On tracks throughout europe, the cars competed in disciplines including autocross, racing through formula 1 like twists and turns as fast as possible. . . . . An endurance trial through more than 20km of track to push the limits of battery management. . . . . A test of grip and downforce by. . . Basically going round in a circle as fast as possible and then there s acceleration. It s a drag race, basically, and it s this last challenge that one team, amz racing, absolutely blasted last year, going from 0 to 100km an hour in. . . Well, i ll let you know a bit later. Amz includes students from lucerne university of applied sciences and arts and eth zurich, and i dropped in on the team s swiss hq. And up here is the electronics department at amz racing. We re going to meet lara. Not that lara. For one car to excel at all of these events, it not only has to have a powerful motor, but also computers have to control the traction and fine tune the speed of each wheel individually, and someh
Sales way ahead of the season which would be black friday. Seismic shift here to this calendar here. Does this surprise you . Melody, you start to talk about it since june and every year it is further back. It is making me crazy. I admit that is maybe i am old school, everything you just mentioned until after thanksgiving that to me is the official Holiday Season bahumbug amazon is rewriting the script i guess in some way is good for them we have sales, walmart and target during the week and especially in light of this weird environment we are in which is an expectation of stimulus but no actual stimulus here well, we may be the line of misfit tonight there is no question amazon and walmart are the leaders. An acceleration of all these trends we spent so much time talking about fast money of the trends being pushed forward but already in place 49 measured through last month. As you go into the Holiday Season is bigger amazon about 32. 5 it goes to 38 they continue to take market share
From todays apple event we start with a major selloff in the financials the biggest driver in the market with the xlf falling more than 1. 3 citi dropping 7 today under pressure that regulators could crack down on the banks Risk Management systems the stock is now down more than 12 in the past two sessions guy . Dan nathan has been talking about this for a while one of the things weve said is todays banks are much different than ten years ago theyve become utilities you have to look at them differently and you have to factor in valuations much differently. Ill say this quickly about citi right now at 45 the stock is now trading 63 of tangible book, assuming that tangible book is accurate thats levels we last saw probably in the financial crisis these are trough valuations in terms of the price of tangible book i think Warren Buffett told you everything you need to know about us banks hes obviously paring down exposures in banks i think that tells you a lot as well in terms of citi, its
Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
The s p 500 posting best quarterly performance since before 1998. Lets go back in time to q 4 of 1998 the index finished the quarter of 19. 95 . In december of 1998 the employment rate stood at 4. 4 . Today we are at 13 . Back in the day u. S. Gdp growth was 6. 6 importan . Back then it was 5 . Why are we playing this song we have a few Britney Spears fans the big lebowski one of the biggest movies back in 1998. The party ended with the dotcom bubble burst what happens now, guy . Can i start the game with a would you rather there is no game. Go ahead would you rather go see Britney Spears in concert assuming we can go see concerts . Or go to amc and watch rerun of the big lebowski i know where i stand. Id go with the dude. You know something, someones in your ear right now telling you because you never saw the big lebowski. All right i read about it. Anyway, go on. Listen, good for the market unbelievable quarter, half year end, whole thing goes out on a high note. Its fantastic you ca