Investments, as well great to have you all here get to you in a second but i want to start with you, lee, if i could. Why are you speaking out its a good question. I dont have any dog in this fight. I retired from the board five years ago. I made a mistake i gave all my stock to charity i should have given cash, because the stock has almost tripled in the five years that im off the board. But i feel and i have, like i said, in dog in the fight. And i know and respect bill ackman so its difficult for me but notwithstanding, i consider his behavior to be, in this instance, somewhere between foolish, inappropriate, and irresponsible. And i feel its my job to speak out and speak my view. What was your reaction, though, when you sort of first found out that he was i was somewhat incredulous. Let me explain, basically. Ben graham wrote a book, i think in the mid50s called the Intelligent Investor and he pottsized in that book that an an analyst evaluates management twice in the decisionmakin
Faceoff what that means for you and the media landscape. A slamdunk edition of power lunch starts right now good afternoon, everybody. Welcome to power lunch. Im Tyler Mathisen stoc stocks trading in a narrow range. We could have our ninth Straight Record closing high. Boeing, apple, walmart, the biggest winners. Check out some of the other movers Rockwell Collins trading at an alltime high. Dom chew just reported a little bit about it de deere also at alltime highs and mylan going lower, hitting levels not seen in four years. I am Michelle Carusocabrera north korea vowing to teach the u. S. A severe lesson if they launch an attack against pyongyang. Security council vote was unanimous. A strong statement against north korea. New sanctions are in response to north koreas two intercontinental ballistic test in july. It could slash our 3 billion annual export revenue by a third. The intention which bans u. S. Members from banning coal, iron, iron ore and seafood are to force them to sit
Record high for a ninth straight day. Were up 11 points right now and if youre keeping score it would also be the dows tenth straight game. Nine records and ten games, and the s p is in record territory. The russell is not though. Hand neither is the nasdaq. But it is coming back today strong. So we are keeping a close eye on all of those and the possibility of more records being set today. All of this despite increasing tensions between the United States and north korea after the u. N. Imposed new sanctions on the rogue nation. Coming up, weve got the latest on north koreas threats and whether they could derail the rally. What it looks like from here. Yes all thats happening and, of course, the vix falls below 10 today. It takes a lot to spook the markets these days. Crazy. The sense of calm continues. And more earnings cbs highlighting todays after hours reports. Tonight, instant analysis of all of those numbers and a debate on whether you should be buying or selling what used to be
Cry crypto currency bubble might be ready to burst brian kelly tells us why it has more room to run and take your bitcoin tweets. First, we start with the markets. Dow and s p closing at a record high marks the dows tenth straight gains. The xlk, etf, tracks the tech sector officially recovering all its losses from the june 9th selloff, closing at its highest level since 2000 now over that time, health care, financials and industrials have taken off. With tech seemingly back to the saddle, is it time to put fresh money to work . So basically the question is, do you go with the sector rotation or do you stick with tech which seems to be getting its mojo back i think you stay with tech for now. You mentioned the xlk, so beginning i think june 8 thth, xlk topped up around 58 or so. Saw a precipitous drop not only on june 9th but the weeks that to followed what the tech is setting up for is a push back to the alltime highs we saw in 99, somewhere around 65. Youve seen selloffs of this magn
Council voted this weekend to unanimously sucker punch the rogue nation to the tune of 1 billion. Historic sanctions target everything from north koreas ability to trade coal, iron, led, seafood and guess what . China and russia joining the counsel, their hand finally forced by kim jonguns latest round of missile test just ten days ago. But is it all too little too late . Retired Lieutenant General served eight tours in the pacific region, hes with us on whether kim jongun is now really ready to go to war. And weve go on this breaking news. Bitcoin dramatically spiking to a new alltime high at this hour. Just as a controversial cryptocurrency leaked one of the most infamous lobbyists to ever walk the streets of dc is watching a new bitcoin reality show to help a bitcoin startup in congress not to kill the currency in its infancy. Jeff is here in a fox business exclusive. Plus, elon musks latest power play, it involves junk. And the top trade you should be making from your lawn chair. P