Virus pandemic, heightened security concerns in the Nations Capital as well. Over the course of 70 minutes President Trump winter is unprecedented and historic accomplishments of his historic first term in office. President trump reminded voters as well that there is much, much more to be done, more battles for him to fight and to win for the American People. Together we have ended the rule of the failed Political Class and they are desperate to get their power back by any means necessary. You have seen that. They are angry at me because instead of putting them first i very simply said america first. So tonight i say to all americans, this is the most important election in the history of our country. There has never been such a difference between two parties are to individuals in ideology, philosophy or vision then there is right now. Our opponents believe america is a depraved nation. We want our sons and daughters to know the truth, america is the greatest and the most exceptional na
Second term. The president also receiving , the companytok suing the federal government. Lets talk about how the markets are digesting this. Abigail doolittle running us. Joining us. Apple has been one of the companies driving the rally and apple just notified some employees that they plan to reopen a number of retail scores by the end of august. Walk us through the day. Again, recognize. Hopes about a fast tracking of the vaccine and treatment. Abigail lots of optimism. The s p 500 up for a third day. While it is nice to think that it has some of the do with the fast tracking of the vaccine and plasma therapy, it is interesting that the only major nasdaqo close down, the biotech index. The nasdaq 100, the new york faang index. Course if youof own that stock into the close today, you are eligible for the 41 split which will take place next monday. That does not create any value but it seems that it is somehow more attractive. Certainly attractive, the fact that they plan to reopen some
The citys Minor League Baseball team. Well have more on the location later in the hour. The big story on the city, President Trump was also here in charlotte addressing the Republican National convention after officially securing the delegate meeting to be formally nominated for a second term. President trump i want to thank the people of North Carolina, to be honest with you, i felt an obligation to be here. You have a governor in a total shutdown mood. I guarranty on november 4th. It will all open up. You know these democrats governors they love shutdown until after the election is over because they want to make sure numbers look as bad as possible. Reporter president moved on from the Convention Center to other parts of North Carolina. This hour he is headed to South Carolina before flying back to washington where there will be more Convention Action this evening. This state might very well be a mustwin for mr. Trump if he wants to serve 4 00 more years at the white house. Last time
Nations cities through this summer, but away from the convention Something Interesting seemed to be happening with democrats. Their leaders for months haved stood by and defended the socalled peaceful protests and said hardly a word about the violence at their own convention suddenly changed tack. For example, the governor of oregon issued a strong e ea buick. Let me be clear, its time for the violence and vandalism to end, focus on the important work to be done to achieve real change for racial justice. Those who have committed acts of violence will be held accountable. Meanwhile, in the district of columbia with, the mayor issued a statement condemning a group of black lives matter activists who harassed and verbally assaulted diners. What i saw in those videos, she said, was highly inappropriate. I dont think it had anything to do with demands for social justice whats going on . For months, these leaders have happily cofived, and now connived, and now something is different in the m
A weaker u. S. Dollar as well. 105. 38 to the japanese yen. Gold back about 2000. 003. 35 an ounce right now. Walmart benefiting from online orders but store traffic was hampered by the coronavirus. The companies cfo said comp sales growth slowed last month as the government relief waned. Lets bring in Morgan Stanleys Simeon Gutman. How did the Company Managed to get margins around 42 . Comp. they had a 9 rising tides lifts all boats, but they had gross margin in the u. S. Swing from down to 200 basis points to up this quarter. The primary driver is the mix of food and consumables, which tends to be lower margin, was mother in percentage, and a big shift toward general merchandise. A nice swing in gross profit to hire to cover those higher costs of operating, but the results were better sales and gross margins, allowed them to generate that growth. Vonnie walmart was only really getting going in the last couple of quarters. Did the digital improvements help out this quarter . What does