Heres the markets performance this thursday morning. Not paying much attention to those jobless numbers. We are going to be down pretty much across the board. The dow industrials on the down side to the tune of 200. The s p down about 20. The nasdaq, not much of a loss there, down 12 points. Now, ive got some negatives to lay out for you. This may be a negative. Several states report big spikes in virus cases following their reopening. Its the second wave worry. Number two, medical authorities in beijing say the new outbreak has been controlled, their words, but virus statements out of china dont have much credibility with investors. Heres another one. This is not helping. The European Union will go ahead with its plan to tax big American Technology companies. The u. S. Has withdrawn from those talks. This too might be hurting investor sentiment. John boltons book, very negative on the president. Bolton says that everything he does is geared to his reelection and that includes shifting
Fullon identity politics for the democrats. Mr. Biden now has a strong lead over the president. Hes 12 points ahead in the latest fox news poll. However, look at this. There is a huge Enthusiasm Gap and it is in mr. Trumps favor. 31 say they would vote for mr. Biden because they are enthusiastic about him. Double that number, 62 , said they were enthusiastic about President Trump. His base is clearly staying with him, obviously, and that will be into play tomorrow at his the city. They have already started to line up outside the stadium. We will take you there in just a few minutes. And we will take you to wall street and you will like it. Another rally this morning. Look at this. The dow will be up over, what, 350 points, 1. 3 . A similar gain for the s p and a 1 gain for the nasdaq composite. 10,100 on the nasdaq. Whoa. Amazon roaring ahead again today. They are clear lockdown winners. Jeff bezos is a clear lockdown winner as well. Hes by far the richest person in the world. Hes now
The dow is looking for about a 300 point gain right there at the opening bell. S p up about 34. Look at that nasdaq go. Technology is doing well, up 104 points. Thats premarket for the nasdaq. Now, lockdown winners. Clearly emerging. Lowes, the Home Improvement people, headquartered in North Carolina. Profit up 28 . We stocked up for the lockdown. Target, they really organized their online delivery and store pickup operation, lumped together under digital sales, up a whopping 141 . Walmart, same story. Stockpiling helped them, too. Amazon, kings of the online selling business. Boy, did they clean up. The stock is near a record high. And the netflix, well, they are the kings of the streaming business. What else are we supposed to do when we are ordered to stay home for weeks on end . There are a lot more virus winners and we will go through them throughout the show. Meanwhile, the revolt continues all across the country. Businesses are defying the authorities and opening up despite the
Pandemic. This week the Senate Passed a bill that will force Chinese Companies to follow the same accounting rules as u. S. Companies listed on u. S. Exchanges. The nasdaq is set to unveil new rules of initial public offerings, a move that could make it harder for some Chinese Companies to list on nasdaq. I spoke with larry kudlow,ing the white house chief economic head, about this a hardline stance toward Chinese Companies as well as the white houses decision to halt money from the thrift fund going into Chinese Companies. Watch. The solution here is for the chinese to open up their investment system and to play according to the rules set by longtime authorities in the usa, the sec being the key and the Public Accounting board being another key. We cant ask military retirees to invest in Chinese Companies that are operating against our own interests and in some cases with respect to this pandemic, we saw the president wrote an excoriating note to the world trade organization, china an
The white house. Whats happened to the world and to our country with all of the death. We are going to build our economy back bigger than ever, but with all of that death you could never replace whats taken. Its very sad for a lot of families, you know, so horribly hit and so unnecessary. They could have stopped it. They could have stopped anytime china where it came from. But didnt happen that way. Maria i want to ask you about china, ill get to that. But lets talk about the reopening of america right now. About half of the states have begun this process. Right. Maria is it too soon . There are some calls out there that theyre talking about a relapse in the fall. Is it too soon . So i want them to open when they can, when they want. The governors are opening them. Most of them are either opened or opening or considering it. I think that we have to get back to work. We have to get our country back. We have to take it back. It was artificially closed. I think were doing incredibly well