Ahead . A delayed launch, Rocket Companies sinking after reporting its first results as a Public Company, the ceo will join us in just a few minutes to discuss. And later Tyler Goodspeed as jobless claims come in under consensus and post a new low since the start of the pandemic. A lot to work with today, david and melissa, as we watch that intraday period yesterday where we saw tesla down 10 , for example, worst day for a moment there since early may, david, and then the buyers came in and we will see once again if that happens with some of those names like tesla down about 6 before the bell. Yeah, well, listen, im glad we have melissa with us today for so many reasons but one is because theres nobody who knows more about this company or certainly has talked about it as much as you guys have on fast, melissa, for obvious reasons as it has soared over the last few years and last few months have been truly extraordinary we keep making comparisons to the late 90s which we all know well a
Services hotter as the guys on the prior show were talking about. The ten year is up. Nonetheless, thats weighing on the market a bit. Joe, i want to focus on apple down almost 3 , and theres a story in the journal today theyre going to test the limit on pricing of this new iphone which, by the way, is a week from yesterday is the reveal of all of that. Do we need to worry about apple . If you have to worry about apple, youd Better Believe you have to worry about the market, i would think. I think when you ask the question, do we need to worry about apple, do we believe apple is going to return to the overall personality in which it traded in the Fourth Quarter of 2022 . I am not of the belief we will go back to that place. I think were somewhere in the middle. The enthusiasm, the excitement surrounding apple needs to be tempered. If you are overweight apple, you need to take a look at that. And i think at certain times in the market you have to understand that balance is the right pos
1. 75 decline for nas and 4. 78 tenyear note deal. And that is a considerable story well get to all of that. First, though, breaking news on General Motors and phil lebeau who has that for us. Reporter scott, we have q3 sales for General Motors going up 21 compared to the Third Quarter of last year with ev sales jumping 28 compared to the Second Quarter of this year. Why are we seeing increased sales . A big part of it is better production, the supply chain has improved year over year. As a result gms inventory the end of Third Quarter the strongest since q3 of 2020. That will be relevant as the uaw strike plays out in the days and weeks to come. One last note gm, scott, says it sees q3 sales for the industry overall in the u. S. At 15. 5 million vehicles. Thats an indication that the consumer has rebound considerably compared to where it was in q2 and last year. Phil, i appreciate it. Thank you. Thats phil lebeau. We saw the stock moving interday not on the sales numbers, but certainl
Bespoke. This is how i want to kick off the conversation. The last four septembers for the s p 500, 2020 were down 4 . 2021 down near 5 . 2022 down more than 9 . 2023 down more than 5 . That sounds bad. The last three q4s, 2020 up almost 12. 2021 up almost 11. 2022 up 7. 2023, question mark. Do we have a repeat . Does history repeat itself . Do we have a good Fourth Quarter for stocks . I believe it will be a positive quarter. Ive said that on air. You have significant quarterly weakness, well talk about the reasons why in a second. I do think the prevailing trend of 2023 takes hold once again, and its led by mega caps. Its led by technology because in this environment, they are the companies that represent quality. They are the companies that can endure with a 30year treasury trading 4. 70 as you come on air. Thats why were seeing the s p in retreat right now. Coming to the quarter end, youve broken below the 50Day Moving Average, below the 100Day Moving Average for the s p. You took