China virus pandemic, heightened security concerns in the Nations Capital as well. And over the course of 70 minutes, President Trump went through his 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 are, and they are desperate to get their power back by any means necessary. Youve seen that. They are angry at me because instead of putting them first, i very simply said america first. [cheers and applause] 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 or two individuals in ideology, philosophy or vision than there is right now. Our opponents believe that america is a depraved nation. We want our sons and daughters to know the truth, ame
Comparison to the United States. I think comparisons across europe may be a little more challenging to make and put in a positive light. That has certainly been the focus and the delay to locking down the country certainly was an area of real criticism for the government. I suppose this morning, we are also focused on what is going on near to you in terms of hurricane laura building across the atlantic and a ready to make landfall. We are watching louisiana, watching texas. We get this red headline across the bloomberg from the Hurricane Center saying laura is seen rapidly strengthening to category four hurricane. This is new information this morning. That is a big number. Hurricane 4 is much bigger than a hurricane 2. 4 is getting very, very serious. This is the acceleration north , west the gulf of mexico of new orleans as well. In new york city, always quite good with our first word news. On the second night of the Republican National convention, speakers tried to humanize President
Home depot and lowes reported surging sales at consumers as consumers pour money into Home Improvement. How long can that last in and investors yanked in Different Directions as the biotechs working on covid19 vaccines report both good and very bad news. My colleagueses, ben levisohn is, carlton english and jack howe. Guys, its great to be back from vacation. Did you miss me . Absolutely. [laughter] this much. Jack more than that. Come on, jack, i caught fish bigger than that. There we go. So, ben, good news while i was gone, i guess, the s p hit new records, nasdaq hit new records. But oddly, more stocks went down than went up. How does that work . Well, really this is apples stock market. It went up up 8. 2 this week and was responsible for 60 of the s p 500s 0. 7 gain. Its doing all the heavy lifting here, and its now a 2 trillion market cap stock that makes up for the fact that on a day like today just over 200 stocks were positive, almost 30 were down 300 were down on the day. Its
Democratic candidate for President Joe Biden will make the speech intentionally of his lifetime. The day started down pete with a rise in jobless claims. Yesterday, we saw a surprise bearish reversal. Today, a surprise bullish reversal, all leading into joe bidens speech. Morning,earlier in the we had stocks down a little bit as the initial jobless claims came back in above a million. But we had a turnaround. Thanasdaq closing up more 1 , so perhaps some folks hoping that those unfortunate job numbers could force congress to approve a stimulus package sooner rather than later. Nasdaq up 1. 4 . , the newa cap index York Stock Exchange faang index, up about 2 . Facebook,habet, amazon climbing higher. The stayathome trade back in the lead. Russell down half a percent. Interesting way for the gains to happen. Perhaps not the healthiest. Financials, industrials. All about tech. You were mentioning the dnc tonight. Joe biden making potentially what will pd speech of his lifetime. Going into
49 cents today, 3346. You gotta see tesla, jeffries is alien that stock could go to 2500 a share, maybe 3000, its up 23 bucks premarket. As we keep saying, you are watching history. The open today, the dow is going to be down about 20 odd points, then we have the s p, its hit 17 new highs this year, itll be up again this morning, the nasdaq has hit 38 highs and up again first thing this morning. Blockbuster economic news, google good orders come up 11 . That is money, now politics. An audacious second night at the Republican Convention, the president parted a bank robber, then he surprised five immigrants making them instant citizens right there in the oval office. Mike pompeo appeared from jerusalem and niclas salmon said you cannot cancel me. But it was First Lady Melania Trump who stole the show at least for me. She walked down the white house and delivered a speech about growing up economy and is him and yearning to complement america. An immigrant who likes it here. I promise, you