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Tech stocks taking a pause this morning. No love for the electric vehicles this week, either then there is the tech eco systems. A new Software Brand storming the castle of apples app store. Huge announcements ahead as besos and Company Refresh their Consumer Device lineup what to expect from alexa and amazons ai. Well have that here on squawk alley. Were going to begin this morning with that story on the Apple App Store challenge as Companies Like spotify, epic games, and match group join together to create a coalition for app fairness casey newton of the verge for now, at least, joins us this morning fresh off of announcing he will start his own newsletter called platformer. Give us a little preview, and c ....
With you. Really . The judge how are you . Are you said what have you got . Do you have like chambers there or like, what are you equipped to do if push comes to shove today. You have what do you have at home what have you got. And report on what we report on. Am i the only one. I filled in i filled in recently for a full week and they didnt play the theme music a single time. Hopefully they can make up for it today we didnt hear about it we started having fun. We nip that in the bud pretty quickly. Oh, this is you. Im sorry this is you. So you got that going. Im glad i got up this morning. Lets take a look at equity futures. We try to get a new record on the s p 500. Well see what we can get over the top there. Treasury yields on the rise as of late. 25 last week alone. Theres the ten year not doing too much not all that long ago. We have seen rates starting there and stocks have been on the move well see that new record on the s p this morning. The amount of money were sprinting, i d ....
Great to see you. Thanks for having me ted line as you go from 34. 50 to 35. 25 its on the back of what you have coined the epicenter stocks why today to raise your target i think were nearing a really important level a lot of guys are saying this is a sign of a renewed bull market. I think we should be constructive on an all time break out. I think the upside, which is why were raising our target will come from the epicenter. These go back to their february highs. That adds 150 points to the market add to that to are we are today and that gets 35. 25. You said today was going to be the day for this. What you coined monsterous rally. Theres no real indication, tom, that growth is ready to give up its leadership role, is there . No. People have been successful sticking with the Growth Stocks. I think it will tough to give that up plus they are still cheap against bond proxies the epicenter, these companies have rationalized costs. T ....
Lets start with you, josh brown. This is something weve been saying probably like a broken record for, it seems like weeks now. It has been. The nasdaq, new record high. New record high. Is this something that worries you a bit that it just goes up in a Straight Line well, it doesnt worry me because as an investor, i would never have 100 exposure to anyone segment, sector or a pekts aspect of the stock market we preach diversification. Most of the people we give Financial Advice to are already wealthy. Our primary mandate is to keep them wealthy not race against the triple qs and try to do better than any over one, three, five year time frame. Theres two ways you get beaten up in this market from buying stocks at any price and paying any level for a quote, unquote great company. First cay is obvious any minute now the music stops playing and every one scrambles for a chair a ....
Because of it. And the retail divide continues. Walgreens and Bed Bath Beyond getting crushed today following weak sales updates and the staples names like walmart and costco are higher. The s p 500, were 59 minutes left of trade. Its not there the nasdaq is up 0. 6 . The s p 500 is a little bit lower. Just a few moments, well speak with alpha one capital dan niles about the market selloff why tech in particular has been outperforming and what to do now. Plus, former treasury secretary jack lew will be with us to weigh in on joe bidens economic plan and work from home winner service now, it is up 50 on the year Just Announced a new partnership with zoom. Bill mcdermott will be live to discuss. Another very strong day for the cloud names. Lets get straight toour big story of the day the market selloff mike santoli is tracking the action all day long which does appear a bit be ....