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Center stage and treasuries weaken with the curve flattening after last weeks definitive move higher. Joining us for the hour, dan nathan a real Holding Pattern here today. Are we waiting for news out of washington heres the good news, right we had this big rip up off of the lows last week on optimism that there would be some sort of grand deal as far as trade is concerned. The fact that it doesnt look like that were going to get that at the end of the day, the fact that were not down in a meaningful manner is fairly establish. Could things change pretty quickly if the fed decides top pull our negotiators away and we know were dead in the water for a couple of months no doubt about it. Its kind of interesting on a day like today, where we dont see staples and utilities. These are two of the bestperforming groups, deemed to be defensei you dont see them rallying and dont see the s p 500 down a lot either it seems like a lot of not ....
Both sides claiming progress joining us for the entire hour, Karen Finerman, ceo of metropolitan capital welcome. Thanks for having me. This looks like a strong way to end what has been a strong week for stocks. What stood out to you in the rally . To me its the volatility that stands out to me. Volatility both up and down. Im always long bias, no matter what, which is a blessing and a curse. To me this is a scary time i think im a little more in cash than i would be and desk y definitely more protected. I want to be more hedged. So youve been buying puts . Yes over the last week i think the volatility i think it doesnt fully reflect the volatility that is out there, the tweet that could come at any moment. Why do you say its a scary time to me trade is really the issue here, not the fed. I think what keeps cfos up at night is not are we going to get 25, are we going to get 50 its what does our supply chain need to look like, how ....
Same. Were pretty much at session highs. At the high today, the dow was up 90 points. So, again, we are at 85. Yesterday we saw some buy orders on the close, so well keep a close eye on it here, and on apple, tyler, in particular. Yeah, it could close at 100 or so for the First Time Since splitting 7 for 1, and that means apple would be back at 700 on a presplit basis. Say that five times fast. Well monitor how apple finishes during this final hour of trading. And could we see dow 18,000 this year . Professor Jeremy Siegel thinks so. Hes here exclusively, with no surprise, a pretty bullish market call for this year, and for perhaps beyond. Well get into the details with him and talk about valuation as well, coming up. And how about that new deal from sprint . Did you hear about it . 20 gigs a month of data for 100, but there is one catch, youve got to be a new customer. So, ....
When things seem so good. Weve been there before. Are will legitimate reasons to worry and find protection for your money . Well take a much closer look this hour, maria. Then the twiter sphere. Are they leaving money on the table or being realistic about its own financial expectations . Were debating twitter coming up. Obama care still sick. The current prognosis, the website will be fixed, they say, emp by the end of november. Really . How do they know it will be done by then . Im still having trouble, maria, signing up. More questions than answers but well try to get some of those answers this hour. Yes, we will. Lets check where we stand in the markets right now as we approach this final hour ahead of the weekend. Dow joendz industrial average has been steady for most of the afternoon, gain of 40 movements, fraction at move, 15,539. We had Economic Data out. Nasdaq looks like this, up 11 points, quarter of a percent, 3940 on th ....
To hit a new alltime high. Were very close to that, as a matter of fact. One question here at the schwab Impact Conferences, whether or not the individual investor is back. Theres a debate on that issue in certain circles. Probably nobody has better intelligence on that than the man who runs schwab, ceo walt b bett bettinger is with us. In fact, schwabs stock is at a multiyear high as a result. Here we go again, my coanchor, the budget battle could be hitting an impasse already. Taxing the socalled rich more is apparently back on the table for some top democrats. There is already concern this is a nonstarter for the gop. So, the question is, are we setting ourselves up again to go toward the brink, as we did a couple months ago . Well lay out whats being targeted and how much it might cost you if you are considered wealthy by washington, d. C. Deja vu all over again. For sure. Lets check the markets as we approach this final st ....