Can these stocks keep surging. With us for the hour, Pete Najarian, steve weis, also with us on set is tony dwyer. Weis, ill begin with you. You like this group . You own netflix. I do. You say you may buy facebook today . I would love to buy facebook. Ive been talking about it for a number of days, a couple of weeks. I agree that Mark Zuckerberg is one of those unique individuals, like a steve jobs, who is creating an entire new asset class, as we look at it, and technology, of course. Look, the nasdaq is not expensive. And if you its like 18 times earnings as you go forward, youre still going to have this low inflation. I mean, we looked at durable goods orders today it was a disappointing number. The revision was disappointing if you have that low inflation, youll want to go for growth youre not going to get the tenyear moving much above where it is. So growth is personified by the f. A. N. G. Stocks. So they will keep going. Theres no doubt in my mind in this environment youve been
Later crude oil just made a run to 50. There is something in the chart that can spell trouble for black gold well tell you what it is. The action begins now. Welcome back everybody, it has been a wild couple of days for Technology Nasdaq posing its backtoback losses after earning its alphabet google. The biggest name in space, the biggest name in the World Reports thats apple two request, what can we expect from apple and should investor be bulished . Dan over the last week and a half, it makes sense to go back and look at the biggest name drive. We had amazon and facebook and google and microsoft, thats about 2. 3 trillion on market cap. A 4 move in either direction of those. They under performed those moves. These are stocks that are up 30 or 40 i think thats incentiv structie you can assume that it is likely to under perform its 4 . It is interesting when you talk about what amazon did, first of all, we have seen this kind of thing many, many times before the price of these stocks a
Good morning, welcome to squawk alley. Were at post 9 of the New York Stock Exchange joining us this morning, re ric executive editor kara swisher joins us a lot to talk about including Apple Earnings after the close tim cook tempering expectations especially when it comes to iphone sales as more Customers Put off buying new devices in anticipation of the tenth anniversary iphone which may arrive as late as apples december quarter kara, a lot has been written about this particular cycle. Both the features and phone and the timing of the release. What are you going to be watching for tonight well, i think nobody is paying attention to this quarter. Theyre anticipating the next quarter. Projections will be happening in the december quarter thats whether they start selling the phones there is some stories it will be release the later and theyll be in limited quantities. I think everyone is focused on the phone and not you know this is the midyear trough as dan wrote today on recode. But i
Starts right now. Welcome, everybody. That tech rally is fading a bit. We did get key levels here. Google hitting alltime high earlier today is flat right now and the oil crush, that is continuing in todays session. Take a look at this and where we stand down 1. 8 , capping off a streak. Ty . Melissa, thank you so much. Im tyler mathisen. Here is what else is happening at this hour. Transportation Department Says more than 53 million vehicles were recalled in the u. S. Here last year. And that is a record high. Massive demonstrations across south korea following a massive corruption scandal. Nearly 40 Million People are under a Winter Weather advisories, from ohio all the way up to cape cod as very cold weather moves through, bringing snow to these parts. Some parts have gotten more than two inches of snow. Imagine that. Washington, d. C. Mostly spared from todays storm. Theres another storm brewing. There always is in the Nations Capital and michelle is live there for us. Hi, michelle
These cells contain heavy downpours and you will see ponding with puddling and ponding on the roads lifting south to north. The winds have been fluctuating at 14 around the estuary in oakland also the port of oakland. Otherwise, pretty light to under 10 Miles Per Hour. But will be sustained 10 to 20. If you look carefully here you can see the pounding rain at the Golden Gate Bridge at this very early hour. Temperatures are very mild, very muggy, 50s, 60s. Well have scattered showers throughout the day today. The potential of a thunderstorm containing small hail and the gusty winds. Temperatures meanwhile up to about 70 degrees. Well continue to track this system and an even bigger one heading this way but first heres michelle. Roberta, thank you. Crews are keeping a close eye on coyote creek in santa clara county. They are worried it could possibly flood again with all the rain. Earlier this month, City Council Members presented a threat m8trix. It will help assess the risk of flooding