Stocks rallying after existing home sales in July posted its biggest increase EVER… an economist and an investment strategist weigh in. And entrepreneur Don Peebles on Joe Biden’s messaging…and why it’s going to take NYC a decade to recover from the economic fallout due to the pandemic. Sticking with New York, some big-name hotels are in big trouble as they remain vacant. A look at the foreclosures that may be coming in Manhattan and across the country.  

Lumber prices are soaring in 2020 as homebuilding is hot…a look at how to play that surge without having to buy a forest. And, why Axios’ Dan Primack calls Trump an ‘activist’ when it comes to getting involved in dealmaking. Plus, a shuffle button for Netflix, Harvard on hold, and fanny packs are back. That’s all in today’s Rapid Fire.