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Day event. Our new betting week close there, never to be seen again, perhaps . Barstool sports has put Penn National gaming stocks firmly in the lead, but nearly a month after its recordbreaking rollout, whats the next may for Penn National gaming whose stock surged 153 year to date . Penn national Ceo Jay Snowden is here in a fox buzz exclusive. Plus business exclusive. Plus, weve got the woman who traded Silicon Valley for the heartland and now has her homegrown products flying off amazons digital shelves. But first, we begin with a fox business alert here. Investors are pulling back the reins on workhorse at this hour after it gallopedded ahead at the opening. Take a look at the utility maker. It secured about 200 million in funding from institutional lenders in t ....
Corporate results come fast. The hiring trend on Second Quarter impairment and the cost of the pandemic. 6 00 a. M. In london, 7 00 a. M. In germany where siemens numbers are crossing the bloomberg terminal. This is amidst this is a beat. 1. 79 billion on the industrial businesses. The estimate was for 1. 19. They are reaffirming the 2020. They still reaffirm refrain from giving guidance for 2020. It is still very tough for them. The estimate on the numbers was for 1. 1 billion overall. Let me try and get those for you. Still no fullyear guidance. They see it comparable to crime this year. Still a moderate decline for 2020. Refraining from the guidance. Third quarter Free Cash Flow is 2. 46 billion versus 134 a year ago. 434 a year ago. It is a different business to the one they took over in the early 2010s. 2013 is when he was there. You have got a little bit of data to get ....
Just one thought on the s p and evaluation. Bp cut the dividend yesterday. Now, biggest obstacle to the s p 500, this is one a reporters row yesterday. Wrote yesterday. They are cutting dividends by the most since 2009. I was going to say does that matter. Obviously the market, the index does not seem to be bothered. That, myl of risk is allocation in the United States of america . From the original perspective, but in terms of the shareholder payout, it is for sure all over the world you are going to have buybacks. Japan, it is more of a dividends haven. The fact we have 5 combined yield in the u. S. , 3 buybacks, this is cut by half this year, you are still going to be better off and having some real yield in your portfolio. The yield environment is still raging. To not beo make sure penalized by the slow Interest Rate environment. Great to have you on the show. Lets get the ....
Trades on top. Ocado drops despite reporting 30 jump in sales. Jp morgan and banks kick off earnings season. Well see how much of an impact hit the banks bottom lines. It has been a weaker session in europe. Stocks have been trading deeply in negative territory. The hand over wall street, very choppy we have not seen that. Investors getting used to some of the records in the recovery trade takinghnogy. It was the opposite yesterday as some of the closures in california and texas with the spike of covid cases finally spiked a little caution. Weve seen some numbers. Signatu singapores seeing more of the fa fallout from the virus tensions from the u. S. And china again around the South China Sea and Natural Resources china claims are theirs and the ordering of chinese businesses in the states. A lot of tension one analysts said what you get is either very positive or very ne ....
Last 400 days is we are finally on dollar support. We will talk about this through the show. On dxy, the blended dollar index , with strong euro contribution, we are really on the support of a signal to a weaker dollar. Jonathan it is the trait everyone would hope would develop it is the trade everyone was hoping would develop. We see that on the screen this morning. It is a tugofwar between pretty negative corporate guidance and the vaccine hopes that started yesterday evening. Lisa i would argue that the vaccine hopes are very much in the front of peoples mind this morning. The question of whether moderna can jack up production, as well as the Regulatory Approval they need to get this out and distributed. Meanwhile, more guidance from the big banks. Goldman reporting in about a half hours time. At 2 00 p. M. , the fed releases their july beige book. Some indication of how businesses are changing their expectations based on ....