1. 2 million. Thats the lowest since the pandemic began we will tell you which sectors of the economy are hiring the fastest. The answer might surprise you. This company is powering up Artificial Intelligence for Big Companies amid the coronavirus pandemic and the stock is soaring. The ceo of live person i dont know if you can get a live person on live person but thats the idea. That person will join us later this hour. Power lunch starts right now kelly. Im here live live person a big company to watch. Look at this 11,0 11,062 we could have that over 11,000 close like you pointed out for first time in history. Remember that massive run higher in the nasdaq keeps going. At what point will it stop well have to see. Theres a little skepticism building out another place thats driving the action in the nasdaq is the Biggest Company of them all out there. That is apple. The number were looking for is 467. 77. Thats the number at which apples market cap reaches a total of around 2 trillion.
Record high today, up more than 17 this year. Check out the big tech names hitting fresh alltime highs in todays session, apple, microsoft, facebook, amazon, netflix all marking new highs. Is this headed straight for a giant iceberg, guy [ laughter ] when you read that, you hesitated reading that this is the bubble in my head literally said should i read this or should i skip over it, titanic tech run headed straight for a giant iceberg. I went with it lets go with the metaphor. I am a fan of leo i know you might find this propostrous but leo is a huge fast money fan we should collectively give a shoutout so i was talking to the great dan nathan earlier today and we were just talking about the move in amazon. Amazon is up 3 today. Amazon has added this month which i think today is the 9th of july. Just this month its added almost a quarter of a trillion dollars to its market cap. I think there are only 22 companies in the s p 500 that have a market cap of a quarter of a trillion dollar
Democrats and republicans. It turns out the two yard line is a place you can be for two years two days. Rosalind you are the resident sports fan so you are the best position to talk about how frustrating that is. Bob. T to bring in how many times in your career have you seen this make or break legislation and of course at the last second everyone remembers the tarp. How much of this is what you come to expect when so much is riding on a vote when there is a pickup or wrench . This is the way washington works. You have all kinds of backandforth, lastminute stalls, somebody tries to put something in that was not in before. Somebody objects. This is the political process. The Biggest Surprise would be we dont get legislation in the next couple of days. Romaine we are getting earnings from micron, the Semi Conductor maker. They are beating estimates as is the two q revenue. 4. 8 billion. The estimate was 4. 47 billion. 32 revenue they are anticipating thirdquarter revenue they are anticipa
Then Investment Committee is ready to go. Halftime report starts right now. Good to have you with us. Our Investment Committee is here with us today. Want to get right to the markets where stocks have hit an air pocket within the last 30 minutes. About 100 points on whi s off ow on the dow and the ten year yield lowest since early february a spike in gold. And by the way, has everybody searches for answers as to what is going on, karl says that iphone sales in china may fall by 40 to 50 in february and march compared with the same period last year so we have to keep our eye on all of that. Goldman sachs wonders whether were all underestimating the impact of coronavirus on earnings and the market at large. Very possible we could be and i think that it is important to remind everyone that it is a lot of fun when you have five or six stocks that are so gigantic that rallies in those names take the entire index with it but when people get concerned about for example an apple and take the n
You, Procter Gamble Ceo David Taylor will be here to weigh in on what was the best quarterly organic Revenue Growth in years. Joining us now for the hour, though, charlie baa brinskoy from aerial investments. Industrials are an interesting standout today given lowered expectations for u. S. china trade hopes. What is that about low expectations. We had some people report and they were better than peoples fears. We had big companies, the big maker of drilling rigs people were worried about that, they beat, and the stock was up almost 15 Zebra Technologies makes scanners, and that business was better than expected, the stock up 15 . Low expectations, you think, which are easy to beat on earnings, but not on the fed you think maybe only able to cut in the shortterm . Yeah, that is the consensus prediction i happen to agree with it, which is one cut, 25 basis points. I dont think theyll pull a baitandswitch. I think they would not want to mislead the market i think that will happen, but it