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Good wednesday morning welcome to Kirstie Alley im with Morgan Brennan and jon fortt here at the exchange we will start with the markets after the worst twoday slide for stocks with the dow following 2,000 points just to start the week bob pisanis on the floor watching whats going on, on an important day. Very different than yesterday. Early signs is the turnaround is good boeing, gm, microsoft, even jpmorgan doing well. No big selloff midmorning. China rebounding banks doing better still not a big market leader. Semis rebounding industrials Better Energy fading a little bit this has never been a big outperformer at all. Wheres the bottom its very simple, its very unusual to have two days like we saw monday and tuesday 90 downside volume. That doesnt happen back to back very often usually signs of a bottom, whether theyre ....
Disney ceo has the story changed too . Apples meeting gets under way Halftime Report starts right now. Lot on our plate today. Let get to it. Our team here today, najarians, and Cnbcs Jim Cramer the host of mad money. The president of Yardeni Research is with us. A full table for this meal today. Lets begin with your money. Stocks are higher. Most important ly, perhaps, so are bond yields. Jim, ive been talking about stocks werent going to be able to stabilize until bond yields stopped falling like a stone. Right. You said this morning, quote, i think you have to start buying something. Right, but not be aggressive sure enough, yields went down again. Coming in a little quick sand here because if rates continue to go down, people will give up some of this if you havent bought any, the markets had a very big move in ....
Tweet me jim kramer the worst hit, tech especially the cloud plays that were roaring hard not that long ago. They were crushed and the worst part, i dont think that the selling is over. Yeah, anything that helps enterprises harness the power of the cloud had been on fire coming into todays session along with anything related to streaming content and thats because of the wildly successful disney plus, the new over the top service. Theyve been the big winners for several weeks ever since nvidia and splunk whats driving this new found weakness and how long will it last isnt that what you want to know im going to walk you through all the reasons so you know whats ahead first, its the beginning of a new month, right almost every new month especially after a very big run we get a period where large funds decide to take something off the table. Not a dumb idea. Given that no one was expecting this selling, witness the clueless pajama traders as of last night and this morning who were still bu ....
Elected president in my opinion, the market drops 25 . We are americans. We believe in making these investments to create lots of opportunity. We are happy to do it. All were saying is if you make it big, i mean really big, i mean one tenth of 1 big, pitch in two cents so everybody else gets a chance to make it now lets welcome in Lee Cooperman, joining us today from florida, should let you know we invited senator warren to take part in this conversation with us today and we have not heard back from her campaign Lee Cooperman, as you can see is here its good to see you thanks. Youve created all the problems for me the whole thing started at delivering alpha im not a political analyst, im a financial analyst. It was your words, not mine, lee. Yeah. The only i would like to modify my words a little bit first of all, i want to say the significance of an event for the stock market ....
With all the releases. Melissa, apples biggest day of the year is over. What did investors learning learn today . You saw the ceo take the stage and introduce three new smartphones, the no lower priced iphone 11, faster processer, 6. 1 inch displays. Better battery life. Interesting to note, the price 699 about 50 cheaper than its predecessor the 10 r which remember is apples best seller then the high end, the 11 pro, 999 with a 5. 8 inches splay and the 11 pro max at 1099 with the a 6. 5 inch splay shipping on september 20th mieper says overweight the name he tells his clients listen as long as new iphone hardware and services perform well he thinks that does tie investors over until 5g hits hits it wasnt just iphones it was a focus on wearables. We saw the new watch starting at 399 and 499, 46789 G Network Connectivity new features like the always on display. Youll be ableto see time and notifications when you havent rai ....