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Transcripts For FBC The 20240703

Dow down 64, weve got the s p giving up all of its earlier gains, now lower by 3 points. Nasdaqs clinging to a a 5point gain where it had been up 129 points. Kind of losing some steam. Weve seen in the final hour where things can start getting juiced up once again. Lets look right now at what ises propelling the nasdaq. Its actually china stocks. They are grabbing the top spots on the composite led by netease. Look at that gain, up 5. 25 . The the lift comes on a report by bloomberg that beijing is considering relaxing rules that cap Foreign Investment in public companies. So maybe theyre starting to look like theyre going to be a little bit more propluck publiclytraded companies and not so restrictive. Coming up, famed International Investor mark mobius is going to join us live. He has warned viewers to dodge chinese stocks. Will todays news change his mind . Were going to ask him. Hes coming up at 3 30 p. M. Eastern time. No ree laxing or easing at the Federal Reserve at this hour af

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