Democratic candidate for President Joe Biden will make the speech intentionally of his lifetime. The day started down pete with a rise in jobless claims. Yesterday, we saw a surprise bearish reversal. Today, a surprise bullish reversal, all leading into joe bidens speech. Morning,earlier in the we had stocks down a little bit as the initial jobless claims came back in above a million. But we had a turnaround. Thanasdaq closing up more 1 , so perhaps some folks hoping that those unfortunate job numbers could force congress to approve a stimulus package sooner rather than later. Nasdaq up 1. 4 . , the newa cap index York Stock Exchange faang index, up about 2 . Facebook,habet, amazon climbing higher. The stayathome trade back in the lead. Russell down half a percent. Interesting way for the gains to happen. Perhaps not the healthiest. Financials, industrials. All about tech. You were mentioning the dnc tonight. Joe biden making potentially what will pd speech of his lifetime. Going into
Considering the increased volume, and to your point the incredible run up that both stocks have had. However, i think people forget that Capital Management is the this man as a sense of biggest thing that a Retail Investor has to do now this may make people in a situation where buying 100 devotion welcome to squawk alley. Shares, et cetera, is not such a the s p trying to build on a six giant part of their account. Day win streak already on pace for the best august since the late 1980s. Were hanging on to one point. Tesla is up 16 this month, has that demand been baked in or pretty good numbers on consumer do you see further room to gain confidence were waiting for the tesla and after monday also . I may punt a little on those apple splits effective on questions. I dont directly cover apple or monday my eye is on this divide tesla. I look at stock splits across a between enterprise on premise performance and Enterprise Cloud Broad Technology sectors usually it is nonevents performance.
Apple were virtually on capitol hill for hearing on big tech and at the trust. Thats our discussion this week on the communicators. Joining us is cerebellar who is with the American Economic liberties project. Shes the executive director, and former congresswoman Barbara Comstock two is now a Senior Advisor at Baker Donelson. Sarah miller, the question i always ask quite a bit at the hearing was his big tech too big . What is your answer to that . Guest i think the obvious answer to that is absolutely. The members of the subcommittee, both democrats and republicans really focused in on the power of these corporations over the way that we communicate and the way that we engage in commerce. That was the dominant theme of this hearing, and he also got into the guts of how these businesses work, how they abuse their dominance, i think gauge and predatory behavior and just how they are hurting other businesses, small, medium sized businesses and everyday families. Families. It was really qu
Right, i think the obvious answer to that is absolutely. The members of the subcommittee, both the democrats and a number of the republicans really focused in on the power of these corporations over the way we communicate and the way we engage. That was the dominant theme of the hearing. They also got into the god of how these businesses work and how they use their dominance and how theyre engaged in predatory behavior and how they are hurting other businesses, small, medium and everyday families. It was really quite remarkable hearing, night and day from the hearings that we saw just a couple of years ago when members of congress were grilling Mark Zuckerberg. Yesterday was i think a pretty remarkable moment in the Ongoing Investigation into monopoly power in general, but especially in regards to tech platforms and Digital Markets. Host congresswoman comstock. Guest i think yesterday we saw with Congress According to gallup today had an 18 Approval Rating and was attacking four of the
Rise. Without continued vigilance, well again create the conditions that led to us being the worst affected country. How many deaths and how much suffering are you willing to accept to get back to some form of normality. Economic adviser larry kudlow. And Liz Ann Sonders and Neel Kashkari. Top pharmaceutical executives will join us on the latest search on covid vaccines and treatments and all of the weeks politics with Chris Christie and rahm emanuel on our powerhouse round table. Announcer from abc news, its this week. Here now, chief anchor George Stephanopoulos. Good morning and welcome to ek that set somef e worst records ever for the rnin 20. 5 million americans lost their jobs in april, tentimes the record set in 1945 when the country demobilized from world war ii. The Unemployment Rate jumped to 14. 7 . Just three months ago, unemployment was at a record low of 3. 5 . And as stunning as those numbers are, they dont capture the depth of the damage, adding workers looking for full