Joe biden making that final push to win over voters just days before the election. Brian sullivan lays out the big guide in one big battleground stooit stat state. And well go live overseas into the deep dive an app hes success. Youre watching World Wide Exchange good morning, im dominic chu in for Brian Sullivan. Lets get right to how the money and the markets are shaping up right now as you have been seeing in the corner of your screen, stock futures are indicating a lower open, right now the dowism app isdow implie nearly 400 points. S p by about 49. And the nasdaq lower by 220. Well get in to that more. Stocks are looking to cap off what has been an incredibly turbulent week the three major indices are now done between 3 and nearly 6 so far in just that short time span alone. It is also the last trading day of the month and october proving to be a tough one for investors. The dow down nearly 4 , the s p down 1. 5 . And the nasdaq with a fractional gain, although we know the nasdaq
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 the form of senior secured convertible notes due in 2024. So you can see where we opened, above 30 a share. Right now were at 27. 05. So really pulling back, and possibly just getting to the flatline from where it closed on
Cspan. Org. New york Times Economics and tax reporter joins us now via zoom for the conversation about joe bidens campaign you series of economic plants. The first of which was released last week. The second came yesterday. He first explained the pitch that the Biden Campaign was making would these spending and Economic Investment plans. Thank you so much for having me. Its a pleasure to be here. Which will biden is trying to do is counter President Trump on the economy. President won election in part on the string of a very populous pitch for workers who feel left behind and in the current economy and in particular, biden making lots of appeals to the industrial midwest about manufacturing. The first part of joe bidens new plan that he put out last week its called build better back or build back better. It is an alliteration. A little like a little laugh love of the economy. What the vice, the former Vice President wants to do with that plan is to promote much more of a by american et
Points, s p is now down 17, nasdaq is down by 18. A couple things going on. First and foremost, last day of the quarter. Just to give you a sense of whats going on with the markets, obviously the s p for the quarter down about 19 . Thats as we were going into today. The dow down about 22 as we were going into today. Now, if the dow closes at about 22 lower for the quarter, this is the whole First Quarter of the year, we havent seen that kind of low for the dow since 1987. The s p 500, again, down 19 and that would have been a level we had seen back in 2008. Theres a lot of things going on right now. Obviously we are looking at potentially an economic contraction, if you will. But some of you are saying this might not necessarily be permanent but its something certainly to watch. We are going to get the adp number tomorrow at 8 15 a. M. Eastern time. Lot of layoffs going on. Obviously we are going to keep pounding on investor psyche with all the industries furloughing workers during the
Scarlet lets check in with our reporters. Abigail, what are you watching . Abigail i am thinking about the s p 500 that did move up. This chart doesnt show a little bit of the panic. We looked at it many times. There is the tail end of last years big selloff. This years big rebound. We were talking about the range between 2800 and 3000. It looked like the range was going to break down. In october, we had a higher low. The entire range fulfilled the target of 3200. We are now above that level. Above look at how far we are the average. History repeats itself. It looks as though we will have consolidation ahead. The rsi at 76. Once it starts to turn down, it could suggest the men some is going to come back off. Today, and this year, very bullish for stocks. Taylor so often in San Francisco and new york, we talk about how often tech is outperforming the s p 500. Up just under 35 . Top four companies in the s p 500 are accounting for the rally. Apple alone amounts to 9 of the rally. The iph