Maybe call it the ultimate catchup trade. If you missed the markets record rebound, fear not because we have three stocks that could be primed to pop later, tiktok you dont stop giving us news, that is. Theres a strange new suitor for the red hot social media app that our traders have our own take of who should put a ring on it so much to get through in the next hour, but let us begin at the beginning a brand new record close for the s p 500. This is by far the fastest bear market exit in history it has been just over 100 days since the benchmark index plunged with lows of the year. Need i remind you of the pandemic panic of march. Were up 55 since then. Its close today by the ever so slimmest of margins putting an official end to the bear market. Guy, the market acting like the pandemic induced lockdown and mass job losses simply never happened is this all, thank you, mr. Federal reserve . Of course it is y the Balance Sheet in february was 4 trillion, now howevering on the side of 7
Looking to open off 37 points. The 10year note stands at a point. We are looking at. 672 melissa lee in the house that was a major move we are back up towards those highs right now. We saw lots of ramifications in the market looking at how quickly it moves higher. Im trying to watch whatever information i have is about 12 seconds old we are all in a house somewhere. Just not together. It is good to see you although i cant see you now. Im looking at the board from 15 seconds ago. We are going to power through this well up an update on why we are all doing this new case numbers have been declining across the country but testing shortages are calling those numbers into request the average number of covid cases down 19 from july 28 but testing has declined over the same time period amc to reopen u. S. Theaters august 20 and hopes to have twothirds of theaters open. Says all staff and customers must wear masks. That is the change from comments in june that mask wearing would be encouraged b
Be wearing a mask. The race for the white house heating up as the candidates battle over covid. Joe biden calling on every governor to impose a mask mandate immediately. President trump firing back, calling it an overreach. This as he admits to want to block funding for the post office to prevent expanded mailin voting during the pandemic. And the president also advancing a birther lie about senator Kamala Harris. The latest on the war of words in the race for 2020. Wildfires raging in the west. Three new infernos scorching more than 14,000 acres. Hundreds of families forced from their homes. Bison attack. A motorcycle passenger charged by a giant animal at a state park. What ultimately saved her . Epic fight over fortnite. The billion dollar battle over one of the most popular games in the world. Now removed from apple and googles app stores. Shark tale. The surfer who fought a 16foot great white telling his remarkable story this morning. How he used his bare hands and surfboard to sa
Nice trifecta reports for snap, United Airlines and Texas Instruments. Jew julia, take it away. With snap meeting expectations on earnings and beating expectations on revenue, while subscriber numbers came in half a million lighter than expected, what is is putting pressure on the stock, you see its down over 6 , is guidance that snap is planning for t addition of 46 million daily active users the company also saying its combined cost of revenue and operating costs will grow at percentage rates in the low to mid 20s year over year compared to last year the company says these increasing costs are because its investing in longterm growth snap did not give any revenue guidance but said from july 1st through july 19th snap has seen 32 Revenue Growth theyre cautiously optimistic that these trends could sustain over time but theyre cautious that trends are volatile and could deteriorate. Ev evan spiegel saying Certain Industries have benefitted from some of the covidrelated circumstances. Sn
Notes, you can purchase. Tonights books by clicking on the green button below the speakers and we encourage everyone to do that to support our authors and also politics and prose. Tonight were going to encourage you to ask questions which many have. The back portion of our event will be dedicated to your questions as you click on the ask a question with the bond you can see where people have asked questions and you can vote most interested in hearingour authors answer. Lastly just a reminder that you can see us but we cannot see you so feel free to relax and get comfortable. So without further ado, it is my honor to welcome Stephanie Kelton, professor of economics and Public Policy at new york at stony brook. Shes here to discuss her new book the deficit myth. Tonight we are also luckyto be joined by Zachary Carter who is Senior Reporter at the Huffington Post andcovers congress, the white house and Economic Policy. Tonight he will be discussing his book the price of peace. Without any