great to see you thanks for your time >> thank you >> chris harvey.more about his big call on cnbc.com he sees another 8% upside. what do the charter say carter, what are you seeing? >> not sure i can setting the score, but at the end of a few charts let's talk about the wall street convention of price targets. a few slides and charts. first, 1928 to present that's all the data we have. what do we know? markets are built to go up they've gone up 63 years gone down 31 probability of being up, if you call that statistics, is 67% more gdp more oreo cookies, more cars, generally we ascend. slide two. the median mean gain well, the mean gain in any given year, 7.9% the median, 11.1 you can see it there on your screen so a chart of the s&p with the trend line what do we know? right now, we're up 20 so we're up double the median dw gain of 11 we're up 20. were we to stay on this trend line, final chart, we would actually reach 4950 and be up 32%. so to go to 4825, the level we were just hearing about, that would be up 28% for the year and we've had drawdowns

that is what we saw from chris harvey, upping his target nearly 1000 points above his previous target because earnings growth has been so strong. we are getting more crossing the wire it seems like every minute. best buy just raise its full year comp sales forecast to nearly double what it previously saw. companies are doing quite well. as long as that is going on, it is hard to go against the equity market. tom: it is interesting. best buy says a major reason was television sales. the may episode -- the minneapolis vikings this year may actually went. dow -- may actually win. dow futures up. the vix at 16 yesterday, 17.15 now. yields doing nothing this morning. a nice stasis there. the real yield, -1.02% against stasis over the last number of days. dollar a churn this morning, with euro-dollar $1.1735. wti $66.87. lisa: what i am watching today, 9:30 a.m., the g7 meeting virtually. it has renewed focus this morning after we learned that a top u.s. official met with taliban officials in the past couple of weeks before executing some of the evacuation ahead of that august 31 deadline.

ubs chris harvey, they got it wrong. chris mentioned that on this show. we thank him for his candidness. they got it wrong. and man with a vengeance did they come up. lisa: they became one of the biggest bears and now they are the biggest bull. taking a look at the uncertainty, tom, if you step back, some of the articles that have been written talk about how during the pandemic the one thing that equity analysts got wrong were the earnings. they vastly underestimated how high the earnings would be. their valuation expectations, they were valuing stocks way too high relative to where they actually were because the equity was that much higher in terms of value. if you take a look at that, people are looking at where we are now and saying, it's not as expensive as it seems. tom: the nuance here, taylor, is john leading the way with 5,000 out. i think it's 18 months. the basic idea of yeah, the numerator moves, price moves, the denominator moves and earnings. i flunked. i got that question wrong, taylor. taylor: price decided by earnings. tom: thank you. clar

chris harvey, wells fargo head of equity strategy. if you want to wind up chris today, please a male him and asked him about his price target. you equity market unchanged on futures. isaac what chris had to say at the end is really important. at the start of the crisis, the goal of the federal reserve was to divorce financial conditions from underlying fundamentals. fundamentals have started to pick up in a material way. now it is about the handoff. the handoff is always difficult, and it does not come without volatility. tom: i'm going to go back to the gdp call and what corporations do with the nominal gdp they are given. there's a huge uncertainty over that in q4, but what about q1 of 2022? i see no vision there. jonathan: talk about reopening. it went from april or may of 2020, i know we are having a conversation about maybe getting back to normal, whatever that means anymore. lisa: but the bifurcation between inflation running too hot and posing a real problem for the fed firs is this idea of whether we reopen in the face of the d

-- tonight on fast, the biggest bull on wall street says let the good times roll wells fargo's chris harvey upside for stocks by year end he'll tell us when we'll get there and when he see it the record rally running out of steam. plus, the rally surging. we'll break down how the traders are playing this move and we're all over the after hours action. shares of toll brothers an

out >> step, one says chris, nelson go back to nick harvey. to talk to this guy before he gets rained. because once he is arranged, you are screwed. he's gonna get an attorney, his attorneys gonna tell him to shut. up >> just what's birdsall and his partner were thinking. so they confronted nick again, now two days after linda's murder. >> you need to be fully truthful with my partner and i right, now because it's only gonna you know benefit you to tell the truth. this is getting uglier and uglier. >> we went out it won last. time he reiterated it almost exactly what he said before. >> which was that he killed lynn edge schockner because the burglar he tried to carry out went bad. the cops still didn't buy. it >> you need to take nick into responsibility now. take care of nick, now please. and tell -- be truthful with us. because we are not gonna stop nick. >> and that's when the story started to change. >> i might as well break -- it >> i was hired to hit the house. i don't know why. i don't -- i deny. ask >> that, is set, nick he was hired t

harvey weinstein. probably could have read that better. cnn is not sure if they should penalize chrisw they are just relieved nobody saw it. chris cuomo says he gave his brother some tips for keeping a low profile, step one -- make sure nobody watches your show. [laughter] people wonder why brian stelter let himself get grilled by stephen colbert. he heard grill and thought there would be burgers. brian stelter defended chris cuomo's ethics on colbert, i didn't know that show was supposed to be funny. this is better than my monologue. time's up, president will resign after backing cuomo, in her defense the job market is tough for hypocrites unless john kerry stepped down as climate -- multimillionaire director quentin tarantino refuses to give any money to his mother for discouraging his film career although he says he will give 50% off junior mints. american airlines has mandated employees get the covid vaccine by october 25th, or risk getting fired. meanwhile, spirit air has decided to focus on hepatitis. [laughter] airlines are bringing back covert restrictions due to the delta var

harvey weinstein. probably could have read that better. cnn is not sure if they should penalize chriseved nobody saw it. chris cuomo says he gave his brother some tips for keeping a low profile, step one -- make sure nobody watches your show. [laughter] people wonder why brian stelter let himself get grilled by stephen colbert. he heard grill and thought there would be burgers. brian stelter defended chris cuomo's ethics on colbert, i didn't know that show was supposed to be funny. this is better than my monologue. time's up, president will resign after backing cuomo, in her defense the job market is tough for hypocrites unless john kerry stepped down as climate -- multimillionaire director quentin tarantino refuses to give any money to his mother for discouraging his film career although he says he will give 50% off junior mints. american airlines has mandated employees get the covid vaccine by october 25th, or risk getting fired. meanwhile, spirit air has decided to focus on hepatitis. [laughter] airlines are bringing back covert restrictions due to the delta variant, i thought that

chris in hawaii, you say no, not worth it. caller: i am sorry? host: you say the war was not worth it, is that right? caller: not worth it? host: harveyw york, good morning to you, harvey. thanks for calling in. why do you think the war in afghanistan was worth it? caller: well, i think it was necessary after what happened in 9/11. also in 1993, we had to show our resilience to stop attacks on our homeland. i do think that it was a good decision to stay on. in het -- retrospect, we educated a country to a different way of life regardless of what happens now, these people are still in their minds fighting for freedom. host: harvey, do you think president biden made the right decision to withdraw? caller: he made the right decision, but he did it the wrong way. he should have never closed the embassy without getting the people out first. so i think it was made in haste and i think his decision will wind up to be a disgrace to our country. host: dave in las vegas, you say no, it wasn't worth it. go ahead. caller: ok. the war -- no, it wasn't worth it. we should have never went in there. it wasn't the afghans that attacked us. it was the

chris in hawaii, you say no, not worth it. caller: i am sorry? host: you say the war was not worth it, is that right? caller: not worth it? host: harveynew york, good morning to you, harvey. thanks for calling in. why do you think the war in afghanistan was worth it? caller: well, i think it was necessary after what happened in 9/11. also in 1993, we had to show our resilience to stop attacks on our homeland. i do think that it was a good decision to stay on. in het -- retrospect, we educated a country to a different way of life regardless of what happens now, these people are still in their minds fighting for freedom. host: harvey, do you think president biden made the right decision to withdraw? caller: he made the right decision, but he did it the wrong way. he should have never closed the embassy without getting the people out first. so i think it was made in haste and i think his decision will wind up to be a disgrace to our country. host: dave in las vegas, you say no, it wasn't worth it. go ahead. caller: ok. the war -- no, it wasn't worth it. we should have never went in there. it wasn't the afghans that attacked us. it was th