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Good thursday morning im Carl Quintanilla with jon fortt and Morgan Brennan dow, s p, and nasdaq at highs. Well be watching for dow 29k here names like facebook awfully close to an alltime high, fall bet, apple, microsoft going back to their ipos. We could use yoosome insight fr you today, bob whats behind this rally why is it so powerful . Is the street behind in their numbers . We think coming out of twooi2019 the nasdaq was up about 39 . But we were coming off an artificial dip, so maybe look from october 1th to the end of 2019, that dip is more like 15 . Strong year, dont get me wrong, but not as anomalous as some would think. A goyear stack basis, how have we done, up about 30 , growth rate of about 15 . Once again strong, but not anomalous. You mean in line with historical patterns. Exactly right you think about the impact of the averages from apple, facebo facebook, ....
Run continues. 111 s p new highs today as we watchaction in technology. Despite some downgrades and plenty of commentary from henl fu hedge fund managers. Alphabet becoming the fourth firm to reach a trillion dollars. The five Top Tech Companies account for 70 of the s p and worth 5 trillion combined happy friday, gent, go tshggente you. Good to see you barry, you had moves in markets, bull markets of the 90s compared to bull markets of the 20s you said we have not hit the blow off top but were on our way. If you look at the exponential trends, a curve increasing at an increasing rate that characterized the 1920s bull market. It characterized the 1990s this one has been more linear and it doesnt have the upward sloping curve since the 2009 low. So i find it hard to believe that weve seen the top because we have not entered that parabolic move how would you know when were close . Well, youll see the parabolic move that will be ....
republican took over new york. and the warning it sends across the country. and one week ago, he told elon musk welcome to hell. tonight, that hail-scape is a whole lot worse. as the 11th hour gets underway on friday night. good evening once again. i m stephanie ruhle. we are down to the wire. four days before the election day, and with control of the senate and the house on the line. there is no room for error. there s also no rest for the president on this final campaign weekend. president biden will be trying to get out the vote in illinois and pennsylvania. he ll have company in the keystone state for two former presidents, biden will headline a rally with president obama, while donald trump is also campaigning there this weekend. this afternoon, biden said he thinks things are looking good for democrats. we re gonna win this time around, i feel really good about our chances. we re gonna keep this and keep up a seat. we have a chance of winning the house. that s w ....
Wall street. The dow skyrocketing after Congress Comes together on a deal that prevents tax hikes for the majority of americans. But dont get too happy just yet. This deal only sets up a nastier showdown in the coming months. Well break that down in a moment. But first, this. Were going to start with superstorm sandy. At anytime now, any minute, new Jersey Governor Chris Christie set to hold a News Conference on the fight over aid to victims of superstorm sandy. These victims may have to wait for months for help, because your Congress Just cannot get it together. Unless, unless a meeting this hour provides a last minute fix, house lawmakers will leave town would the passing an aid package to help sandy survivors rebuild their homes and their lives. L ....
Musk welcome to hell. Tonight, that hailscape is a whole lot worse. As the 11th hour gets underway on friday night. Good evening once again. Im stephanie ruhle. We are down to the wire. Four days before the election day, and with control of the senate and the house on the line. There is no room for error. Theres also no rest for the president on this final campaign weekend. President biden will be trying to get out the vote in illinois and pennsylvania. Hell have company in the keystone state for two former president s, biden will headline a rally with president obama, while donald trump is also campaigning there this weekend. This afternoon, biden said he thinks things are looking good for democrats. Were gonna win this time around, i feel really good about our chances. Were gonna keep this and keep up a seat. We have a chance of winning the house. Thats when im optimistic, i really am. Biden will also be in new york this weekend, campaigning with governor kathy hochul, who is in a su ....