Today, Senate Majority leader Mitch Mcconnell said he will take any nominee to the senate floor for a vote. First, i will talk about the markets moves of the day. Abigail doolittle is with us from new york. Abigail a volatile one. You cant go a day without massive swings in the u. S. Sharply lower. The nasdaq at the lows, down 2. 4 . The s p 500, down 3 . At the end of the day, the nasdaq 100, what a turnaround. Led by the mecca cap faang index. The tech index for the s p 500 up about the same amount. In the morning, it did seem like there were some buyers looking. Apple, up 3 . You saw that stock leading another mega cap higher. Confidence as the day went on. Bonds did not rally all that much. The yen was flat. It was not really risk off this morning as a result. Very interesting, one reason to think that they be the buying think that maybe the buying will continue. Ign, all thesecus stocks started out the day lower. Big gains for those stocks. On thers wanting in stocks up huge amoun
Right now. And good afternoon im scott wapner live. Over the next two days the Halftime Report is debating the state of tech and where your money will work best in the space. From the latest ipos to the f. A. A. N. G. S. We are joined by jeff richards, Jason Calicanis and dan niles. Lets welcome in our guest host for the hour today. He is raise ing a new fund. They are going to invest in private software companies. Well get into that a little later on. Jeff richards is with us on set. He is invested in slack, square and air bnb. Thanks for having me. Good for us to come back out here. Six months dpoe we were here and taking the temperature of tech. Ill ask you first, the state of the market out here is what . Frothy. Word association. Frothy. Just think late stage private valuations are quite high. And then youve seen a bunch of what you would consider previously Growth Investors, Growth Private account investors moving earlier and earlier to get away from the frothiness and that is ca
Almost inconceivable to have stocks go up with the averages were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Continue . Lets check out our game plan. Right now politics can outrun any earnings, and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about foreign policy. Why do i say this . I heard it from Money Managers and floor traders. Something to think about. Trump may not be the most diplomatic guy on earth, but Money Managers would cert
Were down. The futures just overpowered everything. Now we have situations like today where the banks trade higher again as Interest Rates go up and the certainty of a federate hike grows ever more. Well, certain . Thats fabulous for the earnings. We get a quarter from applied materials, the Semiconductor Equipment maker, and when it says the chip makers are ordering equipment again, it takes up a host of them. But when every one of amats competitors, the stocks all go up. Will this year of good feeling continue . Right now politics can outrun any earnings, and if we come in monday and donald trump has named mitt romney secretary of state, i believe youll get a rally in the stock market based on the idea that trump may be more savvy about foreign policy. Why do i say this . I heard it from Money Managers and floor traders. Something to think about. Trump may not be the most diplomatic guy on earth, but theres no reason he cant hire be appeased, and of course the name brand wall street
Many months as the stocks have sold off, and john and Pete Najarian are with me here on 1 market, and we ask your opinion as we wait for the president. Well, it is incredible, and jon has been all over the story, but brexit, and now it seems that the world is getting more and more concerned about it, but brexit, and the fed and thele volatility of the way that it is skyrocketing, and even in the markets that are not that volatile quite honestly, and i look at the markets and going down 100 points, you dont expect the vix to move last thursday 14 and then 17 on friday and today, well over 2 1 and yesterday a huge jump in the volatility, and so concern out there, and unsecertainty, and t correlation of oil remains right intact, and down 1 , and markets down on the day. And the biggest loss on the s p since february and we mentioned the vix, but it in part the brexit issue as the polls over there are showing the creep up in the those who say leave. Well, they want selfdeterminati selfdete