What President Obama has to achieve with his DNC speech

What President Obama has to achieve with his DNC speech
News from CBS News:

(CBS News) President Barack Obama takes the stage Thursday night to accept the Democratic nomination, and to try to convince voters that he deserves a second term.

His memorable speeches helped get him elected in 2008. But with this race as close as it is, does Mr. Obama have to top his previous best oratory to give himself a bump, as he leaves this convention and heads out to the final weeks of his last campaign?

Democratic Convention 2012
Campaign 2012

President Obama is known as one of the greatest orators of his generation. Eight years ago, his speech-making first catapulted him to national prominence.

In the 2004 Democratic National Convention, Mr. Obama told the audience and the nation, “In the end, that’s what this election is about. Do we participate in a politics of cynicism or a politics of hope?”

At every point in his career when he’s been in trouble, the president has pulled himself out of the hole with a speech. After he lost the new Hampshire primary in 2008, he coined the famous phrase that would define his campaign, by saying, “We will begin the next great chapter in the American story, with three words that will ring from coast to coast, from sea to shining sea: Yes, we can.”

It beca…………… continues on CBS News

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Wall Street higher ahead of ECB bond plan, Amazon in focus
News from Proactive Investors USA & Canada:

7:30 am by Joyanta Acharjee

U.S. stocks ended little changed Wednesday.

U.S. equity markets looked set to open higher Thursday as investors await an announcement from the European Central Bank and a batch of reports on the U.S. labor market.

In pre-market trading, the Dow Jones Industrial Average gained 0.5% to 13,117 points, the S&P 500 Index was up 9 points to 1,413.15 and the NASDAQ added 17 points to reach 2,785.15.

U.S. stocks ended little changed Wednesday.

The ECB is expected to announce details of a new bond-buying program for euro-area governments in a bid to bring the continent’s debt crisis under control. The program is expected to be aimed primarily at Spain and Italy, where bond yields rose to unsustainable levels in July. 

Investors will also be paying especially close attention to the Friday jobs report since it will likely influence the ’s decision on whether it will announce more quantita…………… continues on Proactive Investors USA & Canada

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