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we re declining again today. more on the catalyst markets moving lower guys, what do you think is causing all this, and, joy, what are you doing today? first of all, i don t think this is over in the short term if you want to be in the markets, this is clearly more of an active trader s market. apple, when you run the quantitative model, you can take apple, we all know the fundamentals are fantastic that s what i ve done. yeah. but you ve seen the range expansion and the volume increase again, that s for a trade. the larger narrative is about what s going on in the marketplace right now. it s elevated volatility why is the volatility elevated i think a large component of that is the breakout window we re in for corporations where they cannot do the buybacks, so that period is going to end in a couple of weeks. i don t think it s over, but if you have a longer time frame, this is what everybody is talking about. everyone wanted a market decline. well, okay here it is ....
stand. everybody is against hate. that is not a hard thing to say. the question is, how you operate this big company at the same time, so that all our team its our teammates can be who they are when they come through the door. i have seen examples of how transformative technologies like machine learning in artificial intelligence can be applied in retail banking. the about this business, wholesale business? how you manage the transition from people to machines on the trading floor. those trading things is tuned to that traitor, and that person. it is a huge impact, the information coming into their systems, it has changed dramatically. if you think about more broadly, all of industry, all of businesses follows society that is affected by major trends. artificialnition, intelligence, the ability to thenters tribute data ability to store and distribute data. more more electronic vacation will continue more and more ication will continue. xyz that means is investment ....
check out what is happening to european london european stocks. stocks arising for the second day for the biggest weekly increase in two months it sterling low against the dollar down by .2%. june 24 last year, biggest week s biggest weekly gain last year. sterling rallying 3% against the dollar as the boe turns hawkish. up fiveyear yield is basis points, higher since august 22 after rising 15 basis points last week. you know the fmo s fomc meets this week. dropped theounts most since january after a .ecord expansion let s get the bloomberg first word news. sebastian: a peaceful resolution with north korea but rex tillerson has warned his two parents use military force if necessary. those comments came as trump prepares to ask allies to confront the regime s threat. in a tweet, trump mocked kim jong un as a rocket man. maria s wins have picked up eight to five miles per hour. warnings are being issued to several islands. the u.s. is bring for rain, and beach erosi ....
a number of hedge fund titans betting on it. should you? power lunch starts right now. welcome to power lunch. stocks are holding steady. the nasdaq and s&p 500 setting new record highs. the dow swinging between gains and losses right now but in the green at this moment. tech and consumer staples holding up. check out some of the movers now. we have chinese telco actually it s sina, a web company, trading at levels not seen in more than five years. staples and dick s sporting goods down big after their results. home depot a real bright spot in retail on the back of better than expected earnings. twitter spiking higher on news out just minutes ago that co-founder biz stone is returning to the company in an unspecified role. brian? mel, thank you very much. we begin all of this at the white house. president trump and turkish president erdogan about to deliver a joint statement. eamon javers is there as well. eamon? reporter: yeah, brian, there s a lot to watch ....
welcome to the halftime report. i m melissa lee in today for scott wapner top trade this hour, nike just did it the world s largest footwear company posting strong earnings. the street buying the stock hand over phys today. with us for the hour, josh brown, jim leventhal, jon najari najarian, head of global investments at ubs shares of nike are rallying. jim, you own it. are you buying more? i bought a little bit more. i was hoping to load up the boat today, but i just can t, for two reasons. and i would love to get jay s opinion on this, but it s up 9% today. i m not going to go chasing it i think it will go higher from here, but the question is, i thought the earnings quality was really kind of low you had gross margins that went do down you had revenues that were okay, but a tax rate beat. so why d you buy a little when the stock was up so much when you re throwing shade on the quality of earnings? i ve got a lot of dry powder left to go in this name. i m not ....