Headlines hit on the coronavirus. New york city is halting all inperson learning starting tomorrow it comes as the number of coronavirus cases and hospitalizations are skyrocketing nationwide. And a new all time high for s p. We have a Record Number of cases of covid in america and retailers are hitting an all time high. How can this be . The haves and havenots kudos to karen and tim target numbers were extraordinary. It should come as no surprise. Thats a name we have talked about. If you love walmart at their valuation, you have to love target at theirs walmart quarter i thought was very good. There are a lot of good individual stories, but i dont think it speaks to the economy per se there are names we also mention that seem to be topping out. The price action in restoration hardware, William Sonoma and we dont need to go down the road of what they sell. Those stocks popped out a couple of weeks ago thats concerning. Do you want to play at the 100 earnings table, gap earnings on the
Nasdaq declined. 82 there is only one thought. Good, they all got a chance to buy. Not long ago on days like this we say oh boy, i got to get out of here while it is getting good who knows what it is going to happen with this thing it is going to roll over now we often see pull backs like this as opportunities that are too precious to swander. How do we explain the new mindset . I think because we broken the tyranny of the indexers. When the fed says something positive or when we get solid employment number. Either way, we were in the throw to these big macro events. They control everything. Not anymore. These days macro does not matter very much. And etf buyers have stopped reacting to this stuff instead they react to the opportunity so when stocks come down, these people step up and actually start buying, make it much harder to have a hideous selloff you know what there is nothing new about this less lock steps opportunity mindset. This was the old new normal of the index funds 20 ye
Americans. The former first lady sharing her important discussion about the mistreatment of black women in america. What to know in our gma cover story. Something big i feel it happening panic buys. Which items are hot right now and which ones will sell out soon . Whether youre in the market for tech or stocking up on pantry supplies, weve got your goto guide for smart shopping. I do my hair toss is your age affecting your skin care routine . Weve got the best tips for treating issues in your 20s, 30s and 40s so you keep glowing bolder as you grow older. Moving so carefully lets start living dangerously tired of the same old dishes . Revamp your everyday meals from healthy swaps to affordable alternatives, Simple Solutions for recipes youll make again and again. All that and more as we say, good morning, america. Cake by the ocean good morning, good morning hey, good morning, everybody. Welcome to our second hour and the sad breaking news overnight, black panther star Chadwick Boseman
Result of arson fires. And coronavirus takes out the countrys Oldest Department store chain. Liquidation sale signs could be seen on lord taylor locations yesterday. The nearly 200yearold Company Announcing its declared bankruptcy. Those are some of our top stories on this monday, august 3rd. Thank you for joining us. Hope you had a good weekend. Lots of news to get to. Were beginning this half hour with the possible hurricane heading for landfall in North Carolina. Residents and President Trump has already approved a disaster declaration for parts of the state. Isaias is a Strong Tropical Storm and heading northnorthwest. Before its done it will bring as much as six inches of rain to North Carolina. Reporter josh chapin is there. Reporter beachgoers raving about the weekends weather even as a storm threatens this beach town again. For Tropical Storms, we have to look at the totality of impacts. Reporter New Hanover County Emergency Management is not yet calling for evacuations. For ea
Social Media Companies ylan mui has more on the story reporter the dojs proposal strikes at the heart of the Business Model for platforms like facebook, google and twitter, section 230 of the communications ccc act the first is what theyre calling the bad samaritan bill, for platforms that facilitate or solicit illegal activity, and the second specific exemptions for child exploitation, and actual knowledge of elicit activity the doj cannot do this alone they would need congress to act to change the law. Big tech doesnt have a lot of friends on capitol hill these days just today, republican senator josh hawley unveiled a bill that would remove text Liability Protections unless the Companies Promise to act in good faith or pay a 5,000 fine to users if they dont meanwhile, democratic senator mark warner said that he believes section 230 has allowed companies to turn a blind eye to a host of ills, but melissa, he also said hes worried that the doj is using these tools as a way to get Big