Lets begin with that historic day for apple. It is the most valuable company on earth we shouldnt be surprised, but it just took two years for add a trillion in market cap thats just astounding. Absolutely remarkable its unprecedented to have a trillion dollar company. I added to apple after they announced the split. It makes no economy supplies in terms of benefits to the company in doing that. You can trade partial shares there are robin hood and others, but i thought the market would react positively i added to my core position. I dont want to sell, even though i do have some concerns theres an attack on the app store, which has driven a lot of growth im staying there for now. I think the 5g phone will be the biggest Product Launch theyve ever had around the world. Jim, i notice he own it as well, but to me you sound to be, you know one of the maybe, you know least enthusiastic about where the stock is now and where it can go from here. Do you think thats fair to say . I do, but tha
The kids had a ball we loved it. Jersey was great the people of jersey were great to us. The water by the way the water is i mean, the ocean beautiful. Drinking water in jersey still is probably my only complaint. I have to go brita or bottled. But i got this tattoo which i know that you guys showed off last week. I got a lot of neosporin on it right now. Just to keep the bacteria, thats what they say youre supposed to do but at some point well show it off and do the grand reveal. They asked me if we wanted to show it and i said no he never liked it on twitter and im not sure that he really liked it so you brought it up. I wasnt going to bring it up. To be honest with you, i came to it late i was actually trying to not even be on twitter that much and i saw it and it was too late to start retweeting because it was a day after clearly you had shown it off and i didnt realize that i had sent that picture to you but i didnt realize that everybody would get to see it this way. It was fun.
Housing starts surge 2ging 22 n july countdown to a record. We are above it right now. But as we have said, we have been there before. 59 minutes until its official will today be the day . I dont know, mike san toll ji not here. If you missed out on the markets stunning rally, is it too late to jump in now . Well ask founder Mike Novogratz for his take and a world of difference. How much the Global Economy has been altered and the challenge thats remain with David Melpass. Lets get to the stories were watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, lets start off with you. Its technology. There is the tech on the upside. A little Consumer Discretionary. That is amazon and advance auto parts. This the he do very good retailers lagging behind here. Thats how important they are. Those are not typos. Apple, 42 the stocks all major reasons why were at new highs today as for the retailers, yeah, we are at new highs at the open at home de
He boosted his ear and forecast by 24 , writing a fall in erp, adjusted risk premiums will be offset by a rise in bond yields. The combination will boost the end,o already 600 by years 3800 in 12 months time. This represents a significant increase driven by valuation. What do the technicals have to say about that . Joining me now is katie stockton, founder of fairlead strategies. Off of the highs now. What does that tell you about the next direction . Is flirting with that resistance. The level im watching is 3394, the intraday high from february. For a breakout to be decisive, we need to see a couple of closeouts above that level. Highs onct new positive shortterm momentum but also looking for momentum to falter before the end of the month. You have some overextended readings in some of , alsoternal measures sentiment. Basedrcentage of stocks on their 50day moving averages reaching levels often associated with pullbacks in the s p 500. At the same time, sentiment reaching exceedingly
The auto sector. Ford and nikkola news coming your way just about to flat line with 59 minutes left in the session. We have a big lineup of ceos coming up on todays show. Dan rosensweig on the back of cheggs earnings it is a moon shot. Then the head oof another stock that has been on a terror, henry ji, ceo of Sorrento Therapeutics and its a huge earnings news, disney, nikola and well speak with the ceo of ww right after the numbers hit. We have 58 minutes left of trade. Mike san totoli is tracking act and phil lebeau. B mike, start us off with the Broader Market it is flat. We alternate the days between when the indices look better than the majority of stocks and days like today when the indices are doing nothing but holding near the highs take a look at the s p 500 here we are on a year basis. You have the pop and turn pattern. You pop above the highs and then chops around right now were above that june high 3350 or so would be a 50 rally off the closing low for from 23rd that is 19