Consumer in this covid economy and a ventilator boost from medtronic, but sales for other medical devices remain lower medtronics ceo will join us exclusively later this hour. Carl, jims shaking his head already. I dont know speculative market ive ever seen i was going to say, jim, i mean, what a confluence of headlines and then to layer on what you were talking about with becky, this seemingly endless generational bid for stocks in general. You know, look at these plug power did a deal last week, 38 million shares of 22. 25, norwegian did a deal of 40 million shares at 20. 80, carnival did a huge deal at 17. 59, up huge on that, American Airlines did a deal, huge amount of stock, and about price that is a dollar below where this it is trading. Ive never seen anything like it where are the profit takers . Where are they i dont know. This is listen, we have been talking about this new cohort in the market, theyre for real, man. They are real it is not just ev stocks that are ev Companie
Swapping out pfizer for amgen. Raytheon youll hear later today. The largest oil and gas company with one software play dropping a respected drug company for a descent biotech . Kicking a defense contractor to the curb for an industrial if it makes you scratch your head, youre not alone these changes had enormous impact the dow dipping 60 points and the s p dipped and nasdaq gained 6. 7 in all honesty, these moves made a lot of sense they bring the dow closer to the reality of the new cone economyt the memory of the old. Before i delve into each trade, there is an aspect of the dow like the king to the s p 500 Prime Minister same t simultaneously more prestigious. Only included the dow because i had old investors regarded as the most important benchmark we live in the efts of trillions of dollars and whatever name gets swapped in, there is a gigantic wave of buying and selling. The dow has little money invested in etfs its a big deal if you work for them because this is an exclusive clu
Earnings, and we will bring you the trade. First, we start off with the amazing chase. The s p 500 and nasdaq starting at new alltime highs and the record move is forcing wall street analysts to play a game of catchup. And as Morgan Stanley is up on the price tag of apple for a street high of 1. 20 a share, and it is where apple past the beginning of the month. And with tesla, the stock is 1247 and the stock is now trading above 2,000 a share. So what is this giant game of catchup saying about the stock market that we are in. Guy adami . Well, first of all, welcome back mel back, mels, and i love that you are on every show since your return, the and so have you watched any baseball since you were gone . Yes, i did. No doubt you saw mike trout play, and to bring that up because of the absurdity of everything, a mike trout signed rookie card sold at action for 4 million and i dont point it out to be glib, but point it out because everything is chasing everything right now, andpel is one
Portfolio . Then there is this. President trump i thought it was a very divisive speech, extremely divisive. We have tremendous amount much enthusiasm for my campaign. Charles President Trump pushing back against former First Lady Michelle Obama who declared him in over his head. Well get reaction from Katie Pavlich on that. All that and much more on coming up on making morn any. Making money. Charles golly, folks, monster quarters for two of the bigger names in retailing. Walmart, home depot posting results well ahead of expenses. Mindboggling increases in samestore sales. Wall street is anxious what happens next with additional stimulus. That is stuck in limbo. We are erin sikes and kristin benz. Let me start with you. Walmart was initially up 6, 7 in the premarket. Home depot, again, surge, surging, folks kind of wondered can it be reflip indicated, can it be replicated without stimulus . Where do we go from here . Is certainly can, charles were . A walla so no economy. Home depot w
The National Defense authorization bill today for 2021. There there are a number of amendment votes scheduled for this afternoon. Live Senate Coverage here on cspan2. The president pro tempore the senate will come to order. The chaplain, dr. Black, will lead the senate in prayer. The chaplain let us pray. Eternal spirit, grant to this nation, and to all people, a social conscience built on the vision of the ancient prophets who saw sufficiency for every person and a time when anxiety would overcome chaos and hopelessness. Hasten the day when the small and weak can make their contributions alongside the great and powerful. Lead us to the day when we will see peace among the nations of the earth, when swords shall be beaten into plowshares. Use the members of this body to bring us to the time when your will is done on earth even as it is dob in heaven. Lord, we trust you with our future. Let your glory cover the earth as the waters cover the sea. We pray in your mighty name. Amen. The pr