We are back with rick wilson, the cofounder of the antitrump group the Lincoln Project. He is here to discuss with us why his Group Opposes preston trumps reelection. Pspresident trum reelection. How are you doing . Guest i am good. Host remind us of the purpose of the Lincoln Project and for the viewers who want to know, where do you get your funding . Guest are funding comes from the National Grassroots with over 500,000 donors. We have a few major donors trade almost all of our fundraising as come through small dollar donations and people who want a voice that is able to attack donald trump and able to go after his campaign in a way that many others cannot. We are a group of former republicans and folks who were driven out of the donald trump iteration of the Republican Party for a host of reasons. Primarily because he has conservative principles. He is governing as more of an authoritative statist. We look at this election as a threat to the future of this country great it was our
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
Shift. Weve got another bonus hour of fast money tonight at 6 00 where we will be answering all of your burning trading questions. If youve got one, tweet us cnbcfastmoney. We start off with zoom zoom shares staged a gigantic really its 40 jump today now gives ut a market cap bigger than lowes, ibm and citigroup. It is about 3 4 of the size of cisco, which of course is a similar product and 83 times the revenue. What do you make of this giant move today its pretty incredible. I dont know how often weve seen a stock thats jumped by 40 in a single day. But it ran into earnings weve seen nothing but bullish paper in here for the entire year the interesting thing is when you look at the numbers, yes, the numbers were astounding. When you look at the revenue and the earnings beat, its incredible what stands out for me is i look at this company. You just wonder, theres not a short squeeze going on here. Its not a very large short position i think this is just an amazing stock. People look at
1 2 3 boeing is having a big day today. The reopening trade is in full effect Piper Sandler is up today. They say the pain trade is up. They reiterate their 3,600point yearend target for the s p, which sounded crazy when they first put that out, but now i wonder if we have to start looking at that as a coming formali formality, as crazy as that sounds look, ive been adding capital to the market and if you asked me a month ago what i would be doing, i would tell you, i would be down 50 in my exposure not for performance, but for taking money off the table this has sort of hit the frenzied period. The reason why its doing that is because its a valuation holiday, its a fundamental holiday. And when you see things that are happening in the real world, the social injustice, the division in the u. S. , the division in terms of International Relations with merckel not wanting to come to g7, with the relationships of china, you would say, you know what, the markets getting through that so i fe
Adding this modernization and reform. This is an hour. Good afternoon, and welcome to the National Press club. Worlds leading organization for journalists. My name is Michael Friedman and i am the 113th president of the National Press club. Im a journalist in residence at university of maryland grover. An executive producer of the public broadcasting series the report. The an Excellent Program ahead. We invite you to listen watch or follow along on twitter using the mpc life. For cspan and public radio viewers andd listeners, pleasee aware that in the audience today, members of the general public so any clause or reaction you mean here, is not necessarily from the working press. Lets begin by introducing our head table. We ask thatuc you please hold yr applause until all the head table guess have been announced. Beginning to my far left, john oshea, col. U. S. Army retired, and number of American Legion post 20 which is based here at the National Press club. Kevin, captain u. S. Navy,