The Reagan National and washington but we talk about the airlines with edward and we start with you. Reporter yet, friday rally. Not seeing two days of gains a row and we not seen that and wrote while but they come back in today and closing near the highs of the session for all three major averages with the exception of energy all of the sectors were in the green, led by technology and the tech trader regained its momentum today. Lets take a look at apple shares up around 4 today all of these names, higher on the week with the exception of google just fractionally lower in the nasdaq higher this week but the Broader Market down or weeks in a row and is the longest losing streak since last august, augus. As you can see, the dow down one and three quarters of the week. S p down. 6 but the nasdaq certainly higher. In fact we have one dow stock that actually notched a record high today, that was a nike on a solid blowout earning report and their revenue is just about where it was last year
Investors. What do you make of these dynamics taking place in the market you know, it makes a lot of sense personally if youre concerned about your health to take precautions for your family to avoid risk. In financial markets, you should not be trying to avoid risk at times when prices are incredibly distressed if you look back to the financial crisis, we thought the Financial System was going away. If you look back to 9 11, you thought society was permanently changing you have these moments of stress where investors, because of uncertainty, say now is 250itim protect our portfolio, when in reality the prices offered at such you should be more of a risk seeker at this point in time yes, to your question where do you hide today relative to next weeks stock price, thats very difficult to guess and we not going to pretend that we know what to do we can say if you look out, these are very, very attractive entry points into some amazing companies. Win, i understand the logic this is an att
Dp lets say it gave a nice boost to the averages. Dow up, s p 500 up. 33 . Nasdaq up. 33 interesting synergy there, huh but as important as the Federal Reserve might be, can we just say that its not the only thing that matters there are a lost constraints on companies these days that have nothing to do with the fed and after hearing from apple and facebook after the bell, can you imagine these two Huge Companies tonight, you know what its head scratching i mean, theyre up weve got to devote more attention to a couple of things in particular i never really talked about on this show. We need to spend more time talking about the lack of time to consume all there is out there and we need to spend more time talking about the government, meaning the newfound menace of government when it comes to classic digitized now big business while facebook and apple both reported strong numbers i think the stocks should have been up much more than they are in after hours. Theyre good but i expected grea
,ere talking about the unity the risk is they will alienate some republicans. To what extent does he make an to print try and bring democrats in case they need them at some point in the future . I think what you will hear from the president is him say that democrats should get on board. Those are just words. When you look at what is coming out of democrats, you heard this on Bloomberg Television earlier today, there is not much you can see from them in order to get on board in terms of policy. Or two,ght be a line but altogether, this is smart. How they have come together for the new tax framework. Onent trump on stage stage in indianapolis with his tax. Lets listen. [applause] pres. Trump thank you very much. You just want massive tax cuts. That is the only reason that you are going so wild. It is wonderful to be back in the great weight of indiana. What a place. [applause] pres. Trump i want to thank senator todd young, senator joe donnelly, representative jackie larson, representati
Good monday morning. Welcome to squawk alley. Were at post nine john fort is live at one market in San Francisco what a morning, guys, for the first day of the second half of the year not only is the dow set a record high, transports setting the first record high since the beginning of march but you have the ten year at 234, above levels that they said were critical. What does this say the dow, the transports, financials, its coming to some degree at the expense of the big cap techs. Seems like a first of the month effect june if you remember, june 1st, market was up. 75 you have the 2430 in the s p 500. You closed june below. That it seems like a rush of money. People looking for that rotation to continue into july. Does it count on a shortened session . I it this prices count do we have a majority i dont know exaggerated on some level in term of the magnitude of the lift especially after the open certainly got our attention well see if we get any followthrough after the holiday. Join