Twitter saying that many of those votes are many of those comments are misleading. We continue to feel, the senator and i, we continue to feel very good about how things stand. We have no doubt that when the count is finished, senator harris and i will be declared the winners. I asked everyone to stay calm. The process is working. The count is being completed. We will know very soon. Be following the results, live reports from pennsylvania, where we are just learning that the Truck Campaign is filing a lawsuit as votes are being counted there. Markets are extending the biggest rally since april as investors rushed back into tech. The fed is keeping results near zero. Cooper is out with ubereats is still a bright spot for cooper as the pandemic continues on. Abigail doolittle is following the rally as this election remains uncertain. It is amazing that we do not know who the president of the United States is and we are in the middle of the best week for stocks going back to april. If we
Consumer confidence relatively judge the michigan consumers intimate data is a good guide. Lets break it down a different way. Current conditions, 85. 9. That is above expectations at 84. 9. This is what i was really looking for, expectations also ,oming in ahead of expectations but they are still below current conditions, 79. 2. They are not going down, which ethic is the really important thing, as we see the virus picking up. Alix and we didnt get stimulus, counterintuitive to what many thought would happen. Big tex stocks are lower on a stocks big tech are lower on a flurry of data. Now with us, mark st oeckle. Are you buying the dip . Tok i think people need keep it in perspective. The reports were good. I think what we are seeing today is skimming a little but of the froth out of the valuation adjustment. I think they are all very wellpositioned and very well performing companies, but lets also not forget weve had a big run up into these numbers. The interesting part is you look a
Employees are walking off the job after the ceo barred political activism at work. We will have a live report. Venture a longtime capitalist who just took his company opendoor public dont just for look at public and private markets amidst a pandemic and an election. First, stocks climbing on speculation a stimulus plan will get done. Doolittle, walk us through the Market Action today. Abigail something a bit new today, thats the fact that markets were relatively calm, although the word relatively is important. We did have a bullish ending for stocks, the s p 500 finishing at its best level since early september, and for the most part stocks were higher all day. There was one little wobble late in the morning here on the east coast when speaker of the house nancy pelosi said she wont accept a skinny deal on the airline stimulus are bailout for the airlines unless it is colluded included in a bigger deal. Action withe more the dow transport, another. 8 percent. About then that headline c
I say that with hesitation because you never know with these numbers anymore. Here is more. Is not highfrequency data. But they are coming in stronger than expected. 6. 2ory orders up by percent. The forecast was for 5 . Percentages dont mean a lot right now because data is always volatile. It is even more so now. We are seeing wide swings in orders for both factory goods, durable goods and nondurables. Durable goods orders, we already got a report on that. That gets revised. It is revised stronger. 7. 3 earlier. Tothe end of july, it is up 7. 6 now. These are june numbers. Orders, that is the one economists like to look at because it tells you what business orders are and what business spending is in gdp and that comes in at 3. 4 . That is up from 3. 3 . Not a lot of new information. Slightly stronger. The reopening started to bring rebound into the economy. At this point, we have no idea if that has continued. The new yorku that ism number which represents this 53. 5 four july. At le
And Melinda Gates foundation, bill gates, for a wideranging interview about the pandemic. The Foundation Contributed almost 350 million to fight covid19 around the world. We also talked about the possibility of microsoft buying tictoc. We are standing by for a news briefing with the president , after secretary of state mike pompeo signaled the u. S. Will try to ban other Chinese Technology beyond tictoc in the name of National Security. I want to get to nick, who ,overs the state Department Secretary of state pompeo signaling the u. S. Would urge apple and google from removing certain chinese apps from their app stores, which would be quite dramatic. Talk about what he is saying. Moment, it looks like what secretary pompeo is doing is issuing guidelines or recommendations, warnings, i guess, where he is telling app apps, these chinese tictoc and we chat, are not safe , and we dont think you should include them in your app stores. He also said, we dont think you should allow your apps t