School holidays. If we look at the map, we talk about schools open or closed, we do know its a holiday because of lighter traffic. I have my eye on discovery bay. The rest of your commute looks fine. Maybe a factor for 680. Back to you, laura. Thank you very much, mike. 6 01. We begin with live pictures from arlington, virginia. This is Arlington National cemetery where President Trump and the first lady will visit in just a few hours to honor our Fallen Heroes on this veterans day. It is the president s first public appearance since the election. Joe biden will take part in veterans day events. Today in the bays tracie potts is with us live in washington. I know these events happen as the struggle between biden and the Trump Administration continues. Reporter it does, marcus and laura, and we are seeing where republicans are lining up in that power struggle. A few acknowledging and congratulating joe biden on his win. Some lining up with the president saying he has absolute right to c
5 00 right now. Covid cases in a nationwide surge. This map shows much of the midwest covered in red meaning a widespread number of new cases. Dark orange shows a significant surge. Thats most of the east coast along with parts of texas which just hit 1 million cases. California a lighter orange but cases here are also on the rise. The cdc has put out its strongest guidance yet on mask wearing citing growing evidence a mask can help protect a person wearing it. The cdc says adopting universal mask wearing policies could help future help prevent future lockdowns. As San Francisco struggles to get ahead of rising covid cases, leaders reopening rolling back plans. Today in the bays Cierra Johnson is live in San Francisco to explain why the city is hardly alone here when it comes to new concerns and confusion, cierra. Reporter yes, good morning. Mayor london breed made that announcement shes pausing some of that reopening, and that includes halting the reopening of indoor learning for high
Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
Perfect sense. But then there are days like today when i cant take how stupidly bullish this market can be the dow gaining 164 points nasdaq climbing 0. 35 . You often hear people saying that the whole things been manipulated. Its a desperate Federal Reserve and its a scared powell and its President Trump winning the election no, the feds just doing its job. And if the white house wanted to juice the stock market, dont you think they already wouldve cut a deal with the democrats on the next round of stimulus see, there is a much simpler explanation. I call it clueless buying. I always say you should never underestimate the wall street promotion machine. But never underestimate the power of enthusiastic buyers who do not know what theyre doing they know nothing some people accuse me of taking the thing too far. They say im not willing to call people out for being morons that are more likely to put retire clorox ceo than i am to put a departing Ceo Jim Hackett on the wall of shame. They
Nasdaqs going to be up about 60 at the opening bell. From the low of march 23rd to the close yesterday, the value of all publicly traded companies has gone up 12. 2 trillion. You have never seen anything like that before. Next, tesla. Musk does it again. Grabs the headlines with a five for one stock split. That may bring in more Retail Investors. Doesnt change teslas business, but the stock is up bigtime premarket. A gain of 84 bucks per share. Apple announced a four for one stock split a week ago and apple this morning is leading the big tech rebound. Its up four bucks. Then theres this. The big ten, now the pac12 have canceled their football seasons. Looks grim for the college game. This is a financial story. Colleges will lose billions. That virus changed everything, didnt it . Larry kudlow joins us again later. What does he think of a 12 trillion increase in the value of American Business in less than five months . Hes got something to say about it. Hes on the show. Wednesday, augu