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We stock with the rally on the eve of the vote tomorrow every seconder finishing in the green. The rally after the market hand in the worst week since march. So what does todays Market Action tell us about tomorrows big vote guy, what do you say hi, mel you like my election haircut. I see. Really took it down. Really tight, nice. High and tight. Interesting. Whats it tell you today, i think a lot of people squaring up ahead of the election the vix suggests theres still a lot of concern the six vix at one point traded up to 37. 5 obviously elevated last week saw huge move from 24 to 40. It absolutely mirrors of the move of june 8 to june 11 when it went from 20 to 40 and sms went from 32. To 50 in a Straight Line so the moves are identical, i think if theres a concession speech tomorrow morning this mix of 38 probably has 28 handle theres no concession speech i think the 38 vix ....
Twitter shares soaring on a rumor the company is looking to build a Subscription Service a source close to the situation tells me that a Subscription Service is one of many Revenue Generating options that twitter is considering, but that no announcement in that area is imminent Ceo Jack Dorsey has said hes kicked around the idea of creating a subscription tier and twitter management has talked about building new revenue stream the focus on new ways twitter could make money as tiktok opens a new platform senator tom cotton warned americans against use ticktock. Secretary of state mike pompeo said late monday that the United States was looking at banning chinese social media apps including ticktoc ....
Mcdonalds, disney and goldman sachs. Todays move higher though, putting not even a dent into this weeks losses and the dow is down a staggering 12 just since monday once again, a big story, energy. Check out oil. This time the opposite of yesterday, surging 24 thats its best day ever the u. S. Government considering some political talk or action to get in front of that saudirussia price war thats going on and flooding the market with oil and well have much more on that during our big hour straight ahead, but first, though, lets talk about this historic moment at a time for investors and trying to figure out what you should be doing right now with your money in the short, medium and long term and joining us is scott maynard, and one of the few who expressed worry about these markets even before the health scare, scott i would imagine your portfolios are holding up pretty well if so, what are they composed of what does scott minerd know right now . Weve been invested pretty conservativel ....
Trade pl galactic, can it keep soaring. Tim and dan go man ho y manno and fed pecks. You decide who wins. All that next 60 minutes we start with another record day on wall street as the snazzy animation says the s p 500 and nasdaq closing at alltime highs. The dow up gold up. Oil up real estate up guy. Yes, sir. Whats up bonds under u. N. Changed a repeat what weve been talking about. We led with apple last night whats the deal. We talked about the price action should have been worse karen and tim spoke about this we talked about the suppliers. Kor various. Skyworks werent down as much as they should have been. The look at the stocks today apple up big the flows come in. Bad news discounted you could say the fed has our back i dont know but ill tell you gold rallies Newmont Mining rallies thats a concern if you want to continue on the bull thesis in the s p 500. Look at the u. S. Dollar 3. 5 year to date look at the fact you get t ....
Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, karen finerman, dan nathan, and guy adami. We begin with what might be a sign that the air is coming out of what have been some of the years most popular trades. Lilly and nvidia boasting big drops today. Nvidia has now fallen nearly 12 from the record high hit friday morning. Japans nikkei nosediving, falling to its lowest in over two weeks. Even the red hot industrials trending lower. Meantime, recent laggards catching a bit of a bid today, with alphabet and apple notching gains. So, have markets lost faith in this years high flyers . Is this the start of a rotation which some might call healthy at this point, guy. Could be. And tim has correctly pointed out that as the semis go, the markets going to go. Lets try to drill down there quickly. Nvidia, on friday, massive reversal, we talked about it on the show. Traded two timesish, 2 1 2 times normal volume. Huge rotation lower. 230 billion ....