Good wednesday morning im Carl Quintanilla with jon fortt and sara eisen we have Jason Calacanis with his new book entitled angel. Nasdaq hits another record high. Were trying for backtoback days of record gains index is coming off the 43rd record close of the year one standout is going to be amd soaring after beating estimates in the recent quarter issuing strong guidance. That stock is on track for the best day since june 21st the best day in weeks here after an amazing run already. Yeah. First of all, thank you for having me. From what you have seen so far, i think 20 of the s p is already seeing strong numbers out there. From the internet point of view what were seeing, which is very Strong Demand that continues secular shifts, offline advertising coming online, you saw that in googles numbers they are expecting that in facebooks numbers it is strong numbers from advertising driving the demand. This is what we call jason, the sweet spot of the secular trends we have been talking ab
Yeah, scott, weve been talking about this on the show a lot. I think, i think most of us were excited about the possibilities of the jet. Com acquisition this takes it a step further and walmart and google, if both are going to be successful at what they obviously have to do in the next five to ten years, they kind of need each other googles got to figure out the voice internet because if display internet starts to become a dying incumbent thing, where are they going to put the adds . So if voice and virtual and things like that are going to be next, theyve got to have an answer to it and Google Assistant has to have some utility thats where shopping comes in same for walmart obviously, ecommerce, if that starts going toward voice, sitting in your house and saying, you know what, i think i need new paper towels, having your digital assistant say to you, how many would you like me to order or what brand is a little bit cumbersome. So having Consumer Preference stored, walmart already kn
You really meant that today. I had a long week. So did you. I did, indeed. Happy friday from me as well. Im wilfred frost. Straight to the market action. Erring earnings in a minute, first a scary moment at Laguardia Airport last night. The Campaign Plane carrying Vice President ial nominee mike pence skidded off the runway after landing in heavy rain. Emergen Emergency Personnel evacuated everybody on board. Nobody was injured. The plane did not strike any of the fencing and was never in danger of going into the water. Later this morning, governor pence will join the team of squawk box in the studio live at 8 00 a. M. I landed in laguardia last night around the same time that governor mike pence did. Then they closed the airport, and had a full grand stop. It was very rainy, wet, skittish. A bit. Delighted that everybody nobody has been hurt. Delighted to be back. And you had a safe landing. Lets check in on the Global Market action. Futures are looking a bit soft, down about 5 points
Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many it than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . Wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. Nothing really had changed aside from the fact that it had gotten much cheaper than it should have b
Than my view that you should just own apple, not trade it. Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many criticism, so much cat calling than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . What wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. As the s