today the home builders are doing well. the american consumer. i give most of the credit right now for this leg of the market to the trump administration s policy. the lower regulations, lower taxes. i looked at a couple earnings reports this morning and these companies themselves t.j. maxx said you know what? a lot of this is from the tax cuts but also i just think you get to a point where you start to do extraordinarily well and it is infectious and other people feel it. i tell you what, forget all the polls and the other stuff politically. this is 2/3 of the american economy and it is spreading. eric: how long can this go? i think we have a long ways to go here. i think the market is becoming undervalued because there has been so much focus on six or seven big tech names. i like it when t.j. maxx is leading the market higher and deere and the dirty fingernail stocks are going higher like caterpillar. those kind of names that you work with your hands.
markets that facebook is its own unique deal, this sell-off was sort of targeting there and only there and everyone can calm down. is that the case? we have charles payne here and melissa. charles, to you and the amazon news. i m breaking out on you here. a lot better than expected. what do you think of that? if this number there s a lot of factors in the real numbers. but they re looking for $2.53. this is double that. last year it was 40 cents. just to tell you the growth that they ve enjoyed. to your point about the influence on the market. in the first half of the year, of all the southbound gains, 36% came from amazon. now, consequently 8% came from facebook. we saw a muted response. if this is real and the guidance is just this strong, we ll have a monster session back in these tech names by tomorrow morning.
happens tomorrow, you think? there were some pockets of strength and resolve. some of the big tech names. semi conductor stocks were higher. cooler heads will prevail. this is part of a global push back against the global elites. this is not about the party that won and not getting their act together, this is about the will of the italian people being snatched from them, this is the will of the british people as they re trying to derail brexit. a major push back against the establishment on both sides of the atlantic. it has massive ramifications. we won t see them play out immediately. ignore them, the markets couldn t today and it will behoove all of us to pay attention. neil: deidra, another thing that was noticeable, this idea that might the flight to quality wouldn t be in stocks but in our own bond market, our dollar. a lot of people, if in doubt,
from many past. experiences like if you only do how were the margin walk yes lower and lower after. the the third analogy get commodities so only do you know how or it s not very good strategy for the long term established companies are turning to startups to tap new markets this firm develops artificial intelligence for surveillance cameras the more it software sees the more it learns it can differentiate between vehicles and traffic that s important for urban planners founder sean go on received ten million dollars from investors to develop the software the big tech names are also willing to pay for the latest know how. this is the power of the sauce and come on and say hey we can go software and we know how to go thought from we can help you to see the bigger corporations like the top ten they all start to have their been to capital for like their corporate car
surveillance cameras the more it software sees the more it learns it can differentiate between vehicles and traffic that s important for urban planners founder sean go on received ten million dollars from investors to develop the software the big tech names are also willing to pay for the latest know how. this is not how it s awesome come on say. we can go software and we know how to go thought we can help you rise you see the bigger corporations like the top ten they all start to have their venture capital form like their corporate car and it s not investing in the market for artificial intelligence is expected to grow to one hundred thirty billion dollars worldwide by twenty twenty five and that opens up huge opportunities for a new generation of entrepreneurs in taiwan. that s it for me and the business team here and by then thanks for watching.