Google’s long-time former CEO, Eric Schmidt, says that a pandemic proves big tech isn’t all bad. Schmidt discusses the growth of trillion-dollar technology, the importance of Apple’s App Store and his concerns with the U.S. action toward TikTok’s U.S. operations. The Republican National Convention kicked off Monday, featuring speeches from Donald Trump Jr. and former U.N. Ambassador Nikki Haley. Heritage Foundation Research Fellow, Joel Griffith, and Stony Brook University Professor, Stephanie Kelton, preview the economic themes we’ll hear from the GOP & the Trump re-election campaign in this unconventional convention. Plus, major changes are coming to the Dow Jones Industrial Average, with three new companies joining the 30-stock benchmark before-the-bell on Monday. Salesforce replaces Exxon Mobil; Amgen replaces Pfizer; and Honeywell International replaces Raytheon Technologies. And, Joe Kernen gets a flat tire.