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"Her story is America's story": Joe Biden introduces Kamala Harris in first joint appearance

Joe Biden formally introduced Sen. Kamala Harris as his running mate on Wednesday, telling a socially-distanced gymnasium in Wilmington, Del.: "I have no doubt that I picked the right person to join me as the next vice president of the United States of America."

Why it matters: Harris is a historic pick for vice president, becoming the first Black woman and first South Asian woman to be named to a major-party U.S. presidential ticket. "Kamala knows how to govern," Biden said. "She knows how to make the hard calls. She is ready to do this job on day one."


What he's saying:

  • "As a child of immigrants, she knows personally how immigrant families enrich our country, as well as the challenges of what it means to grow up Black and Indian-American in the United States of America. Her story is America's story — different from mine in many particulars, but not so different in the essentials."
  • "This morning, all across the nation, little girls woke up — especially little Black and brown girls, who so often feel overlooked and undervalued in their communities. But today — today, just maybe, they are seeing themselves for the first time in a new way, as the stuff of presidents and vice presidents."
  • "Donald Trump has already started his attacks, calling Kamala "nasty." Whining about how she is "mean" to her appointees. It is no surprise, because whining is what Donald Trump does best, better than any American president in history. Is anyone surprised Donald Trump has a problem with a strong woman or strong women across the board?"

This story is developing. Please check back for more.

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Facebook unveils "metaverse" app that seeks to move work meetings to VR

Facebook is pitching a new option for distant coworkers who want to gather and regain some of the spontaneous creative space lost in a world of Zoom meetings: Strap on a VR headset.

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Why it matters: This is a massive undertaking in the U.S., where school maintenance has been neglected and the average school building is 44 years old. Significant stimulus funds can be funneled to installing new A/C systems, but it may not happen by fall.

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Rising U.S. bond yields again sent tech stocks tumbling on Monday, with the tech-heavy Nasdaq composite index falling into its third 10% correction in the last year.

Why it matters: With the real economy still depressed, especially the labor market, continued weakness in Big Tech and a deflating housing market could undercut the expected economic recovery.

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