loathe last night s debate, you know who loved it? the stock market which is why the dow surged 329 points today and nasdaq advanced 4.7% what did the candidates say that got wall street so excited honestly, it s more about what they didn t say, a lot of investors were worried trump and biden would try to score points. these companies if you don t plan to do anything about them not this time. when the candidates lay off the health care sector, the stocks roar one of my favs runs government sponsored health plan and does it better than anybody guess what happened? stocks zoomed 4%. anthem, cigna, united health, even cvs managed to rally. my trust owns it follow along by joining the actionalertsplus.com club. it s been awful. own your mistakes. we just bought more. 3.4% yield i have parsed every word of that debate that was hard if you read the transcripts, it was bad. chris wallace often picked on who told the president quote you in the course of these four years have never co
chipmakers asia s chipmakers. and oracle is an talks to purchase tiktok. reports ap group surge in iron ore. we hear from the ceo this hour. it has just gone 6:00 a.m. and london. dsia..m. in downtown everything comes back to the price of a bond for me in the united states of america. stimulus, prevarication what does it do to the dollar, good morning? annmarie: the dollar is in focus. putting outole research saying the tail wind be the u.s. election. you and i wake up so early, we got to see some of what is going on in politics. the dnc kicking off its convention. how does this impact the market? that is what we will need to discuss. will come off the top of the s&p. i have get my one favorite line of the day. my quote of the day. bondholderso says are like boiling frogs. a small kick in rates and they jump out of the pot. boiling frogs. what an image. there you go. whoever put that together, high marks on our show. annmarie: we are going to go down this path. my favorit
remodeling big-time during the lockdown. profits went straight up, sales straight up. those tools, wallboard and paint, just ran off the shelves. these two companies are economic indicators. they are doing well. the economy apparently recovering nicely. as for the overall market, well, the dow, that s close to the 28,000 level this morning, up about 40 points at the opening bell. the s&p, that s just a couple of points away from an all-time high. the nasdaq, already there. by the way, apple is only, what, $10 shy of a $2 trillion valuation. all right. let s get to it. the virtual convention. if it wasn t clear before, it should be clear now. this is bernie sanders democrat party. he laid out a far left platform and it s been adopted by joe biden and kamala harris. socialists wrote the party platform. i m calling it the biden/harris/sanders ticket. it s the most progressive t campaign of any political party in recent history. tonight, alexandria ocasio-cortez will be a fe
bribes. the climb itself was a felony. he was suspended for the nfl for one year and put on probation and serve nod jail time. in 2000, he surrendered the team to his sister. to date president formally pardoned them in front of 49ers legends. today the president cleared that mistake. what does this mean for him? he is no longer a convicted felon. he is able to own a gun, for example, but he is already in the hall of fame. former niners coo told me over the phone that the pardon might clear the way for him to own another team in any sport. those that run leagues are always looking for the cleanest background and this will be the last sort of negative mark that he has. long time fans at levi today welcome the news. been a 49er fan for years. and now he s not a convicted felon. yeah, no. that s good. you know, i m glad. i think that s that s great. and right now, they spend time in montana and in tampa bay. andy told me this is more of a personal cleansing for him.
we get an exclusive check in with the linkedin ceo. his thoughts on the company three years after microsoft acquired the job listing site. but first, to our top story. a late developing shakeup at the top of oracle. the ceo is stepping down for help reason health reasons. the company did not specify what issues he is facing. but executive chairman released a statement saying oracle has an extremely capable ceo and an x and an extra nearly deep team of executives, many with long year tenure. joining me to discuss, bloomberg intelligence senior analyst in new york, and with us, global executive editor tom giles. thank you for crashing on this. how surprising was this announcement. announcement? tom: as far as his leave, there have been signs over the last year that he may not be unwell. the was not expected was announcement to come today. and because they had not announced until now, there was a question mark about whether they would and whether he was getting well or n