Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
It built the thing that destroyed itself, the car. We built the car to leave the city, so isnt that ironic . Just 40the richest years ago. We were the richest city, and now we are the poorest, and now you cannot buy a cadillac in the town settled by cadillac. So what happened to detroit happened. I am more interested in what is going to happen and if i can make it better for all of our kids, and im interested in that. There used to be so much money here. They talk about the saturday night drives up and down woodward, and you got a new car every other year, and there were so many jobs that you could go across the streets to the other supplier i get another job until your boss to screw it. We were rocking. We had the greatest schools and graduates, so we did not take advantage of it because cars were our life and then things changed. After the oil, people did not want the cars. The cars were made poorly, right . The japanese and foreign car started catching us. Factories started moving o
This is where all of the eminem music would come, out of this room. This is where the romantics recorded. And others too over the years. This is a pretty iconic place. The detroit music scene does censor around motown. That is what everybody knows. Interestingly, motown is sort of the middle of the story. Stories,t of all the of all the other genres of music. It plays a big role in the sound of detroit. Its known for motown, but its actually known around the world. What was happening in detroit, this was starting around the 1900s, 1910, 1920s 1920s, and into the 1930s. To becomes starting the automotive epicenter. Before that, detroit was a major manufacturing city. There were famous for ovens, and even cigars, and things like that. But then when the car company, when ford turned into the assembly line, that is when people really started migrating up here. A lot of jazz musicians started to migrate up here from the south, kind of like the blues. And the motown people, a lot of them, st
video killed the radio star. now has the internet killed the record industry? napster s stealing from us straight up and i m going to fight them to the death. ladies and gentlemen, the strokes! may i have your attention, please? we got a movement. pretty sure the president of the united states is the dixie chicks, they can say what they want to say. billboard s top ten singles all by black rap artists. i don t please everybody with who i am as a person. i love beyonce. that s not a working telephone, is it? hello? empty shelves are all you ll find here at tower records. it s now out of business. three, two, one! this is a very special moment. the first performance at the mtv studios in the new millennium. please welcome no doubt! that s great it starts with an earthquake, birds and snakes and aeroplanes lenny bruce is not afraid i ll always remember new year s eve 1999 going into y2k seeing no doubt on mtv playing it s the end
extremism of the republican party. the turning point for biden was the speech he gave a few weeks ago. really need a referendum on the republicans, some of these semifascist it s starting to pay off. seeing progress, perhaps rewards for some of the legislation passed. look at whether biden administration is accomplished. bipartisan infrastructure deal, inflation reduction act, the chips and science act. it s all about the economy. laura: they are spinning so fast their heads are going to fly right off. the economy is in dire straits. here is the truth. we have the diode dropping below 30,000. below its june lows. the dow and s&p are now both below their june lows. nasdaq certainly already there. down 22%. about 30% year-to-date. that we are slipping into something pretty bad. the dowel very close just about at their market bear market territory. pretty bleak picture. there is good news. tell me about domino s pizza. they got an upgrade. one of the top pe