Manufacturing data this morning. Weve got full Team Coverage of todays selloff bob pisani is covering the markets reaction to that weak manufacturing data Bertha Coombs is watching the movers at the nasdaq Rick Santelli is looking at todays action in the bond market lets check in, though, where we stand. We are down 281, the low of the session on the dow was down 347. A slight improvement in the last 30 or 40 minutes or so but a significant fall from where we opened up 129 points or so lets check in with steve grasso from Stuart Frankel whos joining for the full hour. Steve, what is this . Recession fears again or is it justified to see this slippage you know, its funny, you know, im tempted to just jump onboard and say its all recession fears. And then you have the first day of the month and then you have impeachment. And then you have trade. But definitely, this is recession fears, but i wouldnt read into it as much as Everyone Wants to you have the first day of the trading month, th
Contraction. One name thats in focus today is ups we have some big news out of that Company Delivery giant becoming the first u. S. Company to receive nationwide approval for Drone Deliveries give iing the company permissiot fly drones over Populated Areas at nugt out of the line of sight and to use larger unmanned vehicles its a big coup for ups as amazon and others are also seeking the green light for their own drone fleets joining us now is ups chairman and ceo david alabama knee thank you for being here today glad to be here so you just received from the faa part 135 certification this was a process that air carriers must go through its the standard by which regulators are now approving Drone Deliveries tell us a little bit about this and specifically the Drone Airline that your youre now going to build out yes, we are very excited about being the first apt at the last earnings call, i talked about it i us said that was a goal and we have worked very closely with the department of
Are going to see people try to arm themselves with right information but no doubt about it this will change the economy in the coming years. Cheryl im excited because ive been talking for a few days and i know you talk today heavy hitters in the industry, cant wait to see it and i cant wait to see mornings with maria which is obviously starting right now, have a great show. Special debut sunday night at fox news 8 00 oclock, this morning we are gearing up for another big news day, good morning, everyone, im Maria Bartiromo, live this morning from washington, friday september 20th, 2019, top stories right now 6 00 a. M. On the east coast. Mark zuckerberg taking washington, facebook ceo met with President Trump and lawmakers yesterday and hes headed back to the hill today as he faces calls to sell instagram and whats app, back to negotiating table deputylevel meetings resume in washington this as President Trump prepares for tariff exemptions, exemptions on select goods. Is futures looki
Into big tech. Lets get the detais with ylan moye. We have confirmed that the department of justice is announcing a broad antitrust review of big tech likely to include amazon, facebook, google and apple. In a statement, it was set that without the discipline of meaningful marketplace competition, digital platforms may act in ways not responsive to consumer demands. He went to say that the departments antitrust probe will explore these important issues the focus of the new inquiry will be whether companies reduced competition, siefld innovati stifled innovation or harmed consumers. The companies were forced to testify on capitol hill to defend themselves against allegations that they are monopolies just this afternoon the congressman leading the effort, david cicilline, criticized the answers as evasive, incomplete or misleading. Now the Justice Department is launching its own review it is not officially an investigation of any Single Company but it could lead to that back to you. Ylan
It wants to pay you to track your phone. And before you book your next vacation, youre going to want to hear this report. How hackers are targeting online bookings for some of the hottest Summer Travel destinations. Ist is thursday, june 13th. Fbn a. M. Starts right now. Cheryl here is how your money is moving at 5 00 a. M. After a second day of losses, u. S. Markets turning things around. We have got green arrows to show you. The dow up 79, s p up 9, nasdaq up 34 andahalf. Were following breaking news out in the gulf of owe man, off the coast of iran, reports say two oil tankers possibly have been attacked. That hit the crude oil contract here in this country and brent over in europe. Taking a look at light sweet crude, theres a gain of almost two andahalf percent. Now checking the yield on the 10 year. Investors looking ahead to next weeks fed meeting and a possible rate cut. The yield, 2. 12 , that is a loss of 3 basis points. Now, the unrest continues in hong kong. Taking a look at