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SMW for 8 August 2024



AT THE CLOSING BELL ON 8 August 2024


Dow Jones 39,446.49 +683.04 (1.76%)
S&P 500 5,319.31 +119.81 (2.30%)
Nasdaq 16,660.02 +464.22 (2.87%)

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

After years of Democrats rethinking what they were and a campaign in which they had lost John Lewis and Ruth Bader Ginsburg, Biden got Democratic control over his agenda by way of a Black preacher and a Jewish documentarian who flipped both of the Senate seats of a state that hadn’t been blue since Biden passed the crime bill. Raphael Warnock was Lewis’s preacher, Jon Ossoff had been Lewis’s intern. They were the first elected Black and Jewish senators from the southern state, winning a week after Trump became one of the few presidents to have a veto overridden, after he refused to sign the defense funding bill, with one of his main complaints being that it stripped the names of Confederate generals from military bases. Warnock went to the Senate straight from Martin Luther King Jr.’s pulpit; Ossoff became the youngest senator since a guy named Joe Biden.

Edward-Isaac Dovere. Battle for the Soul: Inside the Democrats' Campaigns to Defeat Trump. Viking/Penguin. © 2021.