And the u. S. Keep talking trade, we dont know when this thing ends or how much further it goes. Sit back and enjoy the ride, today is august 25, the dow of 378, yesterday up another 150th opening bell today, the s p record high close up some more this morning. The nasdaq looks like its going to be down a few points. Were going to show you apple, premarket trading worth 2. 15 trillion and there is speculation that there is iphone production to mexico, more of that in a moment. At the convention the republicans attacked the biden harris ticket as a looming disaster. Dynamic speeches from tim scott and nikki haley and the president as surprise appearance and a vocal audience preview will see it. Day two, melania speaks tonight, rand paul, eric and tiffany trump, you will see that too. I gotta say this, our heart goes out to louisiana, mississippi, texas and neighboring states. Marco faded but here comes laura. Landfall probably tomorrow, could be a cat two or three storm the people of ga
Starts. That means demand up for Mortgage Applications, supply going up in the future. That follows a remarkable improvement in the outlook for home builders. They are much more optimistic. The housing rebound would give the overall economy a real boost just when it really needs it. Now lets get to the market. Again, look at this. We are going up again, not much, going up at least at the opening bell. The rally continues. The dow up maybe 70. S p, maybe 10. Nasdaq, better gain, up nearly a half percentage point. Thats a 46point gain for the nasdaq. Okay. The fed is printing money. Theres a new stimulus plan in the works. Retail sales saw a huge increase, a positive News Development on virus treatment plus real estate and you add it all up, youve got a continuing stock market rally. Weve got a big show for you today. The president s reelection hangs on the economy which is coming back strong. So why is he trailing joe biden in the polls . We will address that. Social distancing is the b
For several hours, there are reports that the stimulus package now being prepared maybe the first of many, in other words, congressman Congress Rather and the administration will throw whatever they have at the virus problem. The fed is pumping a trillion dollars into the economy and that appears to be helping market sentiment. Green across the board there. All of them up limit, 5 up. Lets see how we open at the market this morning. Now, again, when we open this morning prices will be freed up so we can move up from the 5 gain and looking at etfs, here is anxiety indicater. Do you realize it was 1. 3 a few days ago . Gold this morning i believe is down a little bit more. Okay, we will find it. Look at the average price of gasoline. 2. 30. Ten cents lower than a week ago. Gas is falling really fast. I call that good news. The whole country maybe slowing down as we separate out but the virus news coming quick and fast. The wife of canadas Prime Minister Trudeau Sophie tested positive. Pr
President affectionate of his base and the other side who leads them socialist or a billionaire, wall street journal poll, the democrat race has tilted heavily to socialist, Bernie Sanders, hes got 27 support. The fading joe biden is essentially tied with newcomer Mike Bloomberg, the president s approval record hits new high for the poll, 47 tonight it really is mustsee splitscreen tv, all right, we will get to your money, of course, not quite as exciting as politics, chinas government says theres a slowing in rate of new infections for the second day, less than 2,000 new cases reported but beijing still has, you might call it credibility problem, 3 wall street journal reporters kicked out of the country objective voices gone. Anyway, the dow will be up about 80, s p up about 10 and nasdaq another nice gain, already at new high, up another half percentage point. Rally all across the board. Now, just wait till you see tesla stock, im showing it to you now, if you bet against it, you are
How about china trade . Thats a standoff. Lighthizer and mnuchin have been on the phone to their chinese counterparts. The chinese say we called them. President xi and President Trump will meet just within days. Back home, a standoff on money for the border crisis. The democrats cannot agree among themselves on new cash for detention facilities. Children are suffering. A vote on emergency aid which was supposed to take place today might not even make it to the floor of the house. Just wait until you see how gold and bitcoin are reacting to all of this. And wait until you hear about a massive 60 billion buyout in the pharma business. Lets get on with it. Varney company is about to begin. Stuart right. This is a whopping great big merger. Got to tell you about it. Abbvie says it will acquire allergan in a deal valued at 63 billion. Ash, what does allergan have that makes it worth this huge premium offer . Ashley nearly 16 billion a year in revenue from a lot of beauty products. 16 billio