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5 Things To Know In America 8/12/2020 This Morning

Senator Kamala Harris made history to become the first woman of color to be nominated as Vice President for The United States of America. She was picked by Joseph Robinette Biden Jr., the democratic party nominee for the presidential election on Tuesday, November 3, 2020. She is the first Black woman and the first person of Indian descent to be nominated for national office by a major party. Her father is from Jamaica and the mother from India.

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The United Kingdom becomes the first major economy in the world, to experience a recession after a 20.4% drop this quarter. A combination of factors such as Brexit and the coronavirus impact is putting a serious dent in the UK economy. Certainly, the road to economic recovery will be very slow.

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Russia continues to face push back after the surprise announcement of its coronavirus vaccine. In fact, the vaccine is yet to be validated by any credible international organizations that are in part because the vaccine is yet to complete phase III trials in which large numbers of people are given doses to determine whether it is safe and effective in a general population. The only thing we know about the vaccine is the name: dubbed Sputnik-V. In reference to Sputnik 1 the first artificial earth satellite launched by The Soviet Union on October 4th, 1957.

More than a rush to develop a viable vaccine to save humanity. It has turned into a race for scientific and technology supremacy among nations. In any case, the world is holding its breath

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Tesla announcement sent its stock (TSLA) jumping as much as 8% in after-hours trading. The move makes stock ownership more accessible to employees and investors.

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The stock split will happen on Friday August 28th and the stock will resume trading the following Monday.

In any case, Tesla joins a growing number of major US companies that are either announcing a stock split or have done it. One of the high profile announcements came from Apple (APPL) 4-for-1 split effective August 31, 2020.

The ultimate goal is to raise more cash to guarantee future growths and bulletproof themselves against the current uncertainty.

Perseid Meteor happened last night with incredible moments. For a moment the sky reminded us of all the beauties in the world.

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Courtesy: FOX 2 St. Louis

Keep yourself updated visually with the most important stories in America

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