President. The man introducing biden tonight senator chris coons is live. President trump steering people away from goodyear tires after Company Tells employees say they cannot wear may gear that says make America Great again. Apple First Company to be worth 2 trillion. We take a look at run and how much further it can go with the stock split just around the corner. Markets this morning under pressure, take a look at future at start of trading, dow futures now down 111 points, nasdaq futures 22 and s p lower by 2 and a quarter. Markets retreated as well after warning plenty uncertainty due to coronavirus pandemic saying the government needs to provide Additional Support. Another night of violence in portland to report, police declaring a riot as government building is attacked once again. Coming up at 7 30 a. M. Eastern new york city former mayor giuliani is here to make the streets of americas big cities safe again. The impact of Joe Bidenkamala harris can have an justice in america.
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Happened. The bears breathe a sigh of relief. But is it all over as soon as it started . The cash trade is just an hour away so lets see if this has legs. Here are your top headlines. With thes a big blow nasdaq down almost 5 . The s p severs it steepest drop since june. And suffers its deepest drop since june. Bill ackman tells market jitters the National Bank to challenge santander. So, a lot going on today, as well as german factory orders. They are now out. Ofth over month, the gain 2. 8 not nearly as much as a survey, which was 5 . Over the prior number, which was 27. 9 . Yearoveryear, its a drop of 7. 3 , which is worse than the survey drop of 6. 0 . And a slight improvement from 11. 3 on the prior numbers. So during factory orders german factory orders not shining light on this. Just under an hour away from the start of cash equity trading. Futures are down in europe. And remember, yesterday we were looking at gains on the dax of more than 1 . Then we closed losses of more than
Weaker byh pound is 9 10 of 1 . Picture withig tina fordham, avonhurst partner and head of Global Political strategies. She joins us from london. States we are 57 days away from the election and still no stimulus insight, even though the senate is back. It does not look like the president and democrats are ao any page that would be considered similao similar. Where do we go from here . Tina i think another round of stimulus should be a foregone conclusion. This haggling we are seeing, Congress Just back from recess, is what you would expect to see. Each side wants to see they are driving a hard bargain. Look at the language used by the two different sides. Republicans say the president wants nothing more then to write checks for american families. Democrats say the stimulus is not just skinny, it is emaciated. But we are going to get there because we have to. Ands a political imperative not just an election year, but with an election coming days nobody wants to pull the plug. Vonnie it
Probably because my battery is dead, but assuming that our viewers can hear you, david, where are you coming to us from . Florida. We are in the Sunshine State of florida. All right. Well, thats great, so youre in florida. I want to ask you about this contest youve launched. You have a web site and a video. Tell us about the idea behind this Treasure Hunt. Heres how it got started. I was in philadelphia, pennsylvania, 1977. I was on the mike douglas show and that week, mikes cohost was anthony newly, the composer of the song candy man, and as i was running down the aisle, throwing jelly bellies to the audience and packages, the thought occurred to me right at that moment, some day, i want to have a contest where i give one of my candy factories away to a perfect stranger, willy wonka style. I apologize if viewers heard your answer, but im still working on my battery pack and ear piece. I do want to ask you though, if you havent yet, why did you decide to do this . Why did i decide to d