we'll see joe terranova with nike mike santoli, we begin with you. >> yes. >> as we wind down. >> i think you can fall back on the idea that the trend, even if we get a more substantial pullback is friendly at this point. the issue that makes things tricky is saying the economy has a bit of momentum, recession seems far off, earnings are not collapsing, in fact, they're flattening out and rising thwart the end of the year, that seems like a maverick unpopular position a couple of months ago. it's now something closer, i think, to a well-embraced premise people have. i. not saying everyone tootoo bullish or bullish at all, but they're deferring to the market action we've gotten that. we have two weeks left in the seasonally strong phase of the market, even the one that dates back to the midterm elections. so you start to lose that in mid july sentiments have neutralized. i think it's for somebody -- i've been pushing back against the scarier stories. you're left with the spot that, okay, they recognize it and how much more life is there in that dynami

joining me for the hour today joe terranova, kari firestone, jason snipe, steve liesman is with us as well. i'll show you what the markets are doing. we're largely in the red across the board. yieldsr as the fed chair was speaking i guess on that note, steve, to me this sounded like a fed chair justifying his latest rate hike not one who just paused. >> yeah, or certainly justifying the next rate hike that may come through, scott an interesting way to put it more certainty in his talk and the words that he used that rates are probably going up in the july meeting i don't see very much change in the feds market, still a 75% chance of a rate hike. the market has refused since that projection came out to price if that second hike. a little bit of a probability on that he said it's not really important the speed with which we get there now it's the level and getting the level right. in no particular hurry they were on hold to look at the effect of prior rate hikes and to assess the impact of credit tightening but did lean forward. a lot of questions about new banking regulations. republic

also, 3:00 eastern, "closing bell," hope you join me then we have a great show, joe terranova, nike earningslection a.i. is back with us, raised $1.3 billion today from microsoft and others he, of course, the deep mind co-founder was with us out in san francisco several weeks ago. he is back to talk about a.i., the hype, the hope and everything else. nike stuff, tell me about these earnings and your position in this stock >> well, i own it. i'm a little nervous about it. the stock in north america is expected that's going to be the negative on the positive how do they do in china with the reopen it's 15% of their total revenues inventories i think they're going to get down much lower than people think. they've been working that down inventory up 15% last quarter, up 43% in the first quarter. making progress. >> yeah. final trade, give me a name, please >> schwab. >> all right good stuff thank you. josh brown >> jpmorgan. dividend increased friday, i believe. >> farmer jim. >> wynn resorts, i told you about las vegas and steph told you about macao. >> with the las vegas sands buy. >> home dep

from here no matter what happens in a couple of hours joining me for the hour stephanie link, joe terranova, kari firestone let's check the markets. careful how you look at it today, too you do have new 52-week highs for the s&p 500 and the nasdaq that dow decline there is basically due to united health take that with a grain of salt, and we're going to talk more about that later however, stephanie link, does anything about this rally hang in the balance today with this fed decision we think we know what the decision will be we're not necessarily sure we know what comes after that, though >> look, i think we're all expecting a hawkish pause and the inflation numbers from yesterday and today really give them -- give me -- confidence, gives all of us confidence they are going to pause how hawkish are they going to be >> they pause now but then they signal they may go in july >> they may go in july or hint no matter what they'll talk about being data dependent >> if they leave us believing it was a hawkish pause, does that upset the rally? >> i don't think so. i think that's what we're pricing

new high today, little more than a dollar away from $3 trillion joining me for the hour today joe terranova, amy raskin, steve weiss. everybody is here at post 9. the dow is being dragged by defensive plays like health care and staples. the s&p 500 fourth straight positive, the longest since august of 2021 and, joe, it is an apple kind of day. it's in the green and, as we said, $193 is the magic number, away from $3 trillion. >> august of 2020, it eclipses $2 trillion. it does that in august of 2022 -- i'm sorry, august of 2018 august of 2020 it eclipses $2 trillion it is about to reclaim that level how fast to $3.5 trillion or $4 trillion that's the next stop there's now optimism that in fiscal year 2025 that's going to be administrative to revenue the stock is off to the races. >> you're talking to what dan ives said. >> when it gets to $4 trillion, weiss, a $4 trillion valuation, fair value could be in the $3.5 trillion range with a bull case $4 trillion valuation by 2025. up 45% year to date. do you want to get in the way of that momentum? how do you like them apples, weiss? >> how ridi

and debate what the investment committee, what is really at stake joining me for the hour today, joe terranova, steve weiss there's the s&p, 4313. we are on a four weak win streak, as we said that is up 20% from the prior low, and dow on pace for its best since november. cpi, we have a fed meeting and presumably everything else, retail, and we will see how the market trades once it got into this alleged new bull 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

and debate what the investment committee, what is really at stake joining me for the hour today, joe terranovan a four weak win streak, as we said

investors, given the rally we've already had, and what we think still lies ahead let's bring in joe terranova o -- investment partners. -- it's going to join us in just moment good to have you here. so, you sat down, you said, oh energy is lower. oh, financials are lower i mean, the markets fought back, though, as we begin this final hour so, how do you see things here >> okay, but the market is fighting back, why because there is a mega cap pu underneath the markets the mega caps, once again. so, i initially it was microsoft, it was in video, it was apple, it was meta well, guess what now amazon is joining th party. amazon is at its highest level since september of 2022. they just announced today -- that they are going all in o that stop you just saw three and a half percent >> which is a catalyst in th early innings in 2023. so, if the balls are going t be depleted and they are i control right now, the bulls are going to be defeated, yo have to tell me, how is it exactly you are going to break the fever that currently exist in mega cap equities because every day, it's saving the tapes. look

rally, how much longer it might last joining me right here at post nine, josh brown, liz young, joe terranovathe markets this holiday shortened week. you have a down day for stocks across the board however, we're focused on apple, for obvious reasons. new all-time high today,

from here no matter what happens in a couple of hours joining me for the hour stephanie link, joe terranovahe markets. careful how you look at it today, too you do have new 52-week highs for the s&p 500 and the nasdaq that dow decline there is basically due to united health take that with a grain of salt, and we're going to talk more about that later however, stephanie link, does anything about thi

joining me for the hour today joe terranova,

rally, how much longer it might last joining me right here at post nine, josh brown, liz young, joe terranova, and steve weiss we'll take you to the markets this holiday shortened week. you have a down day for stocks across the board however, we're focused on apple, for obvious reasons. new all-time high today, josh. approaching $3 trillion in market cap only $5 away >> only $5 away. listen, it couldn't happen to a more deserving stock would be the first comment i would make you probably cannot find a company as dominant as apple with as much of a grip on its user base. and a company that continues in every generation to improve its products, and yes, there are misses along the way, but mostly hits and the hits end up producing profits for many, many years, as those iterations happen. every time they release a new model, there seems to be almost instant demand that will stop at some point, but i have been hearing it will stop imminently for 20 years and it hasn't happened yet that's why apple is where it is. one thing i want to point out, and warren buffett makes this point in every sharehold

it was sort of one of those moments that, you know, joe terranova was talking about, as well there were a number of stocks that intraday sort of traded well below where they had opened i mean, when you look at some of the stats, they're pretty astounding, c3.ai up 125% in may. >> i know. >> crowdstrike was up 33% before today. okta was up 36% in three months. salesforce was up almost 30% in three months now, you know, part of that takes today's decline into consideration, part of it does not but makes your point, the stocks have had a huge run in a short period of time. >> right, and for broadcom it went from 16 forward multiple p/e to 21 times in two weeks' time that's a huge rerating i think the quarter will be fine tonight. i like the revenue mix it's very diversified and like they have the new contract with apple. they are generating a ton of free cash flow, buying back a ton of stock so i still like it very much but it's to the point of all of these names there is froth out there but then i step back and i say, long-term we talk about total addressable market for ai alone as a tril

new high today, little more than a dollar away from $3 trillion joining me for the hour today joe terranovaeverybody is here at post 9. the dow is being