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
Now, maybe a 50yearold is, mike i dont know. Lemonis bull[bleep] if i cant figure out whats fueling this mass exodus. But i dont think 15yearolds can pay that much. And what do you pay in rent . When they quit, theyre basically saying, youre fired. Mike 3,250 a month. Lemonis oh. Kota longboards will come up short. Thats not bad. Mike no. Not bad. My name is marcus lemonis, lemonis this whole factory is yours . And i risk my own money to save struggling businesses. Mike no. We share this with the Furniture Company over here. Lemonis okay. Were not gonna wake up every morning mike its owned by our landlord. Lemonis how much space do you actually have . Wondering if we have a job. Mike we have 3,000 square feet. Were gonna wake up every morning weve been out looking at properties. Wondering how many jobs we have to do. They said, were not gonna extend your lease. Its not always pretty. Lemonis when is the lease up . Mike march. Everythings gonna change. Everything. Lemonis so, you dont h
Vaccine boosted the antibodies in patients fighting the virus well have more on that new development. And as new cases hit a record high here, Tillman Fertitta says this is a mess for business and employees he will join us later this hour. Power lunch starts right now thank you, tyler, as we await the minutes, lets get todto dom chu. It could be the same. With quarters like we just saw, typically the momentum however, tyler mentioned the trading today very mixed the dow is up just 206 points, the s p 500 up about 23, so we are seeing a bit of a move off those session highs right now. Still, though, for the time being, green on the screen namely the s p 500 and however it sits away from the record high we saul earlier this year, remember, from that level to where we are now, were still about 8 below record highs. Well see if they can break out above or below this range. Two stocks to keep an eye on fedex stock after the great Earnings Report that they had. You can see here up about 12 o
Take something off the table makes sense which is how you got to todays selloff with the dow dumb bli t tumbling and nasdaq tumbling the bear camp cant exist at the sametime there cannot be coexistence with the huge covid outbreak in the sun belt spiraling out of control, bear is in charge so why dont we do this . Let suspend judgment and not use terms about good or bad and take the approach of the fact spin. Awaken america trade has taken a turn for the worse some people expected that. I didnt its a disturbing spike in covid cases across alabama, north carolina, South Carolina and texas. The infection level so high the governors of new jersey, new york and connecticut have taken an unusual action and slapped a 14day quarantine on travelers from these hot spots thats amazing they have more than 35,000 new cases today which is about where these numbers peaked in april. Not good its plain bad news for everything that depends on the economy reopening which is a lot of things. The america
Joining us. Tonight the pause before the big holiday break this weekend. More than 40 of the country either stopping or reversing their plans to reopen. The Meat Industry also trying to bounce back with farmers some of the hardest hit, now bracing for a possible second wave of covid19. Heres my nightline coanchor, juju chang. Reporter raising pigs is a Family Tradition for randy jay wurtsma. Hog farming is built on flow of lots of numbers, tight margins. Reporter for three generations, this 2500acre farm in rushmore, minnesota has kept food on the table for his own family and thousands of others across the country. Of course were in business to make a profit, make money and make a living, but we an essential cog in feeding the world. Many farms like mine. This is where pork comes from. Without us, there wouldnt be any. Reporter wurtsma is contracted to sell his pigs, 24,000 a year, to one of the biggest pork processing companies, until it was interrupted two months ago. More meat packi