Economy

DEVELOPING: Stock Market Hits Record Highs, Best August Numbers in 36 YEARS

posted by Hannity Staff - 9.01.20

From Fox Business:

The Nasdaq Composite hit record highs Tuesday as stocks looked to continue the momentum from the best August in 36 years.

The Dow Jones Industrial Average slipped about 95 points, or 0.33%, in the opening minutes of trading while the S&P 500 was flat and the Nasdaq, which hit an all-time high at the opening bell, was higher by 0.44%.

The S&P 500 booked its best August since 1984 while the Dow Jones Industrial Average recorded its best August since 1986 as both rallied over 7%. The Nasdaq, meanwhile, recorded its best August since 2000, rising 9.6 percent.

Looking at stocks, Tesla Inc. shares were in focus after the company announced plans to raise up to $5 billion through a stock offering. Shares gained 13% on Monday, the first day of trading since the stock split 5-for-1.

Meanwhile, Apple Inc. has asked suppliers to build at least 75 million 5G iPhones, Bloomberg reported, citing sources. Shares gained 3.39% on Monday, the first day of trading following their 4-for-1 split.

Zoom Video Communications Inc. reported earnings that more than doubled Wall Street estimates and raised its annual revenue forecast as the work-from home environment converts more users to its paid subscription service.

Read the full report here.

'SICKENING': Backlash Grows Against Denver Democrat Who Supported Spreading Coronavirus at MAGA Rallies

posted by Hannity Staff - 3.03.20

Denver’s Democratic Councilwoman Candi CdeBaca is facing a growing backlash on social media this week after calling for those sick with the deadly Coronavirus to intentionally spread the disease at ‘Make America Great Again’ rallies.

“Democrat Denver Councilwoman Candi CdeBaca says that she stands in ‘solidarity’ with someone who says that they if they get the coronavirus that they will attend as many Trump rallies as possible She appears to have made the statement on her government Twitter account,” posted a reporter with the Daily Wire.

 

“These people are sick,” posted Donald Trump Jr.

“This elected Democrat in Colorado doesn’t seem very nice!” the Trump campaign War Room Twitter account posted in response.

Read the full report here.

Source: Fox News

‘COMFORT’ ARRIVES: US Navy Hospital Ship Arrives in New York Harbor to Help Deal with Coronavirus

posted by Hannity Staff - 3.30.20

The United States Navy Hospital Ship Comfort arrived in New York Harbor Monday morning to help the nation’s largest city cope with the ongoing Coronavirus crisis.

“There she is,” New York Gov. Andrew Cuomo said as the ship arrived at Manhattan’s Pier 90.

“If there is ever a time that we need to work together it is today,” he added. “The president is right – this is a war. And what does this nation do when it’s at war? It comes together and it acts as one.”

“This great ship behind me is a 70,000-ton message of hope and solidarity to the incredible people of New York, a place I know very well, a place I love,” said President Trump as the ship left Virginia. “We’re here for you. We’re fighting for you and we’re with you all the way and we always will be.”

“I’ve been speaking with a number of my colleagues, governors all across the nation, Democrats and Republicans – I’ve said the same message to all of them. What you see happening in New York is not unique,” said Governor Cuomo. “Yes, we are more dense. Yes, we are bigger than most places, but, this virus spreads among Americans. This virus does not discriminate. It does not discriminate by age, it does not discriminate by party, it infects all Americans. And what you are seeing in New York is going to spread across this country.”

Read the full report here.

Source: Fox News

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