Result of arson fires. And coronavirus takes out the countrys Oldest Department store chain. Liquidation sale signs could be seen on lord taylor locations yesterday. The nearly 200yearold Company Announcing its declared bankruptcy. Those are some of our top stories on this monday, august 3rd. Thank you for joining us. Hope you had a good weekend. Lots of news to get to. Were beginning this half hour with the possible hurricane heading for landfall in North Carolina. Residents and President Trump has already approved a disaster declaration for parts of the state. Isaias is a Strong Tropical Storm and heading northnorthwest. Before its done it will bring as much as six inches of rain to North Carolina. Reporter josh chapin is there. Reporter beachgoers raving about the weekends weather even as a storm threatens this beach town again. For Tropical Storms, we have to look at the totality of impacts. Reporter New Hanover County Emergency Management is not yet calling for evacuations. For ea
Bullishness as manifested by a huge part of the market, i call it the 11 11. 5 trillion portiono the market, which is related to the cramer covid index you cant get enough of these stocks these are the companies that do best when you stay at home whether it with General Mills, a surprise preannouncement that was extraordinary yesterday or a lot of the apple number bumps today. Even just out of the woodwork abbvie put on the recommended list why . Now you can stay at home and go get your botox there is just absolutely a level of bullishness about this stay at home, work at home market then theres the rest of the market, which is just awful. And astonishing. Well get to calhouns comments on the today show in a moment i know you have logitech on tonight. Sales up 13. Theres a lot of web cams, mice, and keyboards that are being bought right now if you want logitech. Its so interesting because soi. They have a particular mouse that is almost as good as a wired mouse. People want that becaus
A guy who is very productive for a program that struggled for the last couple years for sure. Its nice to see denver i think denver is doing a nice job of just an allaround draft. Early it looks like they were going to go with speed on the outside. Wanted to score with teams like kansas city, pick up jeudy. Now being able to pick up the an offensive lineman and defensive lineman, theyre definitely looking at an allaround package trying to develop and build in this draft that Adam Schefter was just talking about. A lot of depth there so, these teams are starting to find guys they think can contribute a little bit. They have been able to do it on the outside, the broncos have, and working on the interior. Remember, still rounds four through seven coming up tomorrow and then some compensatory picks coming up at the end of this third round. The 96th pick, super bowl champion Kansas City Chiefs about to make a pick. Lets see what Roger Goodell has for us. Super bowl chop, super bowl chop. W
The oversight committee. He address Election Security and fbis response to domestic terrorism and white supremacist violence and other topics are chinese espionage and threats from an official. This is just under three hours. [inaudible conversations] [inaudible conversations] come to order we appreciate you coming over director ray we will try to get out of here by 1 00 oclock you have an agency to run and if there is any cleanup we will try to accommodate. Very briefly the oversight hearing comes at an important time even though there is no evidence the russians change the tally of the 2016 election they exceeded their wildest expectations or interfere with the 2016 elections. All of us are very interested in what we can do to make sure this doesnt happen again in 2020 and after what china is doing section 2015 authorities are about to expire to hear from the director what that means to the country with a pfizer warrant investigation we that is coming also media leaks at the fbi. Hav
Hoenig and liz peek. Heres Elizabeth Warrens dire prediction, in a post she titles quote, the coming economic crash and how to stop it. Warning lights are flashing, whether its this year or next year, the odds of another economic downturn are high and growing, end quote. Warren goes on to lay out some of her own plans but ultimately calls on the president and congress to regulate the Financial Sector and reduce middle class Household Debt. So are we really on the brink of an economic crash, or is she just trying to scare people and push her own economic agenda . What do you think . David, this is an incredible example of misinformation gone wild. This piece that Elizabeth Warren put out has a whole lot of facts and statistics, none of which in the aggregate really meet the conclusion we are even close to recession. For example, i could go paragraph by paragraph. Obviously i wont. She talks about how Household Debt is at a record level. Household debt grows when the economy is growing a