Of working people. And a Succession Style Battle to decide the air of the Murdoch Empire plays out in court today. President biden has warned the Un General Assembly of the need to prevent a full Scale War in lebanon, as clashes escalate between israel and the militant group hezbollah. In the last few hours the israeli military says it has killed a senior Hezbollah Commander in a strike on beirut. These pictures show the extent of the destruction and the wreckage from the aftermath of that strike. Its led to a Mass Exodus of civilians from their homes, causing gridlock on the roads. Meanwhile hezbollah has fired dozens of rockets towards northern israel. Joining me now is our correspondent in Beirut Anna Foster and our diplomatic correspondent Paul Adams whos in jerusalem. Anna, to you first of All. The second day of this relentless bombardment, give me an idea of what it is like there. What it is like there. Well, at the moment what it is like there. Well, at the moment it what it is
Were happy about. Congratulations for that lets go to the wall and check out where we stand as we set the table for our friday conversation 29,367 for the dow thats 1 . 2 8. S p is just shy of that and the nasdaq is having a pretty good day as are the small caps. Liz young, lets set the investing landscape if we could for our debate youve got virus cases soaring but very promising vaccine news on a number of different front you got the president not conceding but you got biden winning arizona, which gives some more certainty to the transition period, despite the noise and the noise makers, if you will youve got so much pentup demand on the other side of the virus. You know thats going to be the case then you have this battle between value and growth as you all try and figure out where to place your bets for the months ahead. What do we do with all of that what do we do with all that we start with thinking about the time frame its true that through the end of the year, maybe into januar
Look at the s p 500 at 2978, a 55point gain and there is the nasdaq the outperformer yet again, almost 2. 25 , 200 points, 9387 the nasdaq, not all that far away from last februarys highs, which our headliner says this hour is going to happen this year and not just the nasdaq so lets welcome in fund strats tom lee. He is joining us via skype tom, welcome back. Nice to see you again. Thanks for having me. Big call. How are we going to get there this year, tom you say 3450 is happening . Yes, and i think what really drives our view is that companies in the midst of the shutdown arent standing still you know, theyre reengineering their operations, learning how to be digital, run with fewer employees and less real estate so in 2021, as we exit this pandemic, theyre going to generate higher earnings on a lower level of sales and that means implied better pes. And thats why we get into july, stocks will start discounting that and were looking for new high hi highs. Youre looking for a vshape
Stitch fix is having its first trading day doing, well lets see, it started out higher it did dip below the 15 ipo price. Its just above that level right now. Does the Subscription Service have ha what it takes to take on amazon a you know there are 2,000 companies in the same business essentially. Im shocked that its that high, actually. Birch box does makeup, and my favorite is the one called bark box for your dog they send treats and other fun things each month. Sounds like its right up your alley i guess President Trump said that he was focused on fair and reciprocal trade in asia during his trip overseas. Larry kudlow is going to weigh in on what that could mean for wall street. And whether investors should be concerned. Larrys not real hes not exactly seeing eye to eye with the president on trade issues ri right now. Thats for sure. We begin today with media merger talks heating up, sources saying comcast and 21st century fox, some of foxs assets and the cable giant, comcast, may
Japans relations closer. What about closing the massive trade camp between two countries. Japan gets better end of this deal by how much . You might be stunned. They are headed aBoard Air Force one to joint base andrews to maralago. What can the u. S. Really get from japan if we buy more from them than they do from us . Former ambassador to japan john ruth what the art of this deal has to look like. Plus an anniversary in iran. Yet another reminder why President Trumps extreme vetting ideas may not be off base. Former Reagan Assistant secretary of defense larry korb on the day of rage has iranian citizens chanting, death to america. That is sure not scaring the bulls. Theyre trampling the bears with less than hand hour to the closing bell. The lets start the county down. Liz so that breaking news about ford. Ford is jumping 1 . Here is the news. Ford ininvesting one billion dollars in the next five years in artificial intelligence. It is buying a Company Called argo ai. They will combi