National News - USNN World News

National News

Chamber of Commerce’s top political strategist abruptly forced out

by 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.

National News

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

by USNN World NewsSeptember 30, 2020March 5, 2025

Biden and Trump attacked each other in personal terms for more than 90 minutes

National News

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

by USNN World NewsSeptember 30, 2020September 30, 2020

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

National News

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

by USNN World NewsSeptember 29, 2020March 27, 2025

National News

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

by USNN World NewsSeptember 29, 2020March 14, 2025

National News

‘Mass confusion’ in major city over mismarked absentee ballots

by USNN World NewsSeptember 29, 2020May 11, 2025

National News

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

by USNN World NewsSeptember 29, 2020September 29, 2020

National News

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

by USNN World NewsSeptember 28, 2020September 28, 2020

National News

Longstanding tradition at debates comes to an end during first face off between Trump, Biden

by USNN World NewsSeptember 28, 2020September 28, 2020

National News

California wildfires rage as wine country blaze forces evacuation of hospital, hundreds of homes

by USNN World NewsSeptember 28, 2020May 11, 2025

National News

Some Minneapolis City Council members may regret pledge to dismantle police department: report

by USNN World NewsSeptember 28, 2020June 13, 2025

National News

Trump calls New York Times report that he avoid paying taxes ‘totally made up’

by USNN World NewsSeptember 28, 2020September 28, 2020

NATIONAL NEWS

Lara Logan visits Nancy Pelosi’s San Francisco mansion in ‘The Socialist Invasion’

By Yael Halon | Fox News ‘The super-wealthy, like Harris and Pelosi, are always exempt from the socialist policies they push on everyone else’, says Fox Nation ...

Hannity: Hunter Biden emails expose ‘damning information’, ‘corrupt practices’ of Biden family

By Charles Creitz | Fox News Former VP is ‘lying straight to your face’ when he denies discussing overseas business with son, Fox News host claims. The New York ...

Trump slams Biden over reports Hunter Biden introduced Burisma exec to VP dad: ‘Totally corrupt’

By Megan Henney FOXBusiness The correspondence is contained in a massive trove of data recovered from a laptop. ‘The whole thing is insane. Joe Biden is a ...

When court packing goes wrong: Venezuela and other Latin American countries offer sobering reality

By Maxim Lott | Fox News Experts warn that adding court seats has been attempted in other countries, often with disastrous results. The concept of adding more seats to ...

Twitter locks official Trump campaign account over sharing Hunter Biden video

By Marisa Schultz, Brooke Singman | Fox News Trump campaign fires back: ‘This is election interference, plain and simple’. Twitter suspended the official account of the Trump campaign on Thursday, saying ...

Thousands of Pennsylvania voters sent wrong mail-in ballots

By Brittany De Lea | Fox News Tens of thousands of voters in the critical battleground state of Pennsylvania will receive reissued mail-in ballots after being sent the wrong ...

Facebook and Twitter reducing distribution of New York Post Hunter Biden story

By Audrey Conklin, Paul Conner, Nick Givas FOXBusiness Facebook and Twitter limited the distribution of a story in the New York Post about a purported email between Hunter Biden and an ...

Exodus leads to massive rent declines in expensive cities

By Brittany De Lea FOXBusiness NYC and the Bay Area saw rents drop significantly more in September than the national average. Some of the country’s largest cities ...

Texas Republicans challenge curbside, drive-thru voting in new lawsuit

By Megan Henney | Fox News Lawsuit seeks to halt drive-thru voting program, limit curbside voting. The Texas Republican Party filed a lawsuit Monday night challenging a decision by the state’s ...

Ex-Facebook exec warns social media ‘threat to democracy,’ may spark civil war

By Brian Flood | Fox News ‘The attention-based business model of social media companies is a threat to democracy,’ Tim Kendall says. Media Angle is a column offering ...

Whitmer kidnapping plot suspects also discussed abducting Virginia governor

By Danielle Wallace | Fox News Members of anti-government paramilitary groups allegedly discussed kidnapping Virginia’s governor during a June meeting in Ohio, an FBI agent testified Tuesday during ...

More gaffes from Biden prompt Trump to say former VP’s ‘dementia’ is worsening

By Audrey Conklin | Fox News President Trump criticized 2020 Democratic presidential nominee Joe Biden’s memory in a Tuesday tweet. The president’s tweet came after the former vice president made a ...