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Transcripts For FBC The 20240702

Congress. We are getting fox business Edward Lawrence in front of the camera to give us the up to the second news on president bidens latest comments on israel and whats happening with the hostages. If you see this 87point loss on the dow, turn your attention to the nasdaq. The loss is much bigger, down 308 points, 32. 33 . Thats investors 2. 33 . Alphabet plummets 9 plus percent right now, the stock on pace to lose more than 162 billion in market cap which would mark its largest oneday loss in value ever. This is all about weak cloud results in the parent of googles Earnings Report which came out after the bell last night. The stock is really acting like a dark cloud over the nasdaq. If the composite does close down 217 points, 6 points or more and, of course, yeah, we are definitely below that here, down 314 points, that will mean the nasdaq has officially entered a correction. Correction, of course, defined as a decline of 10 from the recent high. We will be talking about that. Inte

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