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
Good morning. The Vice President of the United States is here, so good morning. All right, fantastic. As i said earlier, thanks for being here today and i want to thank kurt our for his remarks earlier. We are grateful today to honor the workforce and workers across the United States and im proud to say i am part of the dairyland family and want to recognize the team and their families that sacrifice every day to keep the lights on and industry operating 24 hours, seven days a week. Our next speaker is United States senator ron johnson. It is my honor to introduce him. D states senator ron johnson. It is my honor to introduce him. He was elected in 2010 and reelected in 2016. Senator johnson is a graduate of the university of minnesota. He started a manufacturing wisconsin. He is chairman of the Homeland Security Government Affairs committee. He also serves on the budget Foreign Relations and commerce finance and transportation committees. Please welcome senator ron johnson and thank y
Earning in the state four years ago. During a Campaign Rally tonight, President Trump is expected to talk about husband continued earths his continued efforts to restore american manufacturing. The president will call out joe binds half century of shipping american jobs overseas and his recent flipflop, of all things, on fracking. President trumps economic message remains a strong point with pennsylvania voters, for that matter, with voters across the country. Pennsylvania voters overwhelmingly say President Trump will handle the economy better than china joe. A quinnipiac poll today shows the president up 6 points on the issue in the keystone state. Bidens campaign is desperately trying to respond to those surging numbers of President Trump. Bidens handlers today pulled him out of his basement again in delaware for a trip to kenosha, wisconsin. The Trump Campaign immediately criticized bidens trip noting that the president brought with him two days ago federal help for the victims of
Barreling toward the location where the Oil Production goes on. Energye about the oil space, what the 2020 policy has to do with that. We are going to turn our attention to the fed, the big event this week. The markets are watching the annual market symposium in jackson hole tomorrow. It will be virtual and the theme is navigating the decade ahead. The kansas city president Esther George spoke with michael mckee. I will offer you from my perspective this has been a useful process, process that really asks of ourselves to look at what we have learned over the past decade, to try to think about how the economy may have changed, and think about how we communicate to the public. The process in and of itself has been a useful one, and i will leave to the chairman to talk. Michael you have been considered an inflation hawk. Where are you on average inflation targeting . Is to bee my focus true to our price stability target, that our 2 really has to represent what is happening in the real eco
Close proximity to a president ial election. We will hear from him throughout the day and the focus will turn to the jobs report. After u. S. Unemployment claims figures even this reading of the labor market we will be joined by larry kudlow from the white house for his reaction. Lets get to our main markets story. U. S. Stock futures continue their slide after the main gauge clocked its biggest plunge in three months, tech shares took in a selloffeating that knocked down the highest flyers. To put it all in context is dani burger. 750 billion wiped off the nasdaq, a painful day especially for a lot of the retail favorites, like tesla, falling down. Let me show you how this breaks down the chart. I want you to concentrate here, the nasdaq composite versus the s p and the equal weighted version. You can see most of the past month on the way up the nasdaq leads. The green day is the biggest so far. This little chunk at the end of the chart, you can see the biggest chart is the nasdaq fal