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
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
So you only pay for what you need. Thats whats happening. We should also tell you about its a different kind of Wireless Network hong kong, which is also affecting the trade fight. Designed to save you money. Save up to 400 a year on your wireless bill. Saturday, widespread violence, police used a new weapon, blue plus get 250 back when you buy a new samsung note. Dye, to identify protesters click, call or visit a store today. Along with tear gas from the riot police and burning barricades from the demonstrators. Ominously, chinas state media today says the end is coming. We dont know how beijing will end it but that is ominous indeed. Then theres dorian. Devastating the bahamas, hovering, barely moving and its future track uncertain. That makes it very tough for the authorities trying to get a handle on evacuations. Bottom line, dorian will be a threat for much of this week. We are going to show you how and where its now hitting florida. Varney company is about to begin. Stuart let me