Away from the alltime record high, there you have it the worlds most valuable company, apple the stock is up again, the worlds most innovative dynamic seller, amazon the stock is up again. The market, that is digested a lot of Bank Earnings already, goldman did very well in the dow is looking at 80point gain and look at the nasdaq up about 26, 27point again, i see a lot of green this wednesday morning. Heres the headline dueling townhouse tomorrow night instead of a second debate, mr. Trump working with nbc, joe biden working with abc, obvious question why not reinstate the debate, the Electoral Commission really blew it by insisting on virtual. Did you see Speaker Pelosi getting rattled on cnn, in primetime will blitzer asked her what was wrong with the president 1. 8 trillion stimulus plan, why not pick up the phone, call the president and make a deal. She became very flustered and accused blitzer and his colleagues of being an apologist for republicans. Have you ever watched online
Well before the election so please stay tuned for a further announcement. Wed like to extend a special welcome to the diplomatic corps as well as the 2020 class on the Economic Club of new york fellows and students joining from the club and business schools. Now it is our honor and a privilege to introduce the 45th president of the United States, donald trump. A graduate of the university of pennsylvanias school of finance and followed his fathers footsteps and the role of Real Estate Development egging his mark in new york on the way to develop a will a worldwide brand. He won the presidency in 2016 and first ever run for any political office. Over the last four years, his economic agenda included personal income and tax cuts, reduction of regulatory politics, replacing nafta with the Canada Agreement and negotiating comprehensive trade reform with trading partners notably china. Prior to the pandemic, the administration of the economy grew steadily. Unemployment was the lowest in 50
Morning. And the nasdaq is down by 182 points a lot of this is whats happening in europe right now. You dont just look at the oversees market but were going to take our queues from what is happening there. You can see the ftse down by 3. 4 and the other markets are down by more and a lot of this is coming in the last few hours. They could be considering a second lock down as covid cases there have soared theyre back to the levels in may. Theyre concerned about whats happening with the number of cases and the hospitalizations admissions doubling every 8 days theyre now looking at 6,000 cases a day and again theres been some talk of a potential second lock down there now they want to make sure that schools can stay open and that some businesses could stay open but just the threat of that, the potential for the second wave coming is enough to push all of the stocks in europe into the red. If you take a look at whats been happening with travel and leisure stocks they were down by 6 earlier
Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk
All that and so much more on making money. Charles it is another late summer session for the stock market. To the untrained eye looks a little indifferent, right . Perhaps an owed to the final lazy idyllic days of summer, you know what . By the way, before we have hectic fall but there is something going on. There are a lot of narratives. In fact history is being written and rewritten every day in these markets. The resolve in the face of the coronavirus. Uncertainty, resistance really for the Global Economy still partially locked down. It is amazing because the older stocks dale hi improving fundamentals but new crop of hot stocks, new hot stocks, in plain sight too good to be true which brings me to the stock of the day. Zoom, i think you heard of it, right . What could arguably be argued one of the best quarters in the history of business. The videoconferencing call Company Posted results that just annihilated wall street estimates. Revenue up 355 . Operating margin 42 from 14. Free