S&P 500 Creeps Towards A Record, Postal Problems, Whale Watching, Trump Administration vs. China Tech

Published: Aug. 17, 2020, 2:20 p.m.

b'Carl Quintanilla and Jim Cramer discuss the market gains, as the S&P continues to creep toward a record high after railing to notch it last week.\\xa0Goldman\\u2019s David Kostin boosting his S&P target by 20% raising his forecast to 3,600 from 3,000.\\xa0The U.S. Postal Service is front and center as Democrats are calling for its chief to testify at an \\u201curgent\\u201d Congressional hearing over elections concerns.\\xa0House Speaker Nancy Pelosi says she\\u2019s calling the House back to vote on a bill that would prohibit the Postal Service from implementing nay changes to its operations or level of service.\\xa0Plus, Carl & Jim go whale watching.\\xa0Buffett\\u2019s Berkshire Hathaway making a new investment in Barrick Gold, while cutting its stakes in Wells Fargo, JPMorgan Chase, as well as completely exiting its investment in Goldman Sachs. Pershing Square\\u2019s Ackman increasing his stakes in Restaurant Brands and Lowe\\u2019s in the second quarter.\\xa0Tepper loads up on new stakes in AT&T, Visa, PayPal, Disney and Mastercard. And Third Point takes stakes in Activision & Facebook.\\xa0The President is continuing his push against Chinese tech companies, saying he\\u2019s considering a ban on Alibaba.\\xa0And a report out of Reuters saying the U.S. is going to be tightening restrictions on Huawei\\u2019s access to technology & chips.'