Alphabet apple price target up to 300 couple upgrades at nike, goldman. A lot of research to the up side. Facebook and google in particular have been in the penalty box over regulation concern, trying people in front of congress, having to answer questions. As that was going on, we saw earnings hold up i had the question how long before the numbers outweighed some sentiment while the upgrade seems to be happening. Speaking with all of the market strategists dayin and dayout, they talk about the new trend of cyclical growth, not new per se, but some of the themes theyre focused on while these companies play into that theme. Interesting timing with the upgrade. Seems like theyve seen Sundar Pichai assuming the role as one that would lead to Brighter Future for the company you know, also in terms of valuation, seems like thats another thing that they look at as being a net positive. The other element, facebook in check by the hsbc call that says 40 of market cap could be at risk. Definite
And take a look at where we stand in the markets now we are at session highs. Dow and s p, nasdaq, all rallying the dow is up by 1. 4 . So is the s p 500 and nasdaq is up by 1. 7 major averages are on track for their best week since the beginning of june. Check out some retail that i means hitting record highs home depot and target lets get to bob pisani for more on whats driving stocks higher look whats going on here this week, the sectors most beaten up in august, theyve all rallied. Cyclical semiconductor, retail, industrial theyve all rally ied this week. The more defensive groups, the ones that have been stronger all throughout the month of august, the Consumer Staples and the ewe tillties and gold stock ises, theyre all underperform iing ts week so what is this were seeing here is this an oversold rally in these sicyclicals . Month end rebalancing . More optimism on trade talks maybe all of them. The problem is theres not a lot of confidence in the rally because of the uncertaint
Today the president gave his opinion. There is a great appetite, a very strong appetite, for background checks. I think we can bring up background checks like weve never had before. I think that both republican and democrat are getting close to a bill to doing something with background checks. Kennedy g. O. P. Not in lockstep on the issue, today on daily briefing, Illinois Republican congressman said his party has to compromise on some form of go up control, or there will be a quote Serious Movement to overturn the Second Amendment. As a Second Amendment guy, we have to be willing to say, what can we do to help alleviate some of the issues to preserve our rights. This next generation, people think they will be conservative when they are older, they are very decided on this issue, when they take power, take a seat from me or Something Like that it will be a different outcome. Kennedy is issue of regulating firearms really the center or it is controlling people. Our panel today. Welcome
Today the president gave his opinion. There is a great appetite, a very strong appetite, for background checks. I think we can bring up background checks like weve never had before. I think that both republican and democrat are getting close to a bill to doing something with background checks. Kennedy g. O. P. Not in lockstep on the issue, today on daily briefing, Illinois Republican congressman said his party has to compromise on some form of go up control, or there will be a quote Serious Movement to overturn the Second Amendment. As a Second Amendment guy, we have to be willing to say, what can we do to help alleviate some of the issues to preserve our rights. This next generation, people think they will be conservative when they are older, they are very decided on this issue, when they take power, take a seat from me or Something Like that it will be a different outcome. Kennedy is issue of regulating firearms really the center or it is controlling people. Our panel today. Welcome
Impact the broader crypto market. From trump, to owe walmart, to zuckerberg. No one is safe from doctored videos that are so good that you cant tell they are fake. One company says it can. First to our stop story. Big Tech Companies were back in washington monday, but not to discuss crypto currency or antitrust, trumps top advisor and treasury secretary called a meeting to talk about the impact of the trade war with china. One stood out. The administrations fight against that and whether the ban should stan. Representatives from microsoft, intel, qualcomm and more. To discuss in d. C. , we have jenny. What is the latest we know about this meeting . Who was there and what was discussed . What we know is that the meeting was called basically to hear a view from the business perspective of this whole debate. Do hear a lot about the fight from the hawks in the administration and on the hill who are in favor of a total decoupling of supply chains. This is the companies opportunity to make t