Here to discuss all that is adam parker, Research Founder and ceo, and a cnbc contributor. Adam, there were all kinds of reasons it made sense to anticipate a little bit of chop coming into august seasonals, sentiment, technicals, valuation, arguably, yields are doing what theyre doing, but Corporate America has kind of shown its hand on earnings for the most part this earnings season. Better than anticipated. The consensus is holding up on a forward basis. Where does that leave you in terms of whether, in fact, you know, the market can skate without much more of a correction i mean, if youre reacting week over week or, say, over the last month, i dont think the data make you more negative. No. I think if you were starting july 1, saying, im 50 , were up ten, down ten, im like 60 40 up now because i think the Big Companies delivered pretty Solid Earnings reports their earnings are up pretty much for all of them, google, amazon, meta nvidias numbers are up. They didnt even report yet. S
Nearly six weeks after the union began a walkout. And Morgan Stanley says it has its new future leader. Dont miss a first on cnbc interview with ted pick and current chief executive james gorman lets begin with the nasdaq which is set to fall deeper into correction territory the ndx coming off the worst day of the year. Now down 11 from the july highs. It looks like the mega caps are catching up to the decline of Everything Else i think theres an overwhelming sense that they all went too far. That they all got overvalued i do not share that. Well get to meta. These are not ultra expensive stocks, theyre a couple turns in pe. Theyve become major sources of fund i think its more correlated with the bond market than earnings yes, google did not tell a good story, it wasnt like they missed big meta, otherthan a few lines that were about meaningful spending, meaningful hiring and also obviously difficult to advertise when you have a wash, it was quite good. Now, the stock is down literally
Meeting this week along with the jay powell press conference. That will be the focuses for the markets. Right now, the tenyear yield is just about where it has been the last tcouple weeks propalestinian protests continuing on College Campuses over the weekend some schools requesting Police Intervention to stop encampments. Jill stein was arrested at a protest. She said it was about freedom of speech which needs debate and dialogue at ucla, protests by propalestinian and proraisrael supporters and at state university, they paused connections to boeing after they demanded to cut ties with the weaponing Manufacturing Division the school has no investment in boeing it accepted 150,000 in donations. Boeing providing 28,000 a year for scholarships the University Paper aresident d in response to the issues. Officials in china removed restrictions on tesla cars after the vehicles passed the Data Security requirements. Just this morning, the wall street journal is reports that chinese officials
Levin and this is life, Liberty Levin s s send every two gret guests tonight. We have pete and brent. Before we get to our friends, i want to pick up where i left off last night and dig deeply with you. I hope you are sitting down. This is a tale of two democracies for the United States and israel. And one man who is seeking to destroy both of them. I know he is mediate to protect him and attack anyone who challenges him. But joe biden is a very diabolical evil politician who is trying to Imprison Donald Trump and clear the political Playing Field for his reelection. He is trying to take out Benjamin Netanyahu remove that government and install a government that he and the Democrat Party want in the state of israel. Joe biden is at war with two democracies. Our country and israel and im d to prove it. How . First lets go through a little bit of history. Joe biden is behind these investigations against donald trump. He is behind all of them. He sends signals and his staff sends a signal
Levin and this is life, Liberty Levin sen so send every two t guests tonight. We have pete and brent. Before we get to our friends, i want to pick up where i left off last night and dig deeply with you. I hope you are sitting down. This is a tale of two democracies for the United States and israel. And one man who is seeking to destroy both of them. I know he is mediate to protect him and attack anyone who challenges him. But joe biden is a very diabolical evil politician who is trying to Imprison Donald Trump and clear the political Playing Field for his reelection. He is trying to take out Benjamin Netanyahu remove that government and install a government that he and the Democrat Party want in the state of israel. Joe biden is at war with two democracies. Our country and israel and im d to prove it. How . First lets go through a little bit of history. Joe biden is behind these investigations against donald trump. He is behind all of them. He sends signals and his staff sends a signal