Are buying oracle, modest selling, investors are buying oracle, modest selling and microsoft, i got that right. They are buying nvidia which is paying 40 billion to softbank for the arm holding, heres what we know it helps nvidia become a major player in advanced computing from the cloud and nvidia ceo the stock is up 31 a share, as per the election campaign, the contrast, the president took his message directly to Live Audience in western states and invited up a crowd in nevada, joe biden stayed home. After the ambush of two Police Officers in l. A. Biden issued a tweet condemning violence, trump called for the Death Penalty football, tom brady lost but football is back and despite the absence of crowd, the gate on time played well on tvp fight shots of the game piped in crowd noise, it worked for me, social justice activism was hardly apparent during the game itself but Colin Kaepernick did have something to say. You will find out what he had to say. We have a new shopping holiday, t
On that. Charles, thank you. Whatever the answer, right, the markets are showing extreme optimism as we head into the final hour of trade. New vaccine hopes are adding to the mix and yes, right now, the dow is topping 28,000 by a single point. The nasdaq, back above 11,000. We are at 11,044. The s p is moving higher by 1. 33 after two straight weeks of selling. Oracle says its won its tech battle against microsoft to partner up with the chinese social media superstar tiktok but at this hour, Chinese Media saying yeah, but you didnt win the war. Top tech analyst colin gillis on whether oracle is getting snookered and Charlie Gasparino on those now crying crony capitalism. What does the latest Covid Vaccine progress mean to some of the pandemic stock superstars . The ceo and cofounder of okta is here on whether a return to work will cut into all the business hes done in the lockdown era. And the nfl is back and with it comes an explosion of gambling apps. One of the biggest digital sport
Complacent well debate that and your next money moves. Liz young is with us, and a tipper mcgee, Institutional Investment services group, and she is a new cnbc contributor. We will have the hazing ceremony, tiffany, in just a bit. Meanwhile, a check on the marks. Nasdaq against hitting new intraday highs, but the nasdaq doing a bit of a uturn, now down 28 points or about 0. 25 of this hour as some growth names like tesla and apple drop. Well talk about them in a little more detail steve weiss, id like to begin with you i read a very persuasive note that talked about reasons to stay invested. If you bet against this market, you are bankly shorting two things you are shorting the fed and you are shorting science, i. E. The hope that a vaccine will come along. You want to short those two . I dont think so steve . So, my observation that i sent to you this morning were that the markets momentum market, and if you disregard fundamentals, which the market is doing in large part, or at least
Under valued it sounds crazy. We had a remarkable blitz up we just came after that brutal sell off all the buyers vanished. Now suddenly were back dow surging 328 points and s p jumping and nasdaq pulled 1. 87 . Why . Why did it happen . Why was so great today because today is merger monday monday used to be the day we always came in and merged and stopped. Guess what its back and bigger than ever so i bought out the merger both. Merger. Merger merger. Yes i havent used the merger both, i dont know, four or five years and its back. All right, all right, all right. Back and bigger than ever. We spent a lot of time trying to figure out what stocks are worth, right the price to earnings. Price to sales and book value. All that stuff we try to do. There is another way to value this business. You look at what another business might be willing to pay for that business and today we got a wave of huge mind numbing deals that suggest there are many real bargains in mna. Merger. Merger merger. L
Consumer sentiment levels rising slightly there are some signs momentum is faltering. Corporate america making big layoffs. Underlying the wall street main street divide. 59 minutes left in the trading week s p 500 set for its sixth Straight Record closing high 7th day in a row of gains and 5th week in a row of gains coming up in a few minutes. Were going to speak with James Bullard about this weeks major fed policy shift the strength of this recovery, washington stimulus stalemate and much more. A bold call on energy, we will speak with a strategist who says now is the time to buy the sector continues to lag far behind the Broader Market, despite todays pop. Lets get straight to this resilient market, the s p 500 looking to close out its 7th straight day of gains, the dow turning positive for the year. Mike san tolly tracking all that action resilient, relentless, persistent, this uptrend, the s p 500 clicks the 3500. So essentially bumping up against that thats your High Water Mark i