Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
U. S. Cases do continue to decline. The fda gives the go ahead for plasma use in hospitalized patients and a potential vaccine fast track and tech on a tear. Shares of apple up nearly 75 this year ahead of its four for one stock split today. Jim, we have all that to handle and jackson hole this week, the rnc and couple tropical storms in and not a sleepy august it should be a sleepy august, and its not august supposed to be a down month and its not people say, wait a second. 70 of the market didnt do well last week. I always find those kind of things because 70 of the market does well this week. You dont have a bunch of anything to hang your hat on when you look at a big apple price target increase basically to where the stock is you realize, wait a second shes the first. But will everyone have to follow every price target is below where the stock is a lot of people feel enthusiasm for the stock split. Of course, that is part of it. I know stocks mean nothing but they excite people she
Charlie breaks it for us this hour. Plus, could the tiktok saga be distracting from an even bigger china stock drama . In a countdown exclusive, one of the markets best known and feared short sellers, Citron Research founder andrew left reveals the stock he says is the biggest fraud right now in that country and whether shopify will really add stamp. Com to its cart bus he plus the names hes long on today. The ceo of the second largest gold miner in the world is here. And blitzing covid19 fears. The former nfler whose wildly popular masks he was making way before the pandemic, now has the cdc saying touchdown. Your masks score. By the way, we have some breaking news on a report that the big ten has now canceled its football season. We will ask our nfler about that. He played for the s. E. C. Plus, buffett goes big on berkshire and the latest from chicago where looters are targeting the miracle mile. Lets start the claman countdown. Liz and yes, we need to take you to chicago right now.
On track, we will see what happens in the next 59 minutes. Global air travel is down 85 from a year ago. One airline is looking to build confidence among travelers. Delta is teaming up with cvs to rapid test its employees with results available in 15 minutes. With rapid covid testing on the rise, we will talk to the ceo of a dyiiagnostics company which applies a newly approved test. How these rapid tests are a tool in the fight against covid19. Warnings over sales pressure once the stimulus checks end, really kind of a surprise how the stocks have performed. What could this mean for the sector as consumers prepare for not just back to school but for the Holiday Season . Yeah. We got to talk about it. We will get the inside scoop from one of our allstar retail experts during the hour. Plus, new drama for apple. This time with new york citys metro transit authority. And charlie breaks it on the newest entry to the tiktok race. Less than an hour to the closing bell. Im Cheryl Casone in fo
Mile. Vandalization, high crime, 100 arrested, 13 officers injured. I dont know where to start on this one but well be covering it. Because there are ramifications for the rest of the country and maybe the president ial race. Meantime, focusing at the corner of wall and broad, with the dow up 300 points. A lot is on optimism that despite the back and forth nastiness between democrats and republicans on the president s executive orders here, to go ahead and provide stimulus himself because congress was unable to do it, there is optimism that some deal will ultimately struck. It moo be ultimately close to what the president wants, there are nagging issues is it constitutionsame issues come up when republicans were saying that to barack obama when he was looking at a payroll tax cut there is a long history to president s taking these payroll tax cuts to the executive level. President george w. Bush implemented one with much democratic, you know complaining. Again i mentioned about preside