Growth rate and job creation, now if you put the fed statement and higher jobless claims together, thats whats pushing stock prices down this morning. Look at it. The dow is off about 100, s p 60, nasdaq about 31, more on that in a second. All right, did you watch night 3 of the Democrats Convention . It was hate trump night. Speaker after speaker layed into the president in personal terms. He gets the blame for everything. Seems to me like the democrats have not gotten over their loss 4 years ago. The president was live tweeting all the way through. We will show you both sides of this, of course, but seems to me like all of the democrats have is hate trump. Varney company is about to begin. Stuart look at the red ink on the markets, first of all, down across the board but not that much. Lets get right at it. Larry kudlow, director of Economic Council at the white house. Larry, negatives this morning. More than 1. 1 million jobless claims, the fed says the virus is hurting growth, back
The 27,700 level. Remember, it was 18,000 on march 23rd. The s p, what, nearly 3400. New alltime high. The nasdaq well over the 11,000 mark. Who would have thought of that. Add it all up and yes, we are now in a brand new bull market. Heres another reason for the rally. Terrific performance from major retailers, target, out today with a blowout report. Online sales nearly tripled. It was targets best overall growth rate ever. That stock is going straight up. Add this to the numbers from walmart, home depot and its clear the major retailers won big by staying open in the lockdown. Really, though, kind of tough on the smaller operators. Got to get to it. The convention, boring in my judgment. Tv ratings way down. Wheres the excitement . Everything is on tape and the whole thing lacks the spontaneity of a live crowd. The performance of the old guard, bill clinton, john kerry and a grim chuck schumer. The bright spot was aocs oneminute appearance. She nominated Bernie Sanders. The democrat
Portfolio . Then there is this. President trump i thought it was a very divisive speech, extremely divisive. We have tremendous amount much enthusiasm for my campaign. Charles President Trump pushing back against former First Lady Michelle Obama who declared him in over his head. Well get reaction from Katie Pavlich on that. All that and much more on coming up on making morn any. Making money. Charles golly, folks, monster quarters for two of the bigger names in retailing. Walmart, home depot posting results well ahead of expenses. Mindboggling increases in samestore sales. Wall street is anxious what happens next with additional stimulus. That is stuck in limbo. We are erin sikes and kristin benz. Let me start with you. Walmart was initially up 6, 7 in the premarket. Home depot, again, surge, surging, folks kind of wondered can it be reflip indicated, can it be replicated without stimulus . Where do we go from here . Is certainly can, charles were . A walla so no economy. Home depot w
It is extending its emergency Lending Program. Twoday meeting coming to a close today and fiery hearing on capitol hill between william barr and democrats. The hearing appeared to have more questions than answers at least that were allowed. Ag had a question of its own, how long will we let cities burn. Federal agents pulling out of seattle now. Other cities following on spike of violence. Gulleny giuliani this morning. Its all here right coming up. Markses this morning meanwhile look at this, fractional moves as stimulus uncertainty and economic hit companies are taking due to coronavirus, few losses on wall street yesterday, s p 500 up 7. Plus stores using facial recognition, what you need to know about information being gathered from your image. Mornings with maria is live right now. Global markets this morning are mixed, take a look at european indices with ftse 100 up 20 points, dax index lower by 15 points in germany. In asia overnight markets mostly higher, take a look, coronavi
Results for its vaccine, phase one trial in humans. Weve got a lot more on this coming up in just a moment. But this is a very positive development. When this was announced the stock rally that had already been in place gained a lot more ground. One more positive indicator for you. Thats the price of oil. We are back to 32 a barrel. We are driving again, we are emerging from a lockdown, demand for gas and oil up and up goes the price. Key indicator. Now, look at this weekend. All across the country, people were out and about, enjoying the weather and enjoying their freedom, too. There has been some relaxation of lockdown rules in 49 states. Connecticuts the lone holdout. They open up in just a few days. Bottom line, the economy is opening up and in most places, people feel willing to shop, eat out and socialize. Its hard to see how the authorities can reverse course and clamp down all over again. The genie is out of the bottle and the Moderna Vaccine news is the icing on the i can kcak