Data out this morning was up slightly joining us for the entire hour is from ariel investments, pushing back against the earnings theme youre feeling good . Id say im better than the market is feeling. I think the market is looking for soft earnings, maybe 3 decline in earnings. Were hoping that we might get a positive number, but not as bad as the markets think lets drill down on all of the big stories. Lets start with you, bob. All three major indices at new highs. And let me show you, a nice group of Retail Stocks hitting new highs. Walmart, home depot, dow tjx, autozone. A small group of Consumer Staples breaking out to new highs. Proctor and gamble, colgate, starbucks a 52 week high for them the Payment Systems, mastercard, visa, visa the biggest gainer of the year up 36 . They have been on fire recently. Finally one last point, the vix down to 12 and change. This is sitting right near the lows for the year. Obviously august is a slower part of the year, but even so, a pretty low
Since 1997, up 18 check out some of the biggest winners. Netflix up a whopping it . Boeing, up 7 . Oracle up 5 exxon up 4 . With stocks at record highs and the s p 500 surging 2 this week, guy adami, would you trade or fade this market . Trade it or fade it top of the show on friday. I got to be consistent, mel, and i will say fade it it has clearly been wrong now for weeks if not longer, but i will say fade it as we go into the next week, g20 i think will be a nonevent, which is negative. Fedex earnings next week i think will be negative, which is market negative. The fact that the vix is at these levels rallied today, 15 or so has been a level where the market has sis torically sold off from over the last year or so all of those things equal on top of which the run has been magnificent, too much too fast, i say trade it into next week. You are trading it . I would trade it. I cant think of a scenario that you would fade this rally. Really . No scenario . Not one single scenario . Wha
hunter biden seen at last night s state dinner for india s prime minister. now two irs whistle blowers say he was given preferential treatment. tomorrow marks one year since the supreme court overturned roe v. wade. we ll ask an ob/gyn how it s changed her practice. a tech boom here in florida? miami the new silicon valley? first, we turn to breaking news out of the supreme court. the court sided 8-1 with president biden s immigration enforcement plan. outside the supreme court is julia ainsley. what is this decision about? reporter: it s a big win for the biden administration, jose. this was their enforcement priority policy that allowed i.c.e. to prioritize immigrants for deportation if they were a security risk. when they looked at the 11 million undocumented migrants, they were going to use their resources on those who lived here first. people who have been living here peacefully will be deprioritize. several states led by republicans sued the biden administration
A federal judge says he would not approve a provision in which hp will have to pay for shareholder lawyers and shift the focus to exautonomy executives. Hp is suing deloitte over the results now. In parts of napa, they are cleaning up after the strongest earthquake to hit Northern California in 25 years. The 6. 0 earthquakes damaged buildings and it hurt 170 people. We will see how scientists predict and prepare for earthquakes. Amazon is no stranger to opening up its wallet, today at least. Today, they announced its largest acquisition ever by buying twitch video. A platform where people watch other people play videogames. Amazon paying 970 million in cash. Toss in the earnouts, the price tag is 1. 1 billion giving amazon what . Amazon will get 55 million active users. That is how many people are watching people play video games every month. It will help amazon expand streaming offerings. It includes the fire tv set box and the fire phone as well. It comes as talks between google and
Autonomy right is now in doubt. A federal judge says he would not approve a provision in which hp will have to pay for shareholder lawyers and shift nomyfocus to exauto executives. Hp is suing another company over the results now. Napa, they are up after the strongest earthquake to hit Northern California in years. It hurt 170 people. We will see how scientists predict and prepare for earthquakes. Amazon is no stranger to opening up its wallet. Its longey announced largest acquisition ever by buying twitch video. A platform where people watch other people play videogames. Price taguts the is 1. 1 billion giving amazon what . Amazon has 55 million active users. That is how many people are watching people play video games every month. It will expand streaming offerings. It includes the fire phone as well. Down. And switch broke our guests. Have stuart, let me ask you about this deal. Why is twitch so exciting to a company like amazon . You are right, the last time i saw you, i refuse to