From trevors couch in new york city to your couch somewhere in the world, this is the daily social distancing show with trevor noah. Trevor lets kick things off with whats on everyones mind right now the u. S. President ial election is just one week away, one week, people and passions are running high. In florida martian went on a backhoe blitz stealing a bull dozer and adding his own curb appeal to homes of biden supporters. James blight drove around haines city digging out biden harris signs from front yards. According to authorities hed been drinking whiskey all day and stole the bull dozer from a nearby arbys construction site. Trevor this is truly such an amazing florida story. The only question now is whether this guy is going to end up in jail or the Governors Mansion but it also goes to show how everybody is too obsessed with politics right now. I mean, this dude stole a bull dozer, and his first astronaut was to drive over Campaign Signs . He could have done so much more he co
President ial election is just one week away, one week, people and passions are running high. In florida martian went on a backhoe blitz stealing a bull dozer and adding his own curb appeal to homes of biden supporters. James blight drove around haines city digging out biden harris signs from front yards. According to authorities hed been drinking whiskey all day and stole the bull dozer from a nearby arbys construction site. Trevor this is truly such an amazing florida story. The only question now is whether this guy is going to end up in jail or the Governors Mansion but it also goes to show how everybody is too obsessed with politics right now. I mean, this dude stole a bull dozer, and his first astronaut was to drive over Campaign Signs . He could have done so much more he could have moved peoples cars to another parking spot. Or stolen an atm, or knocked over a fire hydrant to watch the water spray out. Guys, life is so much bigger than just politics. Also, did this guy think that
Wechat on sunday. Back to the race for a treatment for covid and a cure, at least a vaccine roche unveils a new Antibody Test and Vice President calls on trump to step down and tech volatility, the s p and the nasdaq aiming for a rebound to end what has been a turbulent week for stocks. So we will start with tiktok and wechat, jim, just listening to you and andrew a moment ago doesnt sound like you see a whole lot of material to salvage this in the next 48 hours. I think that walmart feels like its given everything it can, i think that the people in the private equity have given everything, oracle, difficult to tell whether they think they can do more, but they had really felt that when pretrump it was looking like it was 43 owned by u. S. , 14 by international, chinese own 45 posttrump they are talking about u. S. Owns 53, international owns 11, chinese own 36 i think its the chinese owning 36 is the Sticking Point david, what level do you think the president would allow this deal or
Of mind blowing. Check out these numbers, the six biggest tech stocks losing more than 1 trillion in value in three days apple, microsoft, amazon, microsoft, tesla and facebook. This is kind of unbelievable on the way up, we kind of get i wont say we get used to it. Complacent. We dont quite notice it as much after the split, was apple up 40 or something remember when we were arguing about tesla at 500 a share . Look where it went eastbound the s p was up almost 60 since march. You get these crazy moves to the upside we should have been able to watch this after all these years and how quickly the corrections can come to get that move and have a correction in three days maybe we need to even revise the terms for how we talk about it given what the nasdaq has done, that perspective it is nothing it is not that shocking if you are a longterm investor, this is no big deal. If you were looking at this. Those six stocks losing a trillion in value, they are still up several trillions you are
I say that with hesitation because you never know with these numbers anymore. Here is more. Is not highfrequency data. But they are coming in stronger than expected. 6. 2ory orders up by percent. The forecast was for 5 . Percentages dont mean a lot right now because data is always volatile. It is even more so now. We are seeing wide swings in orders for both factory goods, durable goods and nondurables. Durable goods orders, we already got a report on that. That gets revised. It is revised stronger. 7. 3 earlier. Tothe end of july, it is up 7. 6 now. These are june numbers. Orders, that is the one economists like to look at because it tells you what business orders are and what business spending is in gdp and that comes in at 3. 4 . That is up from 3. 3 . Not a lot of new information. Slightly stronger. The reopening started to bring rebound into the economy. At this point, we have no idea if that has continued. The new yorku that ism number which represents this 53. 5 four july. At le