Halftime Investment Committee is lining up with their buy list. And Richard Fisher, and Blackrocks Rick Rieder are with us live. Halftime report with scott wapner starts right now. Welcome good to have you with us our Investment Committee is at the table today. Lets begin with that new milestone for your money, stocks surging to a new record high june now the best month in almost four years. Joe, theres a lot in the market now. Considering 100 prediction for the fed in july. How high can stocks go stocks can continue to go higher and they continue to go higher because west diversification story. We dont have the overattraction to the momentum equity oriented type names youre looking at apple and amazon and netflix that are still below their highs from last september, so last time that we visited these levels, okay, what we experienced was that momentum is where everyone was and it was crowded i think whats you anything and the reason we can propel high they are time the market is focus
Im melissa lee. On the desk tonight, mike khouw, carter worth, and Brian Stutland we start off with the market wobbling a bit the s p and nasdaq ending a fiveweek winning streak the nasdaq fell over 2. 5 . Next week well get inflation and cpi and consumer as disney, ralph lauren week after its the big boys, walmart, target, macys, home depot, and many more let lets kick it off with the charts carter, what are you expecting here for disney . First lets look at the disparity or divergent between the s p 500 Consumer Discretionary sector and sector youll see on the first chart these two lines. One is the actual sector as producted by standard and poors, up 30 year to date. And of course thats dominated by amazon, tesla, home depot and mcdonalds the consumer line, thats the same sector, but every stock is given equal weight, so foot locker gets same as amazon thats a much different story. This is as big as important as it gets. Not so much in terms of market cap, but its dow stock, one of
Sights on foxconn as they are the latest target of regulatory probes. Later in the show, House Republicans try to elect a speaker with several Party Members making their bid for the top job. The latest from washington on this monday, october 23th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets get you ready to start the trading week off with the check on the u. S. Stock futures. They are red across the board. The dow would open up 80 points lower. Stocks coming off the tough week, but the major indices shedding between 2. 5 and 4 last week. Look at the nasdaq which was hardest hit last week. Dow down 2. 5 last week. Crossing back into negative territory for the year with the 2. 5 drop. Remember, that was last week. This week is the busiest for earnings season set to provide fresh fuel for stocks. 30 of the s p 500 and 40 of the dow will be reporting. Among the notable reports is four of the mega cap tech names
Edging higher. And theres been an a eerie sense of anticipation as investors are still seeking clarity and answers as they adapt what has become a new paradigm. Meanwhile, Israeli Ground troops, the Ground Invasion appears imminent. Tanks have lined up against the gaza border. Weve got greg value year and Greg Valliere and kt mcfarland. And staying the course in life and in the stock market. Were going to follow up yesterdays town hall today with a very special guest. In the war that turned College Culture upside down. Special guest Charlie Arnot on why campus life may never be the same. All that and so much more on making money. Charles you know, theres a old saying that the market doesnt like the unknown and certainly not the guessing game. Yet the certainty game has been confusing, and this year its lost a lot of credibility. Think about this, the market rallied through a significant Bear Sentiment all year long. Bond yields have soared even as the experts said that the early stages
Good morning and welcome back to bloomberg daybreak europe. I am kriti gupta in london. Tension simmer in the israelhamas war as President Bidens visit fails to win over arab leaders. The area signaling full backing when it comes to israel. The u. K. Prime minister begins his middle east war today as well. A selloff is underway in asian equities. Turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. We will dive into the details. Earnings season is underway. Tesla reporting on earnings miss as elon musk dials back growth expectations. On the other hand, netflix soaring after hours in the u. S. Session following a pretty big boost to. Subscriber numbers we will hit the major european numbers as well throughout the hour. Theres a lot of crosscurrents to really kind of work our way throughout. I want to start with the broader picture and talk about futures trading. Risk sentiment is sour over in asia. Its not exactly g