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Real News, Real Time

A divided government would cause the S&P 500 to rise 11% over the near term
Posted inEconomy

The best election outcome for stocks: Goldman Sachs

USNN World Newsby USNN World NewsSeptember 30, 2020June 20, 2024
Stocks popped at the open, reversing morning losses after Treasury Secretary Steven Mnuchin signaled a stimulus deal could be announced today after much negotiating with House Speaker Nancy Pelosi. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 27878.31 +425.65 +1.55% SP500 S&P 500 3377.62 +42.15 +1.26% I:COMP NASDAQ COMPOSITE INDEX 11231.592497 +146.34 +1.32% All three of the major averages rallied with the Dow Jones Industrial Average locking in a gain of nearly 400 points or 1.3%, while the S&P 500 and Nasdaq Composite rose over 1% each. Also driving the move a major jump in pending home sales which rose a record 8.8% in August. The combination, along with a better-than-expected ADP jobs report, helped temper investor concerns after the nasty presidential debate between President Donald Trump and Democratic nominee Joe Biden. Biden and Trump clashed on everything from the coronavirus pandemic to the economy to racial injustice. President Trump and presidential candidate Joe Biden discuss allegations over tax records and spar over economic plans. Video GDP Drops, Jobs Rebounding The ADP Employment Change showed 749,000 jobs were added in September, stronger than expected, as the economy continues to recover from the ongoing coronavirus pandemic. This helped offset GDP for the second quarter which dropped 31.4%, in-line with an expected decline of 31.7% tied to COVID-19. ENERGY, FINANCIALS PULL STOCKS DOWN AHEAD OF BIDEN-TRUMP DEBATE Ticker Security Last Change Change % DIS WALT DISNEY COMPANY 124.31 -1.05 -0.84% On the corporate front, The Walt Disney Company announced it would be laying off 28,000 employees, as its parks business in the U.S. has struggled, despite reopening in California and Florida. DISNEYS HAWAII RESORT TO START PHASED REOPENING IN NOVEMBER Disney's Chairman of Parks, Experiences and Products, Josh D'Amaro, announced the layoffs of "castmembers" Tuesday evening, citing "limited capacity due to physical distancing requirements" and the uncertainty of the duration of the pandemic. As such, D'Amaro said the company has made "the very difficult decision to begin the process of reducing our workforce." Ticker Security Last Change Change % GM GENERAL MOTORS COMPANY 29.50 +0.77 +2.66% NKLA NIKOLA CORPORATION 20.00 +2.12 +11.88% General Motors may decide to extend talks with Nikola Corporation on its $2 billion deal, CNBC reported. The deal, which had been expected to close on Wednesday, is under scrutiny after short-seller Hindenburg Research said Nikola made false claims about its technology for its electric trucks. The company's former chairman, Trevor Milton, also recently resigned, amid allegations of sexual harassment. Ticker Security Last Change Change % CZR CAESARS ENTERTAINMENT 56.56 +2.07 +3.80% PENN PENN NATIONAL GAMING 72.97 +3.56 +5.13% DKNG DRAFTKINGS 57.20 +1.46 +2.61% Caesars Entertainment announced it would buy British-gambling company William Hill for 272 pence per share, valuing William Hill at $3.73 billion, or 2.9 billion British pounds. The deal puts other gaming stocks in focus. Ticker Security Last Change Change % AAPL APPLE INC. 115.86 +1.76 +1.55% Apple Inc. awarded CEO Tim Cook his first major stock grant since 2011, giving Cook an additional 333,987 restricted stock units that will vest in thirds on an annual basis starting in 2023, according to an SEC filing Tuesday. “Tim has brought unparalleled innovation and focus to his role as CEO and demonstrated what it means to lead with values and integrity," Apple's Board of Directors told FOX Business in a statement late Tuesday. "For the first time in nearly a decade, we are awarding Tim a new stock grant that will vest over time in recognition of his outstanding leadership and with great optimism for Apple’s future as he carries these efforts forward.” APPLE BECOMES FIRST U.S. COMPANY WORTH $2 TRILLION Crude oil inventories also showed a healthy draw down signaling demand is picking up. Ticker Security Last Change Change % USO UNITED STATES OIL FUND L.P. 28.16 +0.47 +1.70% GET FOX BUSINESS ON THE GO BY CLICKING HERE The yield on the 10-Year Treasury dipped to 0.646%, the sixth drop in the past eight trading days. European markets were lower in Wednesday trading, with the FTSE 100 and DAX falling 0.2% and 0.5%, respectively. CLICK HERE TO READ MORE ON FOX BUSINESS Fox News' Marisa Schultz and FOX Business Lucas Manfredi contributed to this story.
Posted inNational News

Cuomo’s office reportedly pushing against sending new ballots after voters received mismarked envelopes

USNN World Newsby USNN World NewsSeptember 30, 2020March 5, 2025
Biden and Trump attacked each other in personal terms for more than 90 minutes
Posted inNational News

Top 5 moments from Trump and Biden’s rough and rowdy first presidential debate

USNN World Newsby USNN World NewsSeptember 30, 2020September 30, 2020
First presidential debate: What to watch for at the Trump vs. Biden showdown
Posted inOpinion

First presidential debate: What to watch for at the Trump vs. Biden showdown

USNN World Newsby USNN World NewsSeptember 29, 2020March 27, 2025
Flynn lawyer in fiery hearing tells judge to recuse self over 'abject bias,' says she asked Trump not to pardon
Posted inDepartment of Justice

Flynn lawyer in fiery hearing tells judge to recuse self over ‘abject bias,’ says she asked Trump not to pardon

USNN World Newsby USNN World NewsSeptember 29, 2020September 29, 2020
Supreme Court and ObamaCare – here's what to expect if law is not upheld
Posted inNational News

Texas’ largest county is approving voter registrations for noncitizens, lawsuit claims

USNN World Newsby USNN World NewsSeptember 29, 2020October 20, 2025
Supreme Court and ObamaCare – here's what to expect if law is not upheld
Posted inOpinion

Supreme Court and ObamaCare – here’s what to expect if law is not upheld

USNN World Newsby USNN World NewsSeptember 29, 2020September 29, 2020
Rep. Scalise: ‘Somebody clearly broke the law to leak’ Trump’s tax history
Posted inNational News

Rep. Scalise: ‘Somebody clearly broke the law to leak’ Trump’s tax history

USNN World Newsby USNN World NewsSeptember 29, 2020March 14, 2025
'Mass confusion' in major city over mismarked absentee ballots
Posted inNational News

‘Mass confusion’ in major city over mismarked absentee ballots

USNN World Newsby USNN World NewsSeptember 29, 2020May 11, 2025
Trump is reducing US involvement in wars, one of his nominators said
Posted inWorld

President receives third 2020 Nobel Peace Prize nomination

USNN World Newsby USNN World NewsSeptember 29, 2020June 20, 2024
Trump campaign requests third party inspector to check for electronic devices in candidates' ears
Posted inNational News

Trump campaign requests third party inspector to check for electronic devices in candidates’ ears

USNN World Newsby USNN World NewsSeptember 29, 2020September 29, 2020
PROJECT VERITAS BOMBSHELL: ILHAN OMAR CONNECTED TO ILLEGAL BALLOT HARVESTING SCHEME
Posted inNational News

Project Veritas Bombshell: Ilhan Omar Connected to Illegal Ballot Harvesting Scheme

USNN World Newsby USNN World NewsSeptember 28, 2020September 28, 2020

Posts pagination

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NATIONAL NEWS

  • Trump Endorses Former Aide Max Miller Against GOP Rep. Who Voted for ImpeachmentTrump Endorses Former Aide Max Miller Against GOP Rep. Who Voted for Impeachment
    By Mimi Nguyen Ly Former President Donald Trump on Friday endorsed his former aide, Max Miller, in his primary challenge of incumbent Rep. Anthony Gonzalez (R-Ohio), who ...
  • Trump ‘Planning for the Next Administration’: Former Chief of Staff Mark MeadowsTrump ‘Planning for the Next Administration’: Former Chief of Staff Mark Meadows
    By Samuel Allegri Mark Meadows, the chief of staff of former President Donald Trump, said that they will be moving forward with the “America First” ...
  • Judge Rules Arizona’s Maricopa County Must Turn Over 2.1 Million November Election Ballots to SenateJudge Rules Arizona’s Maricopa County Must Turn Over 2.1 Million November Election Ballots to Senate
    By Jack Phillips A judge on Friday ruled that Maricopa County must provide some 2.1 million ballots from the Nov. 3 election to the Arizona state Senate ...
  • Hawley Proposes $15 Minimum Wage for Billion-Dollar CorporationsHawley Proposes $15 Minimum Wage for Billion-Dollar Corporations
    By Tom Ozimek Sen. Josh Hawley (R-Mo.) on Friday announced legislation that would force big companies to pay their workers a $15 minimum wage. Hawley’s plan targets corporations with ...
  • Rep. Scalise Releases Timeline of Cuomo’s Nursing Home Death Toll ‘Cover-Up’Rep. Scalise Releases Timeline of Cuomo’s Nursing Home Death Toll ‘Cover-Up’
    By Tom Ozimek House Minority Whip Steve Scalise (R-La.) on Thursday ramped up his criticism of New York Gov. Andrew Cuomo’s handling of the nursing home COVID-19 deaths, ...
  • Federal Judge Rules Nationwide Eviction Ban Is UnconstitutionalFederal Judge Rules Nationwide Eviction Ban Is Unconstitutional
    By Janita Kan A  judge in Texas on Thursday ruled that the federal government does not have the authority to issue a nationwide eviction moratorium. U.S. District Judge ...
  • Democrats Accept 2 of 286 Amendments Sought by Republicans for $1.9 Trillion COVID-19 Stimulus BillDemocrats Accept 2 of 286 Amendments Sought by Republicans for $1.9 Trillion COVID-19 Stimulus Bill
    By Masooma Haq Republicans have criticized Democrats for continuing to push their pandemic stimulus package while accepting little to no Republican input. House Minority Leader ...
  • Biden’s $1.9 Trillion Relief Bill Is ‘Neo-Socialist Wish List’: Sen. John KennedyBiden’s $1.9 Trillion Relief Bill Is ‘Neo-Socialist Wish List’: Sen. John Kennedy
    By Tom Ozimek Republicans are rallying against Democrats’ proposed $1.9 trillion COVID-19 relief bill, with Sen. John Kennedy (R-La.) the latest to pan the package as ...
  • Biden’s Attorney General Pick Says Portland Riots May Not Have Been ‘Domestic Terrorism’Biden’s Attorney General Pick Says Portland Riots May Not Have Been ‘Domestic Terrorism’
    By Zachary Stieber Attorney general nominee Merrick Garland said this week that the riots in Portland last year may not have qualified as domestic terrorism. “My own definition, which is ...
  • Ex-Capitol Police Chief: Intel Indicated Antifa, Proud Boys, Other Groups Would Join on Jan. 6Ex-Capitol Police Chief: Intel Indicated Antifa, Proud Boys, Other Groups Would Join on Jan. 6
    By Jack Phillips Former Capitol Police Chief Sund said that a pre-Jan. 6 intelligence assessment suggested that Antifa, Proud Boys, and extremist groups would partake in the ...
  • Tiger Woods Hospitalized With Multiple Leg Injuries After Car CrashTiger Woods Hospitalized With Multiple Leg Injuries After Car Crash
    By Reuters LOS ANGELES—Golfer Tiger Woods was rushed to a Los Angeles hospital on Tuesday after suffering multiple injuries when his car went off a road and rolled down a steep ...
  • Trump Attorney’s New Show to Focus on Nexus Between Law, Current IssuesTrump Attorney’s New Show to Focus on Nexus Between Law, Current Issues
    By Ivan Pentchoukov One of the key attorneys who worked on President Donald Trump’s post-election legal effort will focus on the intersection of Constitutional law and the ...
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