Gyms theaters, for about a month. Were following all of that. We have fox twist Business Team coverage. Grady trimble, in chicago. New restriction being imposed. Edward lawrence on the tech hearing in washington. We have to first hear from Ashley Webster with the market selloff. What a day. Ashley all proving to be a toxic formula for the markets as Investors Cash in and the vix fear gauge hitting the highest level since midjuly. As you just said, connell, the dow, the s p, the nasdaq all down 3 1 2 on the day. We saw a little extra selling heading into the bell. Maybe that news out of france, adding to germany on a national lockdown. May be a lockdown light. Never the less, businesses will be closed, that having impact. Shares of hotels, airlines and cruise lines all hit hard as covid fears grow for the economy. Check out the airlines. American down 2 1 2. Delta 3 1 2 . Southwest four 1 2. So on and so on. Jetblue down 6 1 2 . As for the cruise lines who just cant buy a break like the
Good to see you, melissa, live today from jacksonville, florida. Florida, the final stop on our swing state tour, out speaking to voters here in the Sunshine State the earlier today, all of this as President Trump prepares to formally accept the gop nomination later tonight back in washington. So a lot to do on a busy thursday. Fox Business Team coverage for you. Blake burman and gerri willis to start us off. Blake, you get to go fifth from the north lawn of the white house. Reporter and we have a little bit of news as it relates to no deal at all whatsoever for a phase four relief package because the chief of staff, mark meadows, and the House Speaker, nancy pelosi, spoke this afternoon, and pelosi has just put out a statement saying, essentially, that the talks once again went nowhere. This was the comment from the House Speaker a little while ago. Quote the conversation made clear that the white house continues to disregard the needs of the American People as the Coronavirus Crisis
In the newsroom, Edward Lawrence is in washington and Ashley Webster is there as well. Well start with blake, who has the latest from the administration on china. Blake. Reporter melissa, connell, youre right. Just a little bit of cleanup from the white house last night after Peter Navarro made some comments suggesting that maybe the trade deal with china was off as navarro said at one point, its over. That forced the president to take to twitter to say, no, the deal with china is fully intact and larry kudlow in speaking with Stuart Varney earlier this morning said that the deal is being implemented just like they want. Ive been to several meet national the oval with bob and Steve Mnuchin and the president and others. You know that has been our view. They have actually picked up their game. It is not just commodity buying although that is picking up too. Some of the structural issues like i. P. Theft. Reporter got some live video now. I believe what youre looking at President Trump in
But first here is whats new at this hour. President trump on his west coast tour. The president about to depart las vegas and head to colorado for a Campaign Rally tonight. Well review any breaking headlines from the president this hour. Plus, money, well, turns out it cant buy you everything. Michael bloomberg pouring more than 400 million into his president ial campaign that did not help him at debate time last night. New resistance against amazon. Another city fighting the company on its plans to provide thousands of jobs for american workers. Who would want that . Connell fox Business Team coverage of that and more. Blake burman at the white house for us today. Jackie deangelis on the floor at the New York Stock Exchange and speaking of amazon, Grady Trimble is on the ground in the state of illinois. Well get to all three but first to yaki. Good afternoon to you, connell. While the dow ending down 130 points, after a bigger drop earlier in the session, roughly 300 points. That was
This hour . Connell Elizabeth Warren on the rise. Dramatic new shift in the 2020 race for the white house. What a warren presidency could mean for you and your wallet. That is coming up. Right now in california hundreds of thousands are without power. We have a reason behind the move. A look when customers can expect the lights to come back on. Plus a reason, maybe to update your iphone. How new software lets you automatically avoid pesky spam calls. Melissa gerri willis on floor of new york stock exchange. Edward lawrence at white house. Hillary vaughn on capitol hill. Kristina partsinevelos is in the newsroom. Lets kick it off with edward . Reporter well watch every step the Chinese Trade Team talk tomorrow. Seems mood has so youd soured. Reports that the 28 Companies Added to the entity list by the u. S. Has soured things going forward. The expectations have been set a little bit lower. The Chinese Commerce ministry told me, told us, they are prepared to come here to work out a deal