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Smiledirect begins trading as a public company. Should you buy the stock today our Investment Committee weighs in and caterpillar shares getting a down grade its our call of the day Halftime Report starts right now. Welcome back, everybody. Thanks for joining us here today, the overall market doing well headed for seven in a row. Up 121 points and longest streak in a year and smiledirect just opening moments ago as carl, morgan and john just showed you. That opening not what the markets showed down 14 at the moment and off 3 bucks. A lot of optimism going in on smiledirect. The head of the ipo saying it is trading well or bullish upside potential. That is certainly not the case smiledirect sdc a new issue down 14 right now. All right, lets go now to the macro set up stocks there higher on trade headlines and easy move by europe central bank. If we do close higher on th ....
Where the stock goes from here the Investment Committee is ready to go. The Halftime Report starts right now. Welcome good to have you with us on this thursday our Investment Committee at the table, joe terranova, steve weiss, the najarian is here, megan chu with Wilmington Trust and also with us our senior economics reporter steve liesman. We begin, where else, where the story is stocks following the worst day of the year. Big concerns that the trade war is threatening to push the u. S. Economy over the edge so weve got 60 of the s p, a little more than that in correction territory. Thats 306 out of 505. What should you do in the market today . Today you should do nothing. What are you doing . Im looking to sell further on strength, and heres why. I ....
Of the New York Stock Exchange carl and morgan have the morning off. And were going to begin with tech bracing for tariffs now just days away from going into effect on september 1st trade tensions between the u. S. And china not slowing down, as the wall street journal reports that u. S. Prosecutors investigate new allegations of Technology Theft against huawei. Acme capitals heene nada and kevin dilanian, of course, both join us here at post 9 happy preLabor Day Weekend. Good morning. Heenne, you were a protough stance gen china when it comes to ips and other things. When it comes to these tariffs, september 1st, december 15th, are you pro this approach . Does it depend if it gets nearterm results . I think the tariffs are going to do some harm in the nearterm. I think youll see pricing increases in the u. ....
Affordable housing in the mission for generations to come. [applause] now we all know the sad history of rewoment in our city. The community that i grew up in the Western Addition and what happened to that community. A lot of propsses were made. A lot of housing was built. But when the time came, for example, in the Public Housing that i grew up in, 300 units torn down, 200 units built and the difficulty of so many of us being able to move back to the community. You remember this joyce armstrong, what happened in the Western Addition and how it really sadly destroyed a very vibrant African American community. And we look at this as a Lesson Learned and we have to think of the challenges that existed back ....
Three averages but down 0. 4 and the nasdaq, that tech trade that is the laggard, down about 1 at this point and, of course, the russell has been struggling this week. We want to watch that one as well. When it comes to sectors, again, technology is the biggest laggard down more than 1. 3 , and energy is leading the way but up just 0. 3 . Its been an interesting week. Steve weiss, i will start with you, and i know mike and sara were ending the show talking about nvidia. Its up today. However, it is down about 10 from those meteoric highs but up about 80 year to date. What do you think . Have we seen the best of nvidia for a while . I dont know. Thats a great question. In the meeting coming up, who knows what theyll say at the meeting. Sure. Still the only game in town really. But its not really an nvidia issue. We havent seen the others down as much like meta or microsoft. Theyre barely off their highs. They look like theyre down move because of the dollar moves. On a percentage move, ....