Fight . Sen. Boxer this is Donald Trumps america. I do not think you need a special playbook. You just have to look out the window and think about what weve gone through the last four years, the chaos, the fact that we are no longer a leader in the world, our allies have abandoned us and tyrants love trump. We get hit with a pandemic and the first thing trump says is it will disappear. We have 15 cases, it is going down to one, i will never forget that day. I know we are talking about business and i honestly think he thought if he admitted what he had been told by people like dr. Fauci, the stock market would go down. If you are the leader of the free world, you have to focus on the challenges. What did he do . He passed it off to the different governors, said go forward, hardly giving them any money, and we are suffering. People are dying. People are scared. Be withk i happened to my children and my grandchildren. My husband and i said we cannot stand it. Everybody got tested, nobody
Tiktok launches a legal bid to stop President Trump from imposing a ban in america. He says the app is a threat to National Security and tiktok says the bands peer politics. The president marks the official nomination at the Republican National convention by criticizing mailin voting and saying the opponents his opponents want to steal the election. Shery u. S. Futures are opening flat after solid gains for u. S. Stocks in the new york session. Record highs for the s p and the nasdaq. We had optimism over vaccines and treatments for coronavirus. The s p 500 saw most of the sectors in the green. Small cap biotech got big moves from the authorization of convalescent plasma for treating covid19. Vaccine developers tumbled on this new focus on plasma treatment. The dollar weakness we saw earlier in the session did pervak. Did pare back. Look at what oil is doing. It rallied and gasoline surged to a fivemonth high at the moment under pressure headed to the 42 a barrel level. Laurae storms m
Natural gas. A good have to do with some of the hot weather we have in the u. S. One Economic Data point that is important the ism manufacturing number came in this morning at 10 00 a. M. It shows us the manufacturing part of the economy is expanding. It is not just strong earnings reports from last week but we have a positive piece of data. It will be interesting to see what the payrolls report rings on friday. David brings on friday. Are they . Confident what does that tell us . The vx end, i am so glad you are bringing it up. Indexes,he volatility both are higher, telling you some folks are thinking volatility could spike. The vix curve points to a big spike of volatility before the election. Levelsic index is at seen last december and the summer of the 2018 ahead of those big selloffs. There are reasons to think that some storing clouds could be ahead. The dollar is climbing for the there are reasons to think that some storm clouds could be ahead. The dollar is climbing for the sec
Still, 2000, he little bit of a base there. Coming on the program, we will speak with the Deutsche Bank chief International Strategist. Ceo, it Bookings Holdings on the state of travel. President trump considering a move he decided against last september, cutting the gains tax after saying it would not do enough to help the middleclass. Will hear about that in the upcoming few weeks and i think it will be exciting. Gains tax will be, a lot of people put to work, and a cut in the Capital Gains tax. Talks are stalling out between republicans and democrats. I want to bring in our Bloomberg Contributor for more. Little bit of deja vu. We heard this is in september 2017, he started to warm up to the idea and then reversed course, saying it would not help lower and middle classes. Into thousand 18, they briefly considered something along the lines. A bit of deja vu. I am not terribly surprised. As much as President Trump has moved away from the idea, he has indicated he could change his mind
App at the center of the storm. Meantime, travel as we knew it is over according to airbnb ceo brian chesky. He sat down with us for a wideranging and rare interview. To worldd the pandemic war ii. Tankdid teens on tictoc attendance at President Trumps rally in oklahoma over the weekend. Andrew yang will join us to talk about that and the future of the biden and drum campaigns, plus his latest initiative to get Tech Companies like facebook and google to pay you for your data. First, a check of the markets. Stocks rising despite concerns about a resurgence of the virus in different parts of the country. Walk us through the day. You had all three major averages closing higher by 0. 6 or more. Seems to be there consensus that the virus is nowhere near over but there also seems to be consensus that it will not entirely derail the recovery we are seeing. Small caps also were up by about 0. 5 excuse me, 1 . They have been really kind of a proxy for the recovery story, given that they are mor