Facebook, is there still too much risk in the stock and differ devidend darling. Ten stocks making big gains. The Halftime Report starts right now. Welcome, good to have you with us on this thursday our vichlt committee, joe turn know, Jim Leventhal and pimco portfolio manager. Nice to have you back. Lets start with the selloff of stocks, it was the worst day for the s p. Chicago pmi number going cold water on things may be bottoming. Josh, about to come in today, apple good, facebook good, earnings pretty good wow that pm movement, 43. 3 versus an estimate of 48. 5, the worst since 15. Are we reassessing now once again . No, because we had a rate cut yesterday. Well it may pause now the s p 500 hit an alltime high yesterday its down marginally today if the stock market went a point a day, no matter what, wed number a bubble. So we backfill perfectly natural. I think there are those that hit prior levels one could be the kre, regional banks down today double sfs on the session. They ju
The day. Halftime report starts now. Welcome g good to have you with us our Investment Committee at the table today. Also with us on set today is cnbc senior economics reporter Steve Liesman in a few moments, as you heard, joined by adam bain stocks focussing on the fed. The twoday meeting underway why they expect to cut rates tomorrow the question is as we asked at the top, is it the week that sets stocks on a course for a new milestone or not its possible i want to be constructive here so if youre looking at if youre looking at technicals, you can say, okay, for the First Time Since last september, youve now got 72 of the s p 500 above the 200 day, which means more than twothirds of stocks almost 3 4 are in their own structure bull market. That happened last october i dont know how forward looking it is. It is a positive especially when you consider the fact that were getting participation from across the market its not very narrow its very broad. That being said, theres junky retail
Keith bliss. Keith, welcome thank you very much, morgan good to be with you. Mid averages did hit new records this morning but have drifted back down to the flat line, not really moving very much right now are you surprised by that . Not at all. Im a little suppliesed at trpre lack of action it seems theyve hit their own food coma as we wait for earnings to come through we have 300 companies that are going to report next week. We are on fed watch, of course, waiting for the july 31st Rate Decision a bit like waiting and waiting markets are taking a breather right now. Here in the u. S. And elsewhere around the globe, people are starting to go on their holiday so you have lack of participation. Were going to get into all of that a little more. Secretary mnuchins crackdown. Wilfred is covering citi earnings dion is watching the debt ceiling debate lets begin with treasury secretary Steven Mnuchins comments on crypto moments ago eamon javers has that. The rarely used White House Press Bri
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I got it. If this stock is a buy or should get kicked to the curb. Do you know the show hasnt started i know. Getting away from you. Youre not supposed to talk yet. Were excited. Im melissa lee, coming to you live from studio b at the nasdaq. On the desk tonight tim seymour, who is already made his appearance. Chatty tim. Steve grasso, guy adami and julie beal. We start off with the potential turmoil in washington. The house without a permanent speaker after housing Kevin Mccarthy last night. So, who is throwing their hat in the ring . When will there be a vote . What will new leadership mean for congresss fiscal agenda . Lets get to Emily Wilkins for the very latest on this. Emily . Hey, melissa. Well, the race for House Speaker is under way. Steve scalise and jim jordan both officially announced today they will seek the gavel, other members are looking at a potential run including congressman kevin lehaern. Republicans are going to meet on tuesday. Theyre not going to have a speaker