Lauren i know, it was a rough one. It is worst day since june. Take a look. There is the damage. The dow retreating from that 29,000 level. At one point it was down 1026 points. So i guess being down 810 is good news . The nasdaq and s p 500 also retreating from record closes. All 11 sectors in the red. Tech and consumer stocks hit the worst. The reason, look, guys, there is a lot. Uncertainty over timing of an effective vaccine. Profittaking ahead of a long holiday weekend. September really living up to its reputation as the worst month of the year historically. Let me show you what weighed the most on the Dow Jones Industrial average. Apple, sales force, microsoft. Along with amgen and home depot. Shaving some 400 points off the bluechip average. On nasdaq which snapped a fourday winning streak. Amd, nvidia, tesla, all of them are lockdown winners. Nvidia doubling this year. Tesla up almost 400 this year. After todays drop it is down 20 in the just the past three days. Were seeing mo
Or is Something Else to play. We will get into it but as i can see the major indexes down in the nasdaq up 3 . Following reports of the november surprise on a vaccine bio pharmacy ceo pledged to take the over speed when it comes to treatment. Tesla feeling a little dented this morning after getting snubbed by the s p 500 despite four straight quarters of profit the benchmark index says no thank you very much, we will discuss the implications of that. In Washington Congress returns as a stimulus stalemate continues, white house chief of staff mark meadows kelli Maria Bartiromo in the last hour he thinks the deal will get done and soon. We are 56 days away from the election for the battle of the swing state and definitely heating up. President trump touting a rebounding economy as a hits florida and North Carolina today and we will see him leave later this morning. The president is threatening to cut ties with china and issues of stock morning if joe biden wins. And how about this, the h
Shall observe. You will see the memorial event unfold throughout our program today. The stock market trading begins at 9 30 a. M. And were at a modest gain after yesterdays late and very big selloff, the dow is probably going to be up 90 in the modest gain for the s p of 37 on the nasdaq. That is at the open. We have no idea how the market closes today. Look at this, peloton, the stock of the day if not the week terrific Earnings Report, huge increase in sales and a rosy projection for the future. Watch that stock go. Peloton is up 9 at 97. I have three quick headlines for politics and money. Microsoft says russian chinese and iranian hackers are targeting the 2020 election. No impact on the stock of course but this is a clear warning. Joe biden is embroiled in a teleprompter dispute. Does he use one to help them answer questions. Surely that is out of balance but articulate president ial candidate. In the nfl is back completely protest into and thumbs you will see it all. September 11
This weekend, but again, these are fast moving pieces. Were looking at uber and lyft that might be exiting california because of some new requirements that they treat their freelance workers like employees. That could be a costly issue for them, so much so even though it accounts for about 60 of their combined business, the state of california alone they would still leave rather than put up with that. In new york city, forget about the virus, forget about eventually opening up gyms next week, the fact of the matter is, new york city is a safety concern right now with residents in once red hot real estate markets saying enough. It has gotten so bad theyre bolting. The visitors upon hearing this, theyre just not coming. So were following that. Right now were also following the drama in washington as at least the house considers coming back to deal with this postal issue. Chad pergram on that. What are we talking about here, chad . Reporter the house of representatives is going to meet on
Postpandemic academy dominated by americas big tech companies. This friday morning, stocks are going up somewhere, can you believe that, we dont know how were going to close the session but the opening bell the dow will be up another triple digit, over 100 points, s p coming up a series of records of another nine this morning and the nasdaq made 39 records and moving higher again as of right now. That is the market, that is financial history, cue the fireworks, spectacular way to close out the republican convention, they lit up the sky over the white house after President Trump accepted the nomination for second term. It was a long speech, 70 minutes, the president made his pitch, vote for me and ill keep the streets safe and restore prosperity. Joe biden would ruin the country. You will hear it all, and then there is this, senator rand paul and his wife leaving the white house after the speech into an angry mob of demonstrators. That was intimidation that bordered the very close to re