FOX Business’ ‘Making Money’ host Charles Payne provides insight into the economic impact of President Trump’s ongoing coronavirus treatment.
This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Ainsley stock futures on the
Ainsley stock futures on the
rise this morning after the
update on President trumps
Health
here on what is he watching
ahead of todays open? Is the
host of making money on fox
business? Is Charles Payne,
hey Charles
hey good morning?
In fact, stocks are up around
the world on the improving news
of President Trump, and maybe the
idea that he could actually
leave the hospital as early as
today.
Certainly this week
you can see u DOT S markets, look
like they are going to open up
pretty strong.
This is after Friday, morning or
overnight on Friday, where the
markets were down substantially
when the news initially broke
so markets around the world
really cheering the idea that
President Trump is recovering
and should be back in the White
House soon,
Ainsley, so the stock market
closed DOW Sampp and NASDAQ
closed down. At the end of the
day on Friday, as you mentioned,
the futures are all up.
Is that because the doctors came
out and they gave an update, he
is out in the motorcade
yeah. There is two things
the president looks like. Is he
going to go back to the White
House this week,
thats absolutely huge
and by the way we closed down
on Friday, but well well off the
lows from the initial news where
the markets went into free fall
mode.
Also, still lingering hopes that
maybe there will be a fiscal
stimulus package.
You know we will see
but thats the one two punch
driving this market this
morning,
Ainsley. What about the debate
last week and the debate this
week?
The vice presidential debate
did that last week make a
difference and what about this
Wednesday?
You know its interesting.
The markets were up for the week
last week.
All the major indices were up
so im, not sure if the needle
moved a lot on that,
we also had a lot of economic
data.
The majority of it was good.
Economic data was good.
The turns have been positive,
we feel like the rebound is
continues,
but Heres the thing
its slowing and so all eyes are
really going to refocus this
week back to Congress back to
potentially some fiscal stimulus
and then perhaps back to the
presidential numbers.
Remember a lot of people were
burned. Looking at polls, can I
tell you right now the consumer
confidence numbers. When you look
atna in that survey, President
Trump had a seven point lead over
Biden when people which
candidate would be better for
their own personal finances.
Transcript generated on 2020-10-17.