It's Tuesday, August 6th, 2024.

Still not sure if we're on the leading edge of recession.

Today is the day.

Supposedly, Kamala's Veep stakes conclude, and everything's totally fine at the border.

Next on the AM update.

367 days ago. All that, ladies and gentlemen and everyone else, that is called Bidenomics.

That is Kamala Harris, 367 days ago talking about the new phenomenon called binomics.

The Dow Jones yesterday tumbled

a thousand points, S&P 500. We're down and posted its worst day since 2022. The NASDAQ was down

by around 1,000 points at one point, but rebounded to finish down around 500 points.

The biggest losers yesterday were InVIDIA, who lost 11% of its market value.

Alphabet, Google, lost around 11%. Apple was down 10%, meta down 10%. That's Facebook. Tesla,

Amazon, Microsoft, all down around 10% yesterday. It's unclear, again, what exactly caused the

sell-off yesterday other than the jobs report spooking everyone late last week, and the Japanese Nikai and its major sell-off over the weekend, just actually sending people into a panic.

Goldman Sachs has increased its prediction of a U.S. recession in the next 12 months up from 15% to 25%.

This is just going to be something we'll have to watch this week.

If the sell-off continues for day in and day out, then it's time to get concerned.

But as of now, it seems like just a little panicky correction.

I mentioned today is the day that Kamala Harris is due to

reveal her vice presidential running mate. It sounds like it's down to two governors, Minnesota

Governor Tim Walls and Pennsylvania Governor Josh Shapiro. I really don't know which one she's

going to choose. It seems like, at least heading into the evening hours yesterday,

...