USNN World News

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.

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

by USNN World NewsSeptember 30, 2020March 5, 2025

By Ronn Blitzer | Fox News Many Brooklyn ballots had return envelopes with the wrong names on them. New York Gov. Andrew Cuomo and his office reportedly pushed against a plan to send approximately 100,000 new absentee ballots after Brooklyn residents discovered that the ballots they received in the mail had the wrong name listed on the return envelopes. […]

The Fox News contributor told 'The Ingraham Angle' it didn't take a 'rocket scientist' to figure out Lt. Col. Alexander Vindman was the 'original source'

National News

Byron York claims he uncovered real player behind Trump impeachment push

by USNN World NewsSeptember 10, 2020September 10, 2020

By Caleb Parke | Fox News The Fox News contributor told ‘The Ingraham Angle’ it didn’t take a ‘rocket scientist’ to figure out Lt. Col. Alexander Vindman was the ‘original source’. Retired Army Lt. Col. Alexander Vindman, a key impeachment witness against President Trump, was the “original source” of the Trump-Russia collusion push, not the whistleblower, Fox News contributor Byron York said Wednesday. York reveals Vindman, […]

National News

Hunter Biden’s deals ‘served’ China and its military, new documentary claims

by USNN World NewsSeptember 4, 2020September 4, 2020

By Bruce Golding | New York Post ‘Riding the Dragon: The Bidens’ Chinese Secrets’ is narrated by ‘Clinton Cash’ author Peter Schweizer. Hunter Biden’s business dealings in China served the “strategic interests” of the country’s communist government and military — and may have imperiled American national security, claims a new documentary exclusively previewed by The Post. “Riding the Dragon: The Bidens’ […]

New Hampshire

Trump supporters lining up for New Hampshire rally say GOP convention will ‘sway’ voters

by USNN World NewsAugust 28, 2020August 28, 2020

By Paul Steinhauser | Fox News MANCHESTER, N.H. – Sarah Manjarrez and her husband drove from New York City to New Hampshire to see President Trump in person. Supporters predict a bounce for Trump coming out of the convention. Ahead of the president’s Friday night speech in the key battleground state — his first campaign event since his nomination acceptance address Thursday […]

Economy

Trump orders $400 weekly unemployment payments amid COVID crisis, accuses Dems of stonewalling

by USNN World NewsAugust 8, 2020October 14, 2024

By Marisa Schultz | Fox News Trump take action after congressional stalemate. President Trump signed four executive orders Saturday aimed at delivering relief to Americans struggling with the economic fallout of the coronavirus while accusing Democrats of stonewalling greater aid efforts. Trump announced a $400-per-week supplemental unemployment payment to out-of-work Americans — short of the $600 weekly benefit that expired at the end of […]

Weather

Tropical Storm Isaias caused 147 mph wind gust atop Mount Washington in New Hampshire

by USNN World NewsAugust 5, 2020September 7, 2024

By Travis Fedschun, Janice Dean | Fox News Isaias is now well into Canada, after killing 6 people in the U.S. Whipping winds from Tropical Storm Isaias brought down trees and knocked out power for millions along the East Coast on Tuesday, with hurricane-strong gusts blasting atop Mount Washington in New Hampshire. At least six people were killed as Isaias spawned tornadoes and dumped rain along the East Coast after […]

National News

California pastor to defy Newsom’s shutdown, possibly run for governor

by USNN World NewsJuly 16, 2020June 20, 2024

By Caleb Parke | Fox News A California pastor said he would defy Gov. Gavin Newsom’s latest coronavirus lockdown — and maybe even challenge him in the polls. Pastor Greg Fairrington, leader of 3,500-members Destiny Christian Church outside of Sacramento, said he plans to continue holding in-person services despite Newsom’s second shutdown announced Monday. The Golden State has had a steep surge of COVID-19 cases, […]

Weather

Tropical Storm Fay brings rain, flooding to mid-Atlantic and parts of New England

by USNN World NewsJuly 10, 2020July 10, 2020

By Peter Aitken, Brie Stimson | Fox News The storm is expected to make landfall late on Friday. States in the mid-Atlantic and parts of New England have started to feel the effects of Tropical Storm Fay, with some areas seeing up to 6 inches of rain and flash flood warnings throughout the day. Tropical Storm Fay is expected to make landfall […]

National News

New report argues perils of mail-in voting go beyond fraud

by USNN World NewsJuly 7, 2020June 13, 2025

By Ronn Blitzer | Fox News The report warns that sweeping national change to voting would be costly and dangerous. A new report from a conservative group on the potential problems with large-scale mail-in voting argues that a recent push from states to send ballots to all registered voters for November’s election would not only expose them to possible fraud but […]

Economy

Biden win ‘biggest risk’ to Buffett’s new deal

by USNN World NewsJuly 6, 2020July 6, 2020

By Jonathan Garber FOXBusiness A 2020 presidential election win by former Vice President Joe Biden represents the “biggest risk” to Warren Buffett’s latest deal, according to one industry expert. Buffett’s Berkshire Hathway on Sunday announced plans to purchase Dominion Energy’s natural gas transmission and storage network for $9.7 billion, including debt. A Biden presidency would likely lead to stricter regulations on the energy […]

Healthcare

Anti-police demonstrations may have sparked new coronavirus cases, some cities now acknowledge

by USNN World NewsJuly 6, 2020February 26, 2025

By Gregg Re | Fox News But in NYC, de Blasio’s office says ‘we do not believe there has been a resurgence in cases related to the protests’. Several big-city mayors and top officials are acknowledging that weeks of anti-police protests and riots may have contributed to surging coronavirus rates, weeks after Democrats and even some epidemiologists openly encouraged Black Lives Matter allies to demonstrate in […]

Healthcare

Hydroxychloroquine helped save coronavirus patients, study shows; Trump campaign hails ‘fantastic news’

by USNN World NewsJuly 3, 2020May 11, 2025

By Gregg Re | Fox News Drug touted by Trump was mocked by media. Researchers at the Henry Ford Health System in Southeast Michigan have found that early administration of the drug hydroxychloroquine makes hospitalized patients substantially less likely to die. The study, published in the International Journal of Infectious Diseases, determined that hydroxychloroquine provided a “66% hazard ratio reduction,” and hydroxychloroquine and […]