Here's what is happening in the markets today, Monday, August 30th:

- Stocks rally after Fed  Chief Powell says “No rush to raise interest rates”

- This week’s focus: August’s Jobs Report on Friday

- 1 Million without power after Hurricane Ida makes landfall

- Average daily Covid deaths in U.S. surge as delta variant spreads

- Affirm (AFRM) rallies 41.2% in premarket trading after announcing a partnership with Amazon.com (AMZN)

- Globalstar (GSAT) rallies 41.3% higher in premarket action following a report that the iPhone 13 will utilize satellite communications.

- Weber (WEBR) is up 3.8% in premarket trading after analyst upgrades

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