Toll continues to rise globally one person is dying every 15 seconds india is leading and daily deaths and you infections its been in and out of lockdown a failure in the fight against the virus and a blow for business. Less than a month ago stores in the indian tech hub of bangalore were forced to close once again. Numbers of covered 1000. 00 cases have risen after the steady easing of indias initial lockdown. Still businesses and citizens alike clamored for the chance to get back to work. And they got what they wanted since late july restrictions have been gradually relaxed. But once again came a renewed surge in corona virus cases new infections nationwide have now topped 50000. 00 per day for 6 days straight the World Health Organization has urged india to rigorously enforced health measures. Again the potential for the disease to spread quickly in over crowded urban areas and in poorly served rural areas is always there and india will obviously have to keep a very strong and susta
Promising results from both of them. Later, we are expecting news from astrazeneca, thats a british company. They are going to announce the results of their phase 1 trials of a covid vaccine. Now, positive news on a vaccine usually moves the market. It certainly did last week, and i think its helping futures this morning, too. There is news on a new stimulus plan. The president says he would not approve any plan that did not include a payroll tax cut. All right. Now look at the market. It has turned around. Earlier today we were way on the down side. But now we have moved to the upside i think its on the strength of this vaccine news. The dow held to the 26, 600 level last week. 8,000 points above where it was when President Trump won election. By the way, a new the Washington Post abc news poll showed joe biden with a 15point lead, 5540. This is 106 days before the november vote. We will be talking a lot about election risk on todays program. Then theres this. For the 54th straight da
Burning documents, not shredding them burning them, China Threatens to retaliate and feels and looks like a new cold war. We have a significant turn in the fight against a virus, President Trump says its going to get worse before it gets better. A clear sign that the economic effects will drag on past the election. However, the trump team signed a contract with pfizer with 100 million vaccine doses. America gets the vaccine first, they pay pfizer 1. 1 billion and the cost to you, 0. Two stocks, got to watch them all day long, microsoft and tesla, the Financial Results reported around 4 00 oclock eastern this afternoon, in advance of that those stocks are on the upside. By the way, as of right now tesla is the most valuable car company in the world worth more than gm, ford, and honda combined. And microsoft at 1. 5 trillion is the second most valuable company right behind apple. We have big news on real estate two, applications for mortgages to buy a home of 19 over last year. Refi appl
A popular singer continues to grow. And the growing list of Companies Boycotting facebook pressure on the social media giant to do more to block racism and hate speech. On the how much now have all the sporting clearing pakistans cricket tour of england receives a major boost 6 players who had tested positive for corona virus have now been cleared and are set to join up with the squad in the u. K. The u. K. And u. S. Have joined a chorus of criticism directed at china. Impose a sweeping new National Security law on hong kong the 1st arrests were made under the station earlier on wednesday when thousands of people took to the streets to mark 23 years since the territory was controlled by britain critics say a Political Freedoms and Civil Liberties guaranteed by a pact made at the time have now been destroyed sarah clarke reports from hong kong. Despite the searing heat and defying a police ban thousands of protesters marched to test the new National Security Little Village slow she was
The nasdaq is tracking for its longest winning streak since december bob . Good news, were just off the highs for the day. The bad news is financials are again not participating in the rally and they need to to really move us forward. Lets take a look at the sectors, as you heard from kelly, it largely tech, semiconductors, internet stocks, the whole technical sector is doing well, Consumer Discretionary tech oriented to an extent, industrials flatter, generally underperforming and banks not even in positive territory by and large we told but the new high on the mega caps. I dont know if you realize how theyve rallied off of the march lows facebook is up nearly 78 , apple 75, amazon 70, microsoft and alphabet, even alphabet is lagging, 46 off of the lows, far outperforming the overall Market Software in general has become really important so if you look at right around here we see new highs in adobe and electronic arts, auto desk, service now, which is the Cloud Computing company. That