London Stock Exchange. We get perspectivy from one of the rivals terry duffy joins us exclusively here on set. But first, its still on and we are talking about the great roe rotation so many of the desks have been skeptical of maybe even poopooing at times. Showing tahoe strength here in sectors russell, banks, retail to name a few. Whats making you a believer, guy . Its a fascinating question i mean the market has an uncanny way, not that i need help making me look silly. Within a of alltime high of the s p 500. Everything looking fantastic when do i become a believer . You know, i dont know the answer to that but what ill say is the head winds havent gone away that much yes rates backed up probably a healthiy move yes the gold market not exploding up maybe the situation with hong kong has abated but its still there. The market is looking past them. I dont know how to answer the question because the concerns i have i dont think it they dont get resolved in one day. I know how to answe
Beyond meat down big lets get more on beyonds quarter. Beyond meat shares taking a dive as you mentioned after the Company Announced a secondary Share Offering shares slip more than 11 after the company made that announcement a secondary offering of 3. 25 million shares which increases its float. That could boost short seller interest in the stock which prior to earnings was a 16 of the float. Keep in mind that number itself was a bit inflated because the company is still in its lockup period the company mentioned on the call it cant comment on the secondary offering due to regulatory requirements. Beyonds worst to date was on june 11th when it lost more than 25 . The stock is still up a little less than 700 since its i. P. O many analysts were focussed on the companys top line growth. Beyond attributes its top line beat to a number of factors, including new partners and increased demand from existing partners we are using our advantage to drive, continued expansion in retail and Food
Weeks g20 meeting. We are just higher on the s p. We only need one basis points of gains the s p 500 with a the dow is up and the high is up one 54 the nasdaq is just lower joinin us to break down the with these record highs for the value. What have you been buying this week question. We try to buy what others are sellin we are not momentu players whats out of favor is anything cyclic the economy will head south and you have defensive stocks at cheap. Banks, pick out one that rules, but one is if you ever bank, thats almost always a great opportunity. Gold men sacks is trading and you get the franchise for free thats only fractionall above. This i a broad sector sell dow or is it goldman saxspecifi a timing situation. As you know, the market tends to focus shortterm in the long run, the opportunity to buy these names is a great live during the show at 4 30 lots discussion on the storie of the day, bob pisani bob, l start with you. Thats around indeterminat 2. 5 on the week. I would say
letting their voices be heard. chief patrol agents in charge of the rio grande valley and tucson sectors in extensive detail why millions have been able to cross the southern border since president biden took office and putting the blame squarely on the policies coming from the white house. sandra: will their testimony put more pressure on president biden to secure the border. that is a huge question. brandon judd is here to weigh in. that s coming up. china is the most challenging national security threat america has faced in 30 years. the prc is a learning machine. xi jinping is watching and learning. hopes for a beneficial relationship is misplaced, culminating with the spy balloon over my community. john: sounding the alarm over the growing national security threat from the chinese communist party and whether the u.s. is truly prepared for conflict with our number one foreign adversary. hello, john roberts in washington on this state of the union day. sandra, we
candidates running for congress is shocking, all we expected, not at all what republicans on capitol hill are saying. more evidence there is a disconnect between republicans in washington and everyone else. it has been 15 years since the global financial crisis since 2018, a long time but it hadn t gone away. consequences still define our world. why is u.s. government so deeply in-depth. how did wall street get so much money. why are housing prices so high? leaders stoke racial conflict. why so many americans conclude the system is so rigged. the answer to those questions the same, it all began in 2008. 2008 and aftermath is a complex story. let s sum up in the broadest possible terms what happened. big financial institutions took foolish risks and nearly blew up the u.s. entire economy. nobody was ever punished. the rec press bankers responsible got off, so did the politicians encouraged to be reckless. no one was banished from the industry. some of the wrong doers dot their