Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
End of the day right now even though you dont see visible flames they still have their hands full. You can see up on the hillside, this was a new development that took place about a minute ago we saw them come over the ridge line and look at that theyre coming down so looks like a change. Ive shifts so more firefighters are being thrown at this. This is called the call wein fire because its on colleen drive and blossom avenue and then well zoom off in the distance look at the hillside now that the sun is up you can clearly see the damage from this fire look at that has charred on the side about 90 acres burned. We should get new containment numbers very shortly as they usually update at around 7 oclock in the morning. Let me show you video this fire happened late last night this is a very populated area and it quickly spread through the very dry terrain we havent seen rain in a long time so it didnt take very long for this fire to spread. Why they think this was arson so quickly theyre
New data and uncertainty over tomorrows opec meeting. Well be leave in vienna with the latest porsche is unveiling a new model today. Ceo will be joining us in a first on cnbc interview coming up but while the dow and s p started off the session with alltime highs yet again, the nasdaq has been falling all day and Companies Like netflix, apple, amazon, theyre seeing big declines bertha combs has the news. So are the big tech cap stocks, investors calling it the great rotation today theyre taking profits on names that have run up so fast look at autodesk thats a case in point today, trading at alltime highs yesterday, tumbling on an earnings missed also announcing a 13 work force layoff, thats sending some jitters as well in tech. The biggest source of pain though overall is the sector now the Semiconductor Index has been leading the charge to alltime highs here at the nasdaq the index closing at a record high led by micron and invidia, both doubled this year invidia today seeing a chal
Shares of American Airlines ( AAL ) are falling after the company cut its second-quarter sales outlook.Yahoo Finance Press Subramanian Tells more about
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