Activity. It begins the a 10 00 p. M. Until 5 00 a. M. Beginning saturday. Why the over night curfew . Those who are out during the late hours could spread the virus. We know that those who are out who might be engaging in higher risk behavior. Those infections can quickly spread to other settings. They have continued to learn a lot in the last six months about what type of people are spreading and activities they are engaged in. Its important to note this is not a restrictive total curfew. You can go to the Grocery Store after 10 00 p. M. And you can continue your usual routines like walking where are dog at night. The big impact will be the late night restaurants and bars. Another blow to the another struggling industry. Some Business Owners say they are being unfairly targeted. A popular bar in san jose. Were here at the outside tent area. The owners say they have been working hard to try to make sure customers follow the strict covid guidelines so the curfew blind sided them. It wa
Have created a more cautious consumer billionaire tilman will tell us what that means for his business power lunch starts rite now. Wall street starting to trade like a tech stock hitting a record as it gets set to launch its competitor and gears up for a deal to by tiktok zoom up after 40 . Invest rs continue to pile into these momentum names more on the markets and high its hard out there, send it over to bob. Yesterday he sort of threw in the town he said theres no precedent to how high valuations can go with low rates and unlimited q e. John also wu drew his price target these are veterans having a hard time to figure out how to put unlimbed fed support recessions would happen when the fed withdrew the support what does it mean . One of the thing s the bare arguments dont have much traction now the fed will keep stimulating and the Global Economy is slowly pivoting higher and the earnings are too conservative this happened in the Second Quarter and they are saying it again. For 202
We have blake burman at the white house. We begin with gerri willis. We finished with the s p at new record highs for first time in six months. Above the prepandemic highs. Think about that. That is the 14th record close this year. Turn to the nasdaq as well, also at a record high today, second Straight Record close for that index. The 34th record close this year. 174th record close since election day. Good news there. Market keeping an eye as you said on two big earnings reports today. One was walmart. Shares down after the nations largest employer reported eps of 31 cents a share, blowing out estimates samestoresales up 9. 9 . Online sales up 97 . Even so the stock is down. Dont know what it takes to get walmart up today. Home depot that stock up as well. Blowout Second Quarter with the sales up 23. 4 . Americans are remaking their homes as they are forced to live there, stay there, work there all the time. Finally weve been watching apple shares closely. They are higher today as the
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
Remodeling bigtime 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, thats close to the 28,000 level this morning, up about 40 points at the opening bell. The s p, thats just a couple of points away from an alltime high. The nasdaq, already there. By the way, apple is only, what, 10 shy of a 2 trillion valuation. All right. Lets get to it. The Virtual Convention. If it wasnt clear before, it should be clear now. This is Bernie Sanders Democrat Party. He laid out a far left platform and its been adopted by joe biden and kamala harris. Socialists wrote the party platform. Im calling it the Biden Harris Sanders ticket. Its the most progressive t campaign of any Political Party in recent history. Tonight, alexandria ocasiocortez will be a featured speaker. We heard fr