That michigan will go to biden that brings bidens electoral votes to 253 but there are still six uncalled races too close to call. Pennsylvania, georgia, North Carolina, arizona. Joe biden issued a speech. Diana . He issued a speech last night about being patient. But now he is on the offensive he said respect and he talked about achievements, talking about garnering more votes than any other president in history then he used his fighting people we the people will not be silenced we the people will not be bullied. We the people will not surrender. My friends, i am confident we will emerge victorious part of that was the launch of a new campaign that bide enl tweeted he was starting a fight fund because donald trump doesnt get to decide the outcome of the election, the American People do it made the point. And then he left presumably to start the fight. Thank you, diana. As the Trump Campaign launches a Legal Campaign they have indicated they will fight this let me run you through exact
Service surpassed 10 million sign ups in one day. That news adding more than 18 billion in market cap to the entertainment giant today alone. And get this since disney announced pricing for disney plus in april its gained 58 billion in value. Do the magical math, 58 billion in market cap. 10 million subscribers makes each disney plus user worth about 6,000 is the magic too good to be true . Guy, thats one way to do the math i think the market is saying is going to be its far more than 10 million at a point. I guess the moep is at some point i want 60 if you do the math thats the ultimate hope with that said here is the stock that traded about six times normal volume, made an alltime high, up 50 ish since announcing legalized me andreaering to me that was the first life lines in the sec can you wrap your head around the valuation . Karen and i spoke about it last night. Spending money to make money i get it how long does it take and moug are you willing to wait . And how long should you
Week, it is like inversion wednesday is here. Are things different this time around, pete, because this time stocks barely reacted. Granted, it was fleeting but we are ever so close to the inversion. Thats true but the reaction i think does speak something about whats going on in the market right now, and i would also add volume yesterday, volume today, at least in the derivatives world, has been absolutely depressed. Steve can talk about the nyc, but we are seeing volumes that were unbelievable. We are talking about 7 million per day over average is what weve been seeing over the last eight or ten days. So it is amazing how much volume we are seeing. With that volume it gets interesting, but the last two days, the light volume is concerning it is almost as if everybody said, you know what . Maybe well take the last week of august off. We will pull back a little bit, off of all of this maybe the inversions are not as dramatic. I would have thought that the inversions, the reaction to t
Move higher, stocks surging with the dow gaining more than 250 points energy, consumer discretionary, industrials all leading the way, this as the yield on the 30year bond hit an alltime low so do you trust todays market rally . Guy adami . Hi, mel no, i definitely dont trust it but i will say this. As we get into the later part of this week, into a holiday weekend, theres an old saying steve knows this on the floor never short a dull market you could see the market flowing through over the next couple of days into early next week. I will say it again. I think it will culminate on the down side when the vix trades up to 30. With that said, there are Trading Opportunities here i will do a power pitch in back end of the show. I thought you were going to do it right now. That is going to speak to exactly that. Yes grasso theres another saying too, dont fight the fed. Never short a dull market, dont fight the fed. You have both coming up right now. Do they cancel each other out . No they m
Is bracing for two days of testimony from fed chair Jerome Powell on capitol hill along with the fed minutes, which will be released tomorrow it is all going down as the market hovers at record highs. So can powell deliver and is the fed about to spark another record rally guy . Yes. Why why eye of the tiger . Why survivor that song is brutal. It is not brutal. You chose that, right it is who survivor. Oh, yeah. I allow 10 seconds of needless chitchat. Because we have to. We usually do 59 minutes guy, can you please. I thought the market is going to roll over for quite sometime. The question is can the fed say what the market needs to hear in order to have the rally continue the s p 500 at alltime high, the vix has a 1500 and everyone feels confident that the rally will continue. I cant imagine what he could possibly say that would be any more dovish than theyve been. It will be interesting he has to answer questions tomorrow, is that right . He does. The question is if im a senator or