Updated: Jun 11
-Nasdaq hits 10,000 for the first time ever, closes at record high as Apple and Amazon soar
The Nasdaq composite index briefly traded above 10,000 for the first time ever Tuesday before slightly paring some gains as tech stocks continue to rally as investors bet on their strength amid the economic reopening.
The tech-heavy index rose as much as 0.7% to an all-time intraday high of 10,002.50, a key level for the index. This year, the Nasdaq has led the major US indexes in recovering from the coronavirus-induced market meltdown — it was the first to erase losses year-to-date, and the first to surpass its February high.
A number of big tech companies hit all-time highs Tuesday, fueling the Nasdaq's record gains. Shares of Apple surged nearly 4% to a record high on reports that the company will use its own processors in its Mac computers. Amazon shares also gained nearly 3% Tuesday to an all-time high.
-George P. Bush, Jeb Bush’s Son, Will Vote For Trump In November
Texas Land Commissioner George P. Bush (Ha, got you. Sorry, we couldn’t help it.), the son of former Republican Florida Gov. Jeb Bush, says he will vote for President Donald Trump in November and plans to formally endorse the president’s reelection.
Bush, the nephew of former President George W. Bush, told The Dallas Morning News that he will vote for Trump again, as he did in 2016, citing the economy and Trump’s response to coronavirus.
-Trump says his administration 'will not even consider' renaming military bases named for Confederates
In a series of tweets on Wednesday afternoon, Trump called the bases named after Confederate soldiers “Hallowed Grounds” that helped train soldiers to win two world wars. He said his administration “will not even consider the renaming of these Magnificent and Fabled Military Installations.” “These Monumental and very Powerful Bases have become part of a Great American Heritage, and a history of Winning, Victory, and Freedom,” Trump tweeted. “Therefore, my Administration will not even consider the renaming of these Magnificent and Fabled Military Installations. Our history as the Greatest Nation in the World will not be tampered with. Respect our Military!”
We who have picked this hill to die on, who have chosen to speak out for the rights of women, girls, and boys who end up suckered into this fantasy that biological sex is mutable, salute Rowling. J.K. Rowling has held the line on refuting transgender rhetoric, and for gender-critical women and real feminists, this is a glorious moment. We, the gender-critical, the terfs, those women who have spoken up over and over, are finally witnessing the manifestation of an ally who is simply too big to cancel. Rowling has tweeted, which is about as public as you can get these days, that men cannot become women and women cannot become men because biological reality is real.
Her statement contains no ambiguity. Rowling writes, “If sex isn’t real, there’s no same-sex attraction. If sex isn’t real, the lived reality of women globally is erased. I know and love trans people, but erasing the concept of sex removes the ability of many to meaningfully discuss their lives. It isn’t hate to speak the truth.”
-TWEET FROM POTUS: Radical Left Governor @JayInslee and the Mayor of Seattle are being taunted and played at a level that our great Country has never seen before. Take back your city NOW. If you don’t do it, I will. This is not a game. These ugly Anarchists must be stooped IMMEDIATELY. MOVE FAST!
and the Mayor of Seattle are being taunted and played at a level that our great Country has never seen before. Take back your city NOW. If you don’t do it, I will. This is not a game. These ugly Anarchists must be stooped IMMEDIATELY. MOVE FAST!
-Baltic nations brace for US troop withdrawal as Russia waits and watches
As President Trump weighs a decision to withdraw nearly one-third of America’s troops from Germany, the Baltic states closest to Russian aggression quietly hope American troops do not leave the European theater.
-US Businesses Going Full Steam Ahead With Hiring
The U.S. labor market made a stunning comeback in May, beating expectations by 10 million jobs. As states begin to reopen, business owners are turning more optimistic about the future, signaling that the pandemic-induced recession may be short-lived.
The U.S. economy added 2.5 million jobs last month as states started to ease lockdown restrictions. The strong employment numbers shocked economists who had forecast nearly 8 million job losses in May.