The whole epstein matter what happened . Hes been going on for a long time, been going on for a long time, the whole epstein episode, and i know its under investigation but attorney general barr thats who will be handling it the retweet which is what it was, its a retweet, was from somebody thats a very respected conservative pundit, so i think that was fine, yeah. [ inaudible question ]. No, basically what were saying is we want an investigation. I want a full investigation, and thats what i absolutely am demanding. Thats what our attorney general, our great attorney general is doing hes doing a full investigation. [ inaudible question ]. The hong kong thing is very tough situation, very tough. Well see what happens, but im sure it will work out. I hope it works out for everybody, including china, by the way. I hope it works out for everybody. [ inaudible question ]. No. Its a very tricky situation i think it will work out, and i hope it works out for liberty. I hope it works out for
Socks are in the green but they are off their session highs. The dow was up more than 250 points at one point. Now about 80 points lower. The s p hit a in record for the first time in more than seven weeks. Yes, kelly, it has been seven whole weeks. It was kind of fast come to think of it. Markets are reacting as President Trump comments on iran lets get the latest from eamon javers at the white house. Thats right. Earlier in the day, the president had sort f a belligerent sounding response. The president suggesting to reporters that youll soon find out what the u. S. Response would be tweeting out that iran made a big mistake here, but then in the oval office sitting alongside trudeau, the president said this. I find it hard to be it was intentional. If you want to know the truth. It could have been somebody who was loose and stupid that did it. Well be able to report back and youll understand exactly what happened, but it was a very foolish move the president many there suggesting it
Giant as oil jumps today is this beaten down sector finally about to move up the Investment Committee is ready to go. The Halftime Report with scott wapner begins right now. Welcome our Investment Committee today, joe terranova, steve weis, john and Pete Najarian. Lets begin with the markets and that semi surge. The chips on pace to close above a key level. Their 50day moving average for the First Time Since early may still a long way to go to get back to the highs but, pete, if this is legit, it could be extremely positive for the overall market it sure could people were leaning on this. This is exactly why this particular name moving everybody else, micron, thats why it was beaten down as much as it was. You look at yearoveryear numbers, this is abysmal but they priced in the fact they werent looking year over year but for this quarter can they beat, and they did. They beat on earnings and on revenue by a little bit, not a lot. And you look at the company. We all talk about valuation
Investors pay no attention whatsoever by the time it dawns on them that Something Big is going on and they finally take action, its either really late or its already over [ buzzer ] and thats harsh the dow declined 190 points and the nasdaq tumbled 1. 7 . I want to prove to you that the stock market actually isnt rigged against you its just that so many of the socalled experts are constantly leading you astray buy, buy, buy, buy, buy, buy lets not waste your time for example, oil and gas for more than a month, oil has been rallying like crazy in the last six weeks, west texas crew has gone from 67 to 84. But its only today that im hearing that the oil stocks could be very interesting to buy. I want you to imagine for a moment that youre in the cnbc investing club our philosophy is look for situations where stocks dont reflect the value of the companies underneath remember, these are companies. We bought a bunch of oil stocks when things were nasty, and it hurt for a while but then oil
Countless unarmed Israeli Citizens being massacred. How the heck could we rally with the dow gaining and the nasdaq advancing 0. 39 . Maybe it is because there seemed to be no direct consequence for the united states. Maybe it is because we are desensitized after the war in ukraine and russia. We treaded low all morning. Then in early afternoon we started rallying. Why . Because fed board of governors vice chair Phillip Jefferson made dovish comments that immediately pushed stocks higher. He told us the fed is, quote, in a position to proceed carefully in additional firming that may be necessary. Jefferson then continued, quote, we are in a sensitive period of Risk Management where we have to balance the risk of not tightening enough against the risk of being too restrictive, end quote. Previously the fed was worried about tightening too little. The rate hikes might be on hold for a little. It was that statement, not the horrific slaughter in israel that controlled todays action. It is