Revived trade war with china this time, the chinese are threatening to label some of our best companies as unreliable, meaning they wont be able to sell in the peoples republic. Then we got some mid retail Sales Numbers that werent just bad. They were grapes of wrath bad. But just when it looked like it would turn into a the buyers came right back. Plus, all sorts of Companies Keep reporting and telling us that april was much better than march, which bodes well for may. S p advanced 3. 9 . Nasdaq gained. What a turn. Now, that in mind, whats on tap for next week . Well, first, im dreading well come in on monday and hear about an escalation. The president s new containment strategy against china the market got hit earlier today because we are getting tough on huawei, the huge Chinese Company that the white house views as an unofficial farm of t unofficial arm of the communist party. There is a legitimate concern and if we give it to them, it is a security risk. Okay it its something he
The country without Serious Health consequence where does the confidence come from i mean, havent lets see, we adopted universal testing yet . I dont think so we dont have contact tracing. We dont have enough gloves and mask to keep everybody protected. Lucky me yet the markets have an incredibly strong month. Even with todays mild dip, dow slipping 32 points, s p edging 5. 2 , nasdaq climbed 1. 4 , they crushed fang put it out there are we whistling past the graveyard here not so fast. Theres a ton of confidence in the safety net, the one that covers Large Companies even it as it fails to protect a lot of Small Businesses and doesnt do nearly enough for individuals. Remember we dont trade hair salons here. Theres no ticker for diner, no barber shop, gyms, no. We trade Big Companies companies that have more access to funding than i have ever seen in my life courtesy of the Federal Reserve and the Treasury Department who know that the stakes are high. But you also got a lot of hope driv
We could slay the bear today as the dow is rallying for the Third Straight day despite a shocking, shocking record high weekly jobless claims number. Take a look at the markets right now. We just went above 1,000 a couple minutes ago. The dow is about 1,006 higher. The high was 1219 points for the dow. We are watching that number. S p is up 116. Nasdaq is up 296. A gain of 4 . Again, the dow and s p could notch three Straight Days of gains today. Weve got an hour to find out. So the dow is trying to break out of that hibernation. The number to watch, 1,109. 77. Write that down. If we can close above that, we will have rallied 20 from mondays low. That means we technically exit the bear market. Our floor show panel will give us more perspective on what that means to all of you. And as the u. S. Death toll from the coronavirus tops 1,000, one tech company is working to help john hopkins and astrazeneca to find a treatment or cure. Hes here in a fox business exclusive. We have been talkin
The among Community Airport in tehran. Again this comes after iran launched Ballistic Missiles said to us air bases. In iraq and following the attacks, the f a a band, us pilots and airlines from flying over a rocky, iranian and Persian Gulf Air space citing the heightened tensions in the region. That plane was headed to ukraine if we learn more about that part of the drama going on in iran tonight, we will certainly bring it to you throughout this broadcast. The other big story in iran and the big story all day before that plane went down. The missiles that iran fired at 2 air bases in iraq for us troops are stationed, this is the retaliation after the us took out the second most powerful man in iran. Last week iran launch more than a dozen missiles today at the al Assad Air Base and that american and Coalition Forces in the iraqi town of herbal this video according to iranian tv shows the al Assad Air Base getting hit. Again that base houses us troops other we havent confirmed dead i
New year on january 25th and with more we bring in lauren fix the car coach so lauren we come into year and these are some very Ambitious Goals that set for themselves and in the past houses performance didnt really give us any confidence and analysts now dont have any confidence in their execution for 2020 they predict that the shanghai factory probably wont be able to make model threes in high volumes many a 1000 cars per week until mid 2020 so what do you think. I agree with ed i know initially theyre going to be delivering 15 cars by the end of the years we can say that he delivered cars in 2019 thats more of a publicity stunt than anything else but in reality initially must consider going to produce 3000 cars a week which is not possible and its not fully automated like he had stated they still need manpower which is really good because that means jobs but i think were not going to be talking about a 1000 units a week until youre right about the middle of the year we also have to