Lauren simonetti watching those markets, blake burman standing by at the white house and Hillary Vaughn is in baltimore where the Vice President is expected to address the Republican National convention this evening. Lauren, we start with you. Lauren hey, connell. Tech certainly led the way today, but that wasnt all. Manufacturing remained strong. Orders for the big expensive items surging last month and hopes for a vaccine alive and well. Moderna says new trial data that the vaccine candidate built immunity older patients. That lifted sentiment. The dow rising a quarter of 1 . S p 500, four Straight Record closes. The nasdaq, five straight. Above 11,600 for the very first time. Alltime highs, amazon, alphabet, microsoft, and facebook. Yes another record close for apple at 506 a share. Look at sales force, guys. These gains are incredible. Investors cheering they raised the fullyear guidance. Imagine if right now sales force were in the Dow Jones Industrial average. It would be up a lo
Or is Something Else to play. We will get into it but as i can see the major indexes down in the nasdaq up 3 . Following reports of the november surprise on a vaccine bio pharmacy ceo pledged to take the over speed when it comes to treatment. Tesla feeling a little dented this morning after getting snubbed by the s p 500 despite four straight quarters of profit the benchmark index says no thank you very much, we will discuss the implications of that. In Washington Congress returns as a stimulus stalemate continues, white house chief of staff mark meadows kelli Maria Bartiromo in the last hour he thinks the deal will get done and soon. We are 56 days away from the election for the battle of the swing state and definitely heating up. President trump touting a rebounding economy as a hits florida and North Carolina today and we will see him leave later this morning. The president is threatening to cut ties with china and issues of stock morning if joe biden wins. And how about this, the h
Rumprussia investigation. And a power panel with the hills joe concha and American Conservative Union matt schlapp on the Mainstream Media touting joe bidens speech last night as hopeful while create you can es say the bar critics say the is low for biden. Also tonight an angel family mourning a son killed nine years ago by an illegal alien as the dnc promotes ilLegal Immigration. We have representative doug collins on that. And the congressman called for the cbp to his home tate of georgia. Im Jackie Deangelis in for elizabeth macdonald. The evening edit starts right now. Jackie first, to the latest in washington expect postmaster general testifying before a senate panel, louis dejoy defending against allegations that the usps is slowing down the mail delivery process to impact the election. First, id like to emphasize that there has been no changes in any policies with regard to election mail for the 2020 election. We recognize that during, during this pandemic, when i arrived there
This weekend, but again, these are fast moving pieces. Were looking at uber and lyft that might be exiting california because of some new requirements that they treat their freelance workers like employees. That could be a costly issue for them, so much so even though it accounts for about 60 of their combined business, the state of california alone they would still leave rather than put up with that. In new york city, forget about the virus, forget about eventually opening up gyms next week, the fact of the matter is, new york city is a safety concern right now with residents in once red hot real estate markets saying enough. It has gotten so bad theyre bolting. The visitors upon hearing this, theyre just not coming. So were following that. Right now were also following the drama in washington as at least the house considers coming back to deal with this postal issue. Chad pergram on that. What are we talking about here, chad . Reporter the house of representatives is going to meet on
This just a correction or is there Something Else more insidious involved . I wouldnt use the c word. I would say this is profittaking pullback. That is all this is. Remember, the nasdaq, top 100, ndx were up 75 straight up off the lows. Even after this pullback were off 10 from the highs, theyre sill up 66 . Looking at the s p, right now as it stands is 50 off that march bottom. So the end is not near. This is just a profittaking pullback. This same situation is in place. Lets see how things react. Even with today, were only down 3 in tech. That is not much at all. What i like to see with vix. The vix has a lower high than it had on friday even though the s p had a lower low. That is very much a positive. David jonathan what do you think . The end is not here. This is just a pullback. We could be way up again momentarily after the pullback is finished. What do you think . Put me in the bear camp, you have 80 new, 20day highs, excuse me, only 8020day lows. And the pendulum is to the be