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Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar ....
The dow was down about 135 points at the lows of the session. Before ending the day higher by 55 investors initially piled into risk off trade gold at its highest level in a year, but that turned negative the dollar getting crushed earlier, hitting two and a half year lows before gaining back all the lost ground then some. The vix which was up as much as 17 today ended up not even 4 higher, so, is this the market that you cant sell . And theyre in a risk to the market what is . Obviously, you cant at a certain point, but we had this conversation, the news about missile broke about 20 minutes into the show night. We had an interesting conversation, but one of the take aways was it wasnt the actually Missile Launch in our opinion that was going to be the side effect for the market it was whatever the response was going to be. Quite frankly, we havent seen a response, so i think we try to keep cool heads last night turned out to be t ....
Administrations tax cut dreams a reality. Lets get straight to ylan mui in d. C. With the latest. Reporter melissa, two big hurdles for tax reform are now out of the way the house passed its budget for 2018 just about an hour ago the Senate Passed its version out of committee. This is important, because once they reach a final agreement on the budget, republicans will unlock the special rules that allow them to get tax reform done without any help from democrats. House Speaker Paul Ryan trying to keep that momentum going this afternoon with a visit to a maryland factory he said tax reform is critical to helping american businesses build more, grow more, and do more get the rates down so were on par with the rest of the world. And encourage businesses to invest in their businesses in america. Reporter ryan was referring there to the move toward full expensing in a tax framew ....