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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

Groundhog Day 2020: Here’s what Punxsutawney Phil’s prediction is for the rest of winter

By Travis Fedschun | Fox News As light snow fell early Sunday in western Pennsylvania, the Keystone State’s most famous groundhog revealed that warmer days ...

Tom Basile: Pelosi’s impeachment gamble fails – here’s what going all in could cost her and the Democrats

By Tom Basile | Fox News What a difference a year makes. Last spring, Speaker Nancy Pelosi sounded an alarm of caution over a hyper-partisan impeachment. In the fall, she ...

How Much is Trump’s Impeachment Costing Taxpayers?

By Megan Henney FoxBusiness The impeachment inquiry and trial has cost significantly less than President Bill Clinton’s in 1994. The third impeachment trial in U.S. history ...

Trump lists his pick for No. 1 Dem opponent in exclusive pre-Super Bowl interview with Hannity

By Talia Kaplan | Fox News Speaking on “Fox & Friends Weekend” live from Miami ahead of his interview with President Trump during the Super Bowl LIV pregame show, ...

Trump to Chart a ‘Vision of Relentless Optimism’ in State of the Union Address

By Ivan Pentchoukov President Donald Trump is expected to lay out an agenda focused on the needs of working families during his State of the ...

Bloomberg’s $10M Super Bowl ad posts misleading stat on child gun deaths

By Gregg Re | Fox News Democratic presidential candidate Mike Bloomberg’s $10 million 2020 Super Bowl ad includes a misleading statistic concerning the number of children killed in ...

History of the Iowa caucuses, America’s kickoff presidential contest

By Paul Steinhauser | Fox News DES MOINES, Iowa – New Hampshire has been holding its first-in-the-nation presidential primary for 100 years. But Iowa’s a much more recent power player in the race ...

Coronavirus declared public health emergency in US

By Alexandria Hein | Fox News Health and Human Services Secretary Alex Azar announced on Friday that the coronavirus has been declared a public health emergency in the U.S. Beginning ...

Biden campaign spokeswoman pressed by Ed Henry on Hunter Biden and Burisma

By David Montanaro | Fox News A spokeswoman for the Biden campaign faced tough questioning from Fox News’ Ed Henry Friday over the vice president’s son’s past business dealings in Ukraine, ...

CNN anchor John King says Republicans make ‘legitimate point’ about whistleblower

By Sam Dorman | Fox News CNN anchor John King defended Republicans on Thursday, arguing they made a “legitimate point” in asking why the intelligence community whistleblower — who brought ...

Trump, at Iowa rally, taunts Dems before caucuses: ‘We’re beating them all’

By Morgan Phillips | Fox News President Trump taunted Democrats at a major rally in Iowa Thursday night on the eve of key Senate impeachment action and just days before the nation’s first ...

Alan Dershowitz tears into CNN on CNN: Your network ‘distorted’ my argument to ‘misinform viewers’

By Joseph A. Wulfsohn | Fox News Harvard Law Professor Alan Dershowitz tore into CNN during his appearance on the network over its coverage of his argument he made in ...