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July 16, 2024
Executive order targeting social Media Companies at the white house. Were waiting for that as well. Fox Business Team coverage. Blake burman with the latest from the president. Lauren simonetti watching markets. Hillary vaughn and Edward Lawrence in washington. Lets kick it off with blake. Reporter hi, there, connell and melissa. What is important what is happening right now in the oval office with President Trump as it relates to this executive order and social Media Companies is, that the atto...
July 16, 2024
Hold on. This is a tease. Stealing the thunder already this thats right, we are going to talk about this in just a moment anybody still on radio has to wait a second. Take a look at the futures this hour dow futures down about 170, s p off by 2 and nasdaq down by 81. Yesterday, nasdaq down about 1 . Crude oil prices, lets check that quickly we had been watching that contract build up. The july contract build up to just over 34 yesterday. Lets call it even at 32. Then there is the treasury market...
July 16, 2024
Take some time for public to regain confidence and adapt to the new world and start traveling, taking vacation, going to restaurants and things like that. Im glad you brought that up. Thats one thing we havent talked about was this notion that when we looked to open our businesses and i think we all in a bipartisan way, thats what we want. We have to find this balance, opening our businesses in general. Theres only going to be as successful as the Customer Confidence that is there to patronize t...
July 16, 2024
Also jay powell making comments that added to some of this those who have been under such pressure, those stocks were the ones that were the biggest rebounders disney up more than 7 banks were up across the board wells fargo up by 8 bank of america and citigroup up jp morgan up mgm resorts up 10. 5 carnival up 15 . Airlines each up 13 all of those gains coming as there is hope there will be some time those stocks can get become to normal and people will feel comfortable. Thats the early trade al...
July 16, 2024
This webinar will have a straightforward format after my introduction he will offer 10 minutes or so of remarks, then i will have questions for the senator and we will have a discussion about the economic challenges facing our nation and what congress should do to address them. We will take a couple of questions at the end. Thank you for joining us. If you have a question for senator rubio, submit it by email. Econtalk on aei twitter. Those are listed on the events web page. I am honored to be j...
July 16, 2024
It came down, 13. 3 . The government says the resumption of Economic Activity at the end of may led to an increase, repeat, an increase of 2. 5 million new jobs. It was supposed to be a loss of eight million. Clearly a lot of people were recalled to work and went back to work. Now, to say this is a surprise is the understatement of the century. I will say this. The recovery is obviousily a lo stronger and faster than anyone thought. Back to the numbers. Dow industrials going to be up over 600 po...
July 16, 2024
See through. We believe that these are the right charges. Reporter Keith Ellison up and the charge against Derek Chauvin to seconddegree unintentional murder. He had originally face their degree murder. We believe we have a duty the charges that fit the facts in this case. We have done so. It carries a maximum penalty of 40 years. The recommended sentence is 12 years and six months. The other day officers, J Alexander King all phase 2 counts of aiding and abetting. Ellison is the lead on this as...
July 16, 2024
Of the coronavirus, the slow sometimes bumpy reopenings across the country, to say nothing of the protest and a lot of people on wall street say hey you arent jiving with whats happening on main street and then low and behold we get this stunning jobs report that changes the equation and has people thinking that you know what . Maybe the markets have been right all along as they again tease record territory, virtual ly all of the s p 500 sectors are advancing right now, and the rate on a long bo...
July 16, 2024
Is it a u . Maybe its an l. Or perhaps its a z. Or maybe its a w. Or a nike swish. We keep hearing people argue about the shape of the recovery. But this whole debate misses the point. The defining question of this market is very simple. Will we have a depression . Anything that makes a depression less likely causes stocks to explode higher thats what yesterdays rally was about. Even though we gave up some of the gains today, im calling it a consolidation day no matter what dow sinking, nasdaq d...
July 16, 2024
Higher by 35 after the s p snapped a fourday winning streak yesterday, the dow, nasdaq and s p 500 still on track for third week on gains this week, boosting the American Economy, the white house working on another round of stimulus reportedly to the tune of 1 trillion. We will talk about it. Meanwhile protestors taking to the streets for a tenth day in a row, mostly Peaceful Demonstrations happening from coast to coast as memorials are held for george floyd, clash of tech titans, elon musk is c...