Good morning, everyone. Im scott mcgrew. When someone comes up with a new idea, a new invention, a new way of looking at thicks the classic reaction is, its been tried before or itll never work or nobody wants it. And in nearly every case the critics are wrong. Take the automobile, for instance, henry ford reportedly said if i had asked people what they wanted they would have said a faster horse. I know not to react that way when i hear a new idea. Dont say its been tried before or itll never work. It is awfully tempting in the case of boone technology, a young group of entrepreneur who is want to build a supersonic airplane to take travelers from new york to london in a little less than four hours at twice the speed of sound to be a bit doubtful. Bret shoal is the founder of boom technologies. Some drop out of college to start their first company. He dropped out of high school to start his, then went back to cloj. Joined by narc new and aaron levy. Im going to apologize, and i think y
Highest level since december but with the fed meeting in the days ahead can stocks continue to win . That debate begins now. Josh what happened between yesterday and today . Today the s p at the highest closing level of the year. What happened is nothing happened. In the absence of a calamity people come back to stocks and what theyre coming back to scott makes this bounce back the most interesting. Its the polar opposite of 2015. The most heavily shorted stocks and the stocks to decline by the most or underperformed by the most last year and the sectors that are negative year to date. Health care, technology, consumer discretionary. People say its a dash for trash. Is it more believable today given the last 24 hours. How do you assess where we are . It always takes a couple of days to assess what they do. What they did was a little bit better and more than what most people expected. Commentary confused some people but more importantly oil has stabilize. Interest rates have stabilize.
Bill, youre back. Of course. Weve just started without you here, mandy. Im bill griffeth. Lets find out who made money on wall street. Im still getting dressed here. Ralph is our mentor here. And theres our own rick santelli. So we just got started here. What do you think of this market . Im ecstatic. Youre ecstatic . Yes. Is that beyond bullish . Yonbeyond bullish. If bad news cant take you down, thats good news. For the past couple weeks, thats all weve been getting. And the market is working its way higher. Its not only in the states. Its around the world whether it be hong kong, the dax or the cac. Everybody is saying theyll compromise. One way or another, washington will compromise. You talking fundamentals here. We have to find out what the reason is its going up. It has to be that. Dan, are you ecstatic or more sober on whats happening . Im a little more cautious. I totally agree with ralph that the Market Action today is terrific this year on bad news. I think the next six mont
Buy. Very good. Thank you both. Have a lovely long weekend. Yes, the markets are closed on monday. Well see you again on tuesday. Stay tuned now for the second hour of the closing bell with maria bartiromo. Have a good weekend. And it is 4 00 p. M. On wall street. Do you know where your money is . Hi, everybody, welcome back to the closing bell. Im maria bartiromo. The dow and s p 500 closing at yet another fiveyear high today. Take a look at how were settling on the street. Money coming into this market pushing the industrial average up about 48 points, onethird of 1 at 13,645. Blue chip average, volume picked up as well as you can see there. Nasdaq, close but no cigar. In the red, down a point and a third and the s p 500 picking up about five points. The dow, the best performer of the week, no doubt about it. Blue chips up better than 1 and the s p 500 up 1 on the big. Nasdaq the big laggard mostly due to apple. The stock had a bad week, barely positive since monday on the nasdaq. Wh
Elton john. If the United States has to defend itself or defend its allies in any way, north korea will be destroyed. And we all know that. None of us want that. None of us want war. And cheap shot. As President Trump tries to play diplomat, he tees up an old political controversy. Retweeting a fake video showing him hitting Hillary Clinton with golf ball. And good day. Im Andrea Mitchell in new york. Covering another big first for President Trump. The world has gathered as he is taking center stage at the United Nations hosting World Leaders facing major conflicts from north korea to the Iran Nuclear Deal and, of course, mr. Trumps controversial withdrawal from that land narc Climate Change treaty. Kristen welker is outside trump tower. Welcome to busy new york, traffic is a mess. The weather will not be good. And there you are outside of trump tower where everyone is braced for what is going to happen at the United Nations. Reporter andrea, im having a little bit of trouble hearing y