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FBC After The Bell July 12, 2024

Blake burman at the white house. We have Lauren Simonetti watching the market action. Edward lawrence reporting from washington at the but on this up and down day, lauren, we start with you. Lauren lauren its with up and down day. I had to look over to see if stocks finished the green. It is changing constantly. This is the new normal. Investors are totally unsure how to price in politics. Not just the expected turbulence around the election, but the future of stimulus. Stocks got a major stimulus from comments on treasury secretary Steve Mnuchin he and House Speaker nancy pelosi theyre going to keep talking about a new relief bill as House Democrats reportedly are ready to scale down a package of their own. Doesnt mean it is going to happen up investors like they ....

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FBC After The Bell July 12, 2024

Melissa francis. Hey, connell. Connell im connell mcshane. Hey, melissa, we start instead of focusing on markets and wall street and with blake burman as we come out of that announcement at the white house. He is there live and, you know, it was interesting, blake, because the president was asked right off the bat as we were joining it whether he misled the public and essentially he said yes, i did but it was, as melissa points out in his view to prevent panic. Take it from there. Reporter 18 different interviews President Trump gave on the record taped to bob woodward. Absolutely no dispute what was said on the tapes. President said it. Some have been published. Well get to see and hear potentially more of it in coming days as Bob Woodwards book is soon to be released. In one of those interviews on march 19th, is talking to bob woodward about the preeminent issue of that iss ....

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FBC After The Bell July 12, 2024

Mcshane. Didnt quite get there on the s p. Were live from joe bidens hometown. Scranton, pennsylvania. Ahead of the presumptive nominees speech tonight at the Democratic National convention. I spent a lot of the day speaking to owners and Business Leaders in the area. You will hear a lot of that throughout the hour. First the top stories. Fox Team Business could have with gerri willis keeping an eye on markets blake burman at the white house as usual gerri, we start with you. What a difference in the markets and what a difference the a day makes. They are shrugging off recovery concerns. The dow powering ahead. The dow on pace to snap a threeday losing streak. It did just that. S p up three of the last four sessions. Nasdaq was the star here. You remember back in march we were under 7,000 . Closing at 11,264 to be ....

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FBC After The Bell July 12, 2024

New details on a possible Coronavirus Vaccine. Edward. Reporter connell that is what is propelling the markets today. We have positive news out of two vaccine makers. The first one pfizer. The ceo of pfizer says they will have enough Critical Data in october to be able to submit for approval should everything go as expected. He has said this before but this is a little different because it comes as astrazeneca saw a minor setback of trials in their vaccine. The pfizer ceo says he sees americans start being vaccinated before the end of 2020. The u. S. Government secured 100 million doses from pfizer this year with an option to get 500 million more next year. As of today, more than 29,000 people are in a phase three trial for pfizer. The fda hopes to have 30,000 volunteers and pfizer says it will be there next week on the way to 44,000 people. Of those, 24 in the study are ....

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FBC The Claman Countdown July 12, 2024

On that. Charles, thank you. Whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. New vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. The nasdaq, back above 11,000. We are at 11,044. The s p is moving higher by 1. 33 after two straight weeks of selling. Oracle says its won its tech battle against microsoft to partner up with the chinese social media superstar tiktok but at this hour, Chinese Media saying yeah, but you didnt win the war. Top tech analyst colin gillis on whether oracle is getting snookered and Charlie Gasparino on those now crying crony capitalism. What does the latest Covid Vaccine progress mean to some of the pandemic stock superstars . The ceo and cofounder of okta is here on whether a return t ....

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