Hour. Anything kand often does happen in the last hour of trades. Stay with us. Well bring you all the details as they play out. It will been exciting close. Joining us ken mahoney, joe hider, Steven Parker of jpmorgan and lynn siindsey bell and our own rick santelli. Weve seen a growth bid this week. I have been talking about it all day. Consumer discretionary, tech materials. Is this finally the year for growth . Its been dzefensive for a while now . I think its a great sign for the market. Last year was a tentative rally. We saw things like utilities and staples leading. As yields were coming down investors were looking for other sources of income. What weve seen over the last couple week those cyclical name, the tech names, Consumer Discretionary names are starting to catch that bid and thats a positive sign. Is this normal for this stage of a recovery . Were in year six. Had isntthis isnt a normal recovery. A lot of what has been driving this is the yield. A lot has been focused o
This is a day when you think about it more than 15 years in the making. The nasdaq on track finally to end the day in uncharted territory. Trading above its march 2000 alltime high. That close was at 4,0548. Set back march 10th of 2000. Were a little less than 16 points above that level. The other number were watching this hour the s p 500 also flirting with new highs. The previous alltime high on the left, 2,117. Theres the current level. Were flirting with that one. See if we can do that in the next hour. The markets very next direction could be determined by a huge batch of earnings after the bell today. It is highlighted by google Amazon Microsoft and starbucks. Well hear exclusively from starbucks Ceo Howard Schultz right after his numbers are released, bill. We have a lot of ground to cover this hour. Markets trading right now though, interesting pop midday. Pushed the dow up. It was up more than 80 points for a time. I think it was a 90point gain for a time. Now up 65 points at
You can see were about two points, a little less than that, above that number right now. I know well be watching for the next hour. Yes, we will. Thats for sure. An hour from now, all eyes will switch to another batch of key earnings. Take a look who were hearing from, facebook, at t, qualcomm, all out with their numbers. And our Julia Boorstin will be speaking with facebooks chief operating officer Sheryl Sandberg immediately after the earnings are released. Stay tuned to find out what she has to say. Leaning in with Sheryl Sandberg, coming up. Another twist in Rupert Murdochs efforts to buy time warner. We now may know just how high hes willing to go to win the bidding and reshape his media empire. Or do we . Could murdoch just be posturing . He named a number today. We have david faber with a brand new detail coming up on that in just a few minutes. Yeah, shares of that company, by the way, have been under pressure today. Yep. Heres where we stand across the Broader Markets. Moving
Hi, ty. The dow did hit a new record today. The s p not yet, but 25 stocks in that index did hit new records. Lets check the markets for you. The Dow Jones Industrial average up 97 points off its high of the trading session. The s p up 5 points. The nasdaq composite is really, perhaps, the most interesting index right now of the day. Down 13 points. And look at that chart. It shows a steep drop earlier this morning. The nasdaq dropping in large part due to the fall of apple tesla and celgene. Apple down. 3 , tesla down 15 . Joe is chief Market Strategist with u. S. Trust division of bank of america private wealth management. Bob joins me here on the floor as well to talk about this market. Joe, im going to start with you. As we move into the latter part of the year after such a spectacular performance by stocks, do you think the s p 500s ten sectors will have a perfect ten all ending the year with doubledigit gains . You know, sue, i do. Its very interesting, it hasnt happened since 19
Standard, High Standard agreement, and we will have one that can put an enormous pressure on those countries which seek not to comply with international law. And one of the things we are doing is trying to convince the administration to be more supportive of their own initiative here. The administration often announces an initiative but then doesnt do anything to support its implementation. And in south asia and east asia thats very important right now. With that said, why dont we open it up to your questions . Ill ask along with a question to get a chance to take a bite if you wish to. Let me sort of throw out a ceremonial softball to begin, and thats about what you see as the biggest Foreign Policy threat to the u. S. When youre selected as chairman, you said the greatest threat facing the u. S. And our allies is iran. Is that still your view, or are there other issues that have eclipsed that in terms of being the most important threat to the u. S. . Well, you know, we were, we were