dan ives will be with us. what i would suggest, francine, is what we are seeing now with rates that have changed that are unsettling. euro is moving quickly. francine: euro is moving quickly, and we have had quite a lot of calls from people who have come on the show saying this was started by the you recovery fund, but also inflation is better than expected in europe today, and that growth figure not as bad as it could have been. it is clear that the markets are moving, but i think in general they are buoyed by the massive technology earnings that are seeng a lift overall, as we parts of the economy in terms of technology, deliveries, things like that, that are outstanding at the moment. tom: stephen engle with us moments ago, and he will join us in the hour, our lead hong kong reporter. this is carrie lam in hong kong, at a not unusual press conference. stephen engle reports that we could get some announcements out of this rather extraordinary, particularly on the election as well. are ratherhis that extraord

dan ives. top analyst. folks, to underscore what dan just said, the nasdaq had been down 50.is now up 47. we've had about a 100 point swing here with the closing bell ringing in 20 minutes. up next, team trump's top money man responds today to charlie gasparino's report he broke yesterday that there is dissension among the ranks when it comes to billions in stimulus spending. charlie touched a nerve. he will reveal what happened and what's going to happen. he breaks it next on "the claman countdown." at the investments, which we can't control, and let's now look at our goals. in other words, we only want to take as much risk as is necessary to achieve our goals. maria had to do everything for me. [maria] she had these awful blisters on her back. i don't want shingles when i'm your age. [camera man] actually, if you're 50 or older, you're at increased risk. [maria] that's life, nothing you can do... [camera man] uh, shingles can be prevented. [maria & theresa] shingles can be whaaaat? [camera man] prevented. you can get vaccinated. [maria] where? [camera man] at your pharmacy,

it is dan ives.w york city, heard on bloomberg radio, seen on bloomberg tv, this is "bloomberg surveillance." union maye european be on the verge of the massive stimulus package. the netherlands, austria, denmark, and sweden have been holding up negotiations. now they appear to be ready do a billion would be available as grants. $860ackage could be work billion. brexit negotiators are in a tense standoff. u.k.ngs between the eu and have failed to make progress in the last months. the latest rounds of talks begins in london where negotiators say the concessions are not enough. the eu says attempts to compromise are not being reciprocated. one democratic representative told abc there should be a lockdown of florida. meanwhile the mayor of los angeles says he is on the brink of new restrictions because of the increase in virus cases. suggest -- are far from over. president trump is questioning joe biden's competence. told fox news he would be on the ground crying for mommy. show the democratic candidate

dan ives will be with us.d suggest, francine, is what we are seeing now with rates that have changed that are unsettling. euro is moving quickly. francine: euro is moving quickly, and we have had quite a lot of calls

emily: dan ives of wedbush securities, always great to have you on the show. coming up, should more companies follow in wells fargo's footsteps and band tictoc from employees phones? this is bloomberg. ♪ emily: wells fargo is the latest company to tell his employees to remove the tiktok app from work phones. white house advisor peter navarro says even if the company is sold to a u.s. buyer, it won't matter. here to discuss potential cyber threats from tiktok, the managing director of the cyber readiness institute, who was also a cybersecurity advisor to president obama. what do you make of amazon -- they called it an error last week, sending any mail to employees that they would be required to delete the tiktok app, then seeing later in the day that was incorrect. >> i think there is a lot to be singing about with this issue. what i am hearing from industry and the national security circles in d.c., the concern and fear over chinese companies like tiktok is very much out there. maden't expect that amazon an error but we don't know exactly what happens. with we

we go to dan ives. talk to be about these record highs. es anything about this market, the fact that it is led by so many companies getting bigger and bigger, does any of that make you nervous? dan: the stronger getting stronger. you are seeing that with faang names outperforming. we think they could be up another 20, 20 5% over the next months. i think what is starting to happen now across cloud, across cybersecurity, e-commerce, you are seeing a lack of secular growth stories. , those are stocks that will continue to move higher. we are only in the sixth, seventh inning of what we see as the rest of this rally. theor: and you are seeing rest of this rally through 2020 or looking out into 2021? we believe, especially going into next year, there has way to play the pandemic and selloff, it started in march, april, where you look , tohese rebound names navigate through the storm. now, you start seeing economic rebounds and more normalized 2021 numbers. the second piece of this tech rally. i think we will start to see that as we go through th

dan ives says tesla could announce game changing to elements at that event in late september.meantime, tesla could be stock of the month and stock of the year because it is up more than 60% in july and has only fallen once. since the march low it has gone from $361 to almost $1800. this month tesla reported better-than-expected second-quarter delivery numbers and that has raised expectations it could posted gap profit for the second quarter. that is the last hurdle the company needs for inclusion in the s&p 500, which would confer prestige and also give passive index funds a big reason to buy up all of those tesla shares so we can better track the index. over $325rket cap is billion. ,f you look at the s&p 500 bigger than p&g, bigger than jp morgan, bigger than exxon mobil. the biggest automaker. up with thiscame fantastic chart to contrast tesla with the rest of the automakers. it's market cap per vehicle sold orshe's market cap and 290 times what fee at is that. it is like they are not even in the same sector. alix: i do not even understand looking at that chart. thanks to s

i think they're everywhere. >> never, never. >> i'm going to find out. >> thank you, dan ives. >> you find out. >> thanks, dan. >> you do that >>> coming up, jim cramer is back we'll get his first take on the ayading day ahead. st tuned "squawk box" will be right back. like adapt. discover. deliver. in new ways. to new customers. what if you could come back stronger? faster. better. at comcast business, we want to help you not just bounce back. but bounce forward. that's why we're helping you stay ahead and adapt with a network you can count on, 24/7 support and flexible solutions that work wherever you are. call or go online today. we're helping members catch up by spreading any missed usaa insurance payments over the next twelve months so they can keep more cash in your pockets for when it matters most find out more at usaa.com >>> get to cnbc headquarters jim cramer joins us now. well-deserved rest, i think, jim. you actually don't tweet a lot you sort of put it away, don't you? >> well, under orders. >> under orders, that's good mentally, you're feeling -- you got to feel a little

disney it would take ford more than two months to deliver what tesla delivers in a year i'm joined by dan ives phillip le beau. thank you both for being here. dan, do you think there is a catalyst for it crossing this 206 billion mark >> i think what we've been seeing, especially for the last six months, has been a real embrace by traders, and you can make an argument whether these are momentum traders or true believers, but clearly they're embracing the idea that tesla has the cleanest past, if you will, to a wave of the future with their electric vehicles you can debate whether or not we'll see electric vehicles take off as many have predicted over the last five or six years if you're a believer who says, yeah, i think electric vehicles are coming, this is your best option right now >> if you own tesla, do you take your profits, or does this keep going? and if so, how much more can it keep going >> when the stock continues to go higher here, we talk about the scarcity value i think if you look at what's happening in china in terms of the market, you're seeing a spike. that's going to be key

morgan stanley coming in at $419 and wedbush's dan ives boosting his price target to $450 from $425.ed negative. but it's a $383 a share. >>> while the earnings outlook looks rosy for apple, can the same be said for the biggest banks set to disclose covid quarter numbers tomorrow morning? today, in advance of that, for you guys only, the top banking analyst in the nation is here to break down what he expects. ge gerard cassidy is next. and etfs for any amount you choose instead of buying by the share. all with no commissions. stocks by the slice from fidelity. get your slice today. w ievery bathy itr bathr a om ta lled qlledckllly, felybeaufully,ll withwi lifet le et le ete et.e ta lled qlledckllly, go from old to new. from worn to wow. the beautiful bath you've always wanted, done right, installed by one expert technician, all in one day. we've been creating moments like these for 35 years, and we're here to help you get started. book your free virtual or in-home design consultation today. liz: breaking news. if you are watching, the markets have just hit session lows. to the right,

here is what dan ives said about it on this program last week.ee in the virtual environment, docusign really no competitive environment. they sort of own that market. more and more enterprise group, e-cig ture e-cig ture, this stock i could double in three years. ashley: did you hear that, double in three years. by the way since dan ives mentioned docusign on this program, shares are up 13%. just saying. >>> let's take a look if we can at chinese electric vehicle carmaker neo. that stock at a two-year high. susan, pretty much all the ev cars are making even though nnio is down a little bit. susan: record june for this company. sales jumping 175% from a year ago. we saw tesla china sales tripling, from the month of may. call it a chinese recovery of sorts. this new electric karzai kel we're basing on government subsidies around the world to go electric. tesla has tripled. penetration is really low, 4% around the world. it is not just the car companies. we have a candy and electro mechanic to watch in canada. ashley: evs are surging quietly because

dan ives said apple delivered a picasso like performance.habet posted better than expected results and revenue as well. apple is on track to add 160 points to the dow industrials at the opening bell. as you can see, the stocks are higher, although there was disappointment in alphabet numbers, the stock is down one-half of 1%. the others up 6% apiece. president trump responding to backlash after suggesting the election may be postponed. the president citing concerns over mass mail-in voting in a tweet yesterday, the president said this, that the election would be the most inaccurate and fraudulent in history. the president defending himself saying he doesn't want to see a rigged election. >> i want to have the election. but i also don't want to have to wait three months and then find out that the ballots are all missing and the election doesn't mean anything. do i want to see a date change? no, but i don't want to see a crooked election. this election will be the most rigged election in history if that happens. maria: members of the republica

susan: dan ives. 450 for the stock this morning. that is probably what's rallying the stock.en much longer, you will see that go do $400 a share. maybe. awfully close at 397. susan, thank you very much indeed. >>> people moving out of big cities, not just going to the suburbs either. small cities are becoming real estate hot spots. lauren, tell me some small city, small town hot spots, please. lauren: this comes from mitch rochelle. these are the current hot spots, tampa, palm coast, orlando, fort lauderdale, florida. of many people are being done by younger people. nashville, tennessee, the job market very strong. phoenix, scottsdale, arizona, they are considered low-taxed destinations for people fleeing, you know, high-taxed california. those cities, those suburbs represent two trend we consistently seen recently in the market. the high-stat state exodus and urban exodus, going from big city to small city or to suburbs. stuart: you know, that is a theme we've been hot on for this program sometime now. it seems to be speeding up. it's a mass exodus. that is the way it looks

joining us is dan ooii ives andi lebeau. >> to some extent, it all starts in china i think china is worth to $400 in shares. we could see 150,000 units first year out the thing it really comes down to, this delivery number last week, 90,000 that was a jaw dropper put that all combined into profitable tesla, right now the trajectory could be a million delivery units in the next two years. that's how it gets to $2,000 bull chips >> phil, i'm curious since you talk to so many automakers all day long and executives, what do they make -- i'm talking about the rivals now. >> reporter: sure. >> what do they make of the price move in tesla's stock? >> reporter: they think it's whacky they say there's no way you can value this company to be where it is now. adam jonas brings up a great point. i don't know if we can bring up a chart of tesla over the last week in the last week he points out that tesla's valuation has increased every single day by the entire amount of the market cap before you think about that, every single day its valuation is jumping about $25 billion in the last week. and that's