Written by Gary
The melt-up continues: SP 500 futures have risen this morning (SPY +0.1%). Stocks making the biggest moves in the premarket: Honeywell, Amgen, Salesforce, Apple, GE
Here is the current market situation from CNN Money | |
 | European markets are higher today as French and German shares show gains. The CAC 40 is up 0.02% while the DAX is up 0.04%. The British FTSE 100 is closed. |
What Is Moving the Markets
| Here are the headlines moving the markets. | |
 | McDonald’s slams ex-CEO as ‘morally bankrupt’ after he asks for dismissal of chain’s lawsuit against himMcDonald’s slammed former CEO Steve Easterbrook in a new legal filing on Monday, arguing that he should have to defend his conduct in court. |
| Coronavirus cases climb in the Midwest as more states report growing outbreaksCoronavirus cases in the Midwest are beginning to emerge following warnings from top U.S. health officials. |
| GlaxoSmithKline and partner Vir join the race to find a coronavirus antibody treatmentGlaxoSmithKline and partner Vir Biotechnology have started testing their experimental antibody on early-stage Covid-19 patients. |
| FDA willing to fast track coronavirus vaccine before phase three trials endThe chief of the Food and Drug Administration told the Financial Times he is willing to bypass the standard approval process to make a vaccine available as soon as possible. |
| United Airlines scraps ticket-change fees for domestic flights in bid to win over customersUnited Airlines is making its tickets more flexible in a bid to win over customers after the pandemic devastated demand. |
| 5 things to know before the stock market opens MondayU.S. stock futures rose Monday, pointing to a higher open on the last day of August. |
| Coronavirus cases surpass 25 million as pandemic strains nations around the worldReported cases surpassed 10 million in late June, then doubled just over six weeks later on Aug. 10, according to Johns Hopkins data. |
| Retailers are reporting record online sales during the pandemic. But it won’t last foreverTarget, Best Buy and Dick’s Sporting Goods are among the retailers reporting some of their biggest online sales gains in history thanks to the coronavirus pandemic. |
| San Antonio Spurs’ executives discuss their new vision for the team and Gregg Popovich’s futureThe Spurs’ 22-year playoff streak ended this season, raising questions about the team’s direction moving forward. Team executives spoke to CNBC about what’s ahead. |
| History of Apple stock splits says investors shouldn’t rush in to buy lower-priced sharesApple begins trading Monday after a 4-for-1 stock split which could bring in new investors. But the technology giant’s previous splits have preceded short-term declines in market value. |
| Coronavirus live updates: U.S. approaches 6 million cases as new infections rise in more statesThe coronavirus has infected more than 25.24 million people around the world so far, killing at least 846,851 people. |
| Nestle pays $2 billion to secure Aimmune’s allergy treatmentNestle plans to pay $2 billion to gain full ownership of peanut allergy treatment maker Aimmune Therapeutics, as the Swiss company expands its fast-growing health science business. |
| CDC revised guidance on testing ‘unfortunate’ and unlikely to be followed by states, Gottlieb saysEarlier this month, the CDC quietly revised its guidance on Covid-19 testing and dropped its previous recommendation to test everyone who’s come into close contact with an infected person. |
| “Sentenced To Isolation Prisons!” – College Students Across America Are Being Subjected To A Horrid Psychological Experiment“Sentenced To Isolation Prisons!” – College Students Across America Are Being Subjected To A Horrid Psychological Experiment Tyler Durden Mon, 08/31/2020 – 08:31 College, long a fun and liberating experience for many young adults, has, as The Ron Paul Insitute’s Adam Dick details below, become a dreary and oppressive experience for many students living under the weight of a multitude of restrictions imposed at American college campuses in the name of countering coronavirus. |
| S&P Set To Open At New Record High; Tesla, Apple Trade Post-SplitS&P Set To Open At New Record High; Tesla, Apple Trade Post-Split Tyler Durden Mon, 08/31/2020 – 08:13 The melt-up continues: S&P futures rose on Monday for the eighth session in a row alongside European markets, despite fading some of their earlier gains after setting fresh all time highs on Friday amid investor confidence that central bank support will prop up risk for years, setting up the S&P 500 for its best August in over three decades. |
| More Than Half Of Those Arrested During 7 Days Of Kenosha Unrest Were From Out Of Town, Police Chief SaysMore Than Half Of Those Arrested During 7 Days Of Kenosha Unrest Were From Out Of Town, Police Chief Says Tyler Durden Mon, 08/31/2020 – 07:12 “Largely peaceful” protests have continued in Kenosha, Wisconsin every night since Jacob Blake was shot by a local cop while purportedly reaching for a knife hidden in a vehicle (a vehicle which was also carrying his children at the time). Blake has reportedly been paralyzed from the shots – for now, at least – but an upsurge of pressure from the ACLU has at least prompted deputies to uncuff him from his hospital bed. |
| ‘100% Antifa’: Portland Police Investigate Suspect Identified By 4Chan Hours After Shooting; Sister Confirms‘100% Antifa’: Portland Police Investigate Suspect Identified By 4Chan Hours After Shooting; Sister Confirms Tyler Durden Mon, 08/31/2020 – 06:30 Portland police are investigating a 48-year-old man in the fatal shooting of a Trump supporter on Saturday night, according to Oregon Live, citing sources familiar with the case but not authorized to discuss it. He was also identified as the man captured in photos and video leaving the scene of the shooting just before 9 p.m. on Saturday. |
| Coronavirus: Last day for the Eat Out to Help Out discountBusinesses want the scheme to be extended, saying October and November are the “biggest worry”. |
| Price of plastic carrier bags in England to double to 10p next yearThe fee for single-use bags will rise to 10p and be extended to all shops from April 2021. |
| Coronavirus: ‘Covidiots’ criticised on Tui quarantine flightMask rules ignored by some on a flight that left nearly 200 facing self-isolation, passenger claims. |
| News: Former Prez Pranab Mukherjee no moreNews: Former Prez Pranab Mukherjee no moreWith a Heavy Heart , this is to inform you that my father has just passed away inspite of the best efforts of Doctors of RR Hospital & prayers ,duas & prarthanas from people throughout India, Tweeted, Abhijit Mukherjee. |
| SC to commence physical hearing of casesSC to commence physical hearing of casesThe SOP issued by secretary general Sanjeev S. Kalgaonkar of the top court said “On an experimental basis, and as a pilot scheme, physical hearing of matters may initially commence in three Court-rooms; eventually, number of matters or the number of Court-rooms may be increased or reduced, as the situation may warrant or permit”. |
| Average Indian saves Rs 5,520 in WFH: SurveyAverage Indian saves Rs 5,520 in WFH: SurveyAn average working professional in India is saving Rs 5,520 per month and 1.47 hours of travel time everyday while working from home, according to a survey by leading co-working space provider Awfis. About 74% of the respondents are willing to work remotely, which could be home or a cafe near home as it leads to significant cost and time saving. |
| Key Words: Dr. Fauci: It’s ‘conceivable’ we’ll know by November if a safe, effective vaccine is comingCOVID-19 has now infected more than 25 million people worldwide. |
| The Moneyist: ‘A man cave on wheels’: My husband’s RV is his pride and joy ” but he owes $75,000 on it. If he dies, am I liable for this debt?‘My concern is that, if something happens to him, I will end up with a lien on my home.’ |
| Dispatches from a Pandemic: ‘The perfect storm’: Charlotte, N.C., deals with life after the Republican National Convention amid the COVID-19 pandemic ” and braces for November’s election‘I am a raging pro-choice, pro-gay marriage, pro-everything social liberal, as far left you can get in this country. But I am also a proud pro-Second Amendment supporter,’ says Jonathan Lee, 46, an Uber driver. |
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