Both banks reported betterthanexpected results but they warned there are still risks looming for the economy. Today our swing state economy series continues from here. The state of florida, were now in Pinellas County which could actually endp deciding the election. It is really the Battle Ground of all battlegrounds. Well talk coming up why that is the case from here in Clearwater Beach. First the news, fox Business Team coverage of todays top stories. Blake burman is the a the white house. Hillary vaughn reporting on the Supreme Court hearings from capitol hill. Both Jackie Deangelis and susan li are in our new york newsroom. Blake, we start with you. Reporter connell, when it comes to covid relief here in washington there is seemingly a disconnect on both end of pennsylvania avenue. Lets start with the other side up on capitol hill because Senate Majority leader Mitch Mcconnell today suddenly announced that he would be putting up for a vote next monday a 500 billiondollar relief pac
The brewing giant refuses to offer guidance for next year the pace of recovery, as you point out is uncertain and is very local infin yan shares jump as they point to a recovery in the chip maker. The outlook is improving within automotive, we have seen recovery. Also korea we expect that the worst is behind us. The threeway deal, President Trump says the u. S. Treasury should be paid a substantial amount of money for facilitating the part of the bid of the chinese app tiktok i think maybe a deal is going to be made it is a great asset but not in the United States unless they have the approval of the United States a very warm welcome to street signs. Lets get right to the Market Action trading has been under way about 60 minutes and has been a very turbulent hour currently about 25 basis points below the flat line. We have crossed into and out of positive territory the results front, some companies actually offering a fairly optimistic recovery on the outlook. Getting investors confide
O be above 90 degreesow inn th it. Mid60s . The Shenandoah Valley. Mid60s in the western and northern suburbs. A little closer to 70 downtown egheow t in beautiful leonard town, maryland. For today more than enou sunshine this morning to get temperatures up to around 90 degrees today before some storms start to dotnd the laape late in the day. Ill show you future weather and look into the weekend coming up. For now, lets go over to melissa walking on sunshine. Its nice. I like it. Inner loop a problem on the dwright side of the roy. That is the earlier crash and all of those delays still hanging aund. Outer loop through that section is looking okay. A motorcycle crash here on the left sidew of the ro and only getting by on the right. Haymarket crash on the right. Beltway inner loop and outer loop, no other issues. Video oof social media a man tasered by metro transit outrage. Sparking a witness recorded the confrontation inside the u street metro station over the weekend. News4 today j
This that sort of optimism helping things out the dow futures implied to open up about 118 points higher this comes after a decline for the markets yesterday. The dow was down about 180 points yesterday you saw bigger declines in percentage terms from the s p and the nasdaq with the s p down 1 , and the nasdaq down by 1. 5 . This morning green arrows across the board. Nasdaq indicated up by 67 points the s p indicated up by 14 if you want to look at the overseas markets in asia, you will see the nikkei was actually in a situation where we have green arrows this morning in europe, but the nikkei down by a half percentage point. Shanghai down by 0. 2 . Hang seng ended higher by just over a tenth of a percent. In europe there are green arrows across the board look and youll see right now the dax is up by 0. 6 . Its the biggest advancer of the major averages there everyone looking better this morning after though comments from mnuchin look at the treasury market. Tenyear note yielding just
What we had seen with the weakness last month. Overnight in asia, the nikkei actually was down almost 1 . The shanghai was up by a half percent. In europe you will see the dax is flat. So is the ftse cac is up. There are green arrows across the complex of stocks. The treasury markets this morning will be closely watched. The tenyear at this point is yielding above 2 . We want to start with some developing news. The New York Times reporting that President Trump approved military strikes on targets in iran that would be in retaliation for shooting down a surveillance drone but the mission was called off at the last minute eamon javers joins us in washington, d. C. With the latest good morning. The New York Times and the Washington Post are reporting that the president authorized these air strikes last night but backed off at some point subsequent to having authorized it the New York Times is reporting that the mission was under way. There were planes in the air, but missiles had not been