The best performing s p at the moment i have my eye on a few techish stocks this morning for different reasons. First box is up better than 5 6 , actually, after earnings an echo of what we saw from sails force. And then, tesla. That stock now well higher than 400 billion dollars in market cap. So you wonder where that one goes it has certainly been a storied stock of the market so far and then along the lines of the idea of reopening disney, trading now where it was about a month ago. The rise of skywalker came out 135 her share, dei rrrdre still down about 6. 5 lets begin with a big tech story of the day tiktok Ceo Kevin Mayer leaving the company. He said in recent weeks as a political environment has sharply changed, i have done significant reflection on what the corporate structural changes will require and what it means for the global role i signed up for. Against this backdrop, and as we expect to reach a resolution very soon, it is with a heavy heart that i want today let you al
Laura. Jim, one of those every now and then we get a day that is truly consequential and that certainly fits at least the expectations for powells speech. I wish that we hadnt come in so hot when you have a company that gains 50 billion in one day, salesforce, when you have a tremendous number of nasdaq stocks that have just kind of out of control to the upside you dont want to have anything that could disrupt that i think its heightened, im glad were covering every minute of t david, you know that this is a day that we would normally be talking about abbott labs and talking about the mysterious tiktok mayor issue which are both huge stories but we have to defer to jay powell. We do we have to defer to powell we have to continue to understand what the fed Balance Sheet will look like with that 3 trillion thats been added to it which is a staggering sum, guys jim, your point is well taken. Yesterday salesforce i have rarely seen anything like that move, yes, they were extraordinarily st
6000. And begin that shoulder and inspired the world. And her daughter karina is here as well. Youre in for an excellent time tonight. Before we start, what is a huge thanks for everyone for making this company. In all of for being here to publisher and for all you showing up. Green light, our community is still here. All of us are severe. And we really appreciate that. Couple of housekeeping things. If you are plugging in now, you can see the speakers but you cant see or hear you. They can see your name so they can see you. You can share comments. If your hair with a girl scout gross, we totally want to know what trip youre with. If you want to ask a question, we will have a q a session later on the staff this evening. You can look at quicken the q a button. We are recording tonights event so look for audio or video versions in our website and social media channels. This might appear on cspan as well. It did to note that this book girl scout troop 6000 is available and green light sto
A day. Yesterday that was a big head wind as the market did get up the s p just to the cusp of those old highs. We did it without the help of technology, of the big Growth Stocks everyone is talking about this rotation the nasdaq has had yet another of its fairly routine pullbacks so far it has bounced to maintain this up trend today yes, tesla helping it, but really it is the old favorites as well, just picking up the slack and the s p is right back to yesterdays afternoon highs before we had that shake out going into the close. Julia, david faber mentioning last hour the passing of Sumner Redstone, a legend in the content world. Coin that phrase content is king. Has a bit of feeling the end of an era, of course, he lived well into his 90s but what are your thoughts on what a figure like Sumner Redstone meant in his prime and who is defining this era right now. Well, certainly, jon. He was the ultimate media mobile of that raera. He was responsible for the consolidation of so much con
Tiktok positive covid19 treatment news eli lilly starting phase three of an antibody drug. Well get into that and we have better than expected manufacturing data which along with better than feared earnings is helping lift sentiment. Were on record close watch for the nasdaq 59 minutes left trade. We certainly are. Its up 1. 6 lots to come on todays show well discuss the fast moving developments in the talk between microsoft and tiktok and what a mean would mean for other social media stocks with chris kelly. The plus, big Testing Companies like quest and lab corps warn of back logs and delays, well talk to Gravity Diagnostics ceo we have big Earnings Reports coming your way. Virgin galactic, taketwo and chegg and more well bring you the numbers as they cross and analysis as well. Lets focus in on the big stories. Mike santoli tracking todays market action. Mike, lets start with you. Not far off session highs really not that far all time highs. About 3 below that right now. And weve ki