joining me, josh brown, steve weisselberg, liz young, jason snipe. let's check the markets. we're in the green decidedly so and the nasdaq is outperforming gdp, meta, however, did not and this is very much about meta's momentum its mojo and, josh brown, the big reason why these companies tinge to show you why the money flows here >> yeah, i think this is going to go down as one of the biggest turnarounds of all time. when you just think about the sheer amount of market cap lost and then regained inside of a very small window like less than 24 months, you would really be hard-pressed to think of a lot of examples in the history of the stock market where a company this big sell that hard and then regain so much of it back so quickly. it really is wild, and credit to the meta believers who were either able to sit through that incredible 77% drawdown and ride it all the way back or the people that came in when this was very out of favor and said, i understand all the issues, but i think they're going to fix it. they fixed it. this is a company not just cost cutting but beating o

josh brown? >> i want to be very careful about the way i respond to this. but i think it's important to point out you can give someone a 60/40 portfolio right now where they pay three basis points for the 60 part and maybe two basis points for the 40 part buy the s&p, basically it's free wall street doesn't make any money from 60/40 portfolio wall street makes all of its money convincing people that's noting going to work or will not be enough or will not do the trick in a specific environment and wall street wants to sell you alts i don't have a problem with alts, but understand something, that is where the money is made. and so you will frequently hear, quote, the depth of the 60/40 and right after there's a pitch for something that costs 2 and 20, 1 and 10, whatever the the case may be. nothing wrong with alts. nothing wrong with not particularly being enamored of the current bond yield or s&p multiple just understand there is always a motivation anytime somebody tells you so and so is dead, such and such cheap easily repeatable strategy is dead. i would

joining us on this friday josh brown, stephanie link, jason snipe, baruch. let's check the markets. we are in the red across the board. a lot of the dow has lost, down 200, due to boeing and united health we will get into all of that josh, i feel like you got a lot of cross currents today, the retail sales miss. you put that against jpmorgan and what some of the banks have delivered, you have a new background behind you. nice flowers on this friday. so just add that to the cross currents and things we need to discuss, but what do you make of what you're dealing with today very nice. very, very nice. >> my guy. it's not very complex. what would you askyourself, what would you prefer, a blow-out retail sales number is that what we want to have happen so, for me, i'm kind of looking at glass half empty as actually glass half full and i think most of the market seems to be in that mode. we all understand we're facing down an earnings recession we all understand the economic data is cooling. we all understand that's by design and so this is really going to be a question in my mind for th

josh brown, i send it to you first. do you feel like this trade is teetering a bit, or is it just taking a breather and we're going to be right back putting money where we've been since the beginning of the year? >> i would be happy if we had a little bit more of a balance rather than this lurching, everybody runs to one side of the boat and everybody run back to the other side of this boat, because the market ends up not going anywhere it looks like 4100 might have turned us away or at least we're stalling there, let's just say it's a much better market environment where you have different groups, and it's not necessarily this very clear delineation between value and growth but really is more about companies that are doing well leading and companies that aren't doing as well lagging and it would be nice to get back into a market environment that's less top down thematically driven even if it's not on a stock-by-stock basis but sector by sector, and have those moves last longer than two or three weeks at a time before t

. >> josh brown, mike wilson today said market is signaling to stay defensive. a lot of talk about the yield curve resteepening that's happened in a pretty big way. we talked about the data is raising some alarm bells and those revisions today on the jobless claims leading into tomorrow certainly are interesting. >> yeah, if you look at the shorter end of the yield curve, the one month, two month, the three month, all of those are up versus the start of the year the entire rest of the curve, anything from six months out to 30 years are now lower than the start of the year. and the big story of this week is yields crashing it's been breathtaking the volatility in yields has been absolutely off the charts, which is not something that i expected to see. but this is where we are if you think how that filters through to the stock market, look at the two best performing factors of the year, growth and quality. specifically over the last month. growth and quality are up 4% and 3% respectively over the last 30 days the two worst are value, down 1 1/2, and yield down 1.

joining me, josh brown, steve weisselberg, liz young, jason snipe. let's check the markets. in the green decidedly so and the nasdaq is outperforming gdp, meta, however, did not and this is very much about meta's momentum its mojo and, josh brown, th

joining me for the hour right here at post 9 josh brown, stephanie link, and jim lebe lebenthal. let's check the market we've been in the red for much of the recession and much of that having to do with the economic data. the j.o.l.t.s. report was below expectations that is good at least in terms of what the fed is looking for it does underscore, though, the softening of the economy, and that was underscored as well by factory orders so we have industrials weaker, materials, energy, some of the more cyclical plays. josh, that brings me to you and what you have told us is a trade, but nonetheless you bought newmont corp, mining, because it is a play >> i bought it yesterday it's a trade based on technicals if you've been watching the show for a long time you know that one of the things i really look for when the technicals align with the fundamentals. i think with the giant gold miners that's exactly the situation we're in gold has been outperforming the s&p over the last year up 8% minus 5% if you look at the material sector broadly, you have about 68% of them above their 200 int

joining me for the hour josh brown, stephanie link and jason snipe. let's get a quick check on markets here just about at session lows the dow jones industrial average down about 0.4%. the nasdaq down more than a percent. the s&p 500 down just about a percent or so when it comes to sectors, consumer staples leading the way along with utilities, defensive play there and energy is pulling up the rear there so the countdown is on just under four hours before we get those first batch of big tech earnings alphabet and microsoft, both out with results after the close what's at stake for the mark as we await these critical results? josh brown, throws so much to talk about whether it's cost cuts, ai, cloud. you pick where do you want to go? >> oh, wow my choice? >> your choice >> actually, i want to talk -- i want to talk about volatility, courtney -- >> okay. >> i want to talk about something we've been talking with our clients about, because i think it highlights how different the market environment is this year versus what we all lived through last year. w

joining me for the hour right here at post 9 josh brown, stephanie link, and jim lebe lebenthal.'s check the market we've been in the red for much of the

so it will continue to be a good name to own this year. >> josh brown? at berkshire hathaway clearing about five months worth of congestion right now. i think it's a breakout. >> farmer jim? >> wynn resorts. it's been consolidating for two months and is breaking out right now. >> all right what do you got, amy >> vertex pharmaceutical stock has been on a strong trend. >> good stuff. thanks for watching. see you on "closing bell." "the exchange" is now. ♪ ♪ >>> hi, everybody. welcome to "the exchange" today. i'm kelly evans. here's what's ahead. sound the alarm, stocks back in the red. the declines are not huge, but the reasons why are troubling. a key economic i wouldindicator dropping to a three-year low we tell you whether we should officially start the countdown to recession as for the consumer, american express still sees

josh brown, do you have something new? [ laughter ] >> i'm going to long amazon. good help me >> thanks, everybody "the exchange" is now. ♪ ♪ >>> thank you very much, scott hi, everybody. i'm kelly evans. here's what is ahead on "the exchange." our market guest has some unique ways to find stocks on the upside and he's bullish on one reason in particular he think also drive upside. we have the details ahead. plus, the biggest standout with meta's results might be how much it beat on revenue guidance. we'll look at why with the stock up 14% and we're in the final countdown to the 2023 cnbc stock draft there's that music ten all-star teams picking their favorite stocks next hour. the seattle seahawks wide receiver metcalf will join me live this hour with how he plans to take home the trophy. we're seeing some considerable upside the dow up 336 at the highs, a 1% gain. the s&p back above 4100. and the nasdaq up almost 2% today. meta driving some of these both s&p and nasdaq gains after that beat and revenue guidance well above estimates. this is up 15% now the stock

we'll have the headlines there joining me for the hour today josh brown, bryn talkington, amy raskin,ve been in the red for the market a slew of weaker earnings, some economic data was a bit weaker, and you have wahler and mester speaking momentarily any headlines you need to know about, we

joining us to break it down, josh brown, kari firestone, joe terranova and jenny harrington our chart of the day, a bullish outlook on ai a major blow to the deal to buy activision blizzard microsoft shares are up nearly 8.5% this hour it feels like the street wants to rerate microsoft. does it deserve that, kari >> yes, melissa, it does this is a sigh of relief to start with, but, also, it was a better number than people were looking for, slightly better on the revenue and better on the cost side and they did some discipline margin improvement. the numbers, i think, were comforting ai is important for them, but that's not what they dwelled on on the call. if microsoft can continue during a period of time of softness in the software business and show numbers that are better than expectations, i think that's good for the market and it's a 6% weight in the s&p, and that means a lot. >> joe >> i think you have to have confidence that azure growth is going to re-accelerate, generative ai strong moment up there. collectively when you think of technology as a sector what does that do to glo

joining me for the hour josh brown, stephanie link and jason snipe.ets here just about at session lows the dow jones industrial average down about 0.4%. the nasdaq down more than a percent. the s&p 500 down just

please >> stay with what's working, united health care >> all right josh brown >>> breakout in progress on oracle >> okay. farmer jim >> steve and i grow on something, health care cvs. >> wow jenny? >> pioneer i love it. >> all right, guys see you in a couple. "the exchange" is now. ♪ ♪ >>> thank you very much, scott and gang i'm dominic chew in for kelly evans. here is what is ahead on "the exchange." the nasdaq, the big underperformer during this week, down about 2% or so. so we're asking, does the tech rally still have legs? sam lessen says yes, while our stock picker says some names are in "serious trouble. also, in that tech today, we're following that bipartisan group of lawmakers traveling to silicon valley to meet with executives about china the latest and what the group can realistically achieve. plus, there's this week's jobs data it came in weaker across the board, and now revisions are painting a far uglier picture that initially reported. we'll dig into that and what the fed needs to do. but first, let's start with today's market action on the last trading day of this holid

with the investment committee joining me right here we do have rob sechan, bryn talkington and josh brownis higher by near

joining us to break it down, josh brown, kari firestone, joe terranova and jenny harrington our chartlook on ai a major blow to the deal to buy

joining us on this friday josh brown, stephanie link, jason snipe, baruch. let's check the markets.are in the red across the board. a lot of the dow has lost, down 200, due to boeing and united health we will get into all

joining me for the hour everybody in the house here at the nys he, josh brown, stephanie link, jasonm lebenthal. let's check the markets. sara said we have a little bit of a sell-off. not much, though we are in the red, however, across the board do you have goldman, j&j, unitel

josh brown went to power, ashley barnes turned the ball in for a vital early advantage.this opportunity slip through theirfingers, hitting back through theirfingers, hitting back through conor roberts. his goal pretty to be vital in the game and their season. pretty to be vital in the game and theirseason. come pretty to be vital in the game and their season. come the final whistle, delight and relief. led by manager vincent kompany, it was mission complete. the travelling fans, very good friday indeed. jo currie, bbc news. burnley are up — who will go down? it's set to be another pivotal day in the premier league's relegation fight, with two of the bottom three playing as leicester host bournemouth. then, manchester city head to bottom side southampton, who are on their third manager this season. there've been 13 premier league managerial changes this season. city boss pep guardiola has no doubt why he's in a job so far. i will tell you the secret. winning games. if we don't wind games, i will be sacked. this is no secret. it is not because my hair is better than the ot