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Gaining. It is time to admit that conventional wisdom has been wrong every step of the way. In this market, patience is not a virtue discipline cluster of fortune. Buying the most obvious stock, well, that has been a strategy that was easy i struggle about how this is possible i am not used to a mark that reward investors being late to the party. We found out moderna has a vaccine that may work better than pfizer. Thats getting off the table we got uncontrol spread over america. And mayors and governors refused to shutdown the bars and restaurants. Those are the main places we are getting infected no, it is at home, jim this pandemic is steam rolling us the prospect of a vaccine keeps on plotting it and shutting everything down. I am sure you are wondering, given the numbers that we see, how is that possible first every now and then there were moments that well stood on our head. Time like these is not sell. You must be willing to suspend judgment how far stocks can reasonably go. Than ....
Billionaire tilman will tell us how he is preparing. What hes telling his teams for what could be a cold winter for the economy. Power lunch starts right now day after the huge sell off, stocks have turned higher this afternoon as they try to avoid a fifth straight day of losses the s p and nasdaq are at session highs right now. Lets go to bob for more on these markets. Bob. Chop it around a little bit i listened to the powellmnuchin testimony. I didnt see any narrative around fiscal or Monetary Policy stay at home stocks are back theres this narrative if we get more break outs in the u. S. Like we got if europe, they will be ben faeficiarie beneficiaries. All these stay at home names are doing well amazon is having great day not so the banks second day in a row they are getting clobbered. Some of the banks are down 7, 8, 9 in two days this is another serious down trend in the banks the big thing im worried about is valuations. W ....
Images of parties and barbecues with family and friends. Traditionally later day is summers last hurrah, marked with good food is family get togethers. People are already starting to make their plans. This labor day well probably be at home. Well probably barbecue. Well definitely go on a hike. Reporter this year city leaders in San Francisco are saying in other holidays in 2020 are any indication, labor day will be a breeding ground for covid19. We continue to see spikes in our numbers as a result of the hole days, and labor day im sure is not going to be any different. Reporter the city launched a Public Service announcement campaign. We can show love by masking up. We can stay six feet apart, and most importantly, ashowed sharing food and drinks. Reporter covid19 is close something traditional labor day lily everyone in the house is online destinations like the beaches and ....
A paltry one trillion dollars,. Only in this day and age can one trillion seem cheap. Democrats want 3 trillion. Well follow battle back and forth. In texas where were seeing a spike in cases but some are finding positive signs that the spikes are not quite as high as they use to do so be. Also that, and the vaccine push right now that has some promising implications for texas. To silicon valley, what is going on there. A lot of tech ceos on wednesday will be on capitol hill. Lets just say the environment might match the weather, hot and getting even more heated. So lets get to it with chad pergram with republicans with their own coronavirus bill, that also tackles that sticky subject of those jobless benefits. Courtesy of uncle sam. Chad, where do we stand on all of this. Reporter neil, they released their plan yesterday, about five or six distinct proposals. Frankly republicans are in a pickle. There is a lot of disagreement, there is a lot of disowe nance on the republican side of t ....
Stimulus. Tributes, bipartisan and plentiful for civil rights leader and congressman john lewis. He was powerful. He was largerthanlife. He was a great man and he was tough as nails. Garrett outrage in portland over protests and federal arrests. And later, ford hopes for a stampede. The bronco rides again. This is the cbs weekend news. Garrett good evening, everyone, im Major Garrett in washington. Coronavirus continues to raffage the states where it has run rampant for weeks. California, texas, arizona and worst of all, florida. With more than 12,500 new infections there. Slightly lower than its july 12th record of 15,300. Not every infection, of course, leads to hospitalization or death. Many people do recovery recover. But each positive test is disruptive to families, friends and businesses. And absent a significant reversal, the nation appears headed for 100,000 new cases per day. This weekend we hit roughly 70,000 per day just ....