Halftime Investment Committee is lining up with their buy list. And Richard Fisher, and Blackrocks Rick Rieder are with us live. Halftime report with scott wapner starts right now. Welcome good to have you with us our Investment Committee is at the table today. Lets begin with that new milestone for your money, stocks surging to a new record high june now the best month in almost four years. Joe, theres a lot in the market now. Considering 100 prediction for the fed in july. How high can stocks go stocks can continue to go higher and they continue to go higher because west diversification story. We dont have the overattraction to the momentum equity oriented type names youre looking at apple and amazon and netflix that are still below their highs from last september, so last time that we visited these levels, okay, what we experienced was that momentum is where everyone was and it was crowded i think whats you anything and the reason we can propel high they are time the market is focus
Donald trump speaking a short time ago at the white house lets listen. Its a friend of my weve worked hard together we work in particular in the u. S. And ca and we hope to have by partisan support i think just to you to be making the rounds of Congress Later if you think its a terrific thing but its great to have you so were going to be talking about that and generally well be talking trade and other things and were then going to have lunch and some meetings and its an interesting day but itll be like camp positive day i think like usual so we want to have it we want to have very positive days we only have positive days so i want to thank you very much from there for me to do what the q. Thank you donald for for this meeting its an opportunity for us as you say to keep talking about how weve worked hard to great to build a great trade deal thats good for Canadian Workers good for American Workers good for mexican workers as well were moving forward on the ratification process aligned
The industry, could it mean less traffic for the malls and Shopping Centers where the theaters are located theres already signs of weakness with one of the largest facing a cash crunch more ahead. Move, movers and gainers in the retail space with deckers, the maker of ugg, up 13 right now. Ross stores up 9 , surging after results. More names next week, including costco, best buy, and gap. Two big moves in the pharma space. Merus soaring 30 on promising results for the melanoma drug. Immunocore dropping despite its own melanoma medication. Burger king, owned by restaurant brands, is offering its own 5 value offerings to contend with mcdonalds recent rollout. Could this be a pricing war . Well have more later. Lets begin with the markets, overall higher today after yesterdays divergence left investors a little puzzles. The dow recorded its worst session since march. Nvidia gained 9 , not to mention nvidia, alphabet, microsoft, they were responsible for nearly all the s p 500s growth this