Every time i see it in the social media. Oh, as dave. Oh, you know, because 1st of all the greatest names of cats, this is probably one of the greatest out names ever in you know, the faces on there. These are the carin, this is the world, you know, screaming women like i am in the, theres Little Kitchen in front of you know, where plato did this with its, its a hyper emotional elite. And their elite messaging system must be, has called it. Theyre at leats messaging system has failed, they are unable to communicate with reality, and this is them shouting at reality. And reality is just like continuously asserts itself. So i think thats its, its part and parcel of this, you know, the decline of the empire and rise of another power and they dont know how to explain it. They dont know how to obviously admit guilt of their role in, for example, sending all our jobs over to china. They can admit the but the end at the end of the day, reality wins. And were going to look at some reality impo
Tepper and Stanley Druckenmiller both say stocks are overvalued u. S. china tensions flaring again as the fbi warns that chinese hackers are targeting covid19 research firms. We have a big lineup of guests today to help break down this selloff including bill mill miller, david harrah, david ruinstein and Liz Ann Saunders from Charles Schwab. Down 550 points, down 620 moments ago. Weve got full Team Coverage of todays market downturn. Scott wapner, mike santoli, and Steve Liesman with us. That bearish call from apple when asked about Hedge Fund Manager Stanley Druckenmillers assessment that the risk reward in the market is, quote, maybe as bad as ive seen it in my career, heres what he said. Its definitely as of yesterday, now the market is down from yesterday, i would say that, you know, 99 was more overvalued than 2000 but, yeah, i would say its one of the most overvalued markets, maybe second most overvalued i seechb the market is pretty full but theres a lot of liquidity there. Its
Quite a bit now. Its big ramifications for the reelection campaign, as well. A 7. 8 down 1660 when it was halted we have had 1,000moves for 7 straight sessions. Lets get more on everything going on bob pisani at the New York Stock Exchange bob . Our fourth trading halt, a circuit breaker. Down 7 . The fourth one in two weeks here look at the markets here 2351, very important number. The old december 24, 2018, low technicals not much good to anybody these days we are sitting right on top of that again, just want to review the Circuit Breakers level one, we halt 7 . We halt 15 minutes so well reopen in about ten minutes or so. If that happens again, theres no stopping at 7 . The next one is 13 . Thats until 3 25 and then there is no trading halt after 3 25 p. M. Eastern time unless you drop 20 in terms of whats bothering the market, ill put up a chart to explain everything everythings down. So here you see Corporate Bonds down here you see the s p 500, equities down. Here you see croude
Thats where were going to start, because thats where the pain was being felt, but now services green, financials green, tech green, health care is green, as well. We were going to say tech was mostly lower, the gain in nvidia not enough, but as we said, the situation continues to change which is why we have to watch this final stretch is closely. Our talk of the tape, when will stocks stabilize . Are they in the process of doing that. Is tomorrows jobs report the key . Do we have to wait for earnings or beyond that. Lets ask the Wharton School professor Jeremy Siegel who joins us from philadelphia. Always good it see and talk to you. Good to see you, scott. You know, market is changing and a lot of people are concerned were in the most of moving lower because rates move higher. How concerned are you right now . Well, i think there should be no question now that fed should be done. Weve had almost 50 basis points of tightening on the long end since last meeting and by the way, tightenin
You go out no, i dont. Various market milestones today. The nasdaq crossing 7,000 for the first time and the dow closing in on 25k for the first time although were well off the highs right now. Tax reform hopes, and a series of deals this morning seem to be helping sentiment today. This is the first time ever, by the way, that the dow has gained 5,000 points in a single year. We began the year in president 19,000 range and now were well into 24k. Its just crazy theres no other word for it nothing like bitcoin, though, by comparison, it seems tame. We have people who are going to tell you where to make more money in the sfarkt cotock markg up in a few minutes. Is utilities are the biggest loser today. We have a debate on whether the bitcoin boom could help drive utilities higher talk about some of the power usage. Thats a hot topic. Recode calls him one of tvs most important executives. What espn had john skippers resignation announced today means for that sports giant and for disney ov