shares of apple opened at a new all time high. 104.15. up about 30% this year. and on the flipside shares of yelp getting slammed. the worst day ever for that name in fact. even though revenue guidance up 50 percent year on year not exactly what analysts have looked for. whether a weird bifurcation to responses to some various names. >> in the case of yelp it's interesting given the trouble that angie's list is going through also. the local market. john steinberg who we have here often is talking about how hard that is to crack. then on apple in my first full day of messing around with the ipad air 2 challenge. and the i must say the addition of the touch id and the functionality, namely apple pay

through this, it could be a really compelling upgrade. so there is reason for investors to at least be hopeful. >> could be really? you're going to shell out for a new ipad because of that? >> yeah. you are going to upgrade to something. if you have an ipad already you are either going back to pc or get another tablet. and the numbers tend to be loyal. so do they wait in the year or does this prompt them to upgrade. for me this is the most compelling ive seen in a while because it is a leap forward but because it's the extra business. >> the original ipad is still great at web surfing, movie, so forth. so that reason hasn't been there. which is one of the problems with the market. >> let's talk about the market. where do you make of where we are today versus where we were last wednesday. >> i'm so psyched and i feel so

much better. for a week it looked like my concerns were starting to come to fruition and everything started to crumble. and mr. bullard comes out and say don't worry what happens the fed, we will fix this. >> so you think this is all job owning from the fed frameworks the ecb. >> the market turned that minute. and here we are on rocket ride. optimism again. i hate to say it, my concerns are still there. volatility coming back things can change fast. >> sarcastic. >> no it ice amazing how much better you feel. it is scary. >> but it's easy to feel better when the earnings come out as strong as we've seen. especially from the old line industrials. e we got into a rut of saying well yes all these companies beat examinations expectations are low and now companies giving

investors credit -- there is follow on there in apple too. people i'm talking to are just realizing hey didn't tim cook say apple's revenue for what is its fiscal first quarter but the holiday quarter is going to be on the high end of expectations. that is great. caterpillar upping its forecast. you are getting credit here on the big moves for forecasts going forward and some of those increases even though we have been seeing relative good earnings across the board. >> and a bifurcation. one thing remarkable is you saw coke blow it. ibm tanked and here the market just charges past that. these are the original blue chips and everyone is overlooking that. apple this is going to be a spectacular quarter for them. everybody is focused on that. they basically secretly increased prices by a hundred or two hundred dollars on the iphone. and suddenly all of that is on the bottom line.

so already you can feel the speculation and now the only question with apple is is it just a one or two quarter cycle story? >> on the broader market are you going to now shelf your call for serious pain? >> no. still the analysis holds which i don't think it is different this time. i think the century long data of valuations, looking at another cyclically adjusted basis suggests that returns are going to be lousy for the next ten years. as i've always said, unfortunately it doesn't help with timing but the market for to suddenly drop 30 percent over a year or two or maybe quicker nobody should be surprised. >> shipping is about to get more expensive. here's court any. >> amazon prime's membership which includes free two day shipping is now going to cost $99.

pushing customers to pick up in store. gap also at $50. best buy raised free shipping minimum to $35. and some customers will buy more to meet that minimum. retailers struggle with the free shipping conundrum. nothing is really free. and they have been hesitant to pass those costs on to us as consumers until now. anywhere from 50 to 60% of people abandon online shopping carts due to unexpected charges. so retailers face to choose between evils. eat the cost to keep the sail and hope for roi from the customer or risk losing the sale altogether. free shipping is a necessary evil for retailers and in the case of target which just announced free shipping with no minimum purchase through the holidays. the lower the ticket clearly the less profitable it will be.

but trafficking and consumer mind share is sprornt right now. one analyst says target could take a hit from 25 million to 55 million if the promotion is successful but expecting they can easily absorb that targets. which leaves a select few hold outs with no minimum for free shipping and seemingly winning the war for now. >> big story court. thank you courtney reagan. do they want do this ahead of holiday season? >> here is why it's dangerous. because amazon has broadened the game. not only raised the price on prime but now factoring in media and spending money on acquiring content. that is what's really keeping profits down. some of the other retailers don't have that extra value to provide to consumers in the same way amazon does. so amazon can still put pressure with shipping, with prime with the services it offers and appear to be a bargain versus a lot of those competitors. >> the fact that target,

nordstrom, ll bean are willing to say look, no minimum. we'll do this for free. they are obviously going to lose on margin, which is something amazon hasn't historically really cared about. >> no profit to lose in the case of amazon. to me another illustration. e-commerce is fundamentally different. and amazon and other players have a scale advantage, even over walmart and target. which do huge volumes. the entire fulfillment certainty is constructed differently. leveraged over a wider base. as time goes on and they continue to grow this advantage is only going to increase. so this is a desperation move for target and walmart. they have to do it but they are not setting themselves up for success in the way amazon is. >> nuance here. amazon does care about margin. but only by segment so they can afford to take the profit and invest it in punishing new competito competitors. >> by the way.

two things, the report tonight and we're going to get whatever metrics they are going to give under the circumstances and investor business [inaudible] >> ienl ada i'm an amazon shareholder. and the reason they have been successful over 20 years now is because they are willing to take five to seven year bets and absorb the pain and ignore the reaction from wall street. and that is a good thing. provided ultimately some of the bets work, which they have in the past. >> yes. finally for the first in two years a decline in confidence of the venture capital. vcs are concerned over talk of a tech bubble and high valuations and cash burn rates. and risk and evaluations yesterday we talked yesterday with bill gurley. here is what he said. >> i don't see radically insane valuations. what i see out here is abundance of capital which is really a kind of four-year trend. and as you cram almost

unnecessary levels of capital into these private companies it creates kind of perverse behavior. >> not the first time we've heard this but gurley set a table on this conversation. >> venture capital always cyclical. in the valley we're cyclicel and in the top just a huge boom in investing. gurley is brilliant. he was quick to sound the alarm. and what was amalzing is how quick others came out and said yes, it's terrible. and not surprising that the confidence has eased in the face of that. >> and yet confidence easing on the back of the venture capitalists but a story in the journal talking about how more and more hedge funds want to get into vc with maverick raising funds to get into the space. so that is why they want to do it. but i talked to one investor this morning whose involved with another $10 billion plus hedge fund considering a move into venture capital and they said

look, we can't ig forthe returns. but at the same time the fact that people like us are getting into this does make you feel like this is the top. >> it is a late cycle trend. there is no question. >> always a bad side for the vc industry when lots of people feel like oh we can do this too. because they are chasing yesterday's returns, not necessarily tomorrows. sfwlu. >> but one thing if we see the broader market go up, the venture capitalists love to say different class. totally uncorrelated what. a bunch of crap. and -- >> how much venture capitalists are now blaming quantitative easing for the new money. you can't get returns elsewhere so now they are blaming the fed for this unnecessary capital in the system. >> we want to get back to the markets. still in strong rally mode. the dow up 259 largely on the back of caterpillar. the nasdaq doing the best on a

percentage basis up just shy of 2%. bob pisani is on the floor to tell us what's moving. >> good morning. slow melt up. and this happened the other day. and the big question you should be asking is why the slow melt up? not a lot of macro events moving it but earnings strong across the board. one of the big days for the quarter and i think earnings are the primary reason. let's look. both industry company, you know how i love them. all the stuff behind the walls. automotive. 3m has great numbers. ingersoll rand respectable numbers. 3m essentially near historic highs. automotive retail, different area. but great numbers. dana great numbers. o'reilly as well well. there is a lot of concern on oil

prices but diamond off shore has terrific numbers today. very big deep waters in latin america and they didn't have concerns about the lower prices, at least not now. i think under the surface it's there. lower oil prices what it's done to airlines? united continental, profits up 82% compared to a year ago. american airlines, up 60%. jet blue up fractionally. finally the strong beat for caterpillar mostly because energy was strong. enormous. that is all the energy group. that's 25 cents of that 36 cent beat. amazing move up for caterpillar. >> when we come back all over the markets can stocks again in rally mode this morning. art cashin will break down the action and the european close which has been a major inflection point as of late. dow up 267, s&p 1956.

back in a minute

welcome back to "squawk alley." a lot of green on the screens behind me. and one of those is nokia moving higher. the company posted better than expected third quarter earnings. and also raised capital spending by 25 percent as a result. you can see the shares up nearly 7% and the stock up about 6% for

the year carl. back to you. >> thanks dom. what a day for the markets with the dow up 272, one percent most of the morning. art cashin is here. he joins us at post nine. art, good morning. >> good morning. >> not easy to move 3m six or seven percent in one day. hasn't happened in a few years. >> scotch tape usually stick where is you it put it. there is a spate of short covering and i think some of these hedge funds who were out trying to play the volatility we saw last yeek and now that's gone. the year coming to an end. the bears have a short runway, the week after option expiration in october usually is strong and then the months in november and december have a history of being strong. so even the die hards who went the sell in may and go away,

that's coming p up too. i think some of the hedge funds are playing that game. >> are we still following oil's lead? >> oh yeah. solidly back above 81. that kind of frightened everyone yesterday. we break 81 after inventory was larger than expected and we had expiration going on. but decent numbers out of china and europe this morning. that got you started and then blow out earnings at caterpillar and other places and then this scrambling that looks like short coveraging and flipping to get long. >> the data out of china that was feared possibly to cause a collapse in oil this morning. we didn't see it. if the figures weren't good you called them firm. but do you think we're playing this game with every data point that comes out from europe or asia coming forward? >> the significant ones. we're getting towards month end. and there is not an awful lot on

the calendar and you get the fomc coming up next week. so i think people's attention will begin to shift slightly. but is the market still vulnerable? we can see that. 200 point moves day after day and opposite directions. pretty tough stuff. >> art, what strikes me in tech is old and new tech is up. you have emc up a percent. apple up near all time high lgs. hp and plus aside from yelp you have splunk and smaller names that trade up at the same time. what do you make of that? >> the same thing with the vcs. money is gravitating towards the silicon valley area. some before they come out public and everybody else is saying hey look, tech is safe again. let me get in it. so it was an underchased world for a while. >> and does this scrambling in short covering take us to new

highs? >> it is that possibility. i would look at the s&p up around oh 1965 to 1975 in that area. and we'll see how we go. >> when you loo lose 150 hammeds in a few days and gain 100 back people say liquidity is going to be a story. volatility for months to come? >> i think so. particularly when you get market moving news i think a lot of the regulatory changes have diminished a number of intermediaries around. so when it moves you don't get the distribute that risk over a broader field. it goes stroigt down one pipe. so when crow get market moving use you get these dramatic

swings. >> the list could go on for the strength in industrials and future orders. does that give you some calm into the current quarter for the overall economy. >> it reinforces your outlook. remember how everyone was terrified that the weakness in europe and the strength of the dollar was going to do great harm to the multinationals and yet we see earnings coming in. people are handling it well. we're getting benefit sometimes from surprising places. caterpillar, who thought about railroad engines, you know? but wherever we get it we'll take it. but to your point, the fact that the weakness in europe has not spilled over into the earnings picture and the earnings are coming out i think will reinforce the bulls mightily. >> art, good to see you. and henry great seeing you. please come back soon. >> when we come back, we still have our eye on the market. as we mentioned it's within been well into the green straight from the open. the european close has been a

major driver of market action of late. we'll have the close and that impact here on the markets coming up next on "squawk alley." she inspires you.

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day four of the ecb buying covered bonds so private qe. the good news out of europe is the chance of recession appear to be diminishing slightly. the pmi, combined of services and manufacturing, went from 52 last month to 52.2. so slightly accelerating. it is not huge but means german manufacturing is perhaps in the right direction. albeit france to the other and services looking strong. the big standout has to be again tesco. tesco was one of the major retailers, one of the biggest in the world a juggernaut for those who grew up in britain. and they have a problem with

restating their profit. actually the error is 420 million dollars and the stock keeps falling. lost basically half its value so far this year. that's $23 billion of stock market value wiped out. the chairman has decided to go.. this is a stock that warren buffett held. now reducing below 3% saying it was a huge mistake. but tesco will stand out to every britain around the world. nokia networks doing well on tele --. daimler. and unilever. slowest growth in five years. michelin also in negative territory. the oil stocks or oil services stocks have fallen again today. there we go. they are in negative territory so the nordic region not looking

too bright. a lot of red there. the other thing guys is we're working our way through to sunday's -- jon, working through to sunday's stress test. so incleesinging leaks. so far 18 banks may have failed. >> sometimes i have to take notes on your brilliance science. >> i just -- >> like. >> i can get over the fact you don't wear a tie. but do pay attention to me. >> thanks simon. this week's tech crowd features two kick starter campaigns making sure your smart phone never runs out of power. appleby, the more you move, the more battery live you get. that's up against pronto. a the battery pack that can give

your phone a charge in as quick as fife minute. >> when we come back, still watching the markets. the major indices up well over 1%. the best day of the year for the dow in percentage terms. up 250. plus a couple of big names. amazon and microsoft after the bell. we'll tell you what to watch for when we come back. you, my friend are a master of diversification. who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue?

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let's send to it julia and a quick market flash. >> comcast shares rising on better than expected earnings. the stock up about 3%. this morning's call ceo saying he's not concerned about streaming only services that people still want their bundles and the company is experimenting with the ways to target millennial. warning that distributing directly to consumers over the internet is not easy to do. saying he was surprised by both hbo and cbs's streaming only services. >> cbs i was surprised because they have been such a defender of retransmission consent and the traditional echo system and have been so successful in the broadcast business. and hbo because i think it is going to be such a challenge for them to not cannibalize what is already a grood really good business. >> burke said continue to be

surprised in the transition. comcast shares are basically flat for the year. back to you. >> thanks for the update julia. two tech giants microsoft and amazon getting ready to report earnings. what can we expect? amazon had a busy quarter at least in terms of money going out the door. bought twitch for a billion dollars. launched a phone very few people bought. >> haven't seen a single one on the subway to date. >> do you think there will be enough money coming in to out pace that. >> definitely enough revenue coming in. again we get to the bottom line question, if we remember last quarter it was not the happiest of moments for amazon. the investment community seems

to at least after 20 years be somewhat questioning about the long-term profitability of this company. i'll put it here, kayla. no doubt consumer spending is moving more and more online and with that amazon gets more of each of those dollars. that is a positive. but they have a hard time making a buck. it still true. >> your margin is my opportunity, but now is amazon's negative margin someone else eels opportunity like alibaba. >> alibaba with a website called 11 main which i'm sure very few people know about. very new to the u.s. market. i think it is a little early for alibaba. what' we saw out of germany, amazon web services announcing a full product rollout in germany. that's probably more significant than alibaba as a competitor right now. >> i find microsoft fascinating because they don't give guidance on the top line. they give more capital spending guidance over the full year.

pcs are doing pretty well. if office is doing well, if ager is doing well for them. could we have a quarter that looks very different than what analysts expect? >> haven't seen a lot of movement but really interesting. a story on the front page of the "wall street journal" about terrible revenue and sales growth for the most of the dow 30. microsoft is in there. it's remarkable to see still how much growth is in there. there is still growth there. t thea ager. the perception seems to be growing. overall i take more of a positive view on microsoft right now. i don't know if jon feels the say way. >> ballmer was calling it muscle building. building a the presence they deputy have five years ago. building a the presence in hardware they didn't have. and now they are part of a small

handful of companies that do those things. >> they are in there. people talk and mention ager in a twha don't mention the surface pro. >> they mengsded spending heavily on content and part of the reason the profit os lack thereof are below. but electronics and books. particularly in areas like europe, international. sometimes those prove surprise. media line increasingly arguing it is dependent on sales of things like the kindle. and that is how you gauge it. where do you expect the excitement to be? media or electronics. >> probably -- that's tough. i'd probably say electronics not because of the smart phones, which can we just call them? they are just duds? can we call it a dud. >> so far yes. >> but the kindle is still a very solid product. i'd be very interested to see long-term. the iphone, iphone 6 plus

expanding form factor for smart cell phones. does that knock out the kindle long-term? i think that is a risk. >> when you think about the two companies and where the stocks have gone this year. microsoft up 19% year to date. amazon down about 3 and change. it seems like there's been a lot of expectations baked into the microsoft whereas a lot of people are discounting amazon because the volatility. so from an investing standpoint do you see one as a better buy at this point is this. >> i could probably still lean towards microsoft, interestingly. this is the moment i'm waiting for. when is the moment when people say to amazon we're just sick of you spending on television series. next year i'm sure there will be some bidding war for if next hot serial series and investors say what exactly is the flow flu of that expense through prime membership through user engagement. i think there is a lack of understanding about that in the

marketplace right now. >> what makes you think that conversation happens now? why hasn't it happened in the past 20 years. >> because of the amazing sales growth in the core amz business that. will continue. we know for every dollar that comes online more is coming e i amazon than other players. secularly it is in their favor. but it feels like they are at that moment maybe where the squandering becomes an issue. >> options for january, it is most volatile in the november through january time frame. if you have a retailer that sees its most volatile activity during its holiday season, what does that tell you about the core business. >> these stocks are indexed to slight changes in performance. yelp today is down 15%. >> worst day ever for them. >> they posted decent numbers. i thisty first actual net profit ever. so it's just the market has

overbought a lot of these tech stocks and we know how these growth things. if you miss by a penny the growth is thrown out the window and the multiple falls. >> there is a whole traunch of companies moderately profitable. the market cap is 2, $3 billion. and if risk is taken out like last week they are the most vulnerable. >> our billion dollar start up tracker there are 59 companies that by vc are over a billion dollars. how many are profitable? i don't know the answer but i bet it is not more than four or five. so yelp -- it is never actually made a penny as a public company i think until this quarter. >> grub hub was in that basket for a while as well. revenues surged 51 percent in the last quarter. and that was a surprise. so really is a story by story

basis. >> it is. >> dennis always good to see you. >> great to see you guys. >> it's throwback thursday and we are taking look back at the apple one nearly 40 years after release. and apple one just sold at the history of science auction for $905,000. the device purchased by the henry ford museum was expected to fetch between 300,000 and $500,000. clearly some collectors out there. it is believed to be one of the first 50 apples ever produced. one thing that strikes me about this guys is just the shear size of this and the fact that these computers used to take up entire desks if not rooms. >> how about the valuation on that apple one. just a little bit ago it was between 300 and 500 and now up to -- what did it sell for. >> what happened to depreciation. >> and today is the birthday of

original ipod. 13 years. >> i remember steve jobs handing out cds. among them was a beck cd so you can go back home load them into your mac, rip them and put them on your ipofd pod. the start of the art 13 years ago. >> unbelievable. when we come back the rally continues. we'll look at the names leading. caterpillar is about a dollar off the highs and europe has closed so we'll see what the afternoon brings. plus ebola fears seem to have called this week but the panic could still have a big impact on major travel companies. we'll talk to ceo of royal caribbean. best day of the year for the dow so far in percentage terms. get to the terminal across town. are all the green lights you? no. it's called grid iq. the 4:51 is leaving at 4:51.

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the tasty side of fiber. from phillips coming up stocks on track for their best day since january 13. is the bull market still in tact. blue chip blues, why so are many big names underperforming? and making money before the numbers. amazon, microsoft among those on deck tonight and traders weigh in on which names are a buy. carl, see you in a bit. >> shares of royal caribbean falling after a mixed quarter. the company beat earnings by a penny. revenue slightly shy of

consensus and a mixed outlook for the current quarter. simon hobbs is here. >> thank you carl. before we start this interview i want to point out the great share price performance over the past year, outperforming the market, your rivals in creating $5 billion value on the market. but today people are stressing about what they see as a soft third quarter. on head line figures. and on outlook for the fourth quarter still also looks soft. people say you have been cutting prices for ebola. is that right? >> well actually it has been a good run and we intended to continue it. but no, ebola really hasn't been much of an issue for us. and i think people seem now to be coming back. common sense seems to be prevailing and we're moving on. it doesn't seem to have effected bookings. and i think we are looking out

the fourth quarter and next year. we said was quite robust. we're enthused by the tone for next your. >> you responded over the weekend and all deferred to the industry association as to what do with the ebola guidelines. and they are much more firm than we got for the airlines. denying boarding that those that travels through states in west africa affected. or those effected with ebola. rur a pioneer of this industry. do you believe that's radical enough? if one of these incidents kicks off on a ship it could be really bad news. >> yes, we are obsessive about the safety of our guests and crew. and we will continue to be. but we're really very enthusiastic and our industry trade group has taken very strong steps to make sure there is no issue going forward to the

extent anybody humanly can. and i have to say the cdc is really one of the preeminent organizations in america and while there have been some bumps, they really are in stride now. i think we're felling positive going forward. we will continue to take the right steps and we is think the american public is seeing that, which is why it's not hurting bookings today. >> i want to come back to the outperformance. you have been a great investment to a lot of people relate toive peers. what is more important? the fact you are less exposed overall to the caribbean, where are these strong competitive pressures on price for example, or because of the fact you weren't the brand that had all the difficulty last year in an environment where 40% o cruisers for the first time.

>> i think the issue is that our brands have established themselves as providing phenomenal product. and that is in all the markets we serve. big strength in the caribbean. europe has proven to be a tremendous market for us in 2014 and looks to continue to do well in '15. and china i think is the other thing that is exploding. with our new ship coming out next week and it is going to be six months in the new york area and then heading out to china. all of that leads us to looking at -- i think that helps explain why we've been doing so well. >> sure. you are unique in many instances in the industry that you are actually putting targets on performance, doubling return on invested capital over the next three years and doubling earnings per share. and i imagine you are allinceni. the airlines, we're up to like 18, 19%.

where are you? >> we're dissatisfied with where our returns have been. we've been penalized by some of the things that have happened in the industry. but we really think there's an opportunity and we think that by publishing clear guidelines, clear goals and putting stakes in the ground that we can be held accountable for will help us get to number one, doubling our profit in three years. and that is doubling over a record year. and getting ourselves to double digit roics which we see is a minimum in such a capital intensive business. we're really committed to do that. >> good to see you mr. fain. we're going to speak in a month's time when the quantum of the seas docks for the first time in new york. we'll talk then. for the moment, thank you for your time. >> look forward to it. >> carl back to you. >> thanks simon. see you later this afternoon. a new breed of crowd frunding

luring tens of thousands with the stomach or high risk and potential for big returns. helped raised hundred of millions of dollars and you can see it in action on the "cash crowd." >> let's move back to the markets. stocks still rallying the nasdaq the best of the major averages. bertha coombs is live with the latest. >> kay wilkayla, quite remarkab you think the nasdaq hit correction territory and here today especially the big caps are within a few basis points of moving above their 50 delay moving average. but it is not all pretty. in fact it ranges from the good, the bad and the ugly. among the best is an industrial, tractor supply. great results. part of those, is that industrial outperformance we're seeing and one of the best in the s&p and on the composite today. sit rix citrix.

saying that it's seeing some geopolitical problems in places like china and russia. can't really close deals there and then of course yell p. just a hideous day. the outlook really disappoints there. and also a number of record highs and apple of course a big one there but the biotechs as well. small caps and biotechs are what are moving things here today. the biotech index at the record high. >> thanks bertha. here at the big board we're watching caterpillar and 3m. earnings from those two providing a lift to stocks in the dough dow. 3m responsible for about 52 points. and we'll keep on eye on that rally. first, rick santelli. what are you watching today. >> the equity markets global

have had a heck of a you turn. and the dax today and something interesting there and i'm not going to show you a big number today. i'm going to show you a big date. november 30, 2014. a big day. you want to know why? tune in after the break. from fashion retailers to healthcare providers, jewelers to sporting good stores, we provide financing solutions for all sorts of businesses. banking. loyalty. analytics.

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much more important to many traders on this floor than in the past. because it all seems like we're connected at the hip with regard to traying to get economies going, mostly through the printing press and fiat currency and currency wars but obviously growth has improved. is it because of or inspite programs. but today's intraday chart of the dax gives us easy clues sometimes how bottoms up is one of the best technical tools and it is simple. after you looked at that chart, look at mine. this is a one year of the dax. and of course 90 has been a hugely significant level. december of last year, significant bottom. 90.06. march this year, significant bottom, 90.17. 90.09 in august and then the big

plummet in the last several weeks but it's righted itself. today in particular, when you took out generic levels right above 9,000. did it propel it up? buy stops. always important to know the extremes especially when they were so glaring. and -- fast forward they basically received from the u.s. about 10% of their 84 tons of gold. why is this important? well i think it is important because november 30, 2014, the big day is a swiss referendum. do you know what it is? people are speaking. they are tired of paper. they like their culture of gold and hard money policies. hence if the referendum passes they are going to have to have the swiss national bank hold at least 20 percent of their assets in gold. they won't be able to sell anymore gold. that it is swiss national bank,

the central bank. and they want them to repate reeiate all the gold others have over see seas. why is this important? how do you think the market will react the day after? they have five years to up to speed that is the day you can't miss. back to you. >> industrials by the way are leading the way today with major indices well up. we're going to keep an eye on the rally and see what they bring when "squawk alley" comes back. [ breathing deeply ] [ inhales deeply ] [ sighs ] [ inhales ] [ male announcer ] at cvs health, we took a deep breath...

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well the best day of the year for dow. up 244 points. apple a new all time high. facebook new al time high. home depot new all time high. >> several dozen companies at least so far this yeek hitting new all time highs within the s&p on a daily basis which feels very different than we felt last week when we got a lot of s&p

all time lows. but a lot of those names coming back. >> interesting to me. linkedin's up above 200. logitech. it's pretty broad based and strong moves. we're talking 7% in the case of splunk. 6 in the case of the logitech. >> in the meantime between running a $200 billion company and big applications like whatsa sapp. >>. [speaking foreign language] >> that is zuckerberg speaking at a university in beijing. conducted the whole q and a in

mandarin. he wants to learn because of his wife whose chinese and likes the culture. and wants to build a working relationship. they probably appreciated that. >> his international focus shines through and his focus also in general. >> let's see what the afternoon brings. to the judge and the half at post nine. >> guy thanks. welcome to the halftime show. let's meet our starting lineup. stephanie link, mike murphy, john and pete najarian. the strongest day for the s&p 500 and nasdaq in more than a year and a half. credit earnings from a number of companies for the gains, 3m and caterpillar. the industrials were good.