Biden Accepts The Nomination, Splitting Secured, Tesla $2K, Uber & Lyft Win Reprieve, Breaking News: Amazon’s Consumer Business Head Plans to Retire, USPS Hearing Underway

“The Squawk on the Street” gang digs through the movers of the morning, as Wall Street tries to end a record setting week on a high note. Tesla remains on watch after exceeding $2,000 per share for the first time on Thursday. Shares of Tesla are up 40% for the month of August alone. Plus, today is the “record” date for the company’s 5-for-1 stock split. Uber and Lyft winning reprieve in California over its pay dispute. Plus, Democratic presidential nominee Joe Biden accepts his party’s nomination. In his speech he unveiled his economic plan, “my economic plan is all about jobs, dignity, respect, and community. Together, we can, and we will, rebuild our economy. And when we do, we'll not only build it back, we'll build it back better.” And some breaking news out of Amazon, as its consumer business head announces he plans to retire. The USPS virtual hearing gets underway, as the postmaster general testifies before the Senate over its operations.