Nasdaq edged down 0. 07 . It may be hard to follow Interest Rates or politics, its a lot ease yore the bet on great themes if you want to make great money i had the great privilege to interview dave coaty, former ceo of honeywell, now an check tif with verfiv. Its a special acquisition company. This guys a phenomenal manager, consistently crushed the s p 500 when he was running honeywell, but when he retired and turned it over, many people he might be done running business. I was thinking he might be no not for cody its too much fun. He likes business too much he didnt quit he raised some money, looked around for a business that seemed to have the wind at its back, a business thats growing much faster than the broader u. S. Economy, thats not hostage to global trade or politics or the federal reserve. He came up with the data center. In particular data centers that can deliver Digital Information at lightning speeds. Stha that was his path. Why was he interested in this particular comp
For u. S. Steel teslas awful august rolls on and the casino stocks crapping out, after a monster heater. Im melissa lee, this is fast money, live from the Nasdaq Market site. And we start off with a surprising reaction to a pretty disappointing earnings report. Shares of target rising nearly 9 immediately after posting q2 results. The stock closing off those highs, but still up nearly 3 on the day. The move despite some big negatives in the numbers the company reporting its biggest revenue drop in seven years. First samestore sales decline in six it slashed fullyear revenue and profit guidance. Still, even with todays gains, target is far underperforming its retail peers, down over 13 versus double digit gains for the likes of walmart, which reports tomorrow morning so, does targets warning raise a red flag for the entire consumer space or is this a targeted issue karen, what did you make of these numbers . I was surprised at the reaction we talked about this in the green room it wasnt
Rink. Rivian revved up after its big reveal. Tim seymour, dan nathan and guy adami with us. President biden expected to announce a slew of policy proposals on the agenda, a call to increase the minimum Corporate Tax rate to 28 and the rate and taxes on buybacks and crackdown on junk fees from credit cards to airline and shrinkflation. A proposed 10,000 tax credit for firsttime home buyers in an attempt to boost the Housing Market. Could that actually heat up that market . Lets bring in diana olick diving into this one. Diana . Melissa, Housing Affordability is still near a record low. Just 38 of both new and existing homes sold in the Fourth Quarter of last year were affordable to families earning the Median Income which is the 96,300. Home prices in january also hit another record high and showed the biggest annual gain in a year, so the Biden Administration is unveiling a plan to tackle Home Affordability and first theyre urging congress to pass a 10,000 firsttime home buyer tax cred
Event. Plus, we speak to a counter as a Company Announces a brandnew range of ai powered products. But first lets check in on the markets. We have a post fed feeling of optimism in the markets it feels. We dont have an awful lot of Economic Data on the table. We have an issuance with 10 year yield with the 10 year yield holding steady. The s p 500 breaking some of the Technical Levels of where we see the average trade the last 50 days so there seems to be some risk on attitude. Not in crypto with bitcoin off. When it comes to crypto related news, we will be digging into what happened with robinhood of course. The sec looking at particularly its crypto sales. Zero and 7 despite the announcing the sec might well be looking into its business. Warren buffett pulling back on the state of apple. Really loving the iphone product but we look ahead to new products new ipads with mark gurman in a moment. I want to shine a light on some of the chip makers chipmakers. Nvidia still yet to report on
All of this. It was his vision to create an organization that could curate policy organizations policy conversations when no one really cared about it. Weve had a long time it was not the case that people were not treated as a stakeholder. Other to jerry and the members of the board of directors. I also want to recognize congressman rick white, one of the founders of the internet caucus, thank you for coming. Our next speaker succeeded congressman wei. Jeremy berman founded our organization. Hes been a driving force for having good conversation about and a policy before anyone thought it was important. Jerry will introduce our next speaker. Jerry berman. [applause] mr. Berman is congressman goodlatte here . He is coming in. It is an honor for me to be here and to introduce congressman goodlatte. As many of you know, he is retiring this year after a long run in virginia. He has always been a leader on internet policy. He worked tirelessly on encryption policy, surveillance policy geared