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The Dow Jones Industrial Average dropped several hundred points upon opening Friday morning hours after President Donald Trump confirmed he had been diagnosed with COVID-19.The Dow Jones Industrial Average sank more than 200 points immediately upon opening at 9:30 ET Friday morning. The market remains down about 150 points as of 10 a.m. ET on Friday. 360

The federal government says the fund providing a 0 weekly unemployment insurance boost is running out, but all eligible unemployed workers will still get their share. The Federal Emergency Management Agency says the jobless boost will end up providing benefits for just six weeks. The program was created last month by President Donald Trump to replace a more generous 0-a-week supplement that had been authorized by Congress but expired. So far, billion of the billion set aside for the program has been sent to states and U.S. territories. 563

The Democratic National Convention gets underway this week. Republicans will hold their convention next week. While this year's convention is virtual for both parties, have you asked yourself what's the point of these anyway?CONVENTIONS YEARS AGO WERE DIFFERENT Americans have known for months that Joe Biden is going to be the Democratic nominee and that Donald Trump would be the Republican nominee. However, before political parties started relying on primaries, conventions were the place the nominee was decided.In 1856, it took Abraham Lincoln three rounds of voting to become the Republican nominee. In 1924, Democrats needed 103 ballots over 16 days to pick John Davis as their party nominee.CONVENTIONS PURPOSE In 1948, networks began televising conventions and since then, many argue conventions have become taxpayer-funded spectacles for insiders. While taxpayers are no longer directly funding conventions, they are paying for security. In 2016, it was estimated that around 0 million of taxpayer funds were spent on convention security. 1952 was the last year both political parties had a contested convention; however, party insiders believe conventions still play a pivotal role. Conventions are where networking can take place and where delegates can debate the party platform. It's also a place where training sessions can occur and speeches can take place. Could Barack Obama have become president in 2008 without his speech at the 2004 convention? Sure, it's possible, but that speech was credited with making the Illinois state senator a household name. WILL 2020 CHANGE CONVENTIONS? With the events now online, after these next two weeks, both parties will likely sit down and see if in-person conventions need to be changed at all. Do parties need a full week of expensive arena space? Or would that money be better spent on staffing in swing states? Will Americans tune in like they did in 2016 this year? These are just some of the questions that will be asked following the conventions. 2023

The confirmation hearing for Supreme Court Nominee Amy Coney Barrett are officially scheduled to begin October 12 at 9 a.m.The head of the Senate Judiciary Committee, Senator Lindsey Graham, announced this start date in the days following Barrett’s confirmation. However, there were questions after three Republicans on the committee reported they tested positive for the coronavirus in the last few days.They are Senators Ron Johnson of Wisconsin, Thom Tillis of North Carolina and Mike Lee of Utah.After a day of opening statements from committee members and Barrett herself, questioning of the nominee will begin October 13. The Hill is reporting Barrett is expected to testify in person at the hearing.The committee vote on moving Barrett’s nomination to the full senate could be as early as October 22.Senate Minority Leader Chuck Schumer said if the hearings go forward, Graham should require coronavirus testing for senators and their staffs. He suggested mandatory testing every day of the hearing.Senate Majority Leader Mitch McConnell over the weekend announced the full senate will not return until October 19, mentioning that hearings already this year have included lawmakers participating remotely.No word from Graham if there will be increased safety protocols for the committee or if any of the senators will participate remotely.Also, Senator Graham tweeted Monday morning he had spoken with President Donald Trump. “He sounds terrific -- very engaged and ready to get back to work! He’s also very excited about Judge Amy Coney Barrett being confirmed to the Supreme Court and focused on a good deal to help stimulate the economy,” Graham tweeted. 1672

The funeral for Aretha Franklin will be held August 31 in Detroit, according to the singer's publicist, Gwendolyn Quinn.The service, for family and friends, will be held at 10 a.m. ET that day at Greater Grace Temple.Public viewings will be held August 28 and 29 from 9 a.m. to 9 p.m. at the Charles H. Wright Museum of African American History in Detroit, Quinn said.Franklin will be entombed at Woodlawn Cemetery in Detroit.The legendary soul singer died Thursday from advanced pancreatic cancer. She was 76. 518

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