and autodesk is not some new company either.hese guys have been public since 1985 although it kind of didn't do much during the first 18 years. it wasn't until 2004 that this company started rocketing higher climbing from $12 at the end of 2003 up to the low 50s by the end of 2007. then it got slammed during the great recession, tumbling back to below $12 in march of 2009. since then, it's been working its way higher in fits and starts. there have been a couple of stumbles along the way where it seemed to go out of style, but it always comes back. it's now trading at $84. it's become a permanent resident, a denizen even, on the new high list. i think this baby has got a lot more room to run. autodesk should be a household name, but because consumer oriented design software only makes up a small part of its design business, it gets a lot less attention than companies like, say, adobe, i big holding of my charitable trust, which you can follow along at actionalertsplus.com, that has genuine brand visibility. everyone knows adobe.

you can thing names like akamai, netflix and autodesk, the big percentage leaders. dow, not so much. still 87 points above dow 20,000. here is david and medical list. melissa: stocks hitting new highs. only the nasdaq manageses to close at a new record. i'm melissa francis is i'm david asman. we're so glad you can join us this is "after the bell" and we have you covered on the big market movers but here is what is new this hour. high-stakes showdown on immigration continues n less than two hours an appeals court hears arguments from both sides in the legal challenge to president trump's executive order. the white house insisting when it comes to keeping americans safe the president has the power to decide who can and can not enter the country. >>> multiple tornadoes touching down, wreaking havoc in new orleans. the state's governor is set to address reporters any moment. fox business will bring you the headlines. >>> disney's earnings report is imminent. we're breaking down espn's problems. with conservatives and why that may be hitting mickey's bottom line. melissa

. ♪ cory: autodesk has announced that carl bass is stepping down. are also some investors on the way out the door. carl bass is joining us. someone thisfrom morning that you are out. what is up? carl: i have been doing this job for a while, i've been seeing you for the last 14 years. it has been a while and this was in the works for a while. this was a long-term plan. cory: investors have been asking for some changes. you have been in the midst of making big changes. it seems like they finally started to see your plan was working. carl: i think they as well as the rest of the investment community. edit with the exact number is, but if you look at stec performance -- stock performance over the last year, stock is probably up 60%-70%. cory: 44.26%. 12 months. bad, that was ebay. you were right. as carl: help me out a little bit. i think the activist investments -- investors as well as the rest of the community. they came along at the trough as things were at the worst and the company was vulnerable. i think we have proven out over months that we had a

you can thing names like akamai, netflix and autodesk, the big percentage leaders.o much. still 87 points above dow 20,000. here is david and medical list. melissa: stocks hitting new highs. only the nasdaq manageses to close at a new record. i'm melissa francis is i'm david asman. we're so glad you can join us this is "after the bell" and we have you covered on the big market movers but here is what is new this hour. high-stakes showdown on immigration continues n less than two hours an appeals court hears arguments from both sides in the legal challenge to president trump's executive order. the white house insisting when it comes to keeping americans safe the president has the power to decide who can and can not enter the country. >>> multiple tornadoes touching

autodesk and nvidi and citrx, as well. apple also hitting a new high.with boeing and ibm, the biggest point contributors to the dow so far today. back over to you. >> thank you. >>> one of wall street's most influential and reclusive warnin investors is out today with a warning saying he's worried about the market. clarman saying that investors focused on stimulative tax cuts and mostly ignoring the risk of american first protectionism and saying it's high and we want to listen to him, lost money in one year of the 34 years in existence. he's been a successful hedge fund manager and right now putting his money where his mouth is. 30% in cash. >> a republican? >> donated to both sides. backed hillary clinton in the most recent election and given money to both sides of the aisle in the past years. >> his letter is also raised alarms about etf and index funds. >> exactly. >> it's a complicated argument i won't do justice to but that so much money flowed into them that the pricing of the stocks in there are out of whack and a danger there. >> right. i mean,