[cheers and applause] vice pres. Pence well, hello, charlotte. It is a joy to be with you at the 2020 Republican National convention here in north carolina. [cheers and applause] and i want to thank you all for that warm welcome, but i also want to think a great friend of mind, who was a great leader in the state of wisconsin and is one of the great conservative voices in our party today. Thanking join me in Governor Scott walker for those wonderful and gracious words . [applause] it is deeply humbling for me to come to you on a day like today. I heard there was a unanimous vote little bit earlier. [cheers and applause] and i will have more to say about that at fort mchenry on wednesday night. But let me just say, a moment like this, in my life, i just cant help but think of those who am i, and who is my family that you have brought us this far . I want to thank you for the honor of this day. [cheers and applause] but i heard you were all down here in charlotte, doing some business. It
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
Out what the Federal Reserve is going to do to rev up the economy. Big speech coming from chairman powell. Odds are hes going to talk about inflation. He wants more of it. If thats correct, hell be printing a lot of money. Literally seven minutes from now make that nine or ten minutes from now, we will be allowed to give you the official word. And, by the way, thats what the markets waiting for. The dow jones average is coming off the dow is going to be down about 22 points, roughly that way. Lets see what happens when we get the feds announcement. The s p, thats coming off its 18th alltime high. Down a couple of points at the moment. The nasdaq is coming off its 38th alltime high. We did receive news of just over one million new jobless benefit claims last week, no noticeable impact on the market on that. That market, the investors, theyre really waiting for the fed. Five big tech stocks, theyre coming off record highs. Here they are this morning, premarket. Apple is up some more, but
We had a very, very strong economy, and then we were hit with the virus that knocked everything. He reacted quickly. He closed the border from china. Then he closed the border of those coming in from europe. And he went right to work setting up the task force to study the virus. This virus was perplexing. No one knew what to do at first. We did close the country. We shut things down because we tried to get a handle on it and didnt want to overwhelm our medical systems. And once we got that under control and started to change the curve on the virus, the president realized and he knew that the economy would be killed if we didnt start to reopen. So he worked the scientists to get regulations or suggestions to the governors on both sides of the aisle on how to open up and get the economy back on track. You are seeing that working. With the past three months we have created almost 9 million jobs. We came out of a great recession. By comparison, it took four years to create 9 million jobs i
Announcer ladies and gentlemen, please take your seats. The event will begin momentarily. Announcer ladies and gentlemen, please give a warm welcome to the chairwoman of the Republican National committee. Hello this convention will come to order [cheers and applause] 2020ates, welcome to the Republican National convention. Offering todays invitation, invocation, please welcome from vermont, j sheppard. Thank you, ronna. My name is jay and i am a republican. I am also a catholic donald trump republican. By the grace of god, i am an american. So let us pray. Thank you, o lord, for all the gifts you provide us, not because we deserve them, but solely through your grace and mercy, let us acknowledge the many gifts that god has bestowed upon us, starting with a president and Vice President that reflect the values of our founding fathers. And are willing to fight for those values, starting with life, knowing that all life is precious, from conception to natural death. There is no choice to f