Fears about trade, growth and rates. New phones, new watches and a big bet in tv. Your next trade on apple and the stocks in its universe shares of costco soaring 45 this year. But is a pullback coming its our call of the day Halftime Report starts right now. Good to have you with us on this wednesday, 9 11, as we remember and always will your Investment Committee today, joe, steven, jon and pete na, welcome, everybody stocks are higher this hour. The dow trying for its sixth straight day of gains. Not bad. But we begin with the big trade happening now in the overall market momentum apparently is out and socalled value apparently is back jpmorgans quantity grew who called the rotation about two months ago says the flight from momentum has only begun. Id like to start the show, guys, the hour with a stat i pulled out of fax this morning i think kind of will highlight better how big this shift has been 58 of the top 62 stocks in the s p 500 this week, theyve gained an average of 9 . Been
Exchange on cnbc. Im wilfred frost. Im seema mody in for sara eisen. Lets get straight to the Global Market action great day for stocks yesterday, particularly the nasdaq. The dow up 0. 7 the s p 0. 8. The nasdaq 1. 4 . The nasdaq numbers to watch out for, 6321 is a record close. 6341 is a record intraday high so the dow is performing well. Again, having had a few days of selloff prior to that. Encouraging rebound in tech. 8 out of 11 sectors positive tech the best, energy the worst. Tenyear treasury note did edge back up ending last week about 2. 14 . At 2. 16. A mixed day in trade for asia the japanese index closing at nearly a twoyear high, but a different story for the hang seng and shanghai composite retreating ahead of what many call a highly anticipated decision from the msci today on whether the index holder will include china a shares, its considered a watershed moment for china stocks if they get the green light this would allow the u. S. Funds to get more exposure to chinese
Investigations. Prosecutors in california say he embezzled his own clients money to pay his expenses and debts and used phoney tax returns to obtain millions in loans. They laid out the case this hour. Mr. Avenatti describes himself as attorney, advocate, fighter for good. But the allegations in this case describe something different. A corrupt lawyer that fights for his own selfish interests by misappropriate uaing close to million that belonged to one of his clients. And the Attorneys Office for the Southern District of new york says that avenatti threatened to use his ability to garner publicity to cause harm to nike in an attempt to extort 20 million from the company. 14 minutes before he was arrested he tweeted tomorrow at 11 00 a. M. Et we will hold a press conference to disclose a Major High School basketball scandal perpetrated by nike that we have uncovered. It reaches the highest levels of nike and involves some of the biggest names in basketball. Here is what new york prosec
As washington takes action to tackle the issue, it is clear the president and democrats have completely different approaches to reaching the solution. It is a much more drastic step. The department of justice is calling for the complete removal of the health care law, the Affordable Care act, better known as obamacare. Cataclysmic for tens of millions of people. Despite the filing and the gops attempts to repeal the Affordable Care act, the president repeated this highly questionable tease in front of reporters. Let me tell you exactly what my message is. The Republican Party will soon be known as the party of health care. The Republican Party will soon be known as the party of health care. On the other end of cap fol hill. Led by nancy pelosi, they unveiled a sweeping Health Care Package they say will expand Health Care Access and lower costs. The department of justice becomes the department of injustice when it wants to tear down health care benefits. This house, the democratic major