Building On A Record-Setting Week, COVID-19 Developments, Apple Boost, Bidens Tax Plans

Published: Aug. 24, 2020, 2:10 p.m.

b'Carl Quintanilla, Jim Cramer, David Faber discuss the surge in stocks, building on a record-setting week. The latest coronavirus developments driving the moves in the major averages. The Trump administration granting emergency authorization for a coronavirus plasma treatment.\\xa0The White House is also considering fast tracking the COVID-19 vaccine candidate being developed by AstraZeneca and Oxford University, according to the Financial Times.\\xa0Shares of Apple getting a boost ahead of its \\u201crecord date\\u201d for its recently announced four-for-one stock split, applying to shareholders of record as of the close of business today.\\xa0Plus, Morgan Stanley\\u2019s Katy Huberty increasing her price target to a street high of $520, from $431.\\xa0Democratic presidential nominee Joe Biden and his running mate Senator Kamala Harris sitting down for their first joint interview with ABC\\u2019s David Muir.\\xa0Biden discussing his plans on the tax front saying, \\u201cI will raise taxes for anybody making over $400,000,\\u201d adding that there will be \\u201cno new taxes\\u201d for those making under $400,000.\\xa0And airlines moving higher, as Delta announces it\\u2019s going to reinstate 50 international flights to its schedule this winter. Plus, a report that says American Airlines will receive EPA approval today to use a new surface coating that kills the coronavirus.'