Switch to xfinity internet advantageous places as and get a flex 4k streaming device possible. Also, joe biden caps the with peacock premium included for no additional cost. First Virtual Democratic Convention with a pledge to be a president for all americans. As president i will make you a promise, i will protect america, defend us from every attack, seen and unseen, always, without exception, every time. More from the Democratic Convention in a few minutes, but first we begin with the bay area wildfires. Good evening everyone, im frank somerville. And hello everyone im Heather Holmes. Sadly we have late word tonight of several fatalities in these fires. Solano county, a man was found dead in the aftermath of the hennessy fire. The Solano County sheriff says the man lived on Pleasant Valley road in vacaville varied his name has not been released while his notified and cal fire says three people have died in napa county. So far no other information has been released. The massive lnu co
Good morning, what a friday morning. No lack of news today. Home sales, the biggest quarterly jump in history. Management changing for some of jeff bezoss and it is a 4 gain today. They added nearly half a trillion in the market cap this month. It is staggering, because apple right now is about 62 billion plus above the 2 princip trillion mark. That is like adding vm wear. That is your oef raj over the two tril mark. I dont know how history will judge that when skail has taken on new meaning im crashing my ahead because im not wrong, right it is remarkable but it raises questions about the breadth of this rally, right . We continue to see the big tech mega cap names push higher and investors saying can it continue, youre leaving a lot of names in the s p especially behind, karl. Thats right, something to watch as more and more people are looking for signs of a bubble now we have a piece that just crossed regarding facebook laying out contingency plans should the president try to delegi
Speaker pelosi says its absolutely absurdly unconstitutional. What will they do . Go to court to stop people getting the money . Right before an election . Good luck with that. The president s playing political hardball. 84 days to the election and again, the money will flow. Investors like it, by the way. Looking at the futures, the dow industrials will open this morning with a gain of about 100 points. The s ps going to be up about four. The nasdaq, up about 13 as we speak. The president s playing political hardball with china as well and beijing is responding. Jimmy li, a leader of hong kongs democracy movement, has been arrested under the new security law and china has imposed sanctions on u. S. Senators, including marco rubio and ted cruz. Now, that is escalation. Dramatic change may be coming to a mall near you. Amazons in talks with americas largest mall operator, Simon Properties simon group properties, to use some Department Stores as fulfillment centers. Amazon gets cheap spa
Its up about 0. 3 today the dow as we said up over 1 at session highs. The sara crazy to see the s p 500 just wiping out all the pandemic losses the todays show, clorox is a standout winner. Up more than 50 so far this year people stock up on cleaning supplies but can the company keep up with the huge demand for wipes and disinfectants . Were going to talk to the ceo plus, well talk renovations, Small Businesses and more with the ceo of Angie Home Services of that company reporting earnings after the bell. Along with iac, tilray and many more names lets focus in on the big stories that were watching in this final hour of trade mike santoli tracking todays market action. We have the latest on the increasingly complicated stimulus discussion in washington and kate rogers has the details on a scandal involving former mcdonalds ceo steve east easterbrook. Mike, start us off with the Broader Market and the gap were seeing. This is a good illustration of how a broadening out of the market be
Can come out between democrats and republicans as we head towards the election. Later in the hour, well speak exclusively to capital , cornerstone sow and founder of the wall street view of the elections. Street views a biden presidency in light of Corporate Tax hikes. To discuss the home sales and the underlying dallas, data is sow. Ation largest single landlord out there. Dallas, you have existing home better. You have a record high. Better. New home sales all of that data coming in stronger. D. C. Ng can that pass if cant pass under stimulus . Dallas it feels like we are in good area for housing. Longtime ates being a low. A buyer thats proved resilient summer. The ts lending itself to an outperformance. Were seeing at invitation is up over ccupancy a hundred basis points. T generally feels really, really healthy. Alix whats the supply outlook see . You dallas if you talk to most people within markets at a seems like el, it stliez are constrained. We are seeing two to four months of