Say the least after a bit of a rebound the other day when i was on with you, yesterday i was not here for what was a decline overall in all the markets. I think we are in a new era of volatility. Every single time we get an up opening people say, okay, i guess that selloff is over and when we get the printed selloff people say this selloff is going to go on for ages. I urge people to step back and recognize we are in a period where theres a lot of vacuum, a lot of people trying to buy when its going up, a lot of people trying to sell when its going down and just interpret that as just being enthusiasm, greed and then fear and accept it that its here to stay because its really the undercurrent behind these moves. Okay. And what does that mean in terms of this socalled playbook that you often offer people who listen to what you have to say sure. It means that if you think that it is going to bounce today because it was down hard yesterday, dont make the first move wait to see whether the
Nasdaq is negative by 30 points. Our focus today on apple you see it on the right. Was in the green now its in the red. Pete, is apple vulnerable. Down 6 this week. Down 12 month to date yes its had great year. Is it now vulnerable like anything, theres so many different variables that everybody is look at as they decide to exit so many of the high flyers and obviously apple is one of those names. Thst no doubt it could be pressure on it i still believe in the company in terms of all the things i bring up they are defieping why they are still bearish on it. Anybody who is looking at apple is only the phone company is looking at it wrong. I disagree with that call. That doesnt mean it cant do gown further img t i think the pressure is on people are getting out of certain positions because they had such a great run to the upside were seeing a lot of that a lot of that has been indications we have seen for the long time that were very bullish and now we hit a bit of pause. All right you m
Good morning, carl has the morning off. We want to focus on the state of mna in tech. There has been swings and others that were formally the prey have skyrocketed to valuation thats now give them currency to join the hunters. Between tiktoks impending sale, were seeing now in the second half of the year there is plenty of action still to come. Listen to what bob peck told us yesterday on that front. If you go back to march, it was about two billion. So really it ground to a halt. You saw in june, and it has been a tale of two cities a big acceleration and 3 q over 2q so you have seen a ramping here. People are getting more of a feel on valuation, liquidity concerns, their portfolios, s a strategic rationale and more mna continuing to take place through the rest of the year tiktok is the most talked about target President Trump saying he will not extend the deadline. Oracle is on the hunt to buy it, they didnt talk about it at all on last nights earnings call. We have more on what all
The deadly terrorist attacks touching nearly all americans but none perhaps more so than Cantor Fitzgerald chairman and ceo who lost twothirds of his 960 new york employees that day, including his brother. Each year on this day, he brings in celebrities to raise millions for 9 11 charities but this year, we are going to talk to him about Going Digital due to another National Tragedy that has gripped the nation. Howard lutnick live coming up. But the coronavirus lockdown, not bad for everybody. Paying big rewards for one company, peloton. The shining star of the workout from home boom as fitness fanatics gobble up its connected bikes and digital workouts and treadmills. The ceo john foley is here on his crazy covid Quarterly Earnings and how to keep the rpms and momentum speeding along. Last nights nfl game has college fans asking football in december . Were about to ask the commissioner of the pac12. Less than an hour to the closing bell, lets start the claman countdown. Liz i want to
Markets are crumbling. We do have crude down 2. 70, down about 6. 7 . We have the new demand worries triggered by china tensions and the lingering pandemic, put in with all the markets. Here we go with followthrough. The dow right now down 566. We have the s p lower by 83. The nasdaq down 396. Our floor show traders, including jpmorgans david kelly, are getting in front of the cameras. They will have instant reaction. From northwestern to northeastern to west virginia, colleges are grappling with Coronavirus Closures and suspensions. The ceo of the nations leading directtostudent Digital Learning platform thinks higher ed, ready for this, is in a bubble and maybe the pandemic is about to pop it. Hes here in a fox business exclusive. Plus Jillian Michaels, one of the biggest names in fitness, is rolling out a new workout from home app as gyms struggle to reopen after the pandemic. Shes here to whip us into shape. We will get you the latest numbers from peloton. Gms stock electrified as