housing starts surge 2ging 22% n july countdown to a record. we are above it right now. but as we have said, we have been there before. 59 minutes until it s official will today be the day? i don t know, mike san toll ji not here. if you missed out on the market s stunning rally, is it too late to jump in now? we ll ask founder mike novogratz for his take and a world of difference. how much the global economy has been altered and the challenge that s remain with david melpass. let s get to the stories we re watching bob pisani is marking the action sara has new details on one of the biggest earnings and bob, let s start off with you. it s technology. there is the tech on the upside. a little consumer discretionary. that is amazon and advance auto parts. this the he do very good retailers lagging behind here. that s how important they are. those are not typos. apple, 42% the stocks all major reasons why we re at new highs today as for the retailers, yeah, we are at new highs a
facebook, netflix all turning positive we are up 3/4% sorry, 2/3% on s&p. another higher day, certainly off session highs. coming up on today s show. great lineup uper facing fresh lawsuit from massachusetts over how it which was its drivers. early investor bradley tusk has an idea that can help them avoid headaches and take on rival lyft he s going to join us to explain. speaking of the pandemic, new jersey governor phil murphy will join us to discuss his states path forward, whether he s prepared for what the fall will bring in the northeast. let s focus on two key stories meg tirrell with moderna s vaccine news and big bank earnings certainly better with goldman sachs. meg, start us off with moderna. hey, sara the full phase one trial results from the covid vaccine published last night in the new england journal of medicine. this was 45 in the trial we got a glimpse of 8 out of 45 on important key data. these were healthy adults who received two vaccines a month ap
drop coming up on today s show, we re taking a look at how a number of different industries are getting back to work in america. we ll talk hotels and travel with the ceo of best western plus, walter rob, the former co-ceo of whole foods will weigh in on grocery trends and we ll talk about the state of the consumer let s kick things off with a broader market a choppy day to kick off the trading week pretty positive. right near the session highs as we stand on track for a record close for the nasdaq composite actually kind of a quiet levitation out there the average stock not doing much of anything. volumes are low. but v but the growth stocks are powering higher. you see a one year of the s&p 500. it s about a couple weeks ago that the enthusiasm for that reopening really seemed to crest for a little while since then, the old growth stocks, if you look at the top of the dow right now, it s nike, apple, walmart, visa, microsoft. these are the days when the observation that
protests and the fallout from joer george floi, but the market and stocks are focused on economic activity, period we just keep getting good news it s good news off very lowered expectations whether it be cheesecake getting a lot more people than they thought or the airlines this morning. american saying good things. whether it be ebay pronouncing right now things are better than expected whether you talk a look at a lot of the companies that, you know, morgan stanley, gm, of course this quarter was the weakest, but maybe next quarter will be the strongest. we have a number of oil recommendations saying they have come all the way back. so the street is really bullish. after being very bearish you see a lot of price targets that were cut severely are now going back up. it s a kind of don t fight the trend where the most overbought we have been since 2009, but if you go back to 2009, we were up 11 on the s&p. we had great period after. people are fighting the tape if they re
moment and the nasdaq is up another 76 our road map this morning starts with the stocks surge all time highs. it is longest winning streak big techs, big problem why the new head of instagram think breaking up facebook would make it a less safe space. share of beyond meat taking a dive after a downgrade the top is in only after 600% rally. someone else i know has been talking a lot about beyond meat which we ll get to a minute. this is a beyond incredible rally. the dow is up 1300 points in like six days. scott, great to see you first of all people came in your show describes it all the time. people came in short this month. why? because may is so bad. why would they? the president goes off the real with mexican tariffs. things are just too out of control. they just have this whole washington, it is just nasty today how does things reverse itself the risks are in we get a piece out i don t know if you saw a 50% increase break up google. 50% increase if it breaks up what