Were in westchester, pennsylvania. The expectation this will be biden country. Not far from home in delaware. The focus is Kamala Harris as she gets ready to take stage in the Democratic National convention. Well talk about this state important overall, this area is so pivotal for the hopes of the democrats. In moments i will speak with Everyday Americans and Business Owners. Stay tuned for that. Well get their perspective which is why we are here. First our top stories, fox Business Team coverage set up with gerri willis on the markets and blake burman at the white house. Gerri, we start with you. Reporter thats right. Not as exciting of a day as we had yesterday thats for sure. All three major averages finishing lower taking a breath. All three stock averages down after a big day yesterday. The big stocks driving the dow down, target and lowes hit alltime highs on blowout earnings. Target having an incredible quarter, online and stores open at least a year up 24. 3 . Alltime high. As
Emergency use authorization to a new virus treatment using plasma from people who already had over 19. Its called convalescent plasma, it reduces the rate significantly in one big study. Investors love the positive news on the virus and with new cases in america trending firmly down we have a monday morning market rally, the dow industrial is up 270 points, s p up 28 and look at that nasdaq, were looking at again at well over 1 , 123 points for the nasdaq. This is very much a big tech rally all over again. Apple stock premarket, well above 500 bucks, Morgan Stanley says it will fight 20, 30 at 512 getting there fast. Look where it is now come up another 75 bucks, 2125. Will bring you the rest of the big tech news and a moment. Just as the republicans began their convention, joe biden brings blockbuster news about the virus, he told abc news that he would shut the economy down all over again if the Scientists Say so. If the Scientists Say a National Lockdown would save lives. Thats what
Americans and ongoing battle of stimulus this morning. Heavy haters, walmart, home depot and kohls reporting Quarterly Earnings, we have all the numbers and impact. Lets check numbers, we are looking at a firmer tone, futures indicating a gain at start of trading, about 55 points nasdaq with record close yesterday adding to it this morning with another gain of 35 points. S p 500 ending the day yesterday less than 5 points away from a new record high close when the dow was down 86 but the nasdaq was up 110, the race to acquire tiktok, stock is surging this morning after reportedly throwing its hat to the ring and what it means to microsoft and ongoing battle this morning. Oracle shares up 2 and a half percent. Men being told not to have one alcoholic drink a day. Whats behind the warning . Mornings with maria is live right now. Ftse 100 up 11, cac quarante up 17 and dax index in germany higher by 66 points. European Central Bank President warning banks arent likely to fullery recover fr
Does not have the matching funds required to participate. He estimates it would cost california 700 million a week. There is no money sitting in the piggy bank of the previous cares act to be reprioritized or reconstituted for this purpose. Simply does not exist. We need the federal government to front those dollars. The governor didnt say how or when californians who need that money will get it. Education is a major part of building a better bay area, especially right now as students are returning to school. Many School Districts are starting off the year with Distance Learning because of the covid19 pandemic. And today San Franciscos board of education is expected to ratify a deal that the School District made with the teachers union. The teachers signed off on it yesterday and guarantees at least two hours of live online instruction every day. Teachers will get additional training and planning stipen to cost of working from home. Contra costa county classes start thursday. In oaklan
I ask the supervisors to immediately meet with each other, discuss this issue, get it into the media, spread the word. I believe the action will be taken on behalf of these people should anyone know about this issue. Everyone ive spoken to has been surprised. Clerk thank you. Thank you for your comments. Next speaker, please. Welcome, caller. Youll have up to two minutes to share your thoughts with the board of supervisors. Thank you, supervisors. My name is fernando, and im speaking on behalf of item 24, the [inaudible] now i want to thank you for finding this state build that would reduce the market housing that we can build in this city. Its important that we preserve what we have here in San Francisco, and thank you for all youve done. Urge you to support the resolution and to send a clear message to our state delegation in sacramento to amend sb 1085 in order to preserve our Affordable Housing game. Thank you very much. Clerk thank you for your comments. Next speaker, please. We h