Palantir pelletier set a september 9 date for an Investor Presentation. And bumble is preparing for a Public Offering that could come as early as the start of next year. Has, reports the cdc notified Public Health officials in all 50 states and five large cities to distribute a Coronavirus Vaccine to Health Care Workers and other highrisk groups as late as as early as late october or early november. Into question the timing because the president ial election is november 3. Lets see how the stories are playing out with Abigail Doolittle in new york. Stocks at record highs, but mixed messages beneath the surface. What are you reading . Abigail it was a very exciting day. At the beginning, we thought we would find a decent decline. The nasdaq went down by 1 . But at the end of the day, big gains including for the nasdaq 100. The s p 500 gaining 1. 5 . Perhaps because of vaccine hopes. For the mixed messages, there are nuances, including the fact that the mega caps you were mentioning like
Monetary policy but says more can be done. A year after listing in hong kong, a Logistics Company discusses real estate, fund management, and the impact of covid19. We speak with the chairman later this hour. Haidi breaking news crossing the bloomberg when it comes to the pmi indicators out of australia. For augustumber still in contractionary territory at 49, better than the previous reading of 48. 1. The pmi composite number, a little bit of an uptick but still in contraction territory. It will be a while before we see a meaningful recovery given we are hearing in domestic media that the state for restriction law down in victoria, melbourne, and surrounding areas could be extended by another two weeks as we continue to get these numbers out of victoria. We have seen a jump about 100 new virus cases for the first time in three days. Another exuberant session for the u. S. Tech underperformed. The s p jumping the most in almost two months to another alltime high but interestingly, the
Funding for the u. S. Postal service. Members of the House Rules Committee met on friday to consider the bill called the delivering for america act introduced by oversight and reform chair carolyn maloney. It provides 25 billion in funding to the Postal Service and returns Service Levels to those at the beginning of 2020. The rules committee voted to send this legislation to the house floor for debate. The rules committee will come to order. We are here today because this president has thrown our democracy further into chaos. We are just weeks away from early voting in some states. The Record Number of ballots are expected to be asked by mail. Are expected to be cast by mail. Sorting machines are disappearing. Delivery has been slowed. The postalle, service is still badly in need of Additional Resources. The house acted to provide more but nothinghs ago has been done. , this isy this clearly an assault on democracy. These actions call into question whether legal ballots will be counted
September. What is interesting, with the this on the screen, unconventional transaction of tesla. Additional 5an billion of shares geared toward perhaps the nonmainstream, the nonwall street crowd. Tesla is interesting because people using bubble with stocks. 2 tesla. Tom a recent secondary, even with moonshot on the markets. This will not be publicly offered. It will be Equity Distribution and distributed by banks as tesla chooses. Somewhat akin to what we saw with lesser successes. Here,l be widely studied the why of this transaction as well as the need for 5 million they are looking for. Here andarkably up big still elevated from where they were. What else are you looking at . Ina the story today markets, aside from tesla, is the dollar and the question of whether people are going to say this is the end of dollar supremacy or if this is just an indication of the low yield, the negative real yield and this idea of global trade. It is the two sides of the story. Tom not only yields do
Then walmarts answer to amazon prime, we will give you a breakdown of what is included an whats not and finally, white house chief of staff mark meadows will join us live, we will talk stimulus, covid19 and the unrest across the nation thats happening toward the top of this hour and you will not want to miss that. Carl kayla, david, guys, everybody is taking stock of the journey we have had not just in august for stocks, but for the past five months, the dow best fivemonth gain since 2009, for the s p the best five months since 1938 and as we said at the top, david, we are heading into historically the worst month not just in general, but especially during election years, september and october have averaged negative returns and we will talk to mark meadows about politics which are increasingly going to be part of the picture here yeah, no doubt. I think you heard it with the last guest who appeared on squawk box at the very end of that show. We are entering what conceivably could be a