Party went after a democrat senator or Democrat Supporters like this . What would the media say . All this happening after 30 people now dead since may due to the unrest. Businesses and entire urban centers destroyed. Even as top police union chief in new york city now says the democrat mayor bill de blasio, youve got to step down by sun down tonight because youve failed this country. Harmeet dhillon on that. Plus, 2016 republican president ial candidate bobby jindal with us on the parents of Kayla Mueller, murdered by isis. Speaking out last night at the Gop Convention. Their harrowing story that they begged president obama and his administration for help, but they refused to talk to them and only did so after isis leader albaghdadi had kayla murdered. And joe concha on the breakdown in the media after months of chaos, the media finally waking up as riots hit the 2020 race. This debate, is the silence from democrats for months and silence if media for months on en, did that giving inc
Screen completely different from yesterday and will call it a modest rebound but it was the big tech stocks that fueled the selloff in today though stocks also seen a modest rebound, certainly not recovering the losses theyve seen over the last three days but nevertheless they are back in the green. Take a look at tesla, that stock has lost around one third of its value in just one week. But look at it go today up nearly 7 and by the way well talk to the former Vice President of tesla coming up in this hour. Also tesla rival nikola solid spike after announcing the partnership with gm and come up will talk to the company ceo about the electric Vehicle Market in the fierce and growing competition. Meanwhile talking about competition in the race for the white house joe biden traveling to battleground states michigan to tout his new made in america plan, this ahead of the president s visit tomorrow and this morning by the way President Trump nominated for a Nobel Peace Prize by a member of
Thats the worst performance in two weeks. The dow has been down. Nasdaq have been down five out of six the tech selloff was worst it continued down 3 led lower by stocks like apple the same old story big volatility coming. Those are really the tail thats been wagging the dog for a while. Youll see the nasdaq is lower once again the other two averages hanging in there the s p on the flat line nasdaq down another 50 points. Fur watching what is happening over the last two months they closed. Dow at the lowest level since the third. The 10year sitting at 0. 66 the story that seems to never end, tiktok. Here we go the owner bytedance applying for an export license in china as it pushes for a deal in oracle and walmart. They did not mention the pending deal and technology it was seeking to support calling the deal dirty and unfair they have no reason to approve it all of this raising questions about that prospect and what that would ultimately look like. What happened earlier in the week we
But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th
Expectations. Meanwhile, the Unemployment Rate dropped below double digits for the First Time Since the shutdown, plunging to 8. 4 . Joining me now to discuss this and more, former jpmorgan chief economist anthony chan. Anthony, thank you so much for joining us. You know, the headline number might have been in line, but you get underneath and look at some of the details in this. This is a pretty impressive report, and lets start with the Unemployment Rate at 8. 4 . I think wall street was looking for 9. 8 . Charles, this is a great report from that perspective. I get very excited when i see Unemployment Rates go down. That really tells you that thats going to throw a real breath of fresh air for the American People as they see that were making Good Progress on the Unemployment Rate. I was especially excited about the fact that the black Unemployment Rate dropped sharply, and so did the hispanic Unemployment Rate, which is something that we badly need. The only thing that bothered me a