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Fears. And companies from roku to Western Digital have been tempering expectations thats hurt sentiment a bit. Gold is at a record high nasdaq set for another record close, comfortably now up a full 1 . Continuing that breathtaking rally, coming up on todays show, the bet on pets. The ceo of the company that makes medicine for pets and l e livestock. And more earnings rolling in today after the bell, including uber, dropbox and t mobile also a first on cnbc interview with mike seifeieve seavert eamon javers has the latest on the stimulus stand offin washington, and phil lebeau is watching the airlines. Start us off with the broader market, mike. Today is a good example of how we are now in a market moment where the threshold for rallies on news is much lower than the threshold for a sell out. Nertsd, the market takes most good news and kind of shrugs off the less good news we got the better than expected but still kind of ugly jo ....
The best week since 2006 is apple now the king of the market brian kelly, youre worried today about opening at the highs. Here we have great price action. What do you say . Yeah. So last night and then even this morning i was very concerned that we had these blockbuster earnings from big tech and the market not responding. The standout was apple all day long and so that gave me a little bit of confidence and then you saw just continue to be strong the whole time so lets look at apple. What happened . They had tremendous earnings they have multiple cat lisalystd the services of a bigger part of the earnings is starting to take hold and argue and of course you can argue that it would deserve a higher pe ratios i find thats absurd and here we are what did you make of the action . Listen. Bk or beakers knocked it out of the park just like apple did macs are up in terms of sales and wearables. The Service Business although i think th ....
This is. Semisurge, theyre leading us to new highs. Yeah, and its been pretty interesting, scott, because this has been a much broader rally than i think a lot of the folks have talked about over the last couple of weeks, and part of it is its the semiconductors, thats one of the areas everybody looks at the big 5 theyre not looking at some of these other names. When you look at the smh, and you see where its trading now and near all time highs, it gives you a little bit of a sense of how much activity there is there, and continues to be there. We have seen so much in the unusual options side of things its been incredible across just about every name that you can imagine. So it certainly does stand out to me that thats been performing, along with biotech to the upside, and both of those, oftentimes youre going to see most of those names in the nasdaq, and thats part of the reason youre seeing some of this outperformance from the nasdaq is this the week that growth took the market back, ....
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Since 97. The apple surge on track for what will be the best yearly stock rally in a decade. The company is in talks to buy japans displays primary smartphone screen factory. And tesla on a tear shares climb to above 430. The automaker expecting a rollout the first china made model 3s on monday there seems to be no stopping the year end rally stocks are on track to hit new record highs nasdaq as we said in the midst of the longest daily win streak since 09 after closing above 9,000 for First Time Ever. Watching 3249 as we said but 3259 would give you 30 for the year we only had two years in the past three decades with a 30 gain. Yeah, i mean the pace in the last i would say past couple of weeks has been relentless, sellers staying out of the way that has created this incremental move day by day. I do think we have this unusual situation where the year to date numbers are i dont want to say skewed, they are what they are, but it g ....