A deal ford and their stock went up by 50 percent based on their mean of electric cars so. You know i mean i dont know what to tell you. This was predictable if all value derives from human consciousness and human consciousness is now so you know attention Deficit Disorder sort of Television Short Attention Span jumping from idea to idea multitasking and multiprocessor is hundreds of browsers open yes im talking about myself and you know your Attention Span only has a few moment your consciousness of any single me more idea is very limited for a few moments sometimes 3 seconds so this is subject to that so day fortnight i was huge on social media for a few weeks and now hes gone hes over because the mean is. Well hero. It was like the day of kramer for the jim beam or the jim kramer you know with those green or and you know i mean i mean this is jim kramer had a plastic hammer as well during his in told us you know. Jon stewart who was big on cable kids he was a comedian who was on t.
Since march 20th microsoft is in midst of its second negative week in a row. Amazon is positive for the moment if it closed lower it will be the fourth straight negative session. Facebook, will have its fourth straight negative session as well also pacing for the worst week since midjune are we at a tipping point, pete, for some of these big tech names . I dont know that i call it a tipping point. I think id sort of more tab this something of little bit of a rotation i dont know how long that will last well see. Its just in the early stages of this well see how much pressure really does get put on i think the names are very favorable. I think theres a lot of reasons to like the names. It makes some sense that we would see pause there. We have seen a bit of a pick up. You look at financials and especially the regional financial names and see a bit of something thats showing some signs of a little bit of life. Well see if that can last as well i can tell you this, right after the earning
Predictions and youre making another big one. Why next week for what you call a monsterous rally into your epicenter stocks happy friday. We took a look at what happened the last time cases peaked which was late april it took 20 days last time. If we look at the current context, daily cases peaked july 27th the 20th day would be august 14th we have been seeing consistent 7day decline in average daily cases but our clients are thinking this is in the middle ground theyre not clear if its a decisive move. I think it takes another week. That will happen next week and i think lit be violent sdp you think people are ready to get out of these stocks that have been so tried and true. Nasdaq closes above 11,000 clearly money wants to go into big megacap growth yes i think megacap growth is cheap as a bond proxy because youre paying 50 times for an investment bond. Paying 30 times for faang isnt expensive. These are the names that have been written off by the market its only 26 of the market ca
Everything else not having the best of days pete, i come to you first. You get the first crack at this. The bar was high and they got over it. They did. Youre obviously talking about apple. And amazon and facebook that was high for the whole entire group, pete theres no doubt about it facebook being probably one of the ones watched most closely, i think. When it comes down to apple, the reason that stands out is they had a record q3. You look across every part of their business model, their eco system and it phenomenal the growth is there. The double digit growth is there. I think the big surprise coming in iphone because people were looking at a number far less. The real key is service, not only the growth but look at that revenue. Add that with wearables and you get almost to 20 billion youre getting the other side of the equation and far better margins. Thats why i think apple still has plenty of room to the upper side because they have room in the wearables, the services. The servi
Nomination for the director of office of management and budget. Live coverage. Senate here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Barry black, will lead the senate in prayer. The chaplain let us pray. O god of light, as we approach independence day, we thank you for giving us the gift of true freedom. You have blessed us with freedom from sin, guilt, and shame. You have redeemed us. You have also given us freedom from fear, providing us with peace in the midst of the storms. Today, please guide our lawmakers so that they will fulfill your purposes as they face the challenges of these times. Lord, awaken them to your inescapable presence. Keep them from thinking that you are absent from our world or disinterested in it. Enable them to feel you in their midst, as they grapple with the problems of our time. We pray in your strong name. Amen. The president pro tempore please join me in the pledge. I pledge allegiance to the flag of the United