Tim leach is with me. He says this was a much needed pause. He joins us along with bob from cabbot Money Management along with rick santelli. Tim, you believe theres an upside . I do. This has been the clearing correction weve been looking for in the marketplace. Granted, were going to be in kind of dead water here until after the election after the election, were going to get clarity regardless of which way the election goes. Were looking for a positive bias to the end of the year. What sectors lead us in that positive bias . Where do you want to be exposed . Were still believers in technology. We know its been soft here lately. Theres going to be a tremendous amount of demand. As we know, revenues are really hard to grow in this kind of marketplace. So companies are going to have to continue to squeeze efficiency out of their operations. That means technology. Were also believers in finance and financial companies. Okay. Rob, where are you on this question . How are you allocating ca
Dennis that flash freeze is our top story. It was a glitch that ground the nasdaq to a halt. A flash freeze paralyzing thousands of securities at around 12 40 p. M. Eastern time today. Full trading resumed after 3 00 p. M. The recent string of technical errors rocking the markets is calling into question the computers that run in these markets. Joining me now, and shapiro live outside the nasdaq. Rob morgan, chief investment strategist at fulcrum securities founder and ceo of dark pool. And director of Institutional Sales and trading. And adam shapiro, youe the guy in the know on the scene. It felt like the nasdaq all the law was not telling us anywhere near enough even in the look and as directed now. The nasdaq putting on an official statement about the flesh trees matured as an answer the question of what happened. Let me read you the first part of the statement. The nasdaq zero emax became aware the press quotes or not being disseminated by the securities industry processor which c
Quick check of the s p 500, dipping just below 1500. After topping that, for the First Time Since december of 2007, quickly, joe e. Listen, on long apple, stephanie and i were just talking about it, the large Institutional Sales will come in this afternoon. We will certainly track that the rest of the day on power lunch. Pick up the ball and run with it, my friends on power. Right now. Second half of the trading day gets under way right now. Rally on be everybody. Dow almost within a hundred point at 14,000. We are at highs not seen since the fall of 2007. Not seen. Just like mantis girlfriend. S p back across the 1500 mark for the First Time Since december of 07. It is within 65 point of its alltime high. There are the industrials. That begs the question, america, is it time to get back in the game . A key theme throughout this hour of power. Or are you an hour too late to get back into the game . Another big store, i of course, apple, feet to the fire. Yes, thats what we do. Yesterda
Brennan and his wife calling it quits. Brennan supposedly involved with another google employee. Simon hobbs is my partner here at the nyse. Simon . You have the u. S. Economy trumping fears for the moment on the fed and certainly the crisis in syria. Theyre up 2. 5 . Stronger growth, though. Still questions of what will happen in the second half of the year. If you look at the market, strong gains in the dow for the second session were up 67 points. Boeing responsible for about a quarter of that gain. Verizon, ibm, united health, Procter Gamble also helping. And what has lifted us to the upside in equities has brought us down, especially in gold. Were currently at the 10year at 2. 5 . We have Institutional Sales and cnbc market analyst. Welcome, steve. Tell us where we are now. The important thing is you just highlighted it. Better jobless claims, adequate jobless claims, better than adequate gdp. Investors are still supportive of the idea of a tapering light. Other than that, the tim
Just a reminder for everyone the houthi the rebel group that forced out the yemeni president , a president and government, by the way, backed by the United States saudi arabia, and the uae, united arab emirates. These Houthi Rebels have an ally as well, iran. Meaning the situation in yemen is quickly becoming this proxy war among these top powers in the mideast. The timing of all of this here has the u. S. Walking a diplomatic tightrope as fragile Nuclear Talks resume. Joining me retired Navy Commander jack wiels, military analyst and pilot, sir, welcome nice to have you on. Thanks brooke. So as we mentioned, we have these u. S. Ships the u. S. Want these seven to nine were not sure iranian vessels heading toward yemen. They want to head them off into yemeni waters, the Coalition Forces would then be the wounds to potentially board the iranian vessels. My question to you, youre the expert then what happens . Well, this is all something thats hard to anticipate how this may go down. Its