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
This morning, the Washington Post reviewed the first day of the Republican National convention and looked ahead at day 2. We heard from the post writers. Lets get started with white garrin, ander anne dan it is a tuesday morning. Welcome to both of you. Thank you. Led to be here. Dan, to get your take on what we saw on night 1, was there any one particular thing that stood out to you . I would say there were a couple of things that stood out. This was not quite the optimistic Convention Many organizers had been advertising. There were speakers who tried to do that, but for the most part this was a night if attacks on Vice President biden and kamala harris. What struck me was that last week the democrats went after President Trump on basically character and temperament. Last night i thought the republican attacks were basically focused on ideology and policy of the democrats. The republicans were portrayed last week as subservient to President Trump, that the president is bound by no pa
Our opinion writer for the Washington Post. Welcome to first look, Washington Post live stop shop for news and analysis, all about this week, the Republican National convention. Lets get started with White House Reporter ann geron. In chief Political Correspondent dan. It is a tuesday morning. Welcome, both of you. Thank you. Glad to be here. Jonathan dan, to get your take on what we saw on night 1, was there any one particular thing that stood out to you . Dan i would say there were a couple of things that stood out. This was not quite the optimistic Convention Many organizers had been advertising. There were speakers who tried to do that, but for the most part this was a night if attacks on of attacks on Vice President biden and kamala harris. What struck me was that last week the democrats went after President Trump on basically character and temperament. Last night i thought the republican attacks were basically focused on ideology and policy of the democrats. The republicans were
Is july 15. Norquist joining us to talk about tax day this year. Delay. Ual what do you think the pandemic has done to the anticipated revenue of taxes . Down, ites have come down a lot of actiq a lot of activity. 20 million jobs lost. It is starting to come back strong. June,e, we just finished 4. 8 million net new jobs. Both of those are historic records. We have not had that much job creation before. The economy is very strong. It was shut down in many parts. As it opens up, it is returning to the more robust economy we had in january, february of this year and the last couple of years. Nothing has changed. The lower taxes they gave us growth are still there. The deregulation, which as of a year ago was saving 220 billion costs in terms of excess because of changes in regulations. That is an old number. It is a higher number now. What they are struggling with his governors, mayors, and the federal government at points have shut down. Tough to travel. People arent allowed to go to ba
Ah but have a look at tesla. It made a profit. Its opening a factory in texas. It hopes to sell a half million vehicles this year and the stock is up again this morning. Elon musk now leads, im going to say he leads the technology economy. The stocks up 64 bucks now. Microsoft down. Whys that . Im told its because their Cloud Business only grew 47 . First time the growth rates been below 50 . Well, sell that thing. The stocks down nearly four bucks. Theri cnhe tin in po rt landrtla oregonor a44th offf inriing. Th ayor or jtl jedostl bedy b b pst at th supporsupp the anarc ahinast anast anaaken ne inne t ihen theheneworkork ity i nows theshehe wororst pl ac businebuness retairsrsrsrsrs sarsy. Now, tnohaw,tw,w,s a is. Th e new cold war, china and andhe s. A a fitivs researcher linked to chinas military is reportedly holed up in the chinese consulate in San Francisco. The president s considering closing that consulate just like the one in houston. And now look whats lapping on happening o