Action Toll Brothers and stitch fix stocks are moving. Well break down the trades straight ahead we start with target practice, folks. Looking into next year more firms putting out 2021 s p forecast its quite a range, citigroup 3800 three percent higher than now on the s p at the other send j. P. Morgan 4500 about 20 percent upside so folks as we gear up for next year, which camp are you in guy . Are you at the low end 3800 or closer to jpmorgan. I will tell you what im in i love Tyler Mathison. Nice to see you. Youre the man. Thanks for being here tyler. Tyler, what was that show boldly go where no man not star tr trek you a fan . I never was a fan thats okay. Nor was i chauvinism notwithstanding, for the first time in History Today Global Market exceeded 100 trillion of market cap, 115 percent of global gdp and s p 500 now about 180 percent of u. S. Gdp just ridiculous numbers. So i understand why the market is going higher, i get it, but id about in the low end of that camp, tyler.
Im still gal welcome to the program the European Unions Incoming Commission president has won the Parliament Approval for the new team but the law is the 1st woman and the used top job and she has set out goals to turn the bloc into a green superpower to boost Economic Growth as well as those challenges should also have to deal with deep division amongst e. U. Member states. Resulting approval from the e. U. Parliament confirming the new team of Incoming Commission president lyon. Line is the 1st ever woman Commission President and her team of 26 dont differ too much in profile from the usual brussels career politicians but her ambitions are a marked change her ideas a forward thinking as is the gender balance of her team it is a team with almost all walls as many women as men only one woman away from gender balance this shows. This shows we have made Real Progress but also that we still have to do more from the lines primary focus is on Climate Change at the Upcoming International cli
Deep political. Allegations of a cover up of the suspected. Of an investigative judge. Program and. Im still gail welcome to the program. The European Unions Incoming Commission president has won the parliaments approval for her new t. V. A sort of funded line is the 1st woman to hold a used top job and she has set out Ambitious Goals to turn the bloc into a green superpower and boost Economic Growth as well as those challenges should also have to deal with deep divisions amongst a u. Member states resoundingly approval from the e. U. Parliament confirming the new team of Incoming Commission president lyon. On the line is the 1st ever woman Commission President and her team of 26 dont differ too much in profile from the usual brussels career politicians but her ambitions are marked change her ideas of forward thinking as is the gender balance of her team it is a team with almost all levels as many women as men only one woman away from gender balance this shows. This shows we have made
Inflation, theres one indicator they follow particularly closely, and here it is. The pce price if index which measures changes in the cost of living for households. In the last year its gone up just 2. 4 , very much as expected. Not hot. Finish the market kind of likes it. Before that the number came out, the dow, the nasdaq, the s p, theyre all way down. Now theyre the up. Nasdaq up about 93 points. Interest rates were edging lower, now theyre just about unchanged. About 4. 25 on the 10year, and the 2year well above 4. 5, oh, yeah, 4. 65 . Oil getting closer to 80 a barrel, 78. 90 right now. Gas is actually up 2 cents to an average of 3. 31. Diesel, down 1 cent at 4. 06. And now here you have it, bitcoin, its had a great week. Where is it now . If 62,999. Ill call that 63,000 the per coin. Poll ticks. Dueling border visits. Biden goes to the very quiet brownsville section. In his remarks he will blame republicans for the crisis. Donald trump goes to the very active eagle pass section
Cap names in the green today, including nvidia, back above 900 a share, 920 to be exact. Apple puts a touch lower after be Berkshire Hathaway cut for tax purposes, and strong day for uber, after the Company Holds its annual meeting. Weve given you highlights on this day, it does take us to our talk of the tape, the rebound, and whether you can trust it. Lets ask our panel, dan greenhouse with asset management, stephanie link, and steph and court are both cnbc contributors, everybody at post nine, having a little party over here. Steph, can you trust this bounceback . Its been pretty darn strong from the april intraday lows, s p up 4 , russell 2000 up 6. 5, nasdaq up almost 7. Earnings are coming through better than expected. Growth rate year over year is 7. 1 . If you exclude Bristol Meyers 12 billion charge that was 10 . No one was talking about 10 growth, why, because youre going to see the growth, because the growth is coming through. I know everybodys focused on inflation. I am too