Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
Second term. The president also receiving , the companytok suing the federal government. Lets talk about how the markets are digesting this. Abigail doolittle running us. Joining us. Apple has been one of the companies driving the rally and apple just notified some employees that they plan to reopen a number of retail scores by the end of august. Walk us through the day. Again, recognize. Hopes about a fast tracking of the vaccine and treatment. Abigail lots of optimism. The s p 500 up for a third day. While it is nice to think that it has some of the do with the fast tracking of the vaccine and plasma therapy, it is interesting that the only major nasdaqo close down, the biotech index. The nasdaq 100, the new york faang index. Course if youof own that stock into the close today, you are eligible for the 41 split which will take place next monday. That does not create any value but it seems that it is somehow more attractive. Certainly attractive, the fact that they plan to reopen some
The citys Minor League Baseball team. Well have more on the location later in the hour. The big story on the city, President Trump was also here in charlotte addressing the Republican National convention after officially securing the delegate meeting to be formally nominated for a second term. President trump i want to thank the people of North Carolina, to be honest with you, i felt an obligation to be here. You have a governor in a total shutdown mood. I guarranty on november 4th. It will all open up. You know these democrats governors they love shutdown until after the election is over because they want to make sure numbers look as bad as possible. Reporter president moved on from the Convention Center to other parts of North Carolina. This hour he is headed to South Carolina before flying back to washington where there will be more Convention Action this evening. This state might very well be a mustwin for mr. Trump if he wants to serve 4 00 more years at the white house. Last time
Equipment. The polarized parliament in spain turns for a 4th extension to the lockdown are being challenged. Returning home thousands of Migrant Workers and india who lost their jobs just a lockdown take trains back to their villages. The u. S. Is taking another swipe at china has tensions escalate of the coronavirus pandemic in the past hour u. S. Secretary of state mark pompei are blamed china for the deaths of hundreds of thousands of people around the world and he again accused beijing of covering up the outbreak of cars at 19 adding there was no true win win for the communist regime china saw then that it had an emerging Public Health crisis on its hands the new. China could have prevented the deaths of hundreds of thousands of people worldwide china could have spread the world descend into Global Economic malaise that choice but instead instead china covered up the outbreak in han its National Health commission ordered virus samples destroyed on january 3rd china disappeared brav
The frontline workers of this pandemic. A powerful tribute. You cant say enough as time passes and their work continues on the front lines. We join them in thanking all of those First Responders. We sure do. Song captures it better. They certainly are the champi s champions. We are back on this saturday morning, may 2nd. Lets check the headlines. There is hope for a new potential coronavirus treatment. The fda granted emergency approval for the drug remdesivir to treat patients severely ill with the virus. This comes as states start getting back to business this weekend with malls and restaurants all across the country opening their doors. 34 states now have partial reopening plans in place with 15 still under strict stayathome orders. Prime minister Justin Trudeau announced a nationwide ban on assaultstyle weapons in canada. The move comes less than two weeks after the countrys deadliest mass shooting in history. A gunman killed 23 people in nova scotia. It includes 1500 models of the