To get things started off. The dow is down by 17 points but the s p and the nasdaq is there. Nasdaq is indicated up by 47 points this is after a strong month of july for all three of the averages the dow up by 2. 4 for the month. The s p saw its best july by ten years. It was up by 5. 5 . Thats nothing compared to the nasdaq today is the first trade ding d of august. Thats out at 10 00 a. M. Eastern time today also take a look at treasury yields you did see yields under extreme pressure or ten year closing at its lowest level since all the way back to march 9th. Right now it is a little bit higher 0. 546 stimulus talks in congress. Trump administrations officials and House Speaker nancy pelosi are set to resume negotiations today on their competing visions of a bill. The Sticking Point continues to be a boost set at 600 per week in march that lapsed on friday he and Speaker Pelosi are on the same page about the need of direct Cash Payments of 1,200 to most americans. Andrew. And big co
Limited number of cases but more important were tracking all the people who are in periods of cooling off and we track that very carefully, make sure that they come through without getting sick and if they need to be tested and stuff we work with them. Boris johnson comes down with it i talk with my wife. Are we going to get it, our kids, who is going to get it do you have to think like that at bank do you have people working closely with each other . Social distancing, im sure youre trying to practice it, but its on everybodys minds am i going to get it . Sure. For our teammates immediately, the first thing we did a couple weeks ago plus now is went out and solicited all the people high risk and you heard the medical experts, dr. Fauci, dr. Birx and others talk about that, you know, the high risk is a much different case. We went out and said, please identify and got them off the line and put got them home and away from the situation. I think that probably goes back two weeks ago now.
And say the market is reaching extremes of being oversold theres been signs of internal panic and we were set up for at least some kind of snapback. A couple caveats there, we did have a couple tuesday rallies of 5 and 6 the past couple weeks that did not arrest the downtrend. One thing you can hang a little bit of weight on right now is the fact that over the past several days youve been able to look below the surface of the indexes and see more differentiation, separating winners from losers and a little more stock picking and less indiscriminate selling all sets us up for a good bounce on obviously expectations of policy traction that were getting from the fed and congress likely. All that seems to say its a bounce, a very strong one, its an overdue one will it carry on to anything i dont know that we can say for sure, but i like to say every bottom start with a bounce, not every bounce becomes a bottom. In the meantime just i think to put your point into one phrase, its turnaround
Corp. Downgraded we will debate on call of the day. The Investment Committee is ready to go. The Halftime Report starts right now. And it is good to have you with us today. Our Investment Committee here, jim lavin all this, jon fortt. Dave wise, jen, liz young is back also with us on set today is ed. Lets begin with the rally stocks hitting record highs today. The dow closing above 29,000 is it time to buy or is it time to worry, liz . I am an incurable optimist. Not really ever time to worry that much. I say this all the time. You must be present to win i always believe you should be in the market. I still think there are places you can buy stocks josh brown, big friend of the show, i think he posted on twitter yesterday the market isnt even due for anything. We shouldnt pay so much attention to the calendar or the fact that it has been a long time or things have gone on to a long time. You have got Pay Attention to valuation right . Not as much as we used to i dont even know. With Mo
Annual ces event in las vegas. We hear from the heads of micron, qualcomm, Verizon Media, and queen vee. And Tesla Ceo Elon musk cuts a rug after delivering the first customer cars from the shanghai factory. Shares touch record highs. Our top story this week brought increased tensions between the u. S. And iran. Last friday, a military strike in Baghdad International airport took out one of irans top generals. Tehran responded by launching missiles at u. S. Interests in iraq. It all roiled the markets and created new fears of cyber warfare. CyberSecurity Firms like cloudflare were up this week as a result. I was joined by marcus salary the director of strategic threat tracei Security Firm dark and our cybersecurity reporter. I think there is a significant distinction between irans conventional battlefield capabilities and where they are on the cyber front. They are never going to go to totoe with the united states, at least in this realm, in a conventional battle. In the cyber realm, t