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But that has not stopped president from from coming out to address his supporters at the white house this has been one of the most divisive and unpredictable u. S. Elections in memory and even though trump initially trailed biden he quickly picked up Electoral College votes theres no clear winner yet we have just learned that arizona is going to joe biden lets cross over to rob reynolds in los angeles in california hes following the returns on the west coast and rob we were speaking 56 minutes ago about the importance of arizona and then moments later the flip happened tell us more. Yes and the important part is one of the important aspects is that this is a flip this is joe biden taking away a state that was won by President Trump in 2016 and its all the more remarkable because arizona has always been one of the most rock ribbed republican states in the union it is the h ....
As well as declines in cases across the u. S. Not just big tech winners, jawdropping moves for individual stocks. Roku up 11 . Dicks Sporting Goods up 15. Urban outfitters up 20 weve got them all covered for you. 59 minutes left, what is set to be another record close for s p and nasdaq all we need is a positive finish kayla, welcome. Thank you, sara thank you for having me. Feels like record finishes every senile day we have a great lineup of ceo interviews coming your way on the rest of the show well me with the head of Toll Brothers about his companys strong Earnings Results and whether the Housing Market can keep topping expectations over and over again plus shares of crocs you heard me up. Up 300 just since march we will ask that companys ceo what is driving t ....
Bloomberg television, starting at 9 00 p. M. Eastern. Along the gulf of mexico, the texaslouisiana border is reeling after hurricane laura unleashed a wide swath of destruction, with winds reaching 150 miles an hour after coming ashore. It is now churning over louisiana. It could lead to more than 15 billion in insured losses. One of the top talkers on wall street, meantime, news of wall street joining microsoft to make a joint bid for the social media sensation tiktok. Now aligned with oracle. For more, i want to get to scarlet fu in new york. A lot tied to these remarks from the fed. There was a lot of gyration in jay powells remarks. In the case of equities, the fed moved it higher. The dollar moving higher. Bonds falling. In no rush bank is to raise interest rates. It will let the job market run hotter and inflation run higher, potentially overshooting the 2 target, before taking any kind of action. In the end, we saw financials get a boost. They benefit from a higher yield and a s ....
Protesting facebooks failure to address the vast proliferation of hate on its platform. Facebook responding saying it will change policies to prohibit hate speech. The fallout was felt far and wide across the tech sector. What is the impact, guy . These are hand full of companies but has the levee broken a little led zeppelin way to go with the zep reference right at the top the day trade, now its a lot bigger than that and i absolutely think its a big deal facebook is so far behind the curve. They are zigging when they need to be zagging. They need an emergency meeting because as we said three nights a ago, those Companies Might be the first and now last hershey, prok tits showing a l things going on. Facebook acted as a monopoly for a long time. They never had a focus on these things now when they have to focus on it, they are sort of dammed if they do and dammed if they dont. Advertisers had to accept whatever it was facebook ....
President trump meeting with Bank Executives right now at the white house about the state of the economy, amid the outbreak. Well bring you the president s comment from that meeting as soon as we have them. We have fox Business Team coverage. Jackie deangelis is on the floor of the new york stock exchange. Edward lawrence is outside of the west wing. Phil flynn watching action in oil and gold at the cme. Jackie, first to you. Reporter melissa, good afternoon to you, when i say the new normal expect the seesaw swings, it is not really an exaggeration. Tensions were high on the floor today, traders trying to internalize it, deal with it in the best way possible, basically saying until the virus peaks in this country and starts to fall off, you will not see an end to the volatility. Today a more than 1400 point loss. Session low was down 1689. The dow is now in bear market terri ....