Stay updated with breaking news from John horowitz. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Well explain. The nasdaq is closing in on all time high. The 33rd record high of the year. Its only may. Thats the most since 1999 for the index. Now the nasdaq is the most crowded trade, at least according to banc of america, a new survey of global fund manager. 26 of those surveyed are long the index. The tech giant continues to dominate, am son, netflix, google. Hedge funds are piling into the big names too in the first quarter. Even steve eisman said he is long facebook andmazon. Is the tech room more crowded or more room to run . I think theres more room to run. You look at the technology stocks, whether its the apple, microsoft, you go down the list. You start to look at these companies, some of them are a little higher. I think we have to reprice or how we look at these companies in terms of what the valuation really should be. Are they valued as this kind of a company or that kind of a company . As they move to cloud and other areas of growth, i think that changes up the dynami ....
Well take you through live for her comments. She will be asked about some of the biggest issues facing business and tech and i imagine some politics, too. You would imagine so, yes. This is the final hour of trading for the month of may, so your last chance to sell in may if you were so inclined. The nasdaq, of course, has been the big out performer. Discuss whether it is time to sell some of the high flying tech names. Well see where the market on close number is. As we head into a traditional i dont like to talk about the traditional. Hasnt work that great. Well talk more about them, dont worry. Begin with netflix ceo making headlines at the conference a few hours ago. Our Julia Boorstin is on the scene with more. Julia. Reporter hey, kelly. Thats right. Netflix ceo reed hatings tells me he is scared of amazon, really scared as amazon ramps up its investment in original content. But he says he is going to broaden the library and ....
Mcconnell wants the tax cut to be revenue neutral and dont add to the debt. That would surely slow down the effort. And now to the farce, the Clinton Campaign manager believes the election was rigged by russian meddling and wants to overturn the vote and undermine trumps presidency. Trump himself, well, three top jobs filled today and hes off on another leg of his thank you tour. Varney company is about to begin. Well, im going to call it the trump cando cabinet and its coming together. Rick perry will need the energy department. Rex tillersons the secretary of states job. The announcement with a typical tweets. Ive chosen one of the truly great Business Leaders of the world, Rex Tillerson, exxonmobil to be secretary of state. The president elect added his third Goldm ....
Meeting are waiting for Additional Information on the labor market and it says last meeting was a close call, got the november meeting in december meeting most analysts think december is the most likely time for the rate increase. Trish Ashley Webster joining us as well, we have Jonas Max Ferris joining us from the wall street journal, fox here, first to you, you heard what peter said, feels as though the fed wants to have it both ways, they are just waiting on more data. Talk about flipflopping around, you could make the argument about raising rates or further evidence, either way the market is moving up a little bit now, doesnt sound like they are committed to that rate hike. There is a 70 chance they will go ahead in december and raise it but you raise some points, stacking the labor market is one of those i ....