bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull bull they took him with absolutely clear goals, because he didn't know how to withdraw troops and, er, destroy infrastructure, he did it in force. so, that is, at the moment when they appointed him, it was already possible to realize what they really were. yes, but now we think. and we what do we want to liberate kherson, or can we liberate the left bank of the dnipro, it means no. in this way, kherson turns into a place of death for a huge number of people because it will be shelled from the left bank, which means we need to think about the protection of kherson, if at all it is possible if it is impossible to defend kherson, we do not have a sufficiently effective system of countermeasures for the defense of the evacuation of the city. no matter how strange it sounds, the liberation of kherson means the evacuation of kherson if we cannot liberate kakhivska, go away, this is not to establish control over it, i

is this really a bull market head to @cnbcclosingbell on twitter to vote. tom lee says yes what do you say? we'll share the results later on in the hour. we're just getting started though >>> up next, the big risk for the banks. this sector outperforming this week, but a hit to their bottom line could be on the horizon we'll explain after this. >>> and netflix moving higher as we move closer to the end of the session this friday. the data sending that stock higher and how it could impact the rest of the streaming space ahead. you're watching "closing bell" on cnbc. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. somebody would ask her something and she would just walk right past them, (laughs). she didn't know they were

but in order from bull, an order from bull, obey will be canned. the moment of indecision stretched out. in the end, we can be said, is that no firefighter had. the bravery of those ten children standing no more than 30 feet from them. no fireman walked away from his job that day. instead, this one, the firefighters cranked up the pressure and steadied themselves. the water lashed the singing stopped immediately, as if from automatic machine gun fire. in the words of one writer. the force of the water flattened the kids. one teenage boy tried to rise again and a stream hit him square in the face and backflip. i actually saw this footage. it's he backflips and he lands flat on stomach and almost does like a 360. these fire hoses, these fire either held by four men or mounted on metal tripods so highly pressurized the water that its power could knock bricks loose from mortar or strip bark from trees at a distance of 100 feet. the struck down some children at 30 feet. it stripped shirt off. one boy just kind of disengage it. the kids shouted in agony

our resident bull.e answer but we'll press him on whether it really is a bull market the s&p is trying to hang on to 4300 kevin gordon of schwab is going to join me, as well. that's 3:00 eastern time let's do "final trades." kevin, good to have you here what do you have for us? >> thanks for having me. we talked about a 3% dividend, coca cola. >> uber, autonomous, autonomous, autonomous long above $36 >> wendy's 7% u.s. comps, 14% international comps, and pricing power the stock's flat on the year i like it. >> i'm going give this name, an industrial name, ww granger trades at 21 times, 80% u.s. revenue exposure this is a company in the last 36 months that has delivered double digit revenue growth >> do you have an opinion of that >> it's a very good management team, really good balance sheet. so you have a couple of good things going there >> so we'll watch the market i will see you on"closing bell." dow right now is fighting for green. so is the s&p, sitting right at $4300. technically, we had entered

>> i think ultimately what is a bull market is sustainably, a sustained higher move in bull markets. talked about. charles: breadth indicates strength. breadth is improving. >> it had been certainly not today. maybe i should check my breath. charles: over last couple weeks. >> we look at this this is, this would be the first bull market to start in the last 50 plus years that didn't breadth in it. it has been a very narrow list of stocks. charles: smaller caps have actually been laggards big time. market leadership tends to be backward looking. >> if you look at most of this year so far it was almost complete mirror image last year. what has gone down last year has gone up the most this year and vice versa. that is kind of how these reversals works. it tells you nothing what the future leadership will look like for the rest of the bull market. charles: then fundamentals matter. >> i think for us, as fundamental shopper, always comes back to fundamentals. what i point out in the report we look pat profits. we look at liquidity. we look at sentiment. you never had a bull market start t

some.x that's not the only bull case that we have small caps rallying the bull case is thatt(■househorcedes. the choice is all yours. see your dealer for exceptional offers today. it continues to need lng this isçó■a growth industry that isl■ expanding into over the ne decade so forget natural gas pricing even though that'su■■■given me in and a tip to josh who has been in this as well. i don't want to ignore that. >> more on kmi.t why did you decide.jft(■(■ >> i'mf■ ready to give that up r >> let's get the broader headlines withl■ contessa ç■brer >> hi f■there, ñr■cott rescuers made a potentially grim discovery in thex■ search for t missing "titanic" tourist sub. experts are evaluating a debris field discovered by a remote operatingxd■vehicle today. they plan tol■ share an update this afternoon the sub vanished with a ç■ç■ ■■onboa exploring the wreckage of "the l titanic. the supreme court ruled in a water rights dispute the tribe accused the federal government ofi] breaking an /x÷■ treaty by failing to ensure water access across itst(■(■17 million acre reservation inçó■ utah, arizona

are the bulls now in control have they taken the reins of this market? >> i think -- i think the bulls are in control if you rely on a quantitative approach. if you rely on technicals, that's where the bulls are actually in control. you can't make a fundamental assertion beyond technology that looks overwhelmingly bullish what is bullish is the technical formation of the market. >> emily, i mean, the market's trying to broaden out a bit. >> yeah. >> bears like greg would say it's the magnificent seven have carried the entire market higher that's a valid point but it does feel like it might be on the verge of broadening out a bit. what do you make of that do you think it's legit? if that does happen, is that another bullish signal in your mind >> yeah. the broadening out is definitely a positive development we still like megacap tech you know through our conversations we've been there technology stocks are the poster child for quality. quality is company, great return on equity, great balance sheets, tons of carbon their balance sheet. if you are a compan

what to the bulls chase next? is there a way to find at the next catalyst in bull markets.ning us now is the chief investment officer and i understand we are down today but what are the next chance for both? >> i think they leave the shores of the u.s. and look at emerging markets in developed markets, the areas that have been unloved and are essentially underperforming u.s. for the longest streak now since records began. we look outside the u.s., we are looking at perhaps a weakening u.s. dollar. we are not seeing any sign of pausing elsewhere apart from china. if the dollar is weaker, it's a better time to be in that position. dani: i assume it depends where you are inem. do you want to avoid china right now? >> china is one of the problem spots right now. our clients ask of -- ask us about this all the time. there are various political reasons not to be in china like the reopening from covid. they are stimulate some growth so china would be a one problem area but there is still a burgeoning consumer in china in those countries around them will be supplying into that. i s

stayed in canada with sitting bull for four years. at the time, this was a major international incident. the united states wanted sitting bull back in the united on a reservation. eventually, sitting bull and strike. the cattle returned to the united states. sitting bull was killed by. lakota tribal police when he was killed. strike the cattle was with him. sitting bull was surrounded by friends who were trying to protect him. strike. the cattle was wounded in this incident. he on to paint this muslin, which is very unique for one thing, it's unique because of size. it's 22 feet long. but the other thing, it does not resist represent one single event, which is usually these paintings do. and the museum brought out a life sized photograph of this muslin to the pine ridge reservation and to work with elders to try to understand what's going on, this painting and what they say they think is going on is that a series of preparations leading up to a ceremony or event is probably taking place. and they point out that on the muslin are pairs

market or a bear market rally liz young, 61% told us they think we've entered a new bull market there are a lot more believers, so to speak, today than there have been the last many months they sense that there's been a trend change, and it's meaningful, and it could be lasting. you've been of the more cautious and negative over the first six months what about now >> there has been a trend change, and it has been meaningful and just looking at those numbers alone, there's obvious movement from people who were bears over to the bull side, so there's been some of the capitulation as well that we've sort of waited for for a long time not entirely yet i think the biggest thing that has been different and one of the things i got wrong in the first half was the use of the word should. right? you look at the way that the economy should react, the way that the market should react to higher rates to less liquidity and to fears over weakening leading economic indicators that have completely tanked and stayed low, things that should be signals including yield curve inversions have not been i'm n

back is so-called bull territory.nteresting, jim, to see bank of america be so plain about it the title of the report is "bye-bye, bear. >> i have to tell you, the five faqs was, i felt, not what i wanted to see. you don't want a bull market that's basically led by carvana. they did not mention carvana by name, david. but you have basically -- you have stocks who are reviled. why is the s&p trading at 20 times earnings all of this is basically like, we shouldn't be in a bull, but there's nothing we can do, and there's going to be fomo you want to be actively a stock picker, and then david, of course, i have to mention right up front because he's the oracle of a.i "how i do invest a.i.? that answer, i've given a thousand times i regarded this piece, "bye-bye, bear,"s bye-bye, happiness >> whoa, done with that. >> good song >> okay. now that we've gotten rid of that, you defenestrated that piece of paper >> that's a good one >> you know that one >> everybody loves it. >> the reason why i didn't like the piece, it says,

the stream, across bull bridge.taylor would be mortally wounded. he died on september 1st. in that action and overall, the new jerseyans would be driven across bull run and the new jersey brigade suffered, close to 33%. casualties in just a short amount of time. now, while jackson's men very quickly turned their attentions away from the new jersey brigade, they did still keep pickets and a couple of brigades out at bull run bridge. most of jackson's men then turned their attention back to the supplies there at manassas. however, while were quick to forget and move on from the fighting that we call the battle of bull bridge today, union troops were not quick to move on from that. so keep that in mind because we'll circle back to that. but back at manassas now, jackson's men found all sorts of supplies. i think it goes without saying that it's better to read the sources, the words of people who were actually there as to what they found, because otherwise it might not be. and i think the confederate raiding of manassas

2023 >> good to be here >> 12 to 15% more in the second half >> we believe this is the start of a new bull market for tech and ultimately it will be broader and it's not just that call it seven or eight big tech stock. weekly fundamentals are not just stabilizing, but actually starting to see for the first time upticks across cloud, across enterprise, and then, of course, you have these ai gold rush which i view as a fourth industrial revolution. >> would you -- would you be willing to admit that the gains we've seen from the beginning of the year until now were multiple expansion and based on fundamentals >> the first half is expansion and the second half will be fundamentals this is where a lot of these companies, they ripped the band-aid off and we're seeing really across the board especially over the next four to six weeks a much more dramatically different i.t. spending environment than we saw going back to february, march and even april. >> when you say rip the band-aid off, you are talking about the companies that were at the forefront of becoming leaner and in some cases meaner and

market >> alleged bull market certainly a technical bull market and by the way, you can confirm fundamentally and technically that the nasdaq is a bull market cpi tomorrow, without question, i believe we priced in what we will see over the next two months which is the largest single drop for inflation. keep in mind, you're rolling off may of '22s 0.9 higher month on month, and scott you will be in the 3 to 3.5 range for inflation in june. >> is it good for the market that's all i want to know. >> it's priced in. let's remember something, when you see the inflation reading tomorrow, and you see the drop from 4.9 to the low 4s, it's about the base affect from last year even if you get to the 3 to 3.5 level, how stubborn is inflation, and that's not priced into the pha youmarket >> eight months ago the s&p hit the closing low. eight months you have not been the biggest of believers, and are you coming around to a more bullish perspective? >> well, my position is coming around to some extend. i mentioned a week or so ago i bought deere, and i did sell a small part of treasuries that are coming du

do the bulls have control of this market now? >> i think they do because the things that you would be expecting to see, if the bears were going to take control, just haven't materialize yet. they could i would never tell you something can't happen in the economy. what are the things people are focussed on? well, the number one thing is how is the consumer doing. we know the consumer has somewhat downshifted, but the household balance sheet of the consumer is not an issue after 525 basis points of rate hikes, you would have thought those chickens would have come home to roost. then you look at what's going on and recognize the biggest category of consume debt by far is the mortgage. it's like 10x the next highest thing, which is student loans. there are no student loans now. >> payment are coming back soon. >> might right now, no issue credit card debt a trillion, mortgage debt is 12. 60% of all households have a mortgage under 5%. they all refinanced. where is the credit issue that was supposed to arise as the fed took rates high

the day of the bull fight, people come to the fields in the morning to choose the bulls that are goingir own village. people share food, share wine. it's a community. you have young kids here, and you have old men. well, all the community is here. it's very beautiful because it is a way that you can survive in an isolated island in the middle of the atlantic. in the ancient times, the bull was a symbol of vitality, of strength, and people thought that if they could eat the meat of the bulls, they would inherit their strength and courage, and all the characteristics that they saw and valued in the bulls. it's something that you learn from a young age: to respect

we did our cnbc delivering alpha survey with some spinteret resulting. 61% say we've entered a new bull market 31 say it's a bear market rally. what do you make of that the 39 or 61 >> i think that it looks somewhere in between the reason i say that is i don't think we have the escape philosophy for a trending market that looks like a market like we had in 2019 or like we had in 2017 where we've seen this market rerate. we think there are upside adjustments. we think earnings estimates are too low for the second quarter and the year there's good things happening on the earnings front, but can we push into a new valuation paradigm >> so professor, you've got a good student here who says you know what, in a current environment where rates are, valuations make no sense and the professor says what? >> you could say some of the tech valuations may but when you see the cyclical value, mid and small cap selling at 15 and 16 times earnings and if you are saying there is going to be no recession in the second half of this year, boy, i think those are goeng to be buys i think those are priced for

technically, we had entered a bull market. the debate continues as to whether we truly are in a new bull market. we'll discuss. "the exchange" is now. >>> thank you, scott welcome to "the exchange." i'm kelly evans. here's what's ahead. is the bear market over, or is it actually just about to begin? the s&p is now up 20% from its lows last october, but it was down almost 25% in the bear market before that the typical bull market sees a gain of 75%, so we'll see if we could have that much more room to run and the china recovery continues to disappoint as deflation hangs over the economy but one fund manager says investors are missing big opportunities in the services sector there he brings us his top picks >>> oil having a rough go of late prices falling 11% over the past two months, but traders have been talking about tech nick tom mcclellan who says oil could be forming a bottom >>> but first, dom chu, i see an important round number over there. >> it is an important round number, and it's all green for right now, but we have

>> i think a lazy bull market is to be contrast with raging bull market you think of raging bull coming out of 2009, 2011, things going down and go up the lazy bull market is more akin to what you saw in the '70s you had the oil embargo. during that, like, three-year period, it was more of a w shape. now, in inflation adjusted terms, it was much worse because you had rising inflation, so the real returns were negative in terms of trying to translate into what we might see ahead, we believe we're going to see some continued strength with the markets over the longer term but with plenty of opportunities to beat dollar cost averaging back into something more aligned with your strategic allocations >> so, bill, let me come to you then what prevents this from becoming a raging sort of bull market and how do we -- how does that change your recession outlook for the year >> it certainly could become a raging bull market i think it is tough to not at least be worried about recession. i would just point to the new york fed has a recession probability gauge that's up at 71% right now. through its

market, contessa in my education over time, the last 39 years, a bull market really starts when youave taken out the old highs from the last bull market so, whether or not it's a bear market rally remains open to speculation. it has certainly been a tradeable rally in the nasdaq, the nasdaq composite, and the s&p 500, but nasdaq -- i should say the s&p stopped out at about 4,800, so you would have to go through that and stay above it on a consistent and persistent basis in order to define it as a new bull market. that's just my understanding of how you measure bull markets, not 20% off the line >> what about the recession question with me, you have said before that there is likely to be a recession based on the data that we're getting from the economy past performance -- >> is no guarantee of future results. i wrote a column today, we might be entering a goldilocks phase and outlined some of the reasons why i might be wrong about the recession call, despite the fact that the yield curve is inverted, leading economic indicators down for over a year, typically all of that suggests rec

but, and then the owner of the bull terrier was also entrusted to the child and the boy. i just couldn't immediately drag the vicious dog. as a result , the girl's face was seriously damaged and she had to undergo several operations. between these photos, one fatal meeting with a neighbor 's bull terrier, which caught on vladlen's cameras, was descending in the elevator to the first floor with her dog, when the doors opened into the cabin, another dog ran in from this angle. it is clearly seen that the target of his attack was originally a pet. schoolgirls, a bull terrier, with a stranglehold, grabbed a mongrel to separate the dogs. vladlena was the first to rush, and this caused wrath on herself. here here it was from all known in the blood was, that is, she did not come out. she had her here right away , she didn't come out, the door was closed. that's it. that 's it. that's it, that's how the door closed and that's it. she looked at the phone, how it was on her face and went back home, and then how this attack could have ended . happened did not immediately go to the h

the most hated bull market in history.e might be entering the second most hated bull market already in history. it can go higher and the more haters there are, the higher we can go. charles: got a minute to go. you are looking at different areas. i know you like rio tinto, that's off the beaten path of what is sizzling, you want to be positioned in front of the crowd when they make the next move. >> it makes a lot of sense because he's going to have a high dividend yield, the stock is hammered because they had issues last year but they will resurrect that dividend and this is at bargain basement level, when they are fundamentally absolutely fantastic companies with great cash flow and business model. that is something, i like buying assets because if the market continues to go higher, if the economy doesn't fall into recession in the global economy picks up speed, shipping will go through the roof with dividends on top of that. rio tinto has come off of its highs, we had to positions, we pay huge dividends at lower levels

save the bull. you got to save that bull. save that bull. save the bull.hey were listening and just before the games ended, it was announced on breakfast that the bull would be saved. we can reveal some breaking news on the bull and its future, and speak to ian ward, the leader of birmingham city council. ian, what can you tell us? well, as you can see, the bull is still enormously popular here in birmingham. so i'm delighted that birmingham city council has successfully negotiated to keep the bull here in the city. the news was celebrated, tails set wagging. hello, truffles, you've done thejob, you've helped the campaign and saved the bull. well, he can go back to bed now, can't he?! he doesn't look too interested at all. the ball then stayed in the city for the rest of the summer before moving to winter storage while long term decisions were made. but first, down to london, to the creators to be restored to its bullish best, but this time built for a long term future. a permanent home was then settled on — birmingham's new street station. all that was ne

up 20%, that makes it a bull market. but the fact is that it's been a bull market since last october. and there have been a lot of fears the whole way. some of the fears are about things to materialize, some not. last fall there was fear about recession and inflation and then we had all the fears about fed rate hikes last year, a couple of them in the fall. then we got to house, gop if house can't elect a speaker, then we got to more fed rate hikes, the february, march one, then we got to the bank crisis, c-r-y-s-i-s, and then we had the debt default fierces. i want you to think about this differently. think pink floyd. all in all, it's just another brick in the wall. it's the wall of worry that bull markets climb always in their early phases. it's really simple. charles: i'm going to have that for the rest of the day, hey, pundits, leave those investments a alone are. i've got one minute to go, but i'm reading that you're saying don't fall for the a.i. swoon. that seems sacreligious, so is this just hype? >> you know me

red bull and their world champion take a milestone victory in canada as max verstappen exerts his dominance again. and andy murray's got that winning feeling again — with victory at the nottingham open as he chases a wimbledon seeding. welcome to sportsday. the weather has intervened for the first time in the ashes series with rain forcing an early end to day three of the opening test at edgbaston. at that point england had just lost both their openers in their second innings, which started with a seven run lead after australia were bowled out for 386... usman khawaja eventually making 141. after both ben duckett and zak crawley departed within three balls in conditions much—changed by the weather. england ended the day 28 for 2, 35 ahead. here's our reporter patrick gearey. this test match is precariously placed at the moment 35 runs in the second innings but two wickets down. the day started with australia batting in the first innings five wickets down. jimmy anderson struck quite early bowling alex carried the ozzie whippet keeper when england needed a break through just before the lunch

dogs, and during the japanese new year, breeds such as the argentinian bull and the brazilian mastiffnned. in some countries, such as denmark , there are stricter laws in this field. according to the dog law in this country, it is completely prohibited to keep, breed and import dogs with mixed breeds and other special breeds, and a violation of that will result in heavy penalties . in addition, even keeping german shepherd dogs due to its possible dangers in other countries like the united states and the uae, they face severe restrictions and keeping this type of dog is completely prohibited in countries like ukraine and belarus. it is interesting that according to the data of the court website, 17 breeds of dogs in the united states of america, pit bull , doberman, husky, german shepherd, and bulldog are classified as potentially dangerous breeds. a self-breed that is right about except you for a minute, for example, the truth is harsher , i want things like this, for example, your pit bull dog's mother was the strongest of the white dog breeds, whose blood and cancer are bigger, now

i not only was a bull rider and could make money rodeoing but i made the bull ropes that the bull riders use to, to hang onto. i ended up being one of the top three bull rope makers in the country. [chiwetel] this is calicrate country, the high plains, home to 20% of the entire agricultural output of the united states. today, mike raises 1,500 head of cattle on his family farm. but small family farms are dying out on the high plains. and mike callicrate has every reason to be worried. his family have seen the high plains die once before. for a time, the waves of migrants who settled in the high plains in the late 19th and early 20th centuries had enjoyed success. demand was high, and the crops were rich and plentiful. but deep ploughing and over exploitation had loosened the top soil. [wind blows tumble weed] and when drought came during the 1930s, follow by high winds, the fine soil of the prairies blew as far as chicago and washington d.c. the high plains became a dust bowl covering 100,000,000 acres of land. many believed the day of judgment had arrived and the world was coming to an

the bull case right now is that inflation has come down in a pretty linear fashion. you could say it's less than half of what it was at its peak in june. that's a good thing. you could also say, yes, but it's still twice what the target is, which means the job is not done you have to then ask yourself, even if they're done hiking, if you believe we're in this higher for longer regime, if we sit above 5% fed fund rate, can capital sustain that can businesses get capital in that environment we're hearing that small and midsize businesses cannot. if you chart liquidity over what happens in the stock market, particularly in tech stocks, you see it follow the way down there's a huge divergence. you have tech stocks rallying. liquidity expected to fall over the coming months. one of those two lines has to meet and the liquidity one is probably not going to come up. >> you think we're going to have a recession? what's your call on that >> if i had to answer that in one word, yes. >> so you also agree with jeffrey on that too, right >> obviously the market make-up is differe

rally. >> so, i've been telling this little story about this bull out in the field with six cows andthem are pregnant so, you know, you got something going on but all he cared about is kept his nose against the fence, looking at three other cows that didn't belong to him now, all he had to do was eat grass. but no, no, no he thought something was better somewhere else so, he decided i wanted to get over there so one day, he measured that fence up, and he said, "i think i can jump this. so that day came when he got back and he got back. and as he took off running, he dove over that fence and his belly got cut up on the bottom but as he made it to the other side, he shook it off and got so excited about it then he ran to the top of the hill, but when he got up there, he realized they were bulls, too. [ light laughter ] so, what i'm telling you, don't think something is better somewhere else >> seth: kind of feels like a bad idea for herschel walker to be telling any stories about multiple random pregnancies, especially one where the expected dad just peaces out like that. [ laughter ]

max verstappen left every lap to claim the 40 force when in his career and red bull's 100.llest margin of victory the season giving other some hope. victory the season giving other some how-— some hope. slowly chipping awa , it some hope. slowly chipping away, it took _ some hope. slowly chipping away, it took a _ some hope. slowly chipping away, it took a bit - some hope. slowly chipping away, it took a bit of - some hope. slowly chipping away, it took a bit of a - some hope. slowly chipping away, it took a bit of a step | away, it took a bit of a step ahead this week and when they added the upgrades so we are working on bringing s'more and moving forward.— moving forward. amazing. i never expected _ moving forward. amazing. i never expected to - moving forward. amazing. i never expected to be - moving forward. amazing. i never expected to be on - moving forward. amazing. i | never expected to be on this kind — never expected to be on this kind numbers myself. so we keep enjoying _ kind numbers myself. so we keep enjoying and keep working hard and today has been a great da

against bull.ies like this so much so that it was briefly banned in some places because farmers were spending too much time at the fights. and not enough time growing sugar cane. like cus d'amato and the young tyson their handlers raised these beasts from calves. caring for them on one hand and training them, conditioning them to be monsters in the ring, on the other. oh! >> kenny: oh, oh, oh, oh! >> anthony: damn, does one wager on this? >> kenny: i guess the, uh, the official answer would be that gambling's illegal in japan. >> anthony: intermission. time for a corndog, some funnel cake, curly fries? no. better, much better. yakitori, yes, they have that. but when in okinawa do as the okinawans do, yakisoba. start with pork belly, as one always should. some hacked up sausage, cabbage, carrots, fry that stuff up on the griddle, add some chukamen noodles and sauce, soy, mirin, brown sugar, vinegar, and a bit of sake. topped with seaweed powder, some pickled ginger garnish, and eat. now. oh, he look

so i don't want to get all bulled up, just like the move. and, yeah, we are late in this particular move. long-term bull the big money is being made right now, but it is also being made on the order of sacrifice tech because there isn't enough cash to go around at this point without something being sold, and it might be your stocks. let me explain something these days, they're like no other. these days are when the most money can be made, something i will be discussing tomorrow at our monthly cnbc call. this morning we came and had a besign index number. it was soft and sweet with a handful of two entries that's okay. the fed continues to win its battle against inflation as i predicts because i told you jay powell is a winner it's obvious to me there is a nice trajectory here that could produce a soft landing, a gentle touch. then you go off the jet way, boom what a great trip. now, the recent run is quite unexpected because everyone is terrified of what's known as the yield curve. i think it's a tiresome concept right now. but longer rates

the debbie downer bull. the s&p and drinkable market despite short -- enters a bowl market despite shorts hitting a record. it paints a picture of any economy you want. ism services breaking right now. and flying into profitability -- we go to the iona annual general meeting in istanbul to speak with air new zealand's ceo. from new york, i am alix steel. my cohost in london, tom mackenzie. guy is in a turkey. this is unbelievable, tom, continued strength in the equity market despite everyone feeling bad. tom: so much handwringing, isn't it there, with this rally. yet we keep going higher, keep going higher. almost consensus you have to be cautious in terms of what is happening with the federals of gas prices increasing in europe. you can pick up on this, but to your point, it is difficult to read the data and take a clear line on this. alix: ism services, price index falling a lot. michael mckee is going to break down these numbers now. what have you got on these numbers? michael: headline number way below w

the question is will this super bull move his target?to bring in bmo capital markets chief investment brian belski. last time i looked brian, 4550, one of the top numbers out there. this target has made a big move. are you thinking upping that target. >> thanks, super bull. how many people come on your network, brother, man say, man i hope i'm wrong, i hope i'm wrong, our bull case is 5050 on the s&p. that is brand new price high. listening to explain the market. this is yeah but market. think about it, yeah, but we'll still have a recession. yeah, but inflation will never go down. yeah, but the fed is wrong. yeah, the market is expensive. yeah, yeah, but everything is led by five or 10 stocks and you showed some great rhee search at the top of the show that is absolutely correct. it's one of these situations where we're getting confidence in equity investing again, confidence begets confidence. remember a lot of institutional money missed the january, february, march, move and didn't really get involved with tech stocks for all intents

the bulls have it. the bull market is back in stocks. good morning. ♪ bridgett is here. that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big and small, and once-in-a-lifetime. hi, i'm lauren, i lost 67 pounds in 12 months on golo. golo and the release has been phenomenal in my life. it's all natural. it's not something that gives you the jitters. it makes you go through your days with energy, and you're not tired anymore, and your anxiety, everything is gone. it's definitely worth trying. it is an amazing product.

s&p close to the 4300 level, within a hair of a bull market. there is a lack of concern of the breadth of that rally. does this have further to run? kristine: there is definitely a lot of arguments for the run of that bull market, we are seeing it broadening out, which is a good sign. we are also seeing more positive outlooks when it comes to corporate profits, and the most recent earnings season, we have seen companies bracing for a potential downgrade in earnings outlooks but we have not seen that materialize. that really is part and parcel of the state of the u.s. economy that is proving to be quite resilient. we are seeing that definitely in the corporate space. there are supportive reasons for the bull market to continue. naysayers will say it is too expensive at these levels. it has been concentrated in the biggest stocks on the s&p 500 but the broadening size is encouraging for the state of this current bull market. francine: when you look at what is going on with the sec and crypto, they are getting flattened. where does this end? krist

the bulls did not have time to bury. just left standing.ed out, just near the grave of vasily the demons malinovsky, here is a german map, the germans are shelling leningrad in squares. they know perfectly well what and where is located in leningrad spiers and domes of cathedrals. color the paint put on specially tailored, slipcovers. this is how the heroic climber olga firsova works at her height. moreover, under the shelling of climbers there was a whole team, two died from hunger. in the first blockade winter, three hundred architects of leningrad killed the zones. they take measurements of historical buildings in case of destruction, they are engaged in camouflage. this is how the bombardment covered smolny from above with a camouflage net and a false facade. the german pilot, descending, was disoriented, but so was the patrol. they arranged mock-ups of houses, bridges are masked so that they merge with water, this helps. well, they are partly bombed, shelling not only factories and bridges, but also masterpieces of architecture . yes,

we have a live report next. >>> plus, missing the bulls eye.st month, but is the weakness consumer based or a push-back against quote unquote wokeness the details and outlook for the stock ahead. you're watching "fast money" live from the mnasdaq market sie in times square. we're back right after this.ery. i'm sleeping much better. in fact, it's making me think of doing other things i've been putting off. like removing that tattoo of your first wife's name. but your mom's name is vicky too! that's even worse. ( ♪♪ ) inspire. sleep apnea innovation. learn more and view important safety information at inspiresleep.com. ♪♪ at morgan stanley, old school hard work meets bold new thinking. ♪♪ partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. (vo) this is more than just a building. it's an ai-powered investment firm with billion-dollar views. a cutting-ed

we have the new bull market allegedly started. i wonder what they must be thinking about this as they sit down at the table tomorrow >> reporter: yeah, i'm not sure how happy they would be about the bull market. there's a wealth effect issue. i don't think that's the top of the issues they're concerned with right now i think what happens, scott, is unless you get a massive upside surprise on the cpi report that they take this pause they want to see what they've done i think the chairman has concerns about the banking issues out there i think he has concerns about the effects of policy. they may want to give the treasury a chance to rebuild its c coiffures. he's going to try to dance this dance and say we're not taking it off the table it's not a skip. the skip implies we'll definitely hike. what he said last month was the only forward guidance we're giving you is we're looking at the data they're going to take a look at it and see if all the things we talked about just a minute ago are going to be things that help bring inflation

haidi: this is a really interesting bull market. s&p 500 not so bullish. let's look at how this is setting up in asia this friday. >> we are looking ahead to the opens here in japan, korea, and australia. we are watching the two year yield quite closely at the open here. we did see a move in the price session that dropped. those u.s. jobless numbers telling us we are seeing coolness coming into the labor market, and that can be a reason the fed may keep its rates on hold in the next meeting tuesday. in terms of the direction for stocks, it is something else that aided the s&p 500 into bull market territory. tech stocks in particular benefit when we do see lower yields. they rose in the prior session. the outset of trading in japan today will be led by the wall street session. we are seeing the nikkei 225 coming online 9/10 of a percent to the upside and we are on track for a ninth straight week of gains. we are seeing investor inflows, particularly from investors who are abroad. in terms of the direction of currencies, we did see do

>> i think we're in a new bull market, frank. we were chatting yesterday the trend is up. we went positive three months ago. we have been entering the market at a rapid pace. if you look at the russell 1000 and 2000 and 3000, this was faang driven and this is a new bull market and you should be invested. >> vance, some investors are concerned of the narrowness of the rally. russell out performing in june we will show you the chart that performance is something people are paying attention to today. what opportunities are you seeing what is the upside move in small caps >> there is broadening out in the market there are wonderful small caps that are breaking into 52-week highs. smci is a stock in the super micro computer industry. it will benefit from a.i a lot of stocks picking up steam and broadening out you know, you can look at the bank stocks. bank of new york mellon. it was a beneficial in the negative banking stocks. when the bull market starts to unfold, it will lift all ships and all sectors up. >> i want to go back to financials you are seeing opportunities in fina