I turn to you first, laura set the scene first. How does the market look to you . What are you focusing on its really, really an interesting time in the markets right now. You have this dichotomy where were seeing some strength in the markets. I think were a little off today but youre seeing some read through or look through in the market to say, hey, were going to see optimism on the other side however the economy hasnt quite caught up yet to the markets i think we are going to need and we need to focus on making sure that the legislature realized we still need stimulus, we need the consumer thats twothirds of this economy back in full swing. Not getting it. Not right now what does that mean if i tell you were not getting it, were not getting it any time soon. Soon is relative as well, right . Theres a lot of levers that can be pulled here i think that were getting things together and, you know, i wish we could get it during december at some point youre right, it does not look like it
Still needs 17 Electoral College votes but were getting new information. Whats changed from yesterday the president is behind in pennsylvania there you see joe biden with an 8,000 plus vote lead in pennsylvania the president behind in the state of georgia, 1584 vote margin thats a really squeaker in state of georgia the president needs both of those to advance here. Pennsylvania is the big kahuna joe biden gets that this race is over take a look. The state of arizona where in last hour we got a new wave of vote from Maricopa County. Thats in arizona near phoenix that pushed bidens lead down. It was just under 44,000 or right around 44,000. Joe biden at 50 even donald trump 48. 6. The difference 4377. 9. So the biden lead holding in arizona. Nevada similarly, weve been getting new vote throughout the day. Yesterday and through to today there you see joe biden ahead 49. 8, donald trump 48. 1. The difference there just over 20,000 votes, guys so a very close race all of this is being watc
I want to be careful to say that if im confirmed you would not be getting justice scalia, you would be getting justice barrett. Charles well have reaction from the white house on that and more. All of it coming up on making money. Charles a day after a monster session own the market today feels like the dreary weather in new york. I think the technical term for it is blah. Strange anticipation. You have two major events that could provide catalysts not only for the companies themselves but for the broder market. Amazon beginning the twoday prime day. Apple unveiling highly anticipated iphones and some other products. Speaking of which technology is sizzling still after a pause, part of the reason i think goes beyond the hot products and services. What happened to all of the breakup risk . You remember that last week . Congress released a 451page report. Democrats leaning heavily towards breaking up the gatekeepers of the digital economy. According to a report from mit congress flopped
To tony zhang has the one name you could play to cash in. Plus, mike khouw has a way to take some protection on the cheap. And do the dog days of summer have your feeling tired, rundown and listless youre not alone the chartmaster is drilling down on the one sector running low on energy how you can play it for a jolt its time to risk less and make more options action starts right now. It is friday. 2 30 out on the west coast lets get to it. It was a record week on wall street and a remarkable week for the Federal Reserve as well. The nasdaq and the s p hitting fresh alltime highs with the dow turning positive for the year all this after the fed made a major policy shift essentially saying theyre going to allow inflation to kind offe run hotte than normal to help the market tony zhang says theres only one stock that could be a big winner from this. Who is it . I want to take a look at Morgan Stanley because of this tick pickup in rates on the long end of the curve its one of the stronge
Flying tech name your Investment Committee is stephanie link, josh brown and michael farr great group. New highs earlier on the s p 500. Markets have cooled off a bit. You have the dow down 182. Apple is one of the stocks ma weighing on the dow. You sold 20 of your positions in apple and nvidia. Are you sure it was hard to find a buyer . Love you, sully i dont know why were saying this is a big move or bold move. They hear the part they like its the opposite of a bold move im playing chicken. Im saying nvidia and apple have become too big a part of my portfolio. I have tons of apple exposure elsewhere. I own the kwqs everybody owns apple my lifetime exposure to apple is high all im doing is keeping 80 of my position inted of 100 . Its not that bold im doing the same with nvidia these stocks have plooned. Its like risk management. I dont want to be out of these stocks i just dont want to live my entire life based on how they do each day this is what all prunts investors do its what im d