Housing starts surge 2ging 22 n july countdown to a record. We are above it right now. But as we have said, we have been there before. 59 minutes until its official will today be the day . I dont know, mike san toll ji not here. If you missed out on the markets stunning rally, is it too late to jump in now . Well ask founder Mike Novogratz for his take and a world of difference. How much the Global Economy has been altered and the challenge thats remain with David Melpass. Lets get to the stories were watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, lets start off with you. Its technology. There is the tech on the upside. A little Consumer Discretionary. That is amazon and advance auto parts. This the he do very good retailers lagging behind here. Thats how important they are. Those are not typos. Apple, 42 the stocks all major reasons why were at new highs today as for the retailers, yeah, we are at new highs at the open at home de
So tonight were going to take a step back, try to put all this discipline stuff into perspective. If you pick your own stocks, the thing you need above Everything Else is judgment obviously good investigating judgment isnt something you can be taught in a month or a year i try to give you the tools you need to develop your own judgment all my best professors in college focused on teaching us how to be a better investor, not just tell you the stocks that ii think are Good Investments the problem is thats a heck of a lot to process when youre managing your own money, before any other consideration, you need to know yourself you simply cant know which stocks you should buy if you havent taken time to consider what your own personal obje objectives are are you just trying to get a decent return as you save for retirement do you have money to burn, and youre willing to take risks on more speculative propositions . Theres no one size fits all approach to investing and anyone who tells you di
Investor that it would be hard to keep track of everything you do and a lot of this stuff is much more important than the day to day action. Without the right discipline, the right frame working the right dare i say philosophy, youre going to get yourself into trouble but i also know big picture Financial Advice is hard to process a lot of it seems down right contradictory to most people we tell you to have conviction, to stick with the companies you believe in and say you need to be ready to change your mind on the dime you need to be cautious because its so dangerous out there but you also need to be ready to pounce on opportunities when they spent themselves. You need to be skeptical but you also need to know when to suspend your belief, disbelief you need to avoid chasing stocks that have run too much, but you also shouldnt care too much where a stock is coming from if you believe its headed higher you know the rules, it doesnt matter where a stock has come from, its where its head
This business. There are so many Different Things you need to balance in order to be a great investor that it can be hard to keep track of everything. Now, a lot of this stuff is much more important than the daytoday action in any particular session. This stock went up, this stock went down. Without the right discipline, the right framework, the right dare i say philosophy, youre going to get yourself into trouble. And thats why were all about discipline when we manage the travel trust for the cnbc investing club. Its why we constantly fall back on the rules, our investing guide to guide our Decision Making for every kind of market, and tonight, im going to share some of them with you. But i know that the big picture Financial Advice can be hard to process. A lot of its down right contradictory. Thats a keyword. We tell you to have conviction, to stick with the companies you believe in, and then we say you need to be ready to change your mind on a dime if the facts change . You need to
The four. Im Heather Holmes and im alex savage. The Biden Administration is urging hamas to accept the terms of a reported cease fire deal proposed by israel. The terms of this agreement have not been made public, but it reportedly lowers the number of hostages that hamas would be required to free during the initial six weeks of the cease fire, in exchange for the release of hundreds of palestinian prisoners. Secretary of state Antony Blinken is in saudi arabia today ahead of a visit to israel this week, blinken says that while the talks continue, israel needs to improve conditions in gaza. Now that you measure the progress in the last few weeks, including the opening of crossings, increased volume of aid delivery, 2000 and within gaza, and the building of the u. S. Maritime corridor, which will open in the coming weeks. But it is not enough. This weekend, President Biden warned israels Prime Minister against a planned invasion of the Southern City of rafah, which is in southern gaza.