More bullish than anyone else on the street. To the markets desk right now, where julie hyman has the latest. Jules . Earlier we were sort of drifting, unchanged, but now things have turned higher across the board. Reclaim theo records that we saw back on wednesday, but nonetheless still the s p is up one third of 1 . Lets take a look at the week as well to get some perspective on the record that we saw on wednesday. You can see it pretty clearly here, the record levels where we were on the intraday closing basis. Even those climbing back, still not at those levels. Back to todays session, a lot of push and pull going on. Companies like general electric, falling even after earnings Beat Estimates because orders fell in the second quarter. Apple under pressure has one of its egg suppliers, skyward issuing a warning related to its biggest customer. Paypal, holdings falling even earningstes beat Beat Estimates as well. Back to you guys, i believe we are going to hear from the president. W
Joining us on the phone. You there . Thanks to having me. Welcome to the show. Why the down bragrade . You make a different call today. Why . A year ago we dramatically raised expectations and thought the company was prime to blow past consensus expectations. You know, wall street Investor Expectations and thought with that meaningful beat to expectations even though the stock had been great it would continue to trade higher. The stock exceeded our price target. Consensus expectation, street expectations, are much higher. Actually above where we are. Weve made minor adjustments. Expectations is the issue. People are expecting facebook to keep crushing quarter after quarter. Were wored about this company 300 billion in market cap, thats getting harder to do with where expectations are set. Were taking a breather. This is still not an expensive stock. Still a great company, but i think expectations may have gotten a little ahead of themselves mplgtsahead of itself. How much larger, other
I want to tell you, that was unity. I saw you last night. [cheers and applause] that was unity. Charles in the middle of his victory speech in talking about unity donald trump took some time to finally address senator ted cruz in his nonendorsement. I dont want his endorsement. If he gives it i will not accept, just so you understand. I will not accept it. It wont matter. Honestly, he should have done it because nobody cares and he would have been in better shape in four years from now. I dont see him winning anyway. Charles a very busy two hours coming for you. The Bush Campaign mark serrano. Mark, a lot of excitement and enthusiasm from the convention, you know, im not 100 sure i agree that it was completely unified. Donald trump himself bringing up ted cruz today. Yeah, charles, i literally just got back in from cleveland and it was really a remarkable atmosphere specially last night. Hes right about that in many ways. And, you know, ironically ted cruz did more to unit the Republic
Clinton, death, destruction, terrorism, and weakness. But Hillary Clintons legacy does not have to be americas leg assy. Thats last night. Plus, Hillary Clinton getting ready perhaps as early as this afternoon to introduce her Vice President ial pick. And one liberal favorite, well, she has a hunch. Is there any chance that i could announce on the show tonight that you are Hillary Clintons vp pick . Because that would be a huge thing for me to announce on the show. Steven, i think if it were me, i would know it by now. So probably not. With us on this fun morning after the republican convention, afternoon now, i guess, the insights, we want to remind you, the president of the United States and mexican prpt could come out at any moment. Im guessing theyll talk a lot about donald trump last night. President obama met a couple of weeks ago is this him walking out now . Well take you to the white house live. President of the United States. Good morning, everybody. It is always a great plea
Reporter i think thats absolutely right, andrea. And after heard her consistently stress that point that what matters to her is that the person that she picks to be her vp running mate is able to assume the office of the presidency on day one. Thats what shes looking for, and aye been working my sources, i know you have been as well around the clock. What they stress is that the buzz around tim skainz grkaine he checks all of the boxes, not only a senator, former governor, he has Foreign Policy experience serving on the Armed Services committee. Hes also someone by the way who speaks fluent spanish. Thats something that will help with a critical voting block undoubtedly. Look, secretary clinton likes campaign and the two have good chemistry. A lot of buzz around tim kaine right now. Having said that, the official announcement has not been made yet. Other big names watching, agriculture secretary tim vilsack, his relationship goes back four decades and he has experience governing in iow