Liz let me be clear, hes right, the fed moves the markets. Stocks thank you, charles are stinking, are sinking think kind of are stinking [laughter] as big tech selling of apple, amazon, facebook offsets j js vaccine, theyre not able to lift up this market. The dow looking at its fourth losing day in five. We are down 465 points, low of the session down 475 or so, so were just about there. S p is losing 66, the nasdaq hitting a new correction low, down 291 points. The nations top pandemic fighters from the fda to the cdc and more testifying on capitol hill just one day after american depths from the coronavirus deaths from the coronavirus trooped 200,000 topped 200,000. Well take you to d. C. For all the drama. Meanwhile, one tech company that helps americans get cheaper Prescription Drugs making its debut on wall street just hours ago. The coceo of good rx is here for his instant to his stocks day one pop and what he can promise, he says, without any help from washington d. C. And a p
Does not end. Plus the secret of Silicon Valley company palantir will become the latest unicorn to go public this week. We will find out why 2020 is shaping up to be a banner year for new listings and thats despite the coronavirus pandemic. And tomorrow, the first president ial debate of the 2020 campaign. The fox bet ceo here to tell us how you can cash in on the political faceoff between President Trump and joe biden. Less than an hour to the closing bell, im Cheryl Casone in for liz claman. Lets start the claman countdown. Cheryl we start with Virgin Galactic reaching for the stars after two bullish calls. Bank of America Global Research initiated the Space Tourism firm with a buy and streethigh price target of 35 bucks. The stock is up more than 23 right now. Susquehanna with a positive rating. Definitely a stock to watch. From space to the air, Airline Stocks taking flight after American Airlines said it secured a 5. 5 billion government loan and it could tap an additional 2 billi
Calling the platinum plan to encourage black economic empowerment. We will take you there as soon as it begins. It comes as the latest tiktok deadline has come and gone. We just have breaking news out of washington, d. C. The Justice Department has filed an opposition to a judge, district federal judge regarding a request from the Parent Company of the Popular Video app to delay its u. S. Blacklist late sunday. 11 59 p. M. Sunday night, this thing goes dark on app stores. Charlie gasparino has latebreaking details. And theres a new riverboat gambler on the scene, looking to bring yet another Online Gambling app to you through a spac. The spac is really getting cleaned here. The brainchild behind Kim Kardashians game is here. Less than an hour to the closing bell, lets start the claman countdown. Liz breaking news. We will get you that news out of d. C. Regarding tiktok but auto makers are hitting a red light right now after true car forecasts total new vehicle sales will drop 12 year o
As the original aid package and agreement expires. There is talk of the stimulus plan, the environment for them does not look good. Well go live to a number of national airports. Linear air, big in the private arena. They have and all tern tiff for you. They say business is booming. President will be out to new jersey, a fundraising event at his club. He will be whisked back to the white house. Republicans and democrats are pulling out all stops to raise as much money as they possibly can. Back to the stimulus measure. What we can make of it as it comes to pass, not that long ago, a lot of people were worried about the government shutting down and wouldnt come together in an agreement to keep government lights on. At the last minute they cobbled together something. The president signed off on late last night. There is no government shutdown. For the naysayers out there, assuming all the worse when it comes to stimulus, maybe not. Chad what are you hearing . Reporter let me be very clea
Switch the dow around would we be looking at essentially the same falloff . Essentially we would. This is taking nine of 12 key sectors down. Financials are holding up pretty well today but a lot of this was driven right now by concerns, comments made by dr. An any fauci. I believe he was doing interview on cnn he expressed doubts having a vaccine ready by october. I think there was leaping on that as excuse to sell, just as it could be a leap on Mitch Mcconnells comments that we might not get a deal together, spending measure, virus, stimulus deal together anytime soon. And that he doubts they will be on the same page, republicans and democrats anytime soon. Add to that that weve got new u. S. China tensions. This didnt get as much attention. It has nothing to do with trade per se but with the administration move to impose restrictions on chinese diplomats already here. I do think when you get a selloff going, people collect all of this together, say, sell, sell. It is not that neat a