Trump campaign tightens grip at second night of scaled convention
The Republican National Convention resumes with a diverse lineup praising Donald Trump as the nation faces the COVID-19 surge and high unemployment. Melania Trump and Tiffany Trump headline a Rose Garden address while a pardoned felon and several GOP allies share the stage. A video of Jon Ponder’s pardon is shown, and speakers stress second chances amid questions on immigration, the pandemic, and election stakes.
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Labor market faces rebound with4H significant rehiring
Goldman Sachs projects nearly one quarter of temporarily laid off workers could become permanent as rehiring drives a May to December recovery. The bank notes about 9.2 million workers remain on temporary layoff, with 5.6 million net job gains forecast later this year.
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S&P 500 reaches new record as markets rally
The S&P 500 rose 12.34 points to 3,443.62, its fourth straight gain, while the Dow fell 60.02 to 28,248.44 and the Nasdaq gained 86.75 to 11,466.47. Mixed data showed consumer confidence slipping while new home sales accelerated, reflecting a still-recovering economy ahead of a vaccine timetable.
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