Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
The start of a pull back . How do you know the difference between tech names . Well talk about it. As protests continue to rage into the United States, federal resources are pouring into overwhelmed local governments. What is the price for taxpayers . Well have later in the show. Erin per reason, the president is making law and order is making it a key part of his reelection campaign. All this on making morn any . Note. Making money. Cheryl market got out of the gate a little slowly. As you can see dow up 107. Nasdaq 19. S p is up by six. There are some hot spots in the market and some pretty exciting investment themes going along with the earnings parade and all the drama playing out on capitol hill as usual. In fact you have got two big Earnings Releases that will unscore changing taste how americans spend free time this is up after the bell. Were coming up on take two and netflix. Look at 2020 gains in particular for disney. Really for netflix, gain of much 191 gain over the last th
Coverage. Blake burman at the white house. Hillary vaughn in wilmington, delaware. Well start with blake, latest on stimulus negotiations picked up again but stuck in neutral, right . Reporter picked up again, jackie, going absolutely nowhere it seems. Top democrats here in washington, chuck schumer, nancy pelosi, they put out a statement in the last hour, that they spoke with the treasury secretary, top negotiator for the white house today, they say it was mnuchin that initiated the conversation. Afterwards pelosi took to twitter and said the following, democrats compromised. We repeatedly said were willing to come down a trillion if theyre willing to come up a trillion. Clear that the administration does not grasp the magnitude of the problems americans are facing. That is the democrat take. The response at the white house came from the communications director, elissa farah. Lets be clear, President Trump, not Speaker Pelosi who took action for hardworking americans and extended Unem
At 211 a share, now its 213 up again, those two Companies Amazon and microsoft have huge and growing cloud operations. That is a big part of their stock rally. Now look at tesla, 142, yesterday closing 1600 a share and this morning its up 11 bucks, 1654 but it is up again, are these tech stocks a bubble, is it like the dog, the late 90s, ive never seen anything like this before. Now look at the overall market, the Dow Jones Industrial going up again, maybe 150point of the opening bell, the s p of 21 points, two thirds of 1 . Look at the nasdaq, a half percentage point and more because a big tech again. The market is also getting help from the europeans who reached agreement on a near trillion dollar rescue plan that helps and they are still negotiating a plan for the United States as of right now. Bottom line, big tech in the market going up again today. A different story in our cities there is a confrontation going on on one side local largely democrat mayors on the other federal auth
Begin to run out. Republican leaders met with President Trump as the party tries to get on the same page. I think i know what the final package will look like. Well discuss later with mattie duppler, plus . I am a believer in masks. Masks are good. But i leave it up to the governors. Charles President Trump is open to wearing of masks in a wideranging Fox News Sunday interview and were live at the Trump Campaign headquarters with reaction. That and much more on making money. Charles so now all your indices look like theyre trying to turn positive right now as we begin the week. Increased anxiety no doubt about it, but also resumption of the growth trade taking the lead. We saw second concerted effort to get the socalled value names to rally. The result was actually fantastic. We saw strong performances in industrial names, material names. Moreover, those gains actually came at the expense of technology and Communications Services names. Although friday we saw that reversal begin to cha