Halftime report starts right now. Welcome. Its good to have you with us on our wednesday. Jim lebenthal, Pete Najarian and from naples, florida, lizann sonders. Highs of the day, approaching big numbers, dow 30,000, nasdaq 10k, not that far away and cooperman weighing in on the state of stocks, telling us its not time to worry, yet. I would say were in the early stages of knocking on the door of euphoria but not quite euphoria certain parts of the market, like tesla, are in euphoria. Other parts, like energy, are in pessimism. These big numbers not all that far away, pete. All good, the market depends on what were focusing on. Are we focused on the coronavirus . If so, we go down. Generally were focused on earnings and we go higher. Thats where the market has been trading. Yesterday was interesting because apples with a little bit of both, right you look at apple. It was getting pushed down because of their guidance about what they were facing right now, what they were seeing Going For
Of the far left thats upset about the response to palestine. Thats Rashida Tlaib and more. Theyre not going to vote for trump in november so theyll stay home then. American people expect a level of transparency is what was really said behind closed doors with President Biden. Unless the public really pushes the city council to amend the law if not outright appeal them, the mayor is up the creek without a paddle. People working for the federal government receiving taxpayer salaries will be basically lining up democratic voters. Im not surprised by this. Stuart what is this song . I like the rhythm and momentum. Its 11 00 eastern time. Wednesday, february 28. What kind of accent was that . Stuart not a very good one. Thats why youre laughing obviously. Check the markets please and the dow is only now 60 points and its only down 58. A lot worse earlier. Show me big tech, please. Its been a mixed picture earlier and now. Microsoft is the only winner. Amazon, alphabet, apple on the downside
November 30th, 24,000. 25,000 this week, well, we are very close. The latest gains are all about tax cuts, the house votes today, it will be a yes. The senate votes later today or tomorrow, yes, looks almost certain. The president could sign it into law on or before christmas eve. Yes, this has been a remarkable story. Weve had a frontrow seat to financial history. What a ride . Get ready for another big day, we are running right at 25,000 and Varney Company is about to begin. We are moments away, literally from white House Homeland Security adviser tom bosset holding a briefing. He is going to publicly blame north korea for the wanna cry cyberattack that crippled Computer Systems around the world. We are going to watch this to see if calls it act of war, important, ashley. Ashley very important. This virus that link back to north korea went out on may 12th, computer worm with ransom ware. More than 200,000 and ep crypted the encrypted the data and the ransom part, you pay us money and
Record highs, unemployment for africanamericans are at record lows. Companies giving bonuses to employees over and over again, they keep telling us, the republican tax law. You know what . The Mainstream Media are barely noticing any of this good news, any of it because ill tell you why. It makes him look good. They cant allow him to look good because it doesnt fit on their narrative. Well have more. Showdown on capitol hill, that the democrats are willing to put our National Security at risk and cut funding for our military all over daca. The president is willing to work on a solution for dreamers while securing the border but the dems are not budging. Well have live report from washington. Nicole at the on the floor of te as we get near a new record. What do you hear about 26k, nicole . I have to tell you, when we crossed 26,000 at opening bell the hats came out. Everyone thousand point milestone is still a big deal. We have seen seven, today would be the 8thth 1,000mile stone since
Now below 48. Roll back with china falling hard. The biggest drop in eight years. A 40 billion farm pa deal. Teva buying allergan and mylan and facebook. Its two price targets ahead of wednesdays earnings. The impact that is having on the nasdaq. First up this major selloff in china. The s p and nasdaq each coming a off the worst week since march. Jim, you have been fielding questions on twitter all morning long. Why the pain . You wrote, because we are china right now sample we are. I mean look i wish which werent. It was amazing to watch china roll over in the middle of the night and then see our futures unchanged. Thats just false. I mean the reason its false is because there is a link between minerals arc link between oil and us. So we have a lot of companies that i think arent going to do well with coin going down. More importantly the rest of the world, holly cow, is brazil going to take the product . Europe . You need to see europe get stronger, brazil not just kind of go away a