Know the state of your health that day . A few weeks ago, Reed Hastings surprised the corporate world when he said even though he was the ceo and founder of netflix, he would give up that position and become the coceo. I have been a coceo for a while. It can work and it did work for me but it is challenging to be coceo. Ceo and be the you realize he does not have a big ego. He is willing to listen to other people. I think it will work and i think it is working. Public iny now, point 2002, the market cap is up 86,000 . Stock is up 41,000 since then. Did you ever think it would become that big, that successful . No, because then i would never have sold a share. You never know on that. Honestly, there has been a lot of luck along the way. Blockbuster could have wiped us out many times. Off blockbuster in 2004, they saddled them with a billion dollars of debt as their goodbye kiss. That severelyn limited blockbuster when they attacked us. That was one. Another one is blockbuster had is on
Side 59 minutes heft in the session. Ahead on the todays show, within striking distance of the lows, Liz Ann Sonders weigh in on whether it is too late to get into the market rally. Plus, well speak from twillio ceo. Think lost steam on the back of the earnings and a stock offerings. Lets focus on the big stories joining us to talk stimulus in the Capital Gains tax is Chris Krueger. But first, mike with you and the Broader Markets. Stepping up a little bit from the highs. We have they make a very near approach to the closing highs from february about 3383. Right now somewhat lower than that this is a twoyear chart of the s p 500. Still doesnt look like much of a moderation in the trend. The v bottom off that december 28 nl lth low, we did get abovee prior september high we had a little followthrough for a new high then the occasion for really the first decent pull back of that run. Also very big moves in treasuries and gold. A lot of the hot money having a little bit of a violent day t
The American Revolution of 63. Correspondentws frank mcgee. Frank there comes a time in the affairs of men when they sense their lives are being altered forever. An old order is dying and a new one being born. That comes sooner for some, and others later. For some, the moment arrives when a deed of new dimensions set the hour apart. For others, when familiar words are spoken more sharply. Later but still suddenly men are saying things and doing things they have never said or done before. Then we know we are experiencing a revolution. We cannot say, the historians will try, when it began. We know autumn does not begin with the turning of the leaves, but earlier on some forgotten afternoon when a shadow passed over the field. Revolution began in birmingham or did begin in 1955 in montgomery . In 1954 with the Supreme Court decision . In 1863 with a president ial proclamation . Some roots reach back to 1776 to an independence declaration, 52. Back to the year the American Revolution began
Altered forever. That an old order is dying in a new one is being born. That moment comes sooner for some, and for others it comes later. For some, the moment arrives when a deed of a new dimension sets are apart. For others, when familiar words are spoken more sharply. Later, but still suddenly it seems, men are saying things in doing things that have never said or done before. Then we know we are experiencing a revolution. But we cannot say, although historians will try when it began. We know that autumn does not begin with the turning up the leaves, but earlier on some forgotten after news when a shadow passes over the field and its no longer summer. So this American Revolution of 63 began this year in birmingham or on 1955 in montgomery . Or did it began in 1954 with the Supreme Court decision, or an 1863 with the president ial proclamation. Some of its worst reach back to 1776 to an independent revolution, even back to the 50 to win the apostle paul said god has made of one of us
Up pressure. A big thing the marked is watching into the weekend, stimulus negotiations in washington they appear to be stalled with no breakthrough yet. But that could change. We have 59 minutes left of trade. We do sara, as i know you were equally with me on this, we also happy birthday wishes to closing bell and power legend bill grijive who shargri griffith who shares our birthday and mrs. Carl quintanilla. It goes on and on this great seventh of august. Popular day great day it is because of them, not us. Coming up on todays show, tensions ramp up between the u. S. And china, well speak with i ian bremmer and why a worldwide depression is coming plus, the weeks storm driven Power Outages have been a major headache for people working at home. But they gave a boost to a generator company. Well speak with the companys ceo in a few minutes lets focus on the big stories that were walking mike santoli is tracking a volatile market session. We have the latest developments on the stimulus