White house in the east room. With 400 of his closest friends. Thanks to mary a parker. Emily wilkins is covering the biden campaign. Emily the Vice President began his day in delaware. He visited the grave of his son beau biden. He said his sons passing was part of the reason he decided to launch this third for president. He visited scranton pennsylvania and is now just leaving philadelphia. We are expecting him on the stage in wilmington, delaware. We do not know whether we will be able to have a president ial announcement at that point, but we are expecting joe biden to address the nation. David Emily Wilkins will be with us throughout the evening as well as she covers the Vice President s campaign. The markets have been watching the election closely. We turned to Abigail Doolittle for what they are telling us today. What are they saying. Abigail we have investors interested in stocks. A very big rally on our hands. The s p 500 up 2 , its best day since june. Investors wanting in. I
Sector trading higher and you also have the tech sector higher , both up more than 1 . You want to see those financials and Industrial Companies take the lead and that is exactly what is happening today. Another way of looking at that is the reopening trade is doing well, even as this years defense is holding its own. David the one thing that does not move at all our bonds. It seems like the fed has nailed those to the floor. Abigail it is amazing that we have had bonds trading in this range. It does feel that the fed they have even said they have nailed them to the floor until 2023 unless there is a risk off scenario that would cause a bid to bonds, which would mean yields would fall lower. You may see yields hang out in place. It is interesting, your point is proven today because you have the major averages up more than 1 , up for a third day in a row and yet bonds are basically flat. On a day like today you would want to see bonds selloff. That could also signal anxiety around the d
Negative territory down by. 2 . The dollar gaining strength and crude is all over the place. You wind up having opec leaders meeting and talking about maybe extending a deal through 2022. That comes from the Saudi Oil Minister. So the oil market is trying to digest that. The big news has been what is happened with apple. A 2 trillion market cap. We knew it was coming and now it is official. Isning me more is the but you are global on fx, apple, what do you do with that . Anne from a fundamental equity standpoint i cannot have any comments on all, that i would stay that say that this level of market cap is a success and that there Monetary Policy policy easing, the giant firehose of liquidity as well as actions by the European European Central Bank and bank of japan has bouyed the equity market and we are seeing a little bit of a rally and everything. We talked about that before the virus and it is interesting to see that we are back at that point and it reflects a tremendous amount of
Because we have a historic moment with the introduction and the nomination of Kamala Harris to the Vice President ial nominee, and we have a lot of big democratic stars who will be speaking, including nancy pelosi, hillary clinton, elizabeth warren, and barack obama. This will be an important night for the party to get an audience and introduce, harris. Introduce Kamala Harris. I am hoping we hear less attacks on the president and more about their governance strategy. David one thing we have not heard about is the issue of law and order. President trump will hit it hard. What is going on in some of our cities. We see it in new york, in chicago, in seattle. Kamala harris is in a particular position to address that, how we can police our streets and still not abuse some of the less fortunate. Jeanne this is what i have heard from moderates and more conservative friends who say this is a glaring absence so far in these last couple days. We know this is going on in the country around us, a
Indias highest court rules in favor of hindus in a long running dispute with muslims over religious sites will this end a controversy thats lost the decades old will of inflame tensions further this is inside school. Hello welcome to the program im hasnt it is one of the worlds most contentious property disputes a lightning rod for the divisions between hindus and muslims in india both play claim to a religious site in the city of iowa in the countrys biggest state with a pradesh dispute led to violence that killed 2000 people nearly 30 years ago hindus believe a diety was born at the site muslims say they have washed up there for centuries now indias highest court has ruled unanimously that the land should be given to hindus to build a temple with a Government Trust set up to manage it muslims will be provided with too hectic as elsewhere. To build a mosque or indias Prime Minister says this verdict shouldnt be seen as a win or loss for anybody so be it as. It were 5 plus one i today