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
California reported 96 deaths yesterday. That is a significant drop from the previous two days. 9000 people have died statewide since march. Overall, the numbers are moving in a better direction. There were 8000 new infections reported for a total of 493,000. Hospitalizations are down nearly 2 . Now to capitol hill where the House Committee did hear from three of the nations leading health experts. As a Lauren Blanchard reports, the committee wanted answers on the countrys response to the pandemic. We do hope as a time, we get into the late fall and early winter, we will have a vaccine that we can say would be safe and effective. Reporter doctors tell the House Committee positive news about a possible covid19 vaccine. Still, lawmakers had questions. Wire all of the other countries defeating the disease and we are not . There was such a diversity of response in this country from different states. We really did not have a unified response. Reporter 4. 5 million americans tested positive
Where is he . What are you doing in the back . For anyone who has not heard of john milton hooper, shame on you. He wrote an awardwinning biography of Woodrow Wilson, and he has been enormously hopeful to us over the years, appearing many times, but also helping us unpack some of the difficult issues around Woodrow Wilson. The subject of todays conversation. So, in 1978, when the Wilson Center was 10 years old, we were charged by congress with creating a Hubert Humphrey fellowship in social and political thought. Good idea. The idea was that a quote, distinguished scholar, statesman, or cultural figure would deliver a lecture honoring humphreys legacy, which makes sense since he was a founding father of this place, as well as Vice President , senator, and dedicated public servant. And at times like this, when the mood in washington is so grim, he was always optimistic. Something i remember and cherish. Its taken us a few years, but we are very proud today to host the Hubert H Humphrey
Ceo of the Wilson Center. I am a recovering politician, which is not a 12 step program, but i am absolutely delighted at the Wilson Center is hosting this event. I am looking for john milton hooper. Where is he . What are you doing in the back . For anyone who has not heard of john milton hooper, shame on you. He wrote an awardwinning biography of Woodrow Wilson, and he has been enormously hopeful to us over the years, appearing many times, but also helping us unpack some of the difficult issues around Woodrow Wilson. The subject of todays conversation. 1978, when the Wilson Center was 10 years old, we were charged by congress with creating a Hubert Humphrey fellowship in social and political thought. Good idea. The idea was that a quote, distinguished scholar, statesman, or cultural figure would deliver a lecture honoring humphreys legacy, which makes sense since he was a founding father of this place, as well as Vice President , senator, and dedicated public servant. And at times lik
Moves. Im connell mcshane. Deirdre im Deirdre Bolton in for Melissa Francis this is after the bell. S p 500, nasdaq closing down each more than 3 . Any minute as well, President Trump set to leave the white house. He is headed to scranton, pennsylvania. Well bring you any headlines from the president. If he stops to speak to reporters on the south lawn. Meantime fox Business Team coverage. Blake burman at the white house, Kristina Partsinevelos on the floor of the New York Stock Exchange and phil flynn watching oil from the cme. Kristina, if it is not plus 500 or minus 500 were almost confused at this point. Kristina right. You know what i want to end at bright spot off the session lows we saw the markets drop 1100 points lower, so yea to that. The dow closing like you mentioned, negative 92. Weve come so far over the past two weeks and talking about these record highs. Volatility though, according to the traders are here to stay. Were seeing massive swings. Were talk about some dow lo