Halftime report starts right now. All right. Welcome. Good to have you with us on this tuesday. Joe terranova, stover any link, and jeff farr is back. Stocks modestly mixed. We begin with four widely held names. While woe dont expect another 32 years, we also dont expect selling pressure given the runway of disney plus. Are more ahead i could see a scenario the next couple years it works its way up to 200 a share disney had an incredible year. They had 80 of box office, which is completely unheard of in the history of hollywood. They probably dont repeat that, and of course thats in the past, but you say to yourself what will change with the Competitive Dynamics of the Media Industry to knock disney out of the top position. And for me, its really hard to figure that out. Im not quite sure whats going to change. The popularity of their films has never been greater and theres no kevin there it was all old content they have two or three new shows. Then he think about the things like cord
Taylor how cyclical is tech hiring . Forecastedssion later in the future. Doesthe economy does well, text see some over hiring and when it doesnt, does it see under hiring . Is it defensive, or economic agnostic . You dont have as many Business Cycles to look across to see how modern Tech Industry does. Certainly doing the tech bubble, you had a huge run off at the time. It was recently that we started to reach the Employment Level things focusing on the tech sector. The cyclicality matters. It matters for every industry. But tech is doing its own thing as well. Taylor i have to ask, where are the female jobs . Adam they are throughout the Tech Industry as well. Every industry is working hard to find more people. They are going to have to hire men and women as well. Taylor adam, thank you for joining us. Adam thanks for having me. Taylor switching gears to the realm of videoconferencing, zoom video started to celebrate one of the tech ipos of 2017 that went up but after a strong thirdq
Right now. Well take more of yesterday today that is for sure. Welcome to fbn am and good morning im cheryl casone. Hey cheryl good morning everybody. Im lauren simonetti. Yeah well it is a great morning for your money investors gobbled up stocks yesterday. Also major indices were set to open at record high this is morning right now were a little bit to the downside. Back to change, though, the dow is down 12 s p up one and three quarters nasdaq down one and three quarters but the dow could if things turnaround hit a 100th record close today under President Trump. Thats unbelievable. Records indeed set yesterday, the s p 500 and nasdaq both hitting all time high as you can see on this screen. If youre keeping track, with the s p had its 24th record close of the year. The nasdaq had it 19th. All of these new highs are under President Trump. That tech heavy nasdaq led the way with 114th record close that was powered by technologying toes trade optimism there and s p is 10 4, dow hitting
The major averages finished the day at alltime highs thanks to Quarterly Results from some retailers which brightened the mood and which well get to in a moment. There were also incremental developments and u. S. China trade talks that investored interpreted as positive. Though as you know that changes from day to day. Here are closing numbers. The Dow Jones Industrial average 55 to 28121. The nasdaq gained 15. And the s p added 6. Now to this new report on the makers of opioids. According to a walgds a criminal investigation has been opened that role drug manufacturers and distributors played in fueling the countrys opioid crisis. The news sending shares of teva mallinkrodt and Amerisource Bergen sharply lower. Dow dpoenant Johnson Johnson down a Penney Meg Tyrell has thor to. T company are facing thousands of lawsuit over the role in the opioid crisis. Today another negative headline. The drug makesers and distributors disclosed receiving subpoenas from the u. S. Attorneys. That John
Right now the green is the controlling color. The dow approaching 2,000. The s p and nasdaq on track for record closes to end out what has been a very eventful week. Lets get to eamon now for more on what we expect as we await President Trump. Its been to put it mildly a busy day in washington the drama is swirling here in washington today the president will be talking in the roosevelt room in a couple of minutes about this initiative that you just mentioned which is keeping Held Health Care costs lower by allowing customers to see what the prices are. The administration is talk about forcing hospitals and Insurance Companies now to disclose what the prices are they negotiate among themselves those negotiations behind closed doors now and the administration has been making the case today this is a shadowy Pricing System and customers are entirely unaware of what things cost and they cant make real choices about what their health care ought to be and how much it ought to cost. Thats the