calling the platinum plan to encourage black economic empowerment. we will take you there as soon as it begins. it comes as the latest tiktok deadline has come and gone. we just have breaking news out of washington, d.c. the justice department has filed an opposition to a judge, district federal judge regarding a request from the parent company of the popular video app to delay its u.s. blacklist late sunday. 11:59 p.m. sunday night, this thing goes dark on app stores. charlie gasparino has late-breaking details. and there s a new riverboat gambler on the scene, looking to bring yet another online gambling app to you through a spac. the spac is really getting cleaned here. the brainchild behind kim kardashian s game is here. less than an hour to the closing bell, let s start the claman countdown. liz: breaking news. we will get you that news out of d.c. regarding tiktok but auto makers are hitting a red light right now after true car forecasts total new vehicle sales
there s your picture the dow is added up 127 points about one-half a percent nasdaq muted for the most part still in positive territory. apple leading the way again. it s been up by more than 1% josh brown, apple is now the single largest s&p 500 weight over the past 40 years at 6.5% that in and of itself tells the story of how well this stock has done yeah. i mean it s undeaniable. apple would be the company you would pick i don t think it would be difficult. you could throw a lot of other names in there this should be the largest wagts. it makes perfect since given the success of the fundamentals of the company itself why wouldn t it be the largest stock? however, this is as extended as i ve seen it since 2012. the stock is now 47% above its rising 200-day moving average. historically if you bought the stock at anything even above 25 or 30% above its 200 day moving average, that had typically been a period of consolidation to follow it may not be the best idea with fresh
yield moving up to .4 basis points the vix is below 22. joining me now is marc lasry. great to speak with you. let s begin with the markets. you said 2020 be a once-in-a-lifetime opportunity. where are we in that opportunity now? now that the first wave of buying is over, is there another way to come this year? marc: thank you for having me. there is this misconception that we have missed it. we have not missed it. is doing really well, and that is fabulous for equities. but you have a record number of companies that have already filed, and they are continuing to file. it is a world of haves and have-nots. us, we are finding quite a bit to do in the u.s. and around the world. we will get to everything that you are doing in a moment, but what do you do if you feel like buying but you know it is probably not the time yet. do you have a forecast on when we are likely to see more pain? marc: i think now is a great time to buy. you don t want to time this. in want to be able to in
you bought apple calls i like apple. i ve owned it for a long period of time. i continue to like it. obviously, we re seeing the analysts steadily raising the price targets on apple for a while now. as far a some of those price targets are about seeing the unusual options. there s a lot of the big names that are moving today. there s no doubt about it. it s nice to see this turn that we saw in financials as the markets were moving steadily to the down side and the financials started to make a nice power move to the up side. can they sustain it. that s the big question. financials have been getting pounded day after day, it seems like and not participating well in this rally. we ll be watching this closely with the stress test you mentioned the price target raise we know these pull backs of any magnitude in megacap tech have been swiftly bought. is that going to happen again? any pullback will be a buy it s been that way so far we have seen this rally power 36% up from t
challenges they re facing in q-2 from a production standpoint we think it might there may be a few things at work here. the pain from having production shutdown is clearly, you know, probably more than an annoyance. i think people signing up to the tesla dream longer term don t doubt tesla has the liquidity to ride it out and could access more without a problem but i think elon, part of his part of his style has been kind of let s play to win, a play to win strategy, a play to dominant with, how can i say it, wanton disregard for traditional business communication norms and while that will ruffle some feathers along the way, many investors absolutely adore that and see that as a strength so investors, in a way, the starting up earlier and mitigating the cash burn with the potential liability that all auto makers face by maybe starting too early and contributing to some person-to-person contagion so it sounds like i mean, absolutely i think everybody agrees with you th