Laura as it intensifies into a category 2 hurricane 16 years in the making, palantir finally making a bid for the Public Market but not without a lot of investor scrutiny move over bill ackman, there is a new face you ever watching cnbc good morning. Im dominic chu in for Brian Sullivan today a bit of a miss so far you can see the s p higher by about four points. The dow jones lower by 37. The nasdaq outpacing after the s p 500 closed higher. Hitting the 17th record close of the year nasdaq trying for a fivesession winning streak as it pushes. Now seeing the 38th record close of this year the dow bucking the trend ending the day lower. The key to watch there, 28,000 mark early going, you can see the shanghai composite about flat on the day as well. Meanwhile, we are seeing outperformance in the german dax up about a half a percent. The ftse 100 underperforming as it has been all year currently down in this session we continue to monitor the developing story in the gulf of mexico hurric
To start in september. The s p 500 is therefore positive though not at a record. Were 59 minutes left to trade and we have two big exclusive interviews coming your way on todays show delta Ceo Ed Bastian will join us with the latest view from 30,000 feet on the state of the Airline Industry and his companys announcement today to keep middle seats blocked until at least the end of the year. Plus, well speak with marc short about stimulus negotiations or the lack thereof. China trade talks and the latest signals on the economy you dont want to miss either of those conversations. Lets get to the big stories were tracking a volatile day for the lows we have a look how the economic recovery hasnt benefited everyone but we begin with the fast moving developments surrounding uber and lyft in california. Fast moving indeed. We found out just moments ago that uber and lyft have won a delay for converting drivers to employees. The i was about to come on tv and tell you that both apps were going
Deliver remarks on jobs and the economy, and from the Mankato Regional Airport in minnesota looking at the live pictures and then hes headed to wisconsin for another event weve got that all covered for you. Now, theres one area of the economy going full steam and thats housing. The exodus from the cities to the suburbs fueling demand for one company, so much they are actually struggling to fill thousands of open positions, even with millions of people still unemployed in this country weve got the ceo of two men and a truck, hes here on the housing hotspots and hes in the cities where people are going and there was this new forecast by the cdc, predicting that the u. S. Coronavirus death toll could reach 200,000, by september 5 but could a newly approved rapid saliva based test be a major game changer . Its pretty interesting stuff today former secretary of health and Human Service dr. Tom price is going to give his prognosis on this new test and a lot of other things within the pandemi
And seriously and cautiously consider whether or not it should halt its sales negotiations the Chinese Ministry of Foreign Affairs for their part also weighed in on the situation monday. Chia the. China has repeatedly stated that we are going to to the u. S. Abuse of National Security concept and state unreadably suppressant lifting enterprise measure of other countries will move fundi us it to me with no economic bullying to manipulation tactics against non us companies. Whether it is legal to coerce transaction with the government mandatory transaction to do what the us has done is nothing short of actual words to robbery out of the interests not only violates murders and suppose but is also an irony your ship was a market economy and fair competition principles the us it has always advocated and joining us now to discuss this boom bust cohost investigative journalist ben swan whos been following this. Story but i want to start with these new regulations what specifically do they do.
3386 is the number to watch for that s p 500 record close. 59 minutes until the close we have a big show coming up to day the s p 500 makes yet another run at that record close bob doll will tell us why he is expecting the economic recovery to be more choppy. And why hes cautious in the short term plus, gaming the impact of the dnc. Well speak with a policy expert who says this weeks Democratic National convention could be a negative for the market even though its happening virtually. Right now, were going to focus in on the big stories were watching to day. Bob pisani is tracking to days action we have the latest on growing tensions with china. And joining us with his outlook for stocks is tony dwyer bob, start us off with the Broader Market whats going on behind the scenes and whether you think we could see that record s p 500 close today. When you get this close within less than 1 he , you usuy can get over it. Were still not there. 3386 as you heard before is the old closing high t