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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, 2020October 20, 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, 2020February 2, 2026

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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

Florida Supreme Court OKs DeSantis Request to Probe Immigration Offenses, Especially Child Endangerment

By Jannis Falkenstern PUNTA GORDA, Fla.—The Florida Supreme Court agreed to impanel a statewide grand jury in response to a petition filed by Gov. Ron ...

Doctor Who Performed 10-Year-Old Girl’s Abortion Takes Step Toward Suing Indiana Attorney General

By Zachary Stieber The doctor who recently performed an abortion for a 10-year-old girl alerted Indiana’s attorney general on July 19 that she may sue him for defamation. Dr. ...

Fauci Reveals Exactly When He’s Leaving the Federal Government

By Jack Phillips White House COVID-19 adviser Anthony Fauci revealed that after about five decades in the federal government, he’s planning on leaving his position by the end of ...

Nancy Pelosi Responds After Husband’s Recent Stock Purchases

By Jack Phillips House Speaker Nancy Pelosi’s (D-Calif.) office responded to criticism about her husband’s purchase of semiconductor stocks ahead of Congress’s vote targeting the industry. “The ...

Stefanik Criticizes Jan. 6 Committee for Keeping Pelosi ‘Off-Limits’ From Probe

By Frank Fang House GOP Conference Chairwoman Rep. Elise Stefanik (R-N.Y.) has called out Rep. Bennie Thompson (D-Miss.), chair of the Jan. 6 Committee, questioning ...

Biden Hits Back After Saudi Official Makes Claim on Meeting With Crown Prince

By Jack Phillips President Joe Biden early Sunday disputed a claim that he didn’t accuse Saudi Arabia’s Crown Prince Mohammed bin Salman of orchestrating the killing of Washington Post ...

Former Trump Adviser Peter Navarro Rejects DOJ Plea Offer

By Mimi Nguyen Ly Former White House trade adviser Peter Navarro has declined a plea offer to plead guilty to a contempt of Congress charge, the lead federal ...

Biden Was Fed Pills to Function During Campaign, Supervised by Dr. Jill; Before Dosing Biden Was ‘Like a Small Child’: Tucker Carlson Source

By Kristinn Taylor Joe Biden’s cognitive function was so far gone that he was fed pills by staff supervised by his wife Jill to be ...

Lawmakers Say Mark Milley Needs to Answer Report He Broke Trump’s Chain of Command

By Jack Phillips Congressional lawmakers have asked Joint Chiefs of Staff Chairman Gen. Mark Milley to respond to claims that he cut off the chain of command while serving ...

Court Blocks Biden Admin From Punishing Unvaccinated Air Force Members

By Beth Brelje and Mimi Nguyen Ly A federal district court in Ohio has temporarily blocked the Biden administration from enforcing the COVID-19 vaccine mandate on thousands of U.S. Air ...

Trump Says He’s Made Up His Mind About 2024, But Unsure About Timing of Announcement

By Gary Bai Former President Donald Trump said he has made his decision about whether to run in 2024. In an interview with the New York Magazine published on July ...

Trump Family Responds After Ivana Trump’s Death Is Confirmed

By Jack Phillips Friends and family members issued responses on Thursday following the death of Ivana Trump, former President Donald Trump’s first wife. “I am very saddened to ...