Ready to go. Halftime report starts right now. Welcome. Good to have you with us on this monday our Investment Committee at the table today. Lets begin, where else, the markets. All three of the major averages are higher dow would be Even Stronger if not for the boeing drag. But with several major obstacles out of the way, is a melt up now in the cards thats how i look at this, josh. You go down the list and say, all right. You have this trade. Tens tensions are eased for the moment uk elections in the rear view and the fear of maybe missing out and performance chase over two weeks. Yeah. All is good in the market world. This is one of the interesting moments. They dont happen all the time where it almost doesnt matter what you own you could own value and growth and making money in either one theyre still below the old 18 highs but theyre on their way the banks have just broken above the 07 highs. All the mega cap banks look incredible tech is up 48 year to date and now you have europe
Companies are to go that defined todays action with the dow jumping 113 points, s p climbing 1. 05 , nasdaq falling 1. 59 . First, we all know that stocks have come up a lot from the february lows, but not all stocks. Only a select group of stocks have managed to claw their way back into our hearts. Mainly service companies, international businesses, those Consumer Products corporations and those involved, at least bottom fishing here, went up, resources mining minerals. However, a ton of stocks have been left behind. Especially health care stocks. Theyve been in the doldrums because theyre easy political whipping boys during primary season and theyve had some disappointing earnings. Then all of a sudden someone comes out and says he wants to do deals. He tells us he might have as many as 10 takeover targets and one or two of them will be bought in the next quarter or two. Suddenly were off to the races with animal spirits that jar us into remembering that its not just investors who bu
Was about 40 points of the dow was a bounce of yesterdays selloff, the rest about greece. That will do it. Were looking at the dow of 128 points at the moment. Crazy story, the irs says hackers stole tax info from 100,000 accounts. We have former Homeland Security secretary Michael Chertoff to talk about how to fight the growing cyber threat. Its not just at the irs, its everywhere. You know about that. Esen isis threatens a cyber war of some kind pfr well talk with secretary chertoff. As we wait on palo alto to report after the bell. Heres where we stand in the markets. The dow up about 130 points. Thats 0. 7 . The nasdaqs gain is double that, 1. 4 . We have big movers were going to get to in a movement in the chase space boosting that 70 points. The s p 500 up 19 points good for 0. 9 . 2123 the level at the moment. Lets get to our Closing Bell Exchange for this wednesday that feels like a thursday. We have jack from index financial partners, david kelly from jpmorgan funds, and our o
Expand its food and private lines. Why dick lowe said i have to focus on my job. That wide owning trade dove sit. As we head into the last trading session of may, stocks on track to finish the month in the green led by the nasdaq up 3. 2 . S p up 0. 6 . The transports still in correction territory. The transports really are terrible tale of things. Bank of america downgraded some of the great truckers. Commerce is not doing as well. When i looked at that gdp report, first reaction was how much does the fed have to cut . Of course the reaction from all these people is i guess the fed has to tighten. It is funny to see the weakness throughout. I had Union Pacific on mad money earlier this week. Every line item is down. Commerce is not happening in the country. Biggest trade gap in 30 years because of that dollar. What is incredible everyone felt once we had oil to the point we wouldnt need to import as much oil, that would change the balance. No. There is a lot of negative. The june swoo
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