Country out of its worst economic slump in decades. The deadline draws near for tiktok to divest it u. S. Assets, reports a shutdown of its priced app for sale. We have breaking news. Oftbank will be selling this as bloomberg learned softbank was trying to strike this deal that could be valuing it at 40 billion. Arm, weis deal to sell could have seen softbank reviving those stocks about taking the group privates. We are hearing that softbank divisionelling its arm to nvidia. This would be a 40 billion deal, the biggest chip deal to date. The transaction value is up to 40 billion. Nvidia could be paying more than 21 billion in stock and 12 billion in cash. This would be a 2 billion payment as signing. This coming at a time as we continue to see softbank divest its assets. Softbank could be receiving an additional 5 billion of cache if the performance meets certain targets. This also depends on what regulatory scrutiny they go through. This could be the largest ever in the semiconductor
Not enough time. Announcer we believe this discussion and go live to President Trump. He is giving a speech in minnesota on the economy. Minnesota, but our great republican candidates for michelle . Wheres [cheering] i hear some any things about you. I have heard some great things you are going to do it. We are going to be out there working with you. Tyler . [applause] tyler, good luck, tyler. This is a great group. A man whose name i love lacey johnson. [cheering] great job. I have been following you, lacey. You are doing good. Thank you very much. Warriors, all of them. We have to get them in because we have to stop this craziness going on. Enforcement, they will lose the country. Somebody said the other day, and i sat strongly, sir, you are the only one between that and the american dream. We do not keep this position, we are going to win the house. I am very much involved in every single race. With the senate we are working hard. I think we will be in great shape in the senate. Did
The nasdaq on track for a 5th week worth of gains here and the dow is erasing its losses for all the year at its highest level since late february, its also having its bests august since 1984. We turn to the Investment Committee for this we have just been seeing green, green, green for it seems like weeks, if not nonts months at this point it is surprising the markets have marched higher the way they have over the last several months since the pandemic lows its not all surprising all the factors were looking at from the fiscal side, the monetary side and the virus side are lining up in support of equity just think about what happened with chair powell yesterday and the historic announcement he made about departure from the prior inflation targeting regimes to this averaging inflation concept. What does that mean . That means rate will be low, low, low for the foreseeable future we think thats two years from now. That is very support ifr five f valuations then you have this fiscal stimu
Announcer President Trump innesota, a state he won 2016. He talks about recent protests in the state, the coronavirus response, and negotiations with Congressional Democrats about additional trade. And dyingin the air for thisen waiting moment all my life, oh lord coming in the air and dying oh lord i have been waiting for this moment all my life oh lord ladies and gentlemen, the 45th president of the United States, donald j. Trump. And im proud to be an american where at least i know i am free and i will not forget the men who died who gave that right to me and i will gladly stand up, to you, and remember still but there aint no doubt i love this land from the lakessa of minnesota to the hills of tennessee across the plains from sea to shining sea from detroit down to houston wherew york to l. A. , there is pride in every american heart, and it is time we stand and say that im proud to be an american where at least i know im free and i wont forget the men who died who gave that right
Of us that this transmission can be substantially mitigated by wearing face coverings, by wearing face masks. This slide we present is pretty selfevidence. I think the evidence is overwhelming. We see it in other countries as it relates to the importance and potency of wearing face coverings to mitigate the spread of this disease. A recommendation is now the cdc clarifying that point of view, and clearly now an increasing number of people that are i taking personal responsibility to protect themselves and protect others and i want to thank all of you for practicing the kind of behavior that will allow us to move past this pandemic sooner than we otherwise would. Going outdoors and taking activities, specifically, that have been indoors and now moving them outdoors. Obviously, also, to the extent air flow is a big part of that can mitigate the spread of the virus as well. That is why we talk often not just about masks, but the importance of moving indoor activities outdoors. Accordingly