S&P 500, Nasdaq hit document highs as know-how shares climb

The S&P 500 hit another record high on Monday as the market continued to rise in the final days of August.

The broad market index rose 0.6% to hit a new intraday record high, and the Nasdaq Composite rose 1% for its own all-time high. The Dow Jones Industrial Average fluctuated between gains and losses in afternoon trading.

Key technology stocks led the way on Monday. Microsoft and Netflix each rose about 1%, while Apple rose 3%.

Affirm Holdings’ shares are now up more than 40% after the purchase, and the company later announced a partnership with Amazon on Friday. Amazon stock rose about 2%.

Financials weighed on the broader market, with Capital One down over 4% and Wells Fargo 2%. Airline stocks lost ground The European Union recommended that member states reintroduce a ban on non-essential travel to the US due to Covid-19.

PayPal’s shares surged more than 2% after CNBC reported that the company was exploring a stock trading platform for its US clients.

Monday and Tuesday mark the last two trading days in August. So far, the S&P 500 is up 2.6% in August. The Dow Jones Industrial Average and Nasdaq Composite are up 1.5% and 3.1% respectively this month.

The S&P 500 and Nasdaq Composite closed at all-time highs on Friday as investors breathed a sigh of relief after Fed chairman Jerome Powell signaled that bonds could expire this year, but the central bank is in no rush to lock rates raise.

Powell said inflation is solidly around the central bank’s 2% target rate, one of the targets of the Fed’s dual mandate; However, the Fed chairman also explained why he continues to believe that the current rise in inflation is temporary and will eventually decline to target levels.

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Based on statements from other Fed officials, the announcement could be cut back at the Fed’s September 21-22 meeting. Powell said the central bank had “a lot of ground to overcome” in order to achieve its other goal of maximum employment.

“With record GDP and earnings growth, rising inflation and highs in infection rates of the Delta variant, the Fed will feel more pressure to lift what is essentially the emergency monetary policy adjustment,” wrote Mike Wilson of Morgan Stanley, who will soon see a correction of 10 % sees the market. “We expect a more formal signal from the Fed at the FOMC meeting in September and the markets will likely anticipate it. That means higher rates and lower stock valuations.”

Stocks could stay broadly in range until Friday’s August job report release. Economists polled by Dow Jones estimate that 750,000 jobs were created in August and the unemployment rate has fallen to 5.2%.

With the Fed’s meeting in Jackson Hole looking back, investors are now focusing on the performance of stocks for the final months of the year. The S&P 500 is up more than 20% in 2021, but the market is also absorbing top policy momentum, top profit accelerations, and top reopening momentum.

However, a slowdown in earnings and economic growth could continue to be a positive environment for equities.

“Even if the economy slows down slightly, the profit profile is clearly strong. Even with some weakening of these sky-high values, they will still be high enough to provide a conducive environment for stocks. In other words, a weakening of great attitudes too good, “Bank of America researchers said in a message to customers.

Oil futures were lower and gasoline futures were slightly higher than a minimal reaction to Hurricane Ida, which hit land over the weekend.

Zoom Video is supposed to report on the earnings on Monday after the bell.

Nene Leakes Says Husband Gregg Leakes Is “At Dwelling Dying” Amid Most cancers Battle

“Real Housewives of Atlanta” star Nene Leakes recently gave a grave update on her husband Gregg Leakes’ health. Over the weekend, a TikTok video began circulating on social media that shows Nene speaking at her Atlanta lounge The Linnethia.

Nene grabbed the microphone to respond to a guest who allegedly called her rude. She asked the crowd to give her son and herself love at this time because Gregg is “transitioning to the other side.”

“You don’t know what we’re dealing with right now,” Nene said in the recording. “When people approach and say, ‘You’re rude because you don’t want to say happy birthday,’ my husband is at home dying. I don’t want to say ‘happy birthday.’”

In a June interview with The Jasmine Brand, Nene shared that Gregg had spent about a week in the hospital. He was undergoing surgery after his cancer returned. Although she expected him to be out within a week, Entertainment Weekly reports that he remained in the hospital for six weeks. News of his battle with Stage III colon cancer first broke in 2018. The following year Gregg went into remission.

Nene did not address the circulating video, but the reality television favorite did make a rather sad post to her Instagram page. She shared the word “broken” along with the praying hands and broken heart emoji.

By Monday morning, the post had received more than 38,000 comments and over 170,000 likes.

Nene and Gregg are longtime lovers who married in 1997, called it quits in 2011 and found love in each other again leading to a second wedding in 2013, according to Entertainment Weekly. Although Gregg appears alongside Nene on television, he also boasts a career as a real estate investor.

This is a developing story.

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CDC panel debates the necessity for booster vaccinations for Covid vaccines

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A key advisory group from the Centers for Disease Control and Prevention meets Monday to consider booster coverage of Covid-19 vaccines for all eligible Americans.

The CDC Advisory Committee on Immunization Practices meets after President Joe Biden said Friday that U.S. regulators are considering giving Covid booster vaccinations five months after the primary vaccinations are completed and the expected schedule for a third vaccination by three months move.

Scientists have sharply criticized the Biden administration’s push to distribute booster syringes widely, saying that the data provided by federal health officials is not convincing enough to currently recommend a third vaccination to most of the American population.

The Biden administration has publicly stated that the third dose will not be carried out without FDA approval and a vote by ACIP.

The advisory group is also due to vote on Monday on the full approval of Pfizer’s Covid vaccine for Americans 16 and older.

Amelia Hamlin trolls Lisa Rinna and Harry Hamlin with a nude photograph

Amelia Hamlin don’t know how to feel after discovering parents Lisa Rinna and Harry Hamlin relaxed in their birthday suits.

The 20-year-old model shared a photo with her Instagram story on Saturday, Aug. 28, showing the longtime couple standing across from her while soaking in their hot tub. According to Amelia’s post, Lisa and Harry were skinny at the time.

“I just found that my parents were having a thin bath in the jacuzzi and I knew if I was traumatized as if” [it’s] sweet, “Amelia wrote of the shot below.

The day before, Lisa posted a photo of herself and Harry in the hot tub on Instagram, even though the Melrose Place star was clearly wearing a swimsuit in that picture.

Amelia and her parents have been embroiled in a playful battle of words recently after Lisa complained about Amelia’s relationship Scott Disickwho is 18 years older than the model.

Barack Obama Makes Assertion on Kabul Assault: “Heartbroken”

Former U.S. President Barack Obama is hosting a drive-in rally for Democratic presidential candidate and former Vice President Joe Biden on October 27, 2020 in Orlando, Florida.

Eva Edelheit | Reuters

WASHINGTON – Former President Barack Obama made a formal statement on Afghanistan on Friday, his first since the U.S. military entered the final stages of its withdrawal from the country two weeks ago.

Obama said he and former first lady Michelle Obama were “heartbroken when they heard of the terrorist attack outside Kabul airport that killed and wounded so many US soldiers and Afghan men, women and children.”

“As president, nothing was more painful than mourning with the families of the Americans who gave their lives for our country,” he said.

Obama continued, “As President Biden said, these soldiers are heroes who have embarked on a dangerous, selfless mission to save the lives of others.”

That line served as a rhetorical nod to Obama’s former vice president and essentially confirmed that Biden is now in charge.

Obama’s testimony came the same day the Navy Corpsman Maxton Soviak family confirmed he was one of the dead.

“We also think of the families of the deceased Afghans, many of whom stood by America and were ready to risk anything for a chance for a better life,” said Obama.

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Obama is the last of the four US presidents who led the US 20-year war in Afghanistan to comment on the situation.

He is also the president who sent an additional 30,000 American soldiers into the country in late 2009, a decision that his then Vice-President Biden firmly opposed.

At the time, Obama believed that US firepower could sustain Afghanistan’s fragile, corrupt post-Taliban government.

Eleven years later, that government collapsed within hours when the Taliban retook Kabul on August 15 without firing a single shot.

Obama did not mention the entire evacuation effort in his statement on Friday. But earlier this year he said he strongly supported Biden’s decision to end America’s longest war.

“After nearly two decades of putting our troops in danger, it is time to acknowledge that we have accomplished all we can militarily and that it is time to bring our remaining troops home” Obama said on April 14th.

The two Republicans who led the war, George W. Bush and Donald Trump, have both openly opposed Biden’s decision to withdraw American troops – albeit in different ways.

Bush, who started the war shortly after the September 11, 2001 terrorist attacks, said he feared for the country’s women and girls who are facing almost certain repression due to the Taliban’s fundamentalist interpretation of Islamic law.

Bush in July also painted a bleak picture of what awaited Afghans who had worked for the US-led coalition over the past two decades.

“I think of all the interpreters and people who have helped not only the US forces but also the NATO forces, and they are simple, it seems like they are just being left behind to be butchered by these very brutal people and it breaks my “heart”, Bush told Deutsche Welle.

Trump has taken a different path, making a number of statements over the past few weeks that skew his own record and falsely accuse Biden of withdrawing American troops in front of US civilians. Trump has also tried to label refugees evacuated from Afghanistan as “terrorists”.

Covid — not vaccination — presents largest blood clot threat: examine

A nurse works in a COVID-19 patient’s room during a tour of SSM Health St. Anthony Hospital’s intensive care unit (ICU) amid the coronavirus disease (COVID-19) pandemic in Oklahoma City, August 24, 2021.

Nick Oxford | Reuters

The risk of rare blood clotting is significantly higher as a result of catching Covid-19, than it is from being vaccinated against the virus, a new study has found.

In a peer-reviewed study published in the British Medical Journal on Friday, researchers from Oxford University, the London School of Hygiene and Tropical Medicine and several other British universities and hospitals analyzed data from more than 29 million people who had received their first dose of either the Oxford-AstraZeneca vaccine or the Pfizer-BioNTech vaccine. The study’s authors were fully independent from the Oxford-AstraZeneca vaccine developers.

Scientists looked into rates of thromboembolic events – blood clots – and thrombocytopenia, a condition with low platelet counts. Rare blood clotting with low platelet levels has been associated with the Oxford-AstraZeneca Covid-19 vaccination.

The paper compared rates of rare blood clotting after a first vaccination dose and following a positive Covid-19 test.

Researchers found that the risk of these adverse events was “substantially higher” following Covid-19 infection than it was after receiving either the Oxford-AstraZeneca or the Pfizer-BioNTech vaccine.

The data

In the eight to 28 days after a first dose of the Oxford-AstraZeneca vaccine, researchers identified an increased risk of rare blood clotting events and low platelet counts. In the same time period after a first dose of the Pfizer-BioNTech vaccine, the study found the risk of blood clots and strokes caused by restricted blood flow to the brain (ischaemic stroke) increased.

However, these risks were significantly lower than the risks posed by Covid-19 infection.

Researchers estimated that 107 out of 10 million people would be hospitalized or die from low platelet counts within 28 days of receiving a first dose of the Oxford-AstraZeneca vaccine. By contrast, that number rose to 934 people per 10 million following a positive test for Covid-19.

Within 28 days of a first dose of the Oxford-AstraZeneca vaccine, 66 people per 10 million were hospitalized or died from blood clots in the veins, compared to 12,614 per 10 million who had tested positive for the virus.

Meanwhile, an estimated 143 people per 10 million were hospitalized or died of ischaemic stroke in the 28 days after a first dose of the Pfizer-BioNTech vaccine, compared to 1,699 who had tested positive for Covid-19.

The risks also remained elevated for a longer period after contracting the coronavirus than it did following vaccination, the study concluded.

The study analyzed routinely collected electronic health records to evaluate the risk of hospital admission for blood clots and low platelet counts within 28 days of infection or vaccination.

The data used in the study was collected across England between Dec. 1, 2020 and April 24, 2021. Patients who were still in hospital by the end date of the study were excluded from the study.

Vaccine trials ‘unlikely’ to detect very rare side effects

All of the Covid-19 vaccines currently in use in the U.S. and U.K. have been tested in randomized clinical trials, which were unlikely to be large enough to detect very rare adverse events, researchers noted on Friday.

When rare events are uncovered, regulators perform a risk-benefit analysis to weigh the adverse effects against the benefits of receiving the vaccine, the study’s authors added.

The U.K.’s Joint Committee on Vaccination and Immunisation has consistently said that the benefits of the Oxford-AstraZeneca vaccine continue to outweigh the risks for the vast majority of people.

Multiple health authorities, including the WHO, the European Medicines Agency and the International Society on Thrombosis and Hemostasis have also agreed that the benefits of administering the vaccine outweigh the risks.

“People should be aware of these increased risks after Covid-19 vaccination and seek medical attention promptly if they develop symptoms, but also be aware that the risks are considerably higher and over longer periods of time if they become infected with SARS-CoV-2,” Julia Hippisley-Cox, professor of clinical epidemiology and general practice at the University of Oxford and lead author of the paper, said in a press release.

“This enormous study has shown that there is a very small risk of clotting and other blood disorders following first dose Covid-19 vaccination. Though serious, the risk of these same outcomes is much higher following SARS-CoV-2 infection,” Aziz Sheikh, professor of primary care research & development at The University of Edinburgh and a co-author of the paper, added.

According to the U.K. government, symptoms to watch out for include a new, severe headache that is not relieved by usual painkillers, a headache that worsens when lying down or bending over, unexplained pinprick bruising or bleeding, shortness of breath and leg swelling.

Hurricane Ida makes landfall in Louisiana as a powerful Class four storm

Traffic moves bumper to bumper along I-10 West as residents evacuate towards Texas before the arrival of Hurricane Ida in Vinton, Louisiana.

Adrees Latif | REUTERS

Hurricane Ida made landfall in Louisiana on Sunday as a Category 4 storm with winds of 150 miles per hour, one of the strongest storms to hit the region since Hurricane Katrina, the National Oceanic and Atmospheric Administration said.

Ida has since dropped to a Category 1 storm with maximum sustained winds of 95 miles per hour. In the last hour, the storm was about 45 miles northwest of New Orleans and roughly 30 miles east-southeast of Baton Rouge, Louisiana, the National Hurricane Center said.

Late Sunday, President Joe Biden approved a major disaster declaration for Louisiana, unlocking federal funding for recovery efforts.

While the storm is expected to weaken rapidly over the next day or so, the NHC said Ida is projected to remain a hurricane for several more hours. The NHC warned that a life-threatening storm surge is expected to continue overnight from Burns Point, Louisiana, to Ocean Springs, Mississippi, and could potentially topple local levees.

The NHC said winds will likely damage trees and trigger power outages as Ida continues to move inland over southeastern Louisiana. Heavy rainfall is expected through Monday across southeast Louisiana, coastal Mississippi as well as southwestern Alabama, and could trigger “considerable to life-threatening flash and urban flooding.”

As of early Monday, more than 1 million Louisiana utility customers are without power, according to PowerOutage.us. On Sunday evening, New Orleans said the entire city lost power after “catastrophic transmission damage.”

Ida made landfall on the anniversary of Katrina, the dangerous Category 3 storm that devastated Louisiana and Mississippi 16 years ago, killing more than 1,800 people and causing $125 billion in damage.

The strength and path of Ida will be a significant test of New Orleans’ post-Katrina flood defenses, including levees, flood walls and gates that were built to provide storm protection. Katrina had caused levee breaches and catastrophic flooding in New Orleans.

Ida has also triggered concerns about the city’s hospitals, which are already overwhelmed with Covid-19 patients and have little room for evacuated patients. In Galliano, Louisiana, the struggle to care for patients as the storm roared ashore was exacerbated after a part of the roof of Lady of the Sea General Hospital blew off.

Ida intensified so quickly that officials didn’t have time to order mandatory evacuations. New Orleans Mayor LaToya Cantrell ordered a mandatory evacuation for a small area of the city outside the levee system, but said there wasn’t time to issue one for the whole city.

Shelters in Louisiana will run at reduced capacities due the pandemic, though state officials are working to secure hotel rooms for evacuees.

All Sunday flights were also canceled due to the approaching storm, the New Orleans Airport said Saturday.

Water enters a beach house as Hurricane Ida makes landfall in Grand Isle, Louisiana, U.S. August 29, 2021 in this still image taken from social media video. Christie Angelette via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT

Christie Angelette | Christie Angelette via REUTERS

President Joe Biden has declared a state of emergency for Louisiana and Mississippi, a move that authorizes the Department of Homeland Security and Federal Emergency Management Agency (FEMA) to coordinate all disaster relief efforts.

“The storm is a life-threatening storm,” the president said during a briefing at the FEMA headquarters on Sunday. “Its devastation is likely to be immense. Everyone should listen to the instructions from local and state officials.”

Louisiana Gov. John Bel Edwards on Sunday afternoon requested a presidential major disaster declaration from Biden after the storm slammed into the state’s coast.

“Hurricane Ida is one of the strongest storms to ever hit Louisiana,” Edwards said in a statement. “It is our goal to assist our local agencies and the citizens of the state as quickly as possible, and we have pre-positioned search and rescue teams, boats and other assets to begin helping people as soon as it is safe.”

A resident takes home sandbags from a city run sandbag distribution location at the Dryades YMCA along Oretha Castle Haley Blvd., Friday, Aug. 27, 2021, in New Orleans, as residents prepare for Hurricane Ida.

Max Becherer | The Times-Picayune | The New Orleans Advocate via AP

Damaging winds will spread into southwestern Mississippi on Sunday night and early Monday, likely causing widespread tree damage and power outages, and heavy rainfall and is expected across the central Gulf Coast, the Hurricane Center said.

As the storm moves inland, significant flooding is forecast across portions of the Lower Mississippi, Tennessee Valley, Upper Ohio Valley, Central Appalachians and the Mid-Atlantic through Wednesday, according to the Hurricane Center.

Ida is the first major storm to hit the Gulf Coast during the 2021 Atlantic hurricane season. The Atlantic hurricane season of 2020 was the most active on record, with 30 named storms, 13 of which were hurricanes.

Scientists warn of increasingly dangerous hurricane seasons as climate change fuels more frequent and catastrophic storms. NOAA expects the 2021 season to see between 15 and 21 named storms, including seven to 10 hurricanes.

This story is developing. Please check back for updates.

— CNBC’s Christine Wang contributed to this report.

‘Manifest’ was prolonged for season 4 on Netflix after it was canceled by NBC

‘Manifest’ rocked us all to get on a plane as the show grew in popularity over the past few months and the news that the show was canceled by NBC rocked a lot of our roommates! Well, it looks like ‘Manifest’ will live on after all.

According to Deadline, Netflix recorded ‘Manifest’ for its fourth season after NBC booted the show off the network. The new season will consist of 20 episodes, which will be split into several parts in true Netflix fashion.

It’s pretty rare for a canceled show to be picked up by another network, but fans didn’t play through this one! Shortly after the news broke, “Manifest” fans started the #SaveManifest movement on Twitter and kept viewers high on Netflix after the show was posted on the platform in April.

“Since it premiered on Netflix in June, Manifest has proven very popular with our embers,” said Bela Bajaria, Head of Global TV at Netflix. “Jeff Rake and his team have created a bewitching master who keeps audiences around the world in suspense and believes in second chances again. ”

Couldn’t let such an important day go uncelebrated as it is today.

Manifesto will officially return for an oversized fourth and final season, only on Netflix! pic.twitter.com/HGns7vCvhX

– Netflix (@netflix) August 28, 2021

Jeff Rake thanked fans and Netflix for their dedication to bringing the series to a proper ending after her cancellation left fans with many unanswered questions.

“What started as my imagination soaring years ago has grown into the jet engine journey of my life,” said Rake. “Never in my wildest dreams could I have imagined that this attempt, its characters and the team that work so hard to bring everything to life would radiate love and support from around the world. The fact that we can reward the fans with the well-deserved ending never moves me. On behalf of the cast, crew, writers, directors and producers, I thank Netflix, Warner Bros. and of course the fans. You did that. “

It’s unclear when the season will start, but stay with us for updates!

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James Corden Hip-Thrusting in a mouse costume makes the web buzz

Another person quipped, “I was taking my son to the emergency room when James Corden stopped traffic.

“I honestly don’t know how I would deal with James Corden dancing in front of my car,” commented someone else, while another user joked hilariously, “we have to stop fooling around and have another lockdown. The risk of being caught by a James Corden flash mob is just too high. “

Although many shared cheeky tweets and made fun of James the British actor, Adil Ray |, came to the defense of the star.

“Why this Twitter hatred for James Corden?” Adil wrote. “Get off your fucking phones, get off the social networks and get on the boards and win a Tony, co-write one of the most watched shows in years and make a huge hit with one of the toughest gigs in America on TV, then talk.”

Biden Despatched A whole lot Of Ambulances And Thousands and thousands Of Meals And Liters Of Water Earlier than Ida Hit

Competent and prepared President Biden sent hundreds of ambulances, millions of meals, and liters of water before Hurricane Ida arrived.

FEMA gave a list to reporters of supplies as provided to PoliticusUSA:

200 ambulances

139k tarps (includes tarps sent to Mississippi)

3.5 million meals (includes meals sent to Mississippi)

2.5 million liters of water

22 federal agencies are supporting the effort.

Millions more meals and liters of water are on their way.

President Biden pledged to put the country’s full might behind the rescue and recovery from Hurricane Ida:

Biden pledges to put, “the country’s full might behind the rescue and recovery” after Hurricane Ida passes. https://t.co/uyVDiEuLX4Image

President Biden isn’t sitting in the Oval Office changing hurricane paths with Sharpies. He isn’t going to FEMA to sell baseball caps or stealing money from FEMA just before a hurricane arrives.

This is what presidential leadership looks like.

Previous Republican presidents like George W. Bush and Donald Trump failed to lead as American citizens lost their lives in natural disasters.

President Biden is managing both a dangerous withdrawal from Afghanistan and a life-threatening, historic hurricane in the Gulf.

Biden isn’t just walking and chewing gum as the political cliché goes. He is saving lives both at home and abroad with true presidential leadership.

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Mr. Easley is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association