tiktok. thatow we are hearing thiller. and of 49 fortnite, apple says it is terminated ebix developer account. developer account. a lot going on. the fed, the prime and a strut japan stepping down. earnings. the ending of the republican national convention. walk us through what has impacted the day. so much and all of it ended in record high for the nasdaq and s&p 500, investors encouraged by the fed latest policy shift, the idea that perhaps it is re-inflationary in nature, stocks respond in kind. apple, this is interesting, over the last two days apple is underperforming, down the last two days 1%, closing a little as were mentioning now, terminating the epic caliber account in the midst of the developer account went epic refuses to pay the 30% fee. that apple is standing up for that along with alphabet shows they are forcing developers to comply with roles. it will be interest rules. i m not sure how this would impact the bottom line for apple but it must not be al
romaine: we tuck about the nasdaq being at that record high. 7%, 8% is still about below its previous high that it hit before the drawdown in february. likell 2000 down something 14%. when you start to sort of look at how this rally has been distributed, there are certainly a lot of areas that can play catch up. we have seen that kind of bottom feeding. somel traders picked up on of these stocks that they felt were little bit too beaten-down. looking for a bit of a rebound there as well. still with us, sarah malik. i just want to talk about the support that this market has had from the federal reserve. policy,banks, monetary both what has been implemented and what has been promised. goinge point, the fed is to have to reckon with this, whether they should pull this back. do you anticipate that there would be a negative reaction of any significance in the equity markets to the fed starting to unravel? i think they have been pretty clear in the fact that they are going to pro
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