The heated rhetoric not helping the markets at all as we head into the final hour of trade. Neither did the weekly jobless claims number that came out this morning. It rose for the first time in 15 weeks. Then you have goldmans morning call that apple is bruised and should be tossed from your portfolio. Weve got red acheck it here. Dow down 341. S p down 38. The nasdaq down 227 points. This china situation, American Farmers dependent on selling their product to china, are bracing to be pawns once again. We will talk exclusively to a wisconsin soybean farmer about how his business was first affected since signing of the phase one trade deal and who knows whats going to happen to that phase. From massages to a whole different business of medical testing. How one chain flipped Business Plan to survi the covid crisis. Weve got the ceof express supspa group. They have the airport chains where you get massages. Hes here to tell us how hes pulling the 180 and offering covid tests. Its a fox b
Of trade, chinas biggest names, many of them trading on the almighty nasdaq, getting caught in the crossfire. Though it is americas tech titans that get quite a bit of credit for the nasdaq taking 2020 by storm, but could another stealth sector be poised to steal silicon valleys thunder on the techdominated index . Coming up, nasdaq ceo adina freeman here live on her exchange giants massive earnings beat and the stealth stocks that may deserve the credit for much of the win. And she is surely one of the many in the market who will be watching teslas latest look under the hood today. Could we see elons empire speed its way into one of the markets most exclusive clubs . We will tell you what that is. Plus sports, betting on americas pasttime. A new window into the clean energy future. And charlie breaks it. With less than an hour to the closing bell, lets start the claman countdown. Liz we have this report just crossing the financial times. Breaking news. A group led by General Atlantic
Again. Microsoft, amazon all hitting record highs the nasdaq flirting with another record close despite the Broader Markets selling off. 59 minutes left of the session sar yash sara, were down. 5 . We have big guests coming your way well be speaking with Loretta Mester about the economic signs she is seeing in america and how the fed is weighing the spike in cases. And the rollback of the reopening measures across this country. Shes a Voting Member of the fed. Plus, 150 million, that is how much Deutsche Bank agreed to pay in the settlement with regulators over the dealings with Jeffrey Epstein Deutsche Banks ceo will join us to talk about that settlement and a whole lot more an important update on the business lets get straight to the big stories were watching with one hour left of trade mike santoli tracking the market meg terrell has details on a 1. 6 billion as part of the operation warp speed effort to battle the coronavirus and get a vaccine. And phil lebeau has the latest on the
Spiking over those concerns over iran also coming up on the show, House Financial Services chair Maxine Waters on why she wants a hearing over facebooks crypto play, libra. Join us, stephanie link, from levine, welcome. Are you doing buying today little bit. Little bit like what little Semiconductors Semis little broadcom i started a position last week when it fell 8 on the day and i just kind of think that the valuation makes a lot of sense and well see. Its a china proxy for sure, so something good has to happen on trade but i think the valuation is discounting a lot stephanie i was talking to one senior trader who said that the threat of a cut on Interest Rates is more powerful than the cut itself and that therefore its harder to get this same good news again. Likely be dialing back the promise of a cut or it will be the cut itself youre coming from a much lower base than historical levels but it was good news that we got i think the commentary yesterday was exactly what was needed.
Russia and some of our other toughest competitors around the world. When our businesses compete and win, it means better paying jobs here at home, higher wages, bigger paychecks for americans. And so were going to continue to keep focused on tax reform that delivers tax relief to hard working American Families and that creates greater growth in our economy, better paying jobs and higher wages for people in this country. And the focus, of course, of tax reform is to improve the quality of life for American Families. And you do that by lowering individual tax rates so people get to keep more of their hardearned money. You also do it by lowering corporate rates so that businesses can have more money to pay higher wages and to increase the activities of those businesses. Additionally, there is a lot of money in u. S. Companies that is still sitting overseas that wed like to get back here, but the tax code makes it a lot harder because those companies are taxed twice; once in the country wh