Belie [ bleep ]. More of his reaction straight ahead. We start off with the tech wreck, the nasdaq dropping for the fifth time in six sessions, down more than 10 from its record the index closing the week with its wbiggest loss since march apple, facebook, all the big names tumbling this week is this an ominous sign for the market jeff mills, what do you say . I think in the near term that it probably is ultimately, i dont think this is the rotation weve all been waiting for. Near term, i do think there is more room to the downside. I think just focusing on the technicals right now is important, because these things clearly arent trading on fundamentals it looks like a lot of these stocks have breached that level. I do think theres more room to go this is what happens when share prices move in this way. Its this gain theory approach where people are buying these stocks because they think other people are biuying these stocks i pointed this out on twitter earlier in the week. Even after
Could a bield card d could a wild card derail that run. That chart is a thing of beauty. And later, home depot, what is lighting up to the tune of 80 gain in just three days. Wow. A lot to do. Were going to begin with these r red hot markets and quest for Higher Ground. Investors keep investing but not much for s p 500 closing just shy of a new record, four points off, but believers keep believing. Goldman sachs raysing the target to new wall street target to new high 3600 so as the world keeps turning, will the markets ever get to Higher Ground brian, welcome back its great i dont see you, but its great to hear your voice, again doing gentlemans work im a little upset we didnt play the Stevie Wonder version we played the chill yi peppers. Version. Flea is a huge fan. So shout out to flea to answer your question, why not. 3600 for s p 500, 5. 5 from here market seems to go up 5 every day. Notwithstanding. So its reasonable with the fed at their back every piece of bad news is digested
About 12 today. Another market master, ams evaluation 2 trillion for the first time ever. Tech was leading now 59 minutes left of the session and were essentially flat apple not flat. 2 trillion Company Coming up in just a few minutes, we will speak with White House National Economic Council director larry kudlow about the stimulus stalemate in washington the rising tensions with china and a whole lot more. Later rolling out the red carpet, ceo of amc theaters will be joining us with his companys plan to brink customers back to the movies its not going to cost you very much. Lets focus in on the big stories were watching in this final hour of trade. Bob pisani tracking the fed minutes. Joining us to discuss retail moves from pro forma starting with Broader Market weakening a bit off fed minutes. This doesnt happen very often. Usually fed minutes is not a market mover it was as wilf rentsched we lost points in the s p 500, thats noticeable given the fed doesnt move the market in the min
Were going to give them more. Target soaring today if youre looking to buy the stock now, have you already missed the mark . We will debate plus, we are following the after hours action in shares of both nvidia and l. Brands both stocks on the move after reporting results. Well break down the numbers a surprising stat on l brands that i promise you did not know. Later, bonawyn is taking to the mound to pitch his next best idea why he thinks this housing play may be a total home run. We are going to begin now with breaking news on airbnb and their plans to go public lets bring in deirdre bosa with more on the details. This is a filing that we have been waiting for for a very long time however, airbnb filing confidentially so well have to wait a little longer this isnt unexpected. A source told me airbnb could file as soon as august and shares could trade this year just because you file confidentially doesnt mean you have to ipo any time soon. What may be surprising is that airbnb is fav
Additions here amgen, honeywell and salesforce which report after the bell. 59 minutes left of trade welcome to the big show, david yep and head on todays show as well sara, were going to discuss the Economic Data points and what the outlook is Going Forward were going to have the council of economic advisors acting chairman his name is tyler goodspeed. Hell be our guest plus, well focus on todays strong housing dwrat with redfins ceo glenn kelman. And it may be late in earnings season there are still some big names reporting after the bell including sales force, nordstrom, Toll Brothers and more well bring you all the numbers, sara, as soon as they hit the tape before all that, lets get straight to the market the major arnlgs following another record high for the s p 500 yesterday. Mike santoli is tracking all of the moves for us good morning i should say that is the last time ill do that, mike good afternoon, mike. 3 00 p. M. Is the last time were going to call it morning appreciate