I dont know if its so much will these reports be good i think the question is how good do they have to be well, theyre going to probably have to be extraordinarily good we saw what happened with microsoft already. The numbers were great across the board for the most part. The stock went lower and continued to go lower after they gave the guidance that they gave i think thats part of the elements of what were going to be looking at today, scott, is not only the earnings but what does the guidance look like for many of these Different Companies were talking about, the power four or five when you really look at whats going on there, its still about apple one and the bundling package, i think thats huge it goes back to the idea that this was once a Hardware Company that was mass, rigive and the hardware component was huge. Thats been a good thing because the reliance on that aspect of apple, it stis still there but less youve got wearables and services and all these different areas where apple is going to be growing with in the future as well youve got nearly double the margin in those areas. I think for apple specifically, i think that as long as they can give something positive in terms of guidance, were going to see that stock actually push up towards 120. Its going to actually depend, i think, on the guidance, though i think the numbers will stand up for themselves. Josh, how high is the bar pete rightly mentions microsoft. Microsofts quarter was really good stock sold off right after the number these stocks have run off a lot into the prints. Yeah. So i think in thecase of apple its probably not that important what they say about this past quarter because i think its really going to be about iphone 12 and any color that tim cook can provide about demand going into that launch so iphone 12, iphone pro, they are kind of debuted earlier this month. We think that there are about 350 million iphones currently that are in the window for an upgrade, which is a very big number out of a 900 million installed base, according to some analysts. And like those are the types of things that i think investors are really going to be focusing on i also think in the case of apple you just have to say to yourself, all right, this stock is up 53 year to date even with the recent pullback, this stock is up more than 50 on the year. So lets say they come out with a report and the stock sellsof the way microsoft did, you still have this massive catalyst ahead of you, youre not going to get those numbers in real life until lets say late january, early february when they report the Fourth Quarter so i think its reasonable to say maybe the stock is stuck in a range and if youre a shareholder, youre already done so well this year, you just kind of have to shut your mouth and take it. Thats the way im thinking about apple going into the number steve, katie huberity says iphone shipments suggest better setup heading into the number. The thing for us is whether the company decides to give guidance for q1 of their fiscal year. Who is at risk of disappointing tonight . Any of the big four . Well, i think if you take a look at alphabet, theyve traditionally been the one thats disappointed. The web ad numbers that came out of microsoft were a little soft. You could see some softness in in that from google and facebook for google, its always been about their spending, theyve spent too much the good news about guidance from apple is dont expect it. They didnt give guidance for the current quarter. I dont see them giving guidance for the next quarter as far as the phone shipments, thats really Going Forward. Sure, the numbers may look better for the Fourth Quarter, but if you look at the numbers that come out of asia, taiwan in particular, hahn high, they were down 20 for the month of september. Its not unusual when you transition to a new phone because apple stops producing the old phones in the size theyre producing it and the question is to joshs point, which is absolutely correct, is this the kind of market where investors going to forgive a potential miss in this quarter and look forward to the future for the 12 shipment, which i still maintain will be apples biggest Product Launch in years and maybe ever. So im not doing anything. Youll see it transition youll see it play down through the psupply chain like sky work, maybe sirrus long being, maybe others logic, maybe others and the great call you made saying things were way too optimistic in the middle of the month and a bit of a come upp g uppings and hello. A lot of these big cap tech names havent traded all that well el wiwell, what was behind tt call was in the first half of october we were operating on way too short term of a mentality and we had this sigh of relief of a september, that the president s covid diagnosis wasnt as disruptive as we thought it would be, investors were relieved that had dissipat dissipated we were still heading into an election that i wouldnt count out as being contested or lasting as the unknown until early september. We ignored some of the news stories we were likely to get until the last half of october on tech, the expectations are pretty high. The activity were seeing today is muff more akin to march and april when the market liked technology, it liked communications and were still in this pandemic and were going to be in it until we get a vaccine. Even if we do have misses on earnings, i this this is to stes point, what will matter is how much can tech Carry Forward with this not to mention ken frazier of merck was talking about a vaccine and these therapeutic as not a silver bullet, that distancing, hygiene, masks and everything would go far into 2021 so i dont know if that impacts the way you think about the market, too. What do you think is really riding for the overall market tonight . Are we making too much of it or does it really mean almost everything, at least for the near term direction, along with the election and some of the other important things that are looming . Yeah, there are so many factors right now that are going into the complexness of whats going on in this market, scott weve already even seen how about the volatility of the market itself today and yesterday but specifically today where weve matched this market, just the velocity of these moves very early on in the trading session, it just shows you people are nervous, a lot of questions right now. There is a fair amount riding on tonight. In all honesty, these are the names we did all talk about all the way back since march and looked at what was really working early on it was technology, it was these names. Obviously it was some of the startup names we hadnt talked about because it really kicked into high gear for the gloozoomf the world. But it was apple, it was amazon, it was phase, it was twitter weve gotten pharmaceuticals and energy names but now were getting into how is technology right now . What is the temperature . How did things go this past quarter and what did they see Going Forward . I think ken frazier is exactly right. It is not a silver butt but it is something that i think were all looking forward to something and weve been looking forward to that something, whether its a vaccine or a treatment of some sort to be able to give us a little bit more comfort Going Forward, going out, doing things that are a little bit more normal and more natural. That doesnt mean theres not going to be social distancing and that people arent going to be wear masks around i wonder how we should look at some of these other tech names and whether we think that growthy tech, if you are will, is toppy tech at the moment. Wayfair down, zoom down, spotify down, etsys down, not by insignificant amounts either the other side of that is if you do deliver, you get rewarded wildly lick pke pinterest is to. Its an alltime high, stock is up 30 , upgraded to overweight at jpmorgan, late obviously. Price targets anywhere from 66 to 75. What about the idea . High growth tech, toppy tech or no well, in price action it is like a lot of these stocks, you may never see those prices again. I dont want to go back into the fastly conversation but what ends up happening is you get a win o winnowing and some of these Companies Get the right to stay up and some dont. Think about that list of names you just reeled off. Theyre not Even Technology companies. Peloton is literally exercise equipment. Im sorry. I know it has an ipad strapped to the front of it etsy is arts and crafts, Consumer Discretionary wayfair is furniture what those companies do have in common is they have made hay of the situation were currently living through none could have anticipated but all of them were inadvertently or not ready for it. They are very good at selling things to people who are not able to go out into stores and buy them they were all good at it before hand and now its acceleration thats what brings me to samazon what is the tech name that has the most capability to absolutely floor people, i think the name is amazon this could be a situation where they bust the 5 billion operating income number thats the top end of the range, right, they could even bust through that this is a stock already up 76 this year and its almost like a 2 trillion stock. Thats saying a lot. However, this is the company that i think has the most potential for up side surprise because as much as it was fun to walk around in the real world in august and september with masks on but return to a lot of the things that we had been doing, that doesnt mean that online buying has slowed down, doesnt mean demand for Amazon Web Services has slowed down im looking a the this one as potentially the biggest potential up side surprise interesting in the saturday light, then, weis, is amazon now the safest bet within the big four, big five of big tech you know, i agree with josh that the fundamentals are more at their back than the other companies, just because its so much in demand thats the way of the world right now. Unfortunately, its also got the most stretch valuation of many of them. I own it, im not selling any of it this quarter like the quarters of the others doesnt mean anything to me but its got the most risk and the most reward without a doubt. Back to pinterest for a second, pete you bought calls youre optimist being about the future of where that stock is going, even though its up massive today and has a great run. It depends on what youre really looking at. The analysts are talking about the growth in just about everything category you could imagine, its user, engage ement, go down the list theyre probably a little bit in front of themselves, but i think theres opportunities out there. Once youve delivered and you get that move like they did, all of a sudden the implied vol tilts sta volvolatilities start to come down a little bit. I saw an opportunity today, they were buying some calls out there. I thought why not. Its an opportunity in case theres a shock. They could not have put together a better quarter they really did everything right. If they can continue that, scott, they can grow into themselves in a big way. This is a huge move today. We all know that but this is a company that i think has a lot more runway in front of them as we go forward, especially, and josh was just talking about it, we were all just talking about the idea of Going Forward and were going to probably still be wearing masks, the normalization factor is not probably going to be there at least in the next quarter or two, that just says a little more about companies that are stayathome companies theres all kinds of different layers that go into this but i think pinterest does have up side. I have tom lee today calling it a buying opportunity. Golebb says its a perfect storm. And rbc says Retail Investors sentiment no longer sending a strong buy signal like it was. Do you have another big call in you where you think the next few months are going to take this market dont press my luck, dont press my luck. Thats what happens if you get it right, were coming back to you i know, i know. So what i would say about a lot of those calls, i think theyre time period dependent. This is probably not the last bit of volatility were going to see through the end of november so investors should be ready for that im always hesitant to tell people to do anything in to volatility because i think the urge is to sell. I dont want anybody to sell into a down turn because i think this is psychological, its not fundamental and it will pass the issue is once we have a relief rally on the other side of it, if you sold into it, you miss the relief rally. At this moment i dont think people should do much as far as day trading and moving around in their portfolio trying to chase it to tom lee as point, i usually tell clients that a correction or even something that edges up on a bear market without a new recession is a buying opportunity. Thats a buying opportunity for the long term, though. Thats a good entry point for people looking to have longterm opportunities. So if this is you sitting on the sidelines in cash and youre underexposed to the market, that means youre underexposed to the recovery we leave believe is going to persist through 2021, some of this is a buying opportunity. Keep your time horizon in mind do we not think that the path of the virus and likelihood of escalating cases, the things that dr. Gottlieb has talked about and dr. Fauci last night with shep, the pat of the virus and as problematic as it appears to be is going to blunt some of the up side of just the election being over and whatever side you think is going to win and whether you think theres going to be up side as a result, any of that blunted by the virus i wouldnt underestimate the effect that the virus can have here, but looking forward, you know, at some point we will get news on a vaccine and it is about timing unfortunately it probably is going to get worse before it gets better. We are heading into the height of flu season and there will be blotchy areas around the United States whether or not we go into broad shutdowns is the big question its going to get worse before it gets better i think well get a phrase three read out and then well start to see the other side of this, plus we get an inauguration past us, it doesnt matter who, its just that its over and maybe then a fiscal package theres a lot of things that could happen oaf the next three months that are positive traditionally you go into election, get the uncertainty behind you, get a winner declared and the market it sort through the issues in front of it theres still going to be a fog descending on us because we dont know exactly what the virus is going to do, how bad its going to be and most importantly what Consumer Behavior is going to be as a result of that yeah, thats a good point, judge. I agree with everything liz just said i would just say, like, put the election aside because everyone on earth expects a contested election so when that happens, no one is going to clutch their pearls lets go back to the virus thing, though. I really think that look, the feds on the sidelines, theyre not doing anything earnings season, after tonight who cares. All the market cap is reporting in the next three hours. Put that aside even if earning season is good, so what, market has already priced that in we expected that the virus is the thing thats the thing that has the potential to reintroduce volatility we were 40 vix yesterday, the highest since june solely on the virus. I wrote about the vaccine this morning at my block. I called it the device that ancient greek playwrights used they pro drop an actor dressed as a god on the stage who in five seconds would resolve all of the conflicts in the play thats what the vaccine represents in our current Economic Situation moment we get even an inkling the fda is about to approve something or just on a phase three readout that sounds encouraging, a lot of things we currently think will change and a lot of sentiment around twothirds of the s p 500 that frankly has not been doing well will change. There thewill be a major shift n all sectors and industries i never like to talk about big, bad catalysts. Im always the smart alec on the show throwing cold water on that stuff. In this case, it really is the thing that descends down to us and changes the conversation around everything. And i think its happening before the end of the year if is a dangerous game, though, weis, to play dates on the vaccine for your investment time frame i agree with that and thats why moderna, which i have a position in, as everybody knows. I also own the puts, the 50 puts in case the data is not good i expect the data to be good at least from somebody and im hoping its mo derderna. The vaccine will be a magic bullet on the market coming out of one of the 19 or so Companies Working on the vaccine, if you look at pfizers data, its only 70 effect of. Are you going to play russian roulette with the other 30 . Im sorry to interrupt you, ill give the floor back to you in a sec i think thats kind of where ken frazier is going, the way merck is thinking about all of this in his comments today on squawk box is he used the words no silver bullet, even a vaccine. Youre still going to have some of these things in place youre not going to have an announcement that, okay, we have a vaccine, you go the to take a long time to get it available for everybody who wants it and its going to take some time to get it up and running. Now, the market is going to anticipate that and its going to get ahead of that as it always gets ahead of anything like that. Hey, judge. Let steve finish his. Josh, let steve finish his point. I interjected there. Ill give it back to you, steve and then josh. Thats absolutely correct under the best estimates, youre not seeing broad distribution of vaccine until Second Quarter of next year. Then you got to say where is the uptake going to be who is going to trust it and whos not . If the vaccine becomes available, if its moderna or othe others, its two doses, not just one to be effective. And then theres the question how long those antibodies work nobody knows do you have to go back in . Thats why if you go back into amazon, its perfectly situated for this theyre not going to go backwards in terms of people that are all of a sudden are going to go into supermarkets again that havent been or drugstores or malls or things like that. Having said that, back to your point, youll get a pop in the market unquestionably. The question then is how sustainable is it going to be. Josh, go ahead. I just want to throw one thing out as it relates to the vaccine. If you got covid19 six months ago, you had a one in four shot if you ended up in the hospital of dying now thats under 8 . That could fall to under 5 . Our doctors and nurses, not worldwide but in america, have gotten very good at reducing the rates of death that doesnt get a headline as big as the amount of deaths and i understand why not but i think that when you combine that with the idea that we can stop 70 or even if its 60 of infections with one vaccines are then remember it wont be one company and everyone else goes home. If you have 15 or 19 in trials and even half or a quarter of them work, youre going to have blanket Vaccine Coverage in 2021 hopefully among the least the population most at risking give to the army and navy and then front line workers, police, fire men that stops so many of the potential infections that people will start looking at areas of the stock market again where they would say absolutely not, i wouldnt even consider it. From a sentiment perspective, its really why you have to start thinking about a vaccine as being that thing that comple completely changes everything. I agree its not a super bullet for humanity, i just think it is for the s p 500. I dont disagree in any way, shape or form with that. And the ironic thing is you could get that phase three data before you know who the president is its funny you say that, steve. I was literally just thinking that when you said it. That is part of the possibility. And back to the election, liz. You know, i feel as though there are some who are willing to sit on their hands until next week at minimum and see exactly what happens. Brian bellski of bmo says markets are going up regardless of who is in the white house just get past the event. Were obviously going to have a president , whether its a second term for President Donald Trump or a first one for Vice President biden, youre going to have it at some point and the markets going up regardless because youre going to have a stimulus and some of the other things that may happen as a result ultimately i think thats right, that the market will go up and the recovery will march on, but that might not be true decisively until 2021. And if you just look back at what happened in 2000, al gore didnt concede until december 13th and that period between election day, which was november 7th that year and december 13th, the s p fell 5 . If we have another time like that, i think were going to see a lot more bumps in the road until we get to that point where we have a decisive president and then we have to go through a couple other things. And theres still suggestions of maybe we get a stimulus package through in the lame duck section. I think the only way that happens is if you have a President Donald Trump and still Republicancontrolled Senate i dont know if well see anything no, sir tipositive unte a new government sitting in january. Up next, reactions on ford and conoco and starbucks and shake shack. Back right after this. Welcome back, everybody. Im sue herera Tropical Storm zeta moving through georgia. Officials say more than a Million People are without power. Across the south more than 2. 5 million homes and businesses are now in the dark. The Justice Department is expanding its inquiry into whether new york undercounted covid19 deaths among nursing home residents new yorks governor, andrew cuomo, calls that move a politically motivated sham exxon is laying off 1,900 u. S. Employees as Energy Demand has plummeted during the pandemic most of those cuts will come from its houston offices and this may be one of largest animal airlifts in u. S. History. Some 600 stray and abandoned dogs and cats getting flown from hawaii look at that little guy to shelters where people expect them to be adopted within days feel good story. Sue, thanks ford reported last night, Conoco Phillips this morning steve, you own the stock it was a great buy it has a nice gain today as well of about 3. 5 . Now what and its up even more of the last month look, i think you own it you still have tightness in the channel, which allows them to not have to give the incentives. Theyre narrowed their production line. This is true of so many others you saw good news to the highly profitable cars and trucks the story has momentum and it continues. If the economy erodes somewhat, it will be a little like housing where it could getizatie satiat. Some of the other names in the auto space may be looking a little toppy but this one had so much catch up along the way that youve got a little more road, so to speak, in front of you yeah. Absolutely it lagged. And i think over the last month its up close to 25 so its caught up pretty quickly. But did you have new management come in also they always have new management coming in. As i said, momentums there, it is a good stock to own for recovery play. You have so many people that moved to the suburbs and so many people dont want to take Mass Transportation were not done with that when you see them go back to work when the Office Building is open, theres more appetite for cars so you dont have to get on a train, a bus it continues to work conocophillips. Oils been just destroyed and oil stocks have as well. I really dont know how else to put it right this is a fairly recent buy for me, scott. I own the stock and independent usi im using the implied volatilities to sell premium against position i like the move they made with concho it gets them the Premium National gas its the shale play. Theyve got Great Technology the combination with the footprint that theyve gotten really makes this a pretty good marriage dots that mean its fool proof absolutely not this is a stock that will move around with the price of oil weve watched oil go from 31 to 45 in a hurry. Thats going to be part of story as well. If we get any kind of pick up in fuel, oil prices, weve got a shot for the stock to go a little bit higher. Let me ask you, i dont know, it may sound like a silly question but why even bother why bother owning any oil stock at all yeah. No, thats actually a legitimate question i would say this, i thought we had been pounded far enough in this particular stock and i thought it was maybe at levels that made sense and this acquisition i think makes a lot of sense the combination of that, you throw in the dividend, a lot of different other factors that go into this but selling premium against this makes the most sense right now, it protects me a little bit and the implied vol til volatilities are there the goal for the stock would be to flat line for a while ill continue to sell and hopefully create my own dividend stream along the way flat in oil is the new up now. The stock has been crushed along with Everything Else josh, ill turn to you for our look ahead of the bell i have starbucks, shake shack. Thats the order ill start in, too. I think starbucks has already been given the benefit of the doubt by wall street the stock is hovering near record highs, despite the fact that so much of its business relies on tourism, travel, business travel, people congregating in coffee houses, people and business locations in cities which have been hallowed out of Office Workers and yet the stock has been working i think the reason why is because of how far along they already were in their Digital Transformation by the way, i think chipotle has largely gotten that same benefit. Shack is very far away from having gotten there. I this i therenk theres more p up side for shack if the short term if they can demonstrate progress 75 of shackssales were digital. 100 of mine but 75 of their total sales were digital thats incredible. Unfortunately sales pancaked, down 40 year over year because of where their locations are i do think, though, we will have a post coronavirus world in which shake shacks ability to go digital and do pick up windows and do drive throughs is going to be meaningful so thats what im listening for as a shareholder how far along have they gotten in that transformation and hopefully they have a lot to say. Good stuff. We will take a quick break unusual activity is on deck and on november 10th, cnbcs evolve summit takes place featuring top leaders sharing insights and strategies on how their companies are innovating and transforming forhe t future. Halftime is back right after this what if you could have the perspective to see more . At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. As promised, unusual activity time. For that i turn to you, pete yeah, i got some fun ones one is a little bit dicey, probably not for everybody but it twitter this is a name that sprinted not long ago to new highs. Then it pulled back and today new highs against. Absolutely on fire but theyre buying the november 6 so a week out theyre going, even though earnings are coming out, theyre looking out one week and buying the november 52 1 2 calls all the implied volatility that i talk about all the time is juiced up into some of these calls. They bought about 3,000 of these calls and traded for about 3. 40. Not inexpensive and basically playing on the earnings. Im so bullish, i think this makes a lot of sense i own these calls as well as owning the stock next is disney this is a stock in a very short period of time has come back down from that 133 level and got itself a lot closer to about 118 right now thats when we saw some call buying in there as well they went out to december and they were buying the 120 strike calls, selling the 130 strike calls. What does all that mean . Somebody wants to be in this stock but they want to be able to do something very smart in my opinion by selling those 130 calls. They dont think its running through that number and get a little premium that way as well. Im in that as well. Im in the calls ill be in there for the next month or so. Josh, give me something on twitter what do you make of the run weve seen in that stock the stocks going higher. I havent seen accumulation in this name for the entire seven years its been public its going up. I dont own it, im not buying it but thing i think wants much higher, purely on technical. 8 today, well call it 8 because its about to be there ahasklftime cnbc. Com, email us, were back right after this. At calvert, we know responsible investing is hard. If youre concerned about the environment and climate change, how do you find companies that are driving the right outcomes . If you care about economic equality and social justice, which firms are addressing it in their workplaces and their communities . For nearly 40 years, calvert has delivered competitive returns by investing in Companies Making a difference because we see value in doing good. Talk to your Financial Advisor about investing responsibly with calvert. Talk to your Financial Advisor about investing responsibly its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Time to answer your questions now. First up, a video one for josh hey, guys this is greg from greensberg, pennsylvania my question is for josh brown. Hes long uber as someone who bought it during a dip in the pandemic, any idea what a price target would be to start trimming or selling that position josh . Okay, yeah, its a great question i actually dont do price targets. I bought it as an investment for the postpandemic world and i added to this during the crisis. Maybe we bought it on the same day. But my average cost is somewhere around where its trading now maybe a little bit lower my intention is to hold this for a couple of years. Its not going to really work and make a new high until we get a vaccine and return to travel that might be a while. So im willing to be patient and stick around with this thing money i dont want to be able to tell you if it goes to 40 sell it or something because i think it could go much higher when life gets back so im sticking around with this one. No plans to sell, no target. Thank you steve weis to you from holly in pasadena i started a new position in zil o zillow group what is the microand macro for the industry its not based on home sales. Its based upon sales interest in the market. Its got obviously big advertising base and thats it clearly its not a stock for a volatile market but seems like theres great support for 90s. Id stick with it, wouldnt sell it pete, what duration and spread should i sell calls on k kmi, Kinder Morgan thats difficult because of implied vol tilatilitievolatilif stocks and Kinder Morgan is not one of them. For now you have to sit on your hands. Im Still Holding on to the stock but ive been frustrating in what i can sell against the stock right now in the options world. Its very, very difficult to find anything money. Liz says i have most of my money on the sidelines should i invest today or should i wait in other words, she wangts nor ca another call from you, too its a great question i dont want you to miss the recovery trade we still see persisting here, jill, but i do think it gets worse in the short term before it gets better you average in and put the same amount in over the same time frame over the next few months and get invested by National Guard inauguration. Well talk to futures traders next to find out how they are playing the selloff. Were back in two minutes to do it next. Email on video with your name and rank and y couan be featured on our special show on veterans day. Thank you for your service solving the business problems of our customers with technology we are a type of company the market has not seen before. Going public will further invigorate our mission to embrace technology, empower customers, and deliver the future. To embrace technology, empower customers, our Retirement Plan with voya gives us confidence. They help us with achievable steps along the way. So we can spend a bit today, knowing were prepared for tomorrow. Wow dad, do you think you overdid it maybe . I dont think so. What do you think, peanut . Nope honey, do you think we overdid it . Overdid what . See . We dont think so, son. Technically, grandparents cant overdo it. Its impossible. Well planned, well invested, well protected. Voya. Be confident to and through retirement. Its time for the futures outlook. Crude oil getting crushed today. Coronavirus lockdown fuels fears are fueling that lets bring in jeff kilberg. All right, jeff, you told me recently that crude had momentum, it was going above 40 bucks and it was going to stay there. What happened . Well, just like Stephen Weiss trying to drive on me on the hoops court, it got rejected rejected hard at 41 thats really the correlation were seeing of crude oil to u. S. Equities. Weve seen the looming lockdown not just here domestically, but globally whenever you saw the looming lockdown thats when you saw the risk offset. Crude oil is off 1 of the lows. We are staring at the giant Tech Companies reporting this afternoon. If we see these giant tech names report well, sentiment will turn back to riskon and you will see a little healing in the crude oil. Right now i want to be a buyer i want to be a buyer at 35. 50. I know it feels like youre catching a falling knife but i want to be a buyer at 35. 50 looking for a retracement up to 37. Im risking 1,000 bucks to make 1500. You told me to buy is higher before, thats why im concerned about this call. You made 1 on that we have shortterm memory. It was still 1. Ill buy my candy bar with that jeff kilburg final trades are next. Heart monitors that let your doctor watch over you, just like you watch over your best friend. Another lifechanging technology from abbott, so you dont wait for life. You live it. Another lifechanging technology from abbott, but she wanted someone who loves with the cats. Ng. So, we got griswalda. Dinners almost ready. But one thing we could both agree on was getting geico to help with our renters insurance. Yeah, switching and saving was really easy drink it all up. Good could have used a little salt. Visit geico. Com and see how easy saving on renters insurance can be. Before money, people tools, cattle, grain, even shells represented value. Then currency came along. They made it out of copper, gold, silver, wampum. Soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited amounts of money as they passed the buck to the future. Thats why its time for Digital Currency and your investment in the grayscale funds. Go digital. Go grayscale. A couple things to do before we get to final trades steve weiss, tell me why youre selling akamai i sold half the position yesterday, remainder today the quarter was excellence the current guidance and its been the laggard the last six months, so i have better places for portfolio now. I will come back to it its also got a lot of Retail Consumer exposure, which im not crazy about given my economic view. Selling a bunch of inphi as well. The stock is up 40 it was a big position, got a lot bigger to be prudent i sold half the position, keeping half of it this points out why 5g is not a consumer play. Its actually an instreet play. Marvel didnt buy it for the consumer, they bought it for industry, period, cloud. Pete, you bought the stock, actually yeah, because it didnt make sense to me. I thought it was a great acquisition. That did make sense to me but the stock was down 7 early on when the stock was trading close to 36, we had some gigantic call buying in there. I chose to buy the stock and use the implied volatility to be able to sell those options im selling the 39. 50 strike calls where the stock has actually gotten up there when the stock was trading about 36. 25 at the time. I like this name i plan on holding marvell for a while. I think thiscy agreat combination. I think all these acquisitions are going to be beneficial because they all work so well together cohesively. Lets do final trades liz young, why dont you start us off today, please. Sure thing. I still think youre a little better sitting on your hands for a beat, but if you must, buy the eurozone. Interesting call there. Well follow that one. Steve weiss. Moderna sipd an agreement with the japanese to distribute the covid vaccine. This stock goes a lot higher with approval. Josh brown . Staying long starbucks for the reopening. Pete najarian killer talked about oil i like my conoco position. If you go to twitter, you can see why. Im selling calls against it i broke it down how that works and the dividend yield and the combination of what it could be at the end of the year. Twitter, earnings after the bell, big four cant wait for that. The exchange picks up that story now. Thank you, scott welcome, everybody we have some aftershocks on wall street with the major market swinging between gains and losses after the dows nearly 1,000point drop yesterday the dow is up to a 75point gain if we can close positive, it would end the longest losing streak since february for the dow. Still all three indices are on pace for the biggest weekly loss since the weekending march 20th. The market bottom followed just three days after that. The nasdaq squarely in the green today. Its up 150 points right now its not unscathed this