4 00 oclock on wall street, nasdaq up 300 and s p higher by 67. Wild fires raging up the west coast this morning, several people now dead, homes destroyed and evacuations underway. Many areas bathe in orange glow of fire. Almost open for business, new York City Restaurants can allow Indoor Dining at the end of the month but there are strict rules to follow. In the next hour a Restaurant Owner and lady gagas father joe is here to talk about the state of the Restaurant Industry and whether his daughter will take a seat inside. Sky high technology, we are introducing you today to what some are calling the smartest and best drone yet, Android Industries Palmer Luckey is here 8 30 eastern with exclusive announcement and back to grid iron this morning. Fox sports is back and bringing nfl along with it. We have a preview of games to expect. Mornings with maria is live right now. European markets trading mix, the dax index is higher by 43, we are waiting the European Central banks decision out
Flying tech name your Investment Committee is stephanie link, josh brown and michael farr great group. New highs earlier on the s p 500. Markets have cooled off a bit. You have the dow down 182. Apple is one of the stocks ma weighing on the dow. You sold 20 of your positions in apple and nvidia. Are you sure it was hard to find a buyer . Love you, sully i dont know why were saying this is a big move or bold move. They hear the part they like its the opposite of a bold move im playing chicken. Im saying nvidia and apple have become too big a part of my portfolio. I have tons of apple exposure elsewhere. I own the kwqs everybody owns apple my lifetime exposure to apple is high all im doing is keeping 80 of my position inted of 100 . Its not that bold im doing the same with nvidia these stocks have plooned. Its like risk management. I dont want to be out of these stocks i just dont want to live my entire life based on how they do each day this is what all prunts investors do its what im d
Giants thats benefited from more money in american wallets earlier this year. For more, i want to bring in abigail, whos been following all the action in the s p. A big day, catching up to the nasdaq. Tech is helping. Abigail we have this record high. Market watchers have been waiting for the s p 500 for a week very closely. The nasdaq has been hitting record high after high. Tech, especially with amazon and other tech names, really driving the gains for the s p 500. Morning the this s p 500 briefly went negative after putting in an alltime high. We have this wall of worry. Not only do we have no still is, a second deal is not on the table yet. We have a election jitters, u. S. China trade jitters, the possibility of a second wave. It was not a robust finish for the s p 500, that a record high. One day versions are a little high, given the others closed a little high. The last time this index put in a record high was almost two years ago. Its really the habs and and havenots. Vs techno
Gold going back higher as the dollar is lower. Some of the trends we have seen more in place recently are still in place today. Investors are waiting. David we will also get some q2 gdp numbers. I will ask you about gold because it was a big story yesterday. But i have to tie into the dollar. What is the dollar doing . Abigail the dollar is down. The dollar index itself is about flat. The difference is in the euro weighting. The trend on the euro has been down but so much so that we have Goldman Sachs saying perhaps it will lose its status as a reserve currency. In the past, sometimes it is a signal it could be stabilization or a move to the higher. That is supported by the technicals. Relative to the fed tomorrow, will they give any policy move . Very unlikely. They did extend their emergency loans, so that is probably the bigger news. The 10 year yield at this point has basically been flatlining since march. If anything, it appears its bias may be to the upside. That could support th
Doesnt hurt that they beat on the top and bottom lines, earnings per share at 86 cents versus 71, but the real big deal here was the settlement with hauwai is this the end of qualcomms Business Model they faced problems with apple refusing to pay them telling them that their suppliers refused to pay qualcomm. I will, some people say i hate to say i told you so no one hates to say that i did tell you so, qualcomm is really good at this legal stuff. They have been fighting the legal battles throughout their career tom brady, Fourth Quarter in the super bowl, you cant count them out. That is why the stock is up catching a lot of people by surprise, julia. That is right, just looking at the opportunities they see in 5g as that continues to roll out and the idea that maybe the regulatory hurdles are behind them they have the ftc case they won that is under appeal, but really notable looking at those two Business Models looking at the sale of the chips and the licensing. Yeah, the pressure t