are in the red across the board looking at percentages nasdaq is down 1 . The dow and s p also in the red. We will talk more about what is going on in a moment this action here after a rough session for stocks yesterday with the s p fall by more than 1 also the nasdaq now in connection territory it closed down nearly 2. 5 its worst day since february the focus of that selloff is on alphabet logging the single worst session since 2020 and the largest decline in market value of 166 billion wiped out. That number equals all of amd or disney shares are lower again this morning. Down 2. 25 we are watching surging yields. 10year treasury is at 4. 95 the 2year treasury is also showing a yield above 5 as well as the long bond. We will have more
Border, and they want it now. I think the economy is key, its front and center in so Many Americans minds as theyre depleting their savings. Theres record drawdowns on 4011ks. This is going to to be the second big night of the process because so many people watched that first debate, were likely to see lots of people watch the second debate. In a bear market, its very select ty the on the sectors that will actually work. Were still bullish on account of the fact that as far as the first leg of the new bull market, we havent broken down here. I have spent all of my life waiting for tonight, oh david i think stuart might be able to say that. Tonight the night for stuart and our panelists at the big debate. This one in simi valley, california, the wonderful Ronald Reagan library. Ive never been there, honestly, but the pictures that youre seeing here that weve who got it all covered, this is one of our drone shots which is extraordinary. Its a Beautiful Day in california, ask weve got it