For a huge pullback. Meanwhile, oil prices are fueling todays rally. Helping the materials sector outperform the rest of the market. Well look at how the volatile Energy Prices may be heading next. Tesla had a rough ride lately but the stock is still up 50 over the past six months. Not bad but coming up well hear from one investor who says tesla is, quote, the markets single Biggest Company stock bubble and well find out why he thinks tesla is the ultimate short. And twitter is reportedly trying to bring its nfl streaming rights to apple tv. Well discuss how big a deal it could be and whether the nfl could stand in the way. By the way, as twitter eyes a 20 closing level here in the final. Yes. Its come back here and very interesting to see how it does streaming those thursday night games this fall in the nfl. Lets start with the full Team Coverage of the markets. Theres the full team right there. Bob pisani tracking the action here at the new york stock exchange. Bertha coombs at the Nasdaq Market site on the tech stocks. Sharon epperson at the nymex with oils latest move higher. We are continuing the move there, as well. Kick it off for us, bob. Important thing is the new high list is dominated by two sectors, bill. Tech stocks and industrial stocks. Lets show you some of the big, Big Industrial names of new highs today. Dover, new high. Eaton, many cases these are historic highs we are hitting. United technologies up fractionally. And many of the aero space names hitting historic highs includes r raytheon. Look helockheed martin, as well. Heres illinois toolworks. We had the Earnings Report from them a little while ago. Very good report. Theres another big aero space name to the right there, vinny. General dynamics also sitting at essentially historic highs. The important things about these material names and industrial names, the earnings on the second half of the year have not come down as aggressively as some people thought they might. And by the way, with energy, with oil at 45, we have Energy Stocks moving, as well, today. Back to you. Bob, thank you. The dow, the s p and the nasdaqs new highs possibly making it a trifecta. Yeah. Were talking about the techheavy nasdaq 100. Thats the one lagging in terms of big caps, also moving further into record territory today. Without the help of what used to lead it. The fang stocks. Amazon, facebook, alphabet, google higher today. Today its lower and investors rotating into the laggards like apple today at a fourmonth high and also coming down to beaten down tech names like go pro tod today. Best performing index of the day. Small caps at new 52week highs. Chip sector at the highest levels of october of 2000 and up nearly 20 for the year. Chips are really powering this tech rally. Though a lot of old line tech names like the semis still more than 40 below their year 2000 highs and top nasdaq 100 stocks, qualcomm, intel and cisco. Still oppenheimer said theyre bullish on the names like intel and cisco. For techs, next leg higher, and one of the bubbles biggest names is on pace for record close today. Take a look at mr. Softee. Just about two cents below an alltime record close today, thats a 16year 8 1 2 month high. Allday intraday split adjusted 59. 97. Guys, when microsoft takes out the alltime high, you have to think this is for real. Who would have thought . Thank you. Oil hit a onemonth high today. And as i mentioned friday, my gas station, local gas station guy up and down the ladder several times already. Raising prices. Sharon epperson buy at the nymex to prove it is like riding a bicycle. Tell us about oil today. Okay. She knows what she is talking about. Sometimes it is only us that can hear it. This time its everybody. Well come back to that shortly. Oil is up today. Thats basically what we were trying to get across there. Lets get to the Closing Bell Exchange for this monday. Ken from Money Matters with us. Keith bliss is at post nine. Next to him is chris. And contributor jack with us from chicago today. Ken, im going to start with you because you have a pretty good conversation starter here for us. You think were in a stock market bubble. Why . You know, i feel like the parent of a 17yearold that is telling their 17yearold that the person theyre in love with not good for them. They dont want to listen. The market is in love with the Central Banks. Whatever the Central Banks say, we believe them. We think theyre going to back everything and we are going to be fine and theres no problems. But think about this. The market is up 20 in the last six months. We are on an analyzed pace of 40 . And why is this . Because of brexit, because of falling global profits, because of mounting debt all over the world. I dont think so. Its, again, because the central bankers have become our superheroes and if youre picturing janet yellen as wonder woman and mario draghi has spiderman, fine, but im not seeing that at all. Make the case for the market here, jack. You know what . Its hard to follow that. I have to tell you. Theres a lot to be said for what ken just said. Look. You know, stocks turned into bonds. All of a sudden we have people chaszing yield. I call them yield hogs. Bulls, bears and now people just buying stocks for yield. Now, that is not the way a market should function. You know, one of the things thats really happened over the course of the last few months is even with the earnings in a recession and we have seen them year over year in a recession, we are looking at multiple expansi expansion, very counter intuitive and why people are scratching their heads about the market. But the one thing that worries me more than anything else, kelly, we are sitting on so much complacency across the board. When i look at the volatility index, it scares the living heck out of me. I get it based on the vix an i want to get to the other guests in a second but one of the definitions as ken would point out im sure of a bubble is everybodys convinced the market has only one direction to go. Tell that to david stepper, tell it to jeff gunlach and ken himself. Smart money tremendous optimism about this rise here, isnt there . Smart money sells when everybody else is buying and buys when even else is selling. Remember, it is one of the things theyre doing and noticed what i have and worried big money. Keith bliss, are we in a stock market bubble . Well, you know, it depends upon the time frame. I make the case for both sides and longer term, i look at the world and the stock market and scratch my head at times, too. Listen. The right here, the right now, you cant fight this tape. When you live in a world where 40 of the s p 500 is yielding manufacture than the bond and 65 more than the 10year note, you cant ignore that fact. Money is going to go where money gets rewarded. Thats u. S. Equities and the way theyre stacked up, all three despite the fact that they hit alltime highs day after day, you have the small caps with some room to go here to get back to the alltime high and if they get emotion, which they have, up 14 since brexit and they continue to go and get to the alltime highs, it will provide more fuel to this market and i think we go higher from here. Chris, what horses are you betting on in this market . As a Small Cap Investor i agree theres room to go there. We think thats the value is. They havent lifted as much as the rest of the markets. You got to find Good Management teams that can manage through up and down markets. The markets arent going to go up forever. And we do think the vix is at a low level. The global Interest Rates are certainly causing that higher multiple expansion. But we Like Technology and Health Care Companies right now in this market. Stand by, guys. Lets get Sharon Epperson back in here again. This is another catalyst for the equity markets, this rise in oil once again. Sharons back at the nymex with a microphone that works apparently. Sharon . Yes. Bill, take a look at whats happened to oil today and you will see the rise that people attribute to the fact theres talk that producers might be taking some action here to stabilize the market. Russias Energy Market speaking to a saudi paper saying theyre working trying to do this and traders on the floor saying, look, we are talking about speculation as much as we are the reality of this happening. We dont know if this is going to happen and the speculation that it will is helping to drive prices, add to that oil above 45 a barrel and momentum to see oil perhaps to 46 a barrel and continuing to see the rise. As you mentioned earlier, we are looking at a onemonth high up 10 since the start of august and other analysts say keep in mind as well theres plenty of supply out there and may be a bit overdone. When you look at whats happened to the gasoline market, yes, we are still paying about 10 cents less than we were a month ago at the pump and about 55 cents less than a year ago and seeing the gasoline futures rise in tandem and means higher prices at the pump still to come. Back to you. Thank you. Meanwhile, jack, how much is this pop in oil contributing overall to the market moves here . Remember, kelly, you know, when its slow and quiet, the way it is right now, traders and Market Makers look for things to move the market and lately it is crude. When crude moves the way it did today, sure enough, the hfts and everybody starts to jump in and starts to build momentum up and the market didnt look good at 40 crude. It starts to look iffy and we have to reevaluate. Between now and then, we have to realize that the trend is your friend. We dont get in the way of a Freight Train but a quick trigger finger for a hedge and get out when the timing is right. Last comment to ken. We started with you. What does it take for the 17yearold to realize the market is doesnt belong here in your view . You know, i agree with what i just heard. You have to participate in whats going on right now. We started buying back in april despite the fact im very, very worried about what it is. Whens going on and the answer to your question is if you can tell me when a 17yearold falls out of love i will tell you when the market will fall out of love with the Central Banks and thats when well see this. Its confidence. When the confidence wanes and you look at the reality of the situation, why is the market setting new highs . I dont know. When the emperor has no clothes on, thats when well see a change in direction. Ken, i dont want to coming in comment on your clothing, but i thought you were buying stocks back in april . It would go down 35 and get us to the 11. 5. When the bear market starts. I said that, you know, you cant as they just said, if the market wants to go up, you want to be with it but a quick trigger finger. In november 2007 told our clients to sell and stay out for 2008, the market was rising into that but finally it came to the point saying it was time to sell. All right. Got to go, guys. Thank you all for your thoughts today on todays Market Action as we set the highs. By the way, every time i go on vacation, i gain weight. Every time you go on vacation, you gain height. What shoes are you wearing . I almost im sore. We did the hike and my legs are killing me and thought to wear flats. You didnt. Thats how it goes. 45 minutes to go in the session. And looking at more recordsetting days with the dow up 78. The s p up 8 and the nasdaq up 33. Twitter rising on a possible deal with apple tv. That could change how millions of people watch nfl games. And well talk about the impact on sports rights an twitter and apple coming hirp. Also, tesla is called out as quote the markets bingest stock bubble. Hell tell us why hes shorting tesla. Will your business be ready when growth presents itself . American express open cards can help you take on a new job, or fill a big order or expand your office and take on whatever comes next. Find out how American Express cards and services can help prepare you for growth at open. Com. Wont replace the full value of your totaled new car. The guy says you picked the wrong insurance plan. No, i picked the wrong insurance company. With Liberty Mutual new car replacement™, you wont have to worry about replacing your car because youll get the full value back including depreciation. And if you have more than one Liberty Mutual policy, you qualify for a multipolicy discount, saving you money on your car and home coverage. Call for a free quote today. Liberty stands with you™. Liberty mutual insurance. A modest rally day on wall street to begin the week and it pushes all three of the major averages into record territory. Write these numbers down. Previous high for the dow 18,613. We are above that. Kelly, i cannot believe shes writing it down. For the s p 2785 and for the nasdaq 5232. We are any positive close for the nasdaq is another new record high here. How about twitter . Its jumping on a report its in talks with apple tv to enable users to watch nfl games on the apple tv. Twitter shares above 20, a level they havent closed above since january. Julia boorstin has more on this for us now. Reporter shares up 6. 5 and they were up as much as 8 earlier today thanks to the New York Times report that twitters in talks to bring the app to apple tv. Now, neither twitter or apple would comment but investors think that this kind of deal could lead to new users watching twitters Live Streaming content, particularly the ten nfl Games Twitter will stream this season. The nfl had nothing to say, no comment here. This, though, would allow twitter users to stream those ten nfl Games Twitters broadcasting directly to the tv set but twitter and apple wouldnt need that deal because apple tv already allows users to mirror on the ios device or computer to the tv set. But investors are carefully watching the potential for twitters investment to bolster the services struggling user numbers. This is considered the centerpiece of a strategy that could be a game changer and help it compete with facebooks own growing video presence. Back over to you. Julia, thank you very much. So the potential relationship of twitter and apple tv raises some interesting possibilities for both parties as well as for the nfl. The look at where this may lead us, were joined today by lee burk, ceo of lhb Sports Entertainment and media helping sports and Entertainment Properties create their own networks across media platforms. Thank you for joining us today. Thank you. So what do you think . Game changer or a modest experiment in what do you make of this . This is a game changer. Across several years of time. I mean, this is a methodical approach wi tby the nfl. One game last year, ten games now on twitter and potentially expanding to apple tv and building towards an ultimate opportunity in the early 20s when the traditional tv deals expire and a potential of digital platforms like apple and twitter and bidding for packages of games such as monday night and sunday night football. These are savvy moves but how much of twitter are we expecting to see once they start showing the games and how much do you expect twitter to be the platform as opposed to the larger more capitalized rivals like facebook when it comes to this evolution youre talking about . Well, you know, facebook and twitter bargained aggressively for this package of games this year and twitter won out. And in part thats because facebook, their Facebook Live component has a limited amount, a window to show something live for for 90 minutes. Twitter has no limit in capacity and look. Theyre at a point where theyre experimenting very aggressively in adding on a number of different sports contents opportunities to drive their audience, drive usage. In part thats out of a certain amount of desperation, but then again, thats a strategy that Media Companies have used for almost a century. Yeah. Do you think a deal like this does it cannibalize traditional broadcasts viewership of games in the nfl or does this expand the viewership do you think . It tends to expand the viewership. I mean, you see it with, you know, with nbc and the olympics and you see it with world cup. You see games streamed with ncaa, with march madness. Games are streamed a number of different platforms and it overall tends to enhance overall viewership across these platforms, reaching fans not necessarily in front of a flat screen. May be driving, they may be at a sports bar, on a college campus. All those opportunities are missed but now are obtained by being able to offer up games and skewing to younger number of fans watching on a tablet or an iphone. Leigh, i want to go back to how much it looks like twitter because i dont understand from the Sports Network involved in this, if you just want to get your content on apple tv, you can do that yourself. Why do you need to go through twitter . What distinguishes them unless they feature their own content of somebody else becoming a dumb pipe . Well, you know, look. Twitter is obtaining and process of obtaining exclusive relationships and grantedly they dont have the money to take them away but the nfl tends to drive the viewership and usage of every media platform that its involved with. So from twitters standpoint, this is part of an overall strategy of getting involved with Sports Properties that drive usage, that do drive sub jipgss and so it does help them in the longer run for viability as an exclusive platform. Exactly. Why dont they just do it themselves . To stream it on apple tv, other than knowing that twitter or somebody else pays up in the near term, why not just do it themselves . Interestingly, apple tv until very, very recently did not get involved in original video content. Literally the last month, they were doing carpool karaoke. Theyre doing a couple of original series right now. They have not until this point gott