will yes, 2300 is flattered by the largest nasdaq stocks. if you're an index investor, you don't care the prices count the average stock is a good deal below its former high. st so obviously still unbalanced market one that is working right now. take a look here a little perspective of the run we've seen in recent years and when ned davis research calls the super seven stocks of the nasdaq and of the s&p 500. that is faang plus apple will and microsoft and tesla. the they now are tracking what this firm has put together as a composite of historical bubbles, the dow in 1929, nasdaq in 2000, nikkei in 1989 and gold in 1980. you see the synchronicity here all it means is that all these things equ things quadrupled in five years. i pushed back on this story that nasdaq is a bubble and pure speculation. they also are the most profitable companies in the market you do have to keep in mind how far we've come right here. what is interesting is if you only look at the nasdaq in 2000, the run we've seen recently doesn't come close to looking as if it

nasdaq, though, still higher. at this point, the nasdaq is on track for another record close.t, city homeowners making a rush for the suburbs since the coronavirus lockdown flipped the script on the housing market. the ceo of home builder tripoint group shares his insight with us in just a few moments. >>> don't miss fox business's latest america invests together virtual town hall. it will be wednesday at 2:00 p.m. eastern time. charles payne going to have barstool founder dave portnoy as his special guest. you can ask them a question, message fox business on facebook or instagram or send your questions to investedinyou@ foxbusiness.com. cheryl: you knew this was going to happen. breaking news. delta airlines now, after united airlines, has updated its ticket change fee policy. the airline just announcing it will extend waivers on change fees for newly purchased flights which includes international flights, which is different from what united's doing, and basic economy fares through the end of this year. united says they are going to do it permanently. delta says at the end of

s&p and nasdaq are on track for record closes today. as of now. not promising anything but i'm hopeful. we have right now 38 minutes to go until the bell rings. we also have some good news for uber today. the company's subscription service uber pass officially launched nationwide with the exception of california. uber pass which is now available in more than 200 cities is $25 a month and offers a 10% to 15% discount on uber rides. uber up 1.75%. >>> is your face mask getting in the way of you unlocking your iphone? yeah, it probably is. well, the big apple is facing off with the market's big apple on that very issue. the changes being called for in the name of safety for commuters. kristina partsinevelos is on the case when "countdown" returns. from fidelity. now you can trade stocks 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. ( ♪ ) ♪ i need it so bad don't call it a hobby. it's way more than just a job. this is how we live every single day. ca

the nasdaq up by 41. we are looking good right now. we will take all of this up with our floor show guys. >>> also coming up in just a few moments, we've got philadelphia fed president and ceo patrick parker who will sit down with edward lawrence to discuss his historic vote to change the fed's inflation policies. >>> the cleanup from hurricane laura in full force across the gulf coast as power companies work to turn the juice back on for folks down there. we are going to go live to lake charles, louisiana to get an update. >>> and the one company is helping some of the biggest corporations in the nation return to work from the coronavirus pandemic in a safe and touchless manner. we will introduce you to the ceo of envoy. this is a fox business exclusive. coming up, less than an hour to the closing bell and i'm cheryl casone in for liz claman. let's start "the claman countdown." cheryl: well, forget apple. forget samsung. it is pc makers that are popping higher this hour. hp reporting a 30% jump in laptop sales versus a year ago. incre

>> the nasdaq? gold no bitcoin.re than 6% this month nearly triple the nasdaq doubling gold's gains. bitcoin getting back on investors radar in a big way nearing 12,000 random but profitable for some, i guess. >>> back now to the broader markets and what has been an unstoppable stock. continuing to amaze. yesterday, the nasdaq peeking its head above 10,000. let's get to shawn amazing. i read that in the same sentence stocks are making records but cash levels are making records how can both things be true? >> i guess you could ask the same question why nasdaq and gold had the same performance over the last 12 months. some is defensive positioning. some think of that as representative of a lot of different companies. when you have the crowded position, technology is driving things that is a defensive position stocks going up. defenses, and cash also up that's what you are seeing >> everybody talks about all this cash at the sidelines i don't consider the bank a sideline it is a safe place the bulls will say if that, e

five was really the nasdaq one. but 23% of the weight of the s&p 500 index when momentum in those names has clearly slowed, we do think continued tension with china is the most likely catalyst for a pullback in those names. >> julien, i know this is nasdaq specific, but in terms of the s&p 500, you say it is not a bubble obviously everybody is entitled to their opinion but one thing i would point out in terms of market cap to gdp, you're talking about between 165 and 170% to gdp and the numerators continues to go higher and the denominator, which is gdp continues to go slower and how sustainable is that. that is the one thing warren buffett looked at as his indication of where the market is. >> there is no question that is a concern. and obviously when you think about the sort of the economic back drop, it makes it even more important that the reopening of the economy that we're expecting in the fall and going into early next year, is a success. and clearly a lot of the stocks and particularly in recent days the val

the nasdaq better by 36, high of the session for the nasdaq a gain of 150. >>> autonomous car startupked by peter thiel, it's just the latest car company to announce it's going public. they are merging with blank check or so-called spac company gores metropolis in a $3.4 billion deal and will trade on the nasdaq under lazr when the deal eventually closes. >>> also on the docket to go public via a spac merger, electric vehicle membership only canoe. how does it differ from the several others that have announced their plans to go public? a first on fox business with the two ceos at the helm of the venture when "the claman countdown" returns. there is a waitlist for these canoes. i'm hector. i'm a delivery operations manager in san diego, california. we were one of the first stations to pilot a fleet of electric vehicles. we're striving to deliver a package with zero emissions into the air. i feel really proud of the impact that has on the environment. we have two daughters and i want to do everything i can to protect the environment so hopefully they can have a great future. liz: if a s

same with the nasdaq. it's night two, speaking of politics, of the republican national convention, set to kick off this evening. tonight's headliner, first lady melania trump, who is expected to speak a little after 10:30 p.m. eastern time. and also on the schedule, secretary of state mike pompeo, kentucky republican senator rand paul and covington high school student nicholas stanton. he sued "the washington post" after being portrayed as the instigator of this viral 2019 confrontation in washington, d.c. to hillary vaughn live from lafayette square in d.c. hillary, the focus of tonight, what do you expect it will be? what are you hearing? reporter: we are expecting to hear a lot about the economy. that's because when you look at the lineup of speakers tonight, a lot of them are going to speak on those economic issues but last night, the main takeaway from republicans speaking at the convention to voters, your safety and also your wallet is on the ballot. >> now joe biden wants to come for your pocketbook

nasdaq looking to open lower by 35 points whether we close in or not on the nasdaq and the s&p 500 off about six points >>> uconn canceling the football season making it the first sbf team to opt out. going to jabari young, sports reporter for nbc so much going on the nfl optout deadline. major league baseball sending out a memo as it tries to keep its season a fleet your beat is busy as ever. >> welcome to coronavirus sports related. this is how it is. no vaccine people are calling for sports to get back there is no skipping around it you can't sugar coat it. i think uconn has opened the dam. looking at college football. talking to a lot of people you get the feeling uconn has set the bar and other big time programs will follow how can you go forward with the season with kids in a public setting. what happens if a kid contracts the virus. long-term, what does that do i'm not sure the ncaa wants to see that risk. i think uconn set the bar. we'll see who else follows >> i mention the nfl deadline today. what do you expect between now and the deadline >> talking to people and agents arou

the nasdaq is up 33, s&p up 17. to get the july adp report, we'll get a good window into what the situation is with jobs in the middle of the pandemic, after the dow, nasdaq and s&p 500 ended the day higher yesterday. the nasdaq was up 38, s&p up 12 points. we will get that adp jobs number in about 45 minutes. the nasdaq yesterday hitting another record close, extending its winning streak to five days. momentum is with tech, that's for sure. global markets also with a firmer tone, european indices are higher across the board. fq100 up 61, cac in paris up 40, dax index in germany up 97 points. business in the u.k. growing at the fastest pace in five years, the purchasing manager's index coming in at a level of 57. asia overnight markets were mostly high wear the exception of japan. kospi was up 1 and-a-half percent. president trump's campaign is suing the state of nevada over its mail-in ballot plan. cheryl casone with more details on that. cheryl: the trump campaign and republican national committee filed the lawsui

nasdaq above 11,000 for the first time ever.2% off its march lows on pace for the rise and trillions more gold continues to stay above $2,000 on an inflation basis, gold was higher in 1980, briefly. since nobody remembers that, i won't mention it gold is at $2,069 an ounce on track for the ninth positive week in a row. that is the first nine-week win streak since may 2006. >> every friday, we show you the company's whose executives are dipping into their own cash, buying their own stock down from five to one. naviet, ceo buying $360,000. number four, quidel is an interesting buy because the stock isn't down it has doubled the company makes covid tests. buying into extreme strength not weakness no doubt a stock to watch in the days and weeks ahead f5 networks. number two, iqvia. who is this? the former testing company, quinn tiles merged and renamed and the company with the most insider buying this week is e health the ceo spending $3.6 million to buy 50,000 shares of this company. his first insider buy in four years. reminder, w

yes, look at the nasdaq, up 175. but scott just mentioned, you know, when the storms come, yes, we have hurricane laura approaching landfall. it has now intensified to a category 4 storm. with just hours left before it hits the louisiana and texas borders, we will take you live there to jeff flock in port arthur, texas. he's got the latest on preparations residents and businesses are making. we'll be right back. rests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. i'm a verizon engineer, and i'm part of the team building the most powerful 5g experience for america. it's 5g ultra wideband, and it's already available in parts of select cities. like los angeles and in new york city. and it's rolling out in cities around the country. with massive capacity, it's like an eight lane highway compared to a two lane dirt road. 25x faster than today's 4g networks. in fact, it's the fastest 5g in the world. from the networ

>> the s&p and the nasdaq close at fresh highs. larry kudlow praises the market at the national convention. hurricane laura nears the u.s. gulf coast. there are fears the storm could drive 30 miles inland causing massive damage. more stimulus. france intends to present a 100 billion euro plan. and germany extending it until 2021. good morning. incremental news around trade and the coronavirus is helping some of these assets continue to trade to the upside. he stoxx 00, up .6%. u.s. yields are 70 basis points, a little bit has changed there. looking ahead to the five-year option of $51 billion. then the australians were able to sell $21 billion aussie dollars smashing records. folks at jpmorgan morgan say we could see 100 if shinzo abe bow out. w.t.i., this is a five-month high. remember that the hurricane is likely to hit some of america's largest oil refineries which would imply a shut down for months. $18 billion in potential damages. coming up, trading the -- from the economy for the first time. european exchange traded funds ar

it is true, the nasdaq goes into a market high.f you look at the breadth of the market, stocks and markets around the world fewer than half are above the 50-day or 200-day averages that is not a sign of broad-based event. earnings yields have gotten new lows those markets have valued again if we don't see that confirmation come through broadly. we'll be vulnerable to another set back we've called this a secular bull market a lot of doubts have entered the picture as to whether or not this secular bull driven by the inflation theme and massive amounts of liquidity we have had an impact in the past so far, this remains a big question mark. as your graphic showed, the nasdaq is at a record high if you look from the high in january 2018 we actually still have a negative return which is more symptomatic of a bear market >> one place we have seen this is in the precious metal's market is it just because of that or other reasons why the precious medal could continue with its run? >> that's right. we turn bullish in 2019 in terms of gold.

the nasdaq soaringtoday. health care consumer and discretionary higher today vice chair afirms a low rate policy even if unemployment starts to fall and split stocks apple and tesla rallying apple up 5% today. tesla up 10% today tesla is now surpassed j & j and visa to become the seventh most valuable company in the united states 59 minutes until august is in the books. we're waiting for a record close for the nasdaq possibly another one for the s&p 500 though just negative as we stand >> welcome back, wilfred good to have you back here coming up, delta's ceo ed bastian joins us with the thoughts of the latest industry. and of course his response to united's move today to eliminate change fees. we'll also speak with mohammed el-erian about texceptional mont for the bulls. we're looking to cap off a 7% up month for august the work from home winner zoom reports earnings after today's close. that stock is up nearly 500% on the year can it keep up the furious pace? let's get straight to the big stories we're watc

probably the next 10%, even the nasdaq. she makes a point that tech stocks are still probably the best place to be in equity markets, and i would not disagree. i think the comparison is of golden treasuries. they have underperformed because the global economy is dipping. it's one of the worst. haven assets, like treasury and gold are doing well. there are a lot of risks, which further support the gold trade. he thinks there will be a decline on the nasdaq 10% to the downside, not to the upside. that we are still dealing with the coronavirus outbreak grade we have seen that help these technology stocks. until that is under control, doesn't that just mean more fuel to the fire for the tech sector? mark: i think there is an argument that tech could underperform. but we have been an environment where tech was getting a massive boost into an environment where all stocks were marked down priced cheaply. tech should not be suffering so much. therefore, tech started surging. though we have moved on five months since those march low

it's the nasdaq that's still down just under two points. any gain, even a fraction, will be the 30th record close of the year. all units except north america saw sales declines in hard seltzer. net sales slipping for the world's biggest liquor maker, diagio. even so, hard seltzer is absolutely the new growth battle front for the entire spirit sector. up next, what anheuser busch north america ceo on the new seltzer he's got coming out and what he thinks of his newest competition from the biggest name in pop. the ceo is joining us next. ta-da! did you know liberty mutual customizes your car insurance so you only pay for what you need? i should get a quote. do it. only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ ♪ ♪ ♪ ♪ ♪ ♪ liz: coca-cola, the latest beverage company to jump into the hard seltzer game. coke is up .33% right now. coke is going to launch topo chico hard seltzer in select latin american cities later this year. the company calls it an experimental entry into an industry that bank of america says is a breakthrou

just to mention here, with the dow up 68 points, and the nasdaq, the number to watch for the nasdaq, we need to see a gain of 64 points for the nasdaq and right now, we are up 119. that would be a new record, larry shover. it is tempting to think it will just continue to go higher, let me buy some of the expensive plays such as apple or perhaps tesla. how do you play the gorgeous white swans later on down the line? >> they are black swans now but yeah, i think another component, phil added value, return on equity is definitely one, earnings per share, dividend yield, all those things make sense. there is also an emotional component. a stock like carnival cruise line, $15 a share, down 75%. will it ever recover? i just don't think we have, we can even fathom what it's like when we definitely will have a vaccine. is there pent-up demand? i think there is. i cannot wait to go back on a cruise. it's something i love to do. generation x loves to go on cruises. there's also an emotional component. i could talk about british petroleum and also gm and there's emotion to gm, too. people think

look at the nasdaq, still up about 30 points.are seeing a gain there, that's not a record for the nas just yet but we are watching it. >>> bank of america, a believer. with the closing bell ringing in 41 minutes, b of a reiterating its buy rating on umbrella academy streamer netflix after july checks on churn rate and trial interest came up sunny. no umbrella needed. despite the rotation lately out of tech's high flyers, netflix is moving higher by 1.5% right now. >>> streaming of course, we have been telling you guys this, a pandemic winner. but a lockdown on live entertainment has brought the recording industry to a screeching halt. the recording academy, the organization behind the grammys, now bringing its fight for the people behind music's biggest hits to capitol hill. the man leading the charge, the recording association ceo harvey mason, joins us next in a "countdown" exclusive. wait until you hear how he's advocating for musicians. introducing stocks by the slice from fidelity. now you can trade stocks and etfs for any a

the main nasdaq 100 qqq index on the day.equal weighted average stock in s&p 500 measured by rsp, slightly down in the day again, very lumpy performance. take a look at the volatility index. this was down earlier below 22 it's now popping seems as if the market has gotten jumpy here even if it is to the upside. sometimes it does feed through to a higher level of volatility, people paying more for options and bracing for a little more choppiness, guys. >> we are certainly watching that with a minute to go before the clothes. stocks steadily gained steam into the close, s&p and nasdaq near the highs, hovering there for most of the afternoon session. looks like there will be another record close for the s&p 500 after notching several intraday trading records there, 36 s&p stocks have hit new intraday records today. the nasdaq is also on track to close for a higher fifth straight day the dow is less than 1% away from going positive year-to-date, communication services and tech the best performers, energy and utilities are the wor

the nasdaq up about 48 points as you can see but the nasdaq composite overall over the last two days has seen some of that positivity posting a 1.5% gain with the help of blowout quarterly numbers from amazon.com, facebook as well the latter coming off of a gain of 10 peculiar on friday for the best one day performance since march 13th of 2020 you can see apple shares over the last couple of days in the green. the major averages coming off their fourth straight months of gains. the s&p 500 seeing it's best july since 2010. you can see here 20% gains for the dow industrials. 26% gains for the s&p and the nasdaq up 40% just over that span alone now in yields they continue to hover near historic lows ticking slightly higher to 54 basis points or .54% ten year note yields around 11 basis points and the 30 yearlong bond on that trade and gold continuing it's historic run coming off yet another all time settling high on friday up more than 9% just in july. it's best monthly gain since 2016 and seeing it's first five month win streak since 2010. but that pales in comparison to what's happen

as you pointed out the nasdaq 100 is the best performing index this year.have been exploding essentially. we can look at the history of volumes options traded in the united states it's gone up 50% in the last three years and also a big increase in the interest enter trading in volatility strategies opini strategies it's easy enough to see how much the market is moving around but these products tell us how much the markets anticipate it'll move around. when you involve yourself the way money is made and lost is the difference between those two. volq tracks the nasdaq 100 there's a big difference in the way these are calculated the vik, absecure to understand because you have to look at a waited strips of options that expires 30 days from now but the way most traders look at implied volatility they look at options at the money so this will be continuously looking at options from the day you look at them but it's at the options you're looking at the first two out of the call strikes and put strickes are th way to look at this. that makes sense to people as we

s&p 500 up .3% nasdaq is down 0.4%.t rotation that we saw on friday continues today out of the tech stocks into more of the value names as we've been discussing that means the russell 2,000 is higher as well by a full 1%. energy and industrials, the clear winners up 3% and 2.5% respectively communication services and technology bottom of the file. as the bell goes, we're higher on the dow by 1.3% s&p 500 up .25%. nasdaq down 0.4% >> take a look at how we finished up the day on wall street higher the dow up 359 points. they had the biggest gains because of outside influence from big heavy market cap names like boeing and caterpillar. s&p 500 up about .3% the energy and industrials, materials leading the charge there. you see we're a little under 1% what we do for an s&p 500 record nasdaq, closing down technology lagged .3%. coming up this hour, quite a business to be in during the age of covid-19. shares of clorox up 50% this year we're going to talk to the ceo about the consumer demand for his product in a few minutes a

you can see the s&p higher by 4 points and the nasdaq rarely an underperformer now you can see implied open lower by 16 points now this is coming after solid gains for the major indices last week more on that in one moment here. turning to the bond market as well, the yield on the benchmark ten year government note or just around 56 basis points the two year note yield about 13 basis points and the 30 yearlong bond a hair below 1.24% or 124 basis points taking a quick look at the price of gold as well, remember, hovering around the record highs. that key one to watch, the last trade there, gold futures up about three quarters of 1% let's go worldwide karen is in london in the newsroom what can you tell us about the trading there. >> seeing those u.s. futures pair some of their gains in early trade has been fairly significant for the european markets in the early start of this session we saw nearly 1% and that's translated to just over .1%. positivity on the german stock market has given away to losses by a quarter of a percent. this is also unusual where the german stock market is typi

nasdaq closing at new record highs. your next guest says history offers investors some clues on this market and where it may be headed next. bill stone, as a former investor advisor, i would caution >> i think when you look at all of the large selloffs and rebounds in the post world war 2 rm era. higher a year after that at least good resident coming off the bottom i will offset that a bit saying particularly when you get these very strong returns at the beginning, you'll see the base of gains slow. i think that's another thing to keep in mind that these may get harder to come by. >> talking about these recoveries and coming back into question about the markets what is the outlook and what does the data tell you >> it is a bit mixed we have a loss of momentum with the rise in cases but we've booked five straight weeks of better week over week numbers on the data in the u.s. europe is struggling with that it takes time for data to pick up again for that to show up i think you you are going to see some better glimpses of

the nasdaq and the s&p hitting fresh all-time highs with the dow turning positive for the year all thisfter the fed made a major policy shift essentially saying they're going to allow inflation to kind offe run hotte than normal to help the market tony zhang says there's only one stock that could be a big winner from this. who is it? >> i want to take a look at morgan stanley because of this tick pickup in rates on the long end of the curve it's one of the strongest out of the major banks from a relative strength perspective, easily outperforming the sector since the beginning of march if you couple that with the recent triple top here at 53 and the triangle formation we currently have, i think the stock is primed for a breakout above that $53 level th with the strong capital ratios they have, the really only major headwind they have here is interest rates by looking at the rate curve, the recent uptick and the fed policy this week, that's driven the long end of the curve substantially higher while the fed policy is keeping the short end of the curve basically near zero the trade setup

nasdaq up 67 and s&p 34. rioters setting fires and smashing windows calling for justice days after a black man is shot by police. marco making landfall, hit the u.s. with less force than previously thought. the real threat from tropical storm laura looming in the gulf. tiktok suing trump administration over proposed ban insisting it's not a threat to national security. saving american farmers. one famous man coming to the city's defense. mornings with maria live right now. european markets in the green take a look. cac quarante is up 36 and dax index in germany higher by 89 points. overnight, mixed story in asia. take a look, trade representative lighthizer spoke with official. republicans striking optimistic tone on night one of national convention. the gop formally nominating with in-person roll call in charlotte, north carolina allowing 6 delegates from each state. >> four more years! >> you're incredible warriors, you have incredible win. we have to win. this is the most important election in the history

levels the nasdaq coming off another record breaking session coming off the 40th intraterm high andecord close of the year on pace for the first four-week win streak since early january nasdaq 26% technology inking out a gain and hitting an all-time record high two stocks on our radar this morning. first, tesla closing up the $2,000 per share mark ever you can see that up another 2% $2,041 apple surpassing the market cap closed out for the first time ever at $2.722 trillion. up trading today let's go worldwide in the lochb done news room from europe and asia good morning >> european equities starting higher but the steam quickly came out of the rally the pmi data not good. the services sector reading also missed on expectations germany data as well wasn't as bad both seen a record spike since t the lifting of the lockdown. travel sector is a surprising area of strength shares of companies like easy jet and tui trading higher despite the uk adjusting his quarantine list. travelers from croatia, trinidad and tobago join those from spain. wrapping it all together, the european trading

it's not out yet but it will be soon we're talking about the nasdaq 100 volatility index they're goingffering futures on this subsequent to that there's going to be options trading on them. even if you don't happen to trade these products, the contracts multiplier on these futures is going to be about a thousand this matters a lot as you pointed out, the nasdaq 100 is the year's best performing index the volumes of options have essentially been exploding we can take a look at the history of options volumes traded on the list of exchanges in the united states it's gone up 50% over the course of the last three years. there's also been a big increase in the interest in trading in volatility strategies. volatility strategies, it's easy enough for people who buy and sell stocks to see how much the market is moving around. these volatility products tell us how much the options market anticipate that it will move around the way money is made and lost is the difference between those two. i see this as a good complement to the vix this is broadly known as a fear index which tracks volatility on

higher take a look the dow down 80 points 4:00 on wall street nasdaq up 30 s&p lower by 7 dow, nasdaql apple being sued after pulling popular game for the newt off app story find out what sparked the fight "ask maria" time to turn tables ask me questions time left to get your questions in "mornings with maria" is live right now. maria: global markets are mostly lower european markets closing out week with some pressure take a look, quarantine rules from uk, uk added france netherlands malta to quarantine list if you come from those countries you got a quarantine for 14 days ft 100 down 59 cac quarante down 88 dax lower by 124, markets mixed in racial, are signs that china economic recovery, has stumbled july retail sales down 1.1% economists expecting gain of a tenth of a percent in china shanghai composite up better than 1% joining the conversation dagen mcdowell, brian brenberg interesting topics story lines this morning guys if. >> good morning, maria. sorry to lose my mind over here, but -- makes me really mad -- stay tuned maybe i will have something else to say. >> dagen i was t

holding out the s&p 5001% from the high and nasdaq with its record run boosting elon musks net worth along the way. senate republicans laying out a new plan to save the stimulus negotiations but it may not be enough for democrats taking on microsoft. a new emerging of a possible buyer of tiktok. more challenges for boeing as it continues to deal with the fallout from the pandemic and the 737 max woes it is tuesday august 18 and this is "worldwide exchange." ♪ >> good morning. good afternoon good evening perhaps that song will get you, you know, jumping. why not? global markets are setting up their tuesdays stock futures slightly higher right now. they are in the green investor focus on the dow remains on the s&p 500 a half a percent from the all-time record high if you are counting at home, any close above 3386.15 would be a record close stop us if you've heard this one before one area not waiting around is technology the nasdaq pushing to a record high the 37th high of the year and 33rd record close of 2020. once again leading technology, tesla. another record high. by the way, also

it ended with new records for the s&p 500 and the nasdaq, check out this nasdaq, up 86 points, threeuarters of a percent, s&p 500 up 12 points at 34, 43, unchartered territory. violence erupting in wisconsin for a third night in a row, the gun battle in the streets leaving two people dead. we've got the latest. hurricane laura a category 2 storm, it is gaining strength, barreling towards texas and louisiana. we'll take you live to the gulf coast this morning. how far did it go? new details in mcdonald's investigation into steve easterbrook, examining if he and other employees covered up misconduct. peloton ready for the ipo, giving investors a look at its finances. finding your happy place, the surprising spot more americans are going to relax. "mornings with maria" is live right now. european markets this morning are mixed, take a look at the fq100, down 9 points, the cac is up 8, the dax in germany up 60 right now, about one half of 1%. in asia overnight markets were split, take a look at the numbers, despite renewed u.s.-china trade talks and some hope over a potential coronavirus

s&p lower by about two points, the nasdaq off by about six. monitor day for the nasdaq yesterday. coming off fresh all-time highs. the dow did end higher yesterday and is now less than 1% away from the break even level for 2020 that is 28,539 digging deeper, it is not just the big names keeping the rally alive. looking at the semiconductors, both of those coming off intraday all-time highs. up more than 2% this week alone. cloud computing getting a boost. three etfs tracking the space. coming off the fresh high with a huge move, a massive move. salesforce goes into the dow next week. that stock higher by 26% for its second best day ever they are down 1% pre-market. we have to go back to the ipo in 2004 where it gained 66% in a day. the number of items on the radar this morning, including fed chair giving a speech later today discussing the policy framework and how it will shift its approach towards inflation after years of falling towards the 2% level on the data front, a busy day with jobless claims and pending home sales and real q 2 gdp. a lot of data on tap fed speakers this w

the nasdaq hitting a high on easing concerns about the recovery. apple and tesla offsetting a slide for energy and banks. the u.s. and china may start talking trade again. beijing says the phase one progress review should happen soon. alibaba offered more signs of china's strengthening rebound. shares jumped last quarter. the company says it is no threat to national security. let's take a look at our final friday session in asia. sophie kamaruddin is half in hong kong. green for are seeing asian futures on friday, this after the wobble we saw. we are keeping an eye on names like panasonic. we are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. torall, we could be looking end the week on a risk on note. watching the terminal, we are looking to see if asia will track. joint the slot punch -- joins the slump on softer chip prices. with that risk, the big jump in taiwan's july export orders may be too backwards looking. offer a more timely check. on the tech front, alibaba

the nasdaq hits a new record close again despite geopolitical tensions.ou really have more of the same. tech outperforms. one jobless claims around million. rates grinding ever lower. still fears surrounding the coronavirus. it feels as though this market just has a complete disregard for warnings coming from the fed, warnings from u.s.-china relations? and rates refuse to go up tech outperforms. you can have a situation where value outperforms. we saw that briefly in june. or you could have a market that actually goes down. that does not seem to have. instead, we go back into this one very specific group of mediocre growth. caroline: at the beginning of trade, we were a bit worried. we saw the reading on the philly fed. the ceos being asked the key question of caution. ofare looking at a blue line what is current outlook. in six months, may be a little bit of an improvement. it looked pretty dire. it was a mess. bloomberge had the consumer comfort index data came out. one of the folks that works behind the scenes here, dan curtis, pointed this out. you l

it's an amalgamation of so many banks. >> it's the nasdaq -- the nasdaq is falling apart >> the nasdaqs falling apart well, given the broader market but it doesn't seem to last long, jim. everybody seems to come back like in a few days >> they do it usually takes three days. what are we in day three >> tomorrow's a buy? >> well, you have to look at the sorrentos and the novavaxes of the world. you have to watch disney which is a hybrid but if that starts going down, you'll start seeing money back in tech i don't think it's sustainable -- >> but it's an ugly rotation right now. >> it's a hideous rotation people at home have to recognize it's not like you own companies who are bad. you own companies whose stocks got up high. and people believe that next year is better than this year. whether it's the airlines. and the cruise, i thought it was amazing, royal caribbean yet, the cruise reservations are the same that they were typically. >> right >> at the same time, look, growth, david is right they always do come back to service now. >> and they always do come back to paypal. >> yes, they

the nasdaq set for another record the dow is higher by 0.7% today. three major averages for the week as a whole is the lagger just in positive territory for the week up six basis points the nasdaq is up 2.7% for the week in term of the sector performance today, technology leads the charge as so often it does consumer staples and industrials and discretionary higher as well energy, materials and financials at the bottom of the pile for the week energy and banks the worst performers the dollar up about .5%. the euro weak today after the pmis showed clear differential uk is relatively strong. at the close, s&p 500 up 0.4%. record closing high for the s&p 500. nasdaq also a record closing high up 0.5%. dow leads the charge today >> welcome to "closing bell. the dow up is 200 points near the highs of the day. still a couple thousand points away from the record close the s&p 500 and the nasdaq both notching new records the s&p 500 up 11 points to 3397 the nasdaq up 47 points. the russell 2000 in the red for yet another day. closing down about 12 points com

the nasdaq, the worst performer is still that, down 1.23%. of apple now down 2.5% you still have financials holding on to a decent gain. banks up 2.7%. that is half the own gains in the last 10 or 15 minutes. three sectors now are higher no clear trigger for in necessarily. it was certainly a sudden moment that last leg down >> it was. the context is the biggest leading stocks of this entire rally had been on their heels all day. so you're kind of fighting a bit of a head wind if you're trying to get the s&p 500 back up to those highs. and obviously takes a lot of energy to do so. kind of faded beyond that point. there also are a lot of very winning trades t gold is down a lot. silver is down a lot treasury yields up significantly. therefore, big selloff in treasuries or at least were most of the day so there is a lot of churn in the areas that have led the most it simply a reminder that not everything is perfect and blue skies and let's go to new highs for no reason. so all that in the mix for what seems to have gotten the market into a poin

the dow is looking to add 169 points the nasdaq looking higher by about 23 points.the 10-year yield. we hit the highest level since june

nasdaq though not able to turn it around. we're still down 49 points.he rotation out of tech throwing a little bit of hazard into the nearly unstoppable nasdaq road. where should you be investing right now? throughout the show we've been telling you a lot about the china situation, the alarming developments in the last 24 hours. the relations between the u.s. and china getting more fractious as we finish the day, but our "countdown" closer says asian emerging markets are still where it's at. china is still the reining sleeping giant of the region. to the third cio. john, good to see you or hear you, john. which airs of emerging asia you really like right now? >> i think, liz, first of all thanks for having me on. i think you have to like china themes. china is driving the region. if you think about it a post-covid thing. they're probably, that region is closer to exit than maybe the west is and then on top of it you have got a dollar trade that seems to be favorable. you can see that in gold and other things that are percolating these days. if you have

record dloez for the nasdaq.ou know, somewhat hard to believe again given just how much pain and suffering there is out there economically with millions on unemployment and with small businesses closing by the thousands if not hundreds of thousands. if you look at the stock market and housing which are both booming and both, you know, at record highs, typically, those can be leading indicators of the overall economy. do you think that's the story here or are those just being disconnected because of the haves and have notes in this economy? >> i think they are leading indicators directionally i think the stock market is probably an exaggerated version of how good things might get simply because you have these huge dominant companies that have been stress tested about i this massive shock and came out of it looking fine, thanks in if large part to the cushion that was placed under the economy and the credit markets by the fed and fiscal response. i think you had this model of, wow, if i'm an equity investor and saw

but that doesn't even come close to the nasdaq which is up a staggering -- the nasdaq 100 up 32% thisat hats off to jay powell and steve mnuchin, six months ago working very quickly to get a lot of stimulus from the treasury and the fed. i think it's a little bit bittersweet because the economy clearly is not clicking on all cylinders. so i think that as we go into the end of the year, we really need to continue to see earnings growth and we need to get some more stimulus and support because obviously it's very bittersweet because there's been so much pain in the economy still. maria: yes. so do you think turns up end of the year? >> sure. i mean, well, i think that's election bias. so we'll see. right now the market hitting all-time high is i think clearly showing a trump victory. but as you see earnings recover, deere had earnings today that, were really strong. so i think yes, we continue to go higher. things could change. maria: tesla stock meanwhile soaring, it's pushing the company's market value past walmart, rebecca. the car maker valued at $372 billion. the retail giant had $

nasdaq just lower as we stand. friday was negative for the nasdaq, just positive for the s&p.the dow. we had a strong rally for the final couple of hours that took the s&p positive just about by friday's close president trump took the controversial step over the weekend of signing executive orders in an attempt to sign executive orders eamon javers has what this means. >> reporter: it's leading to a little bit of confusion because the president doesn't have the authority congress has what he's doing here is as much as he can within his sort of limited set of authorities within the federal government to try to help work jeers and peope across the country and work around the negotiations with democrats. three highlights of what he did in these executive memoranda and orders one is the payroll tax pause this is an interesting one it doesn't eliminate the payroll talks, it just pauses the collection of it between september 1st and the end of the year that's going to force employers and employees to make some real decisions now about how they move forward with the payroll tax burde

nasdaq futures down 25 and the s&p down 8 points.rs wait on federal reserve today, fed chair jay powell's speech and latest reading on jobless claims along with gdp out to move markets. s&p and nasdaq hit record highs yesterday. momentum will not quit. yesterday the nasdaq up almost 20 points. almost 2%. dow industrials up 83 points, nasdaq up 198 and s&p up 35 points at 4:00 o'clock on wall street. global markets this morning red across the board. take a look at european indices, cac quarante down 37 and dax lower by 56. in asia overnight, markets were mostly lower. shanghai composite with a fractional gain, but the others down as you can see. meanwhile this, sales force announcing layoffs this morning one day after reporting record sales, cheryl casone with the details. cheryl: that's right, maria, good morning, it is we -- reallocating resources. a thousand sales force employees are affected by these cuts, about 2% to have workforce. employees have 60 days to find a new role in the company so for shares, jumped more than 26% yeste

liz: folks, normally we would say keep your eye on the nasdaq or the s&p. all three of them charging ahead. here is a fox business alert. a profit surprise is leading our pop stocks. abercrombie & fitch back in fashion, down more than 29% year to date, hitting an 11-week high intraday after reporting a 56% digital sales surge in the second quarter, driven by demand for, you guessed it, lockdown loungewear. shares up as much as 18.6% earlier, pared back but up 7.8%. i got to have you look at beyond meat. it is doing the quote, impossible. the faux meat maker going digital, offering its plant-based alternatives including its beyond beef and sausage patties directly to vegan shoppers online. the stock is up 6.33% right now. the move comes three months after rival impossible foods entered the direct-to-consumer market. a beneficiary of the pandemic food stockpiling, yeah, that's been the name here. right now, we are looking at $133.42 a share for beyond. it's added to a 66% gain since january 1st. >>> abbott labs, we have be talking all week about abbott. it's

it would be the 1st time for a company of such size not to be present on wall street or nasdaq which could further intensify tensions between the u.s. and china. our financial correspondent joins us now from frankfurt only the obvious question why is financial foregoing a listing in the u.s. . because it's an answer that's political being viewed from the other perspective from the one that you just mentioned listing in the united states my tag and i was the beijing leadership and saw jack ma the alibaba group chief and of course also responsible for and is considered here in the market to have that as its primary criterion and not looking at perhaps the extra dollar that can be earned and that can be taken in by having the listing on the nasdaq the nasdaq or any other us market would of course read more money but he can't afford to lose the support of the chinese leadership and that's really the only driving force behind this move people in the market think. and in a further swipe at a china president did say that he was going to offer incentives for american firms to move out of chi

in the form of the nasdaq 100.sm has rolled around through asian markets to the continent here. we see, in terms of european futures, gains on the dax and the cac, as well as the ibex, the ftse, etc. not huge gains, but we are 0.$%.g at 0.2 to only -- 0.4%. only in the u.k. do we see futures down. anna anna: -- anna? anna: we do have a stronger pound, but also a slightly stronger euro. let's look at those u.s. futures come up about 0.2% on the nasdaq. how overstretched is that rally in tech stocks, or not, in your view? the push and pull daily of these markets. tech stocks, optimism around growth leading us higher, along with hopes around a vaccine in the lastly four hours. on the other side, -- last 24 hours. on the others, we have the data theof the u.s. and resurgence of the virus in europe never far from our minds. minutes away from the open. up next, we will get your stocks to watch, including bayer. they will pay billions of dollars to halt lawsuits related to a contraceptive. this is bloomberg. ♪ ♪ anna: wel

nasdaq up by 1%.ill a little way off the required level for a record close 3386 the number needed on the s&p 500. up next, more mcdrama. the mcdonald's ceo steve easterbrook is rpoinesndg to the call back of his sefrns pay. those details after the break. i see an unbelievable opportunity. i see best-in-class platforms and education. i see award-winning service, and a trade desk full of experts, available to answer your toughest questions. and i see it with zero commissions on online trades. i like what you're seeing. it's beautiful, isn't it? yeah. td ameritrade now offers zero commissions on online trades. ♪ >>> new developments in the bombshell lawsuit brought against mcdonald against steve easterbrook. he granted one employee stock options and conspired to keep evidence of the relationships secret he is not denying the existence of the relationships they filed a meritless and misleading lawsuit in the wrong forum. they argue that mcdonald's has not received any new information since the board offer

nasdaq at 11,000 right now. stay tuned.is next. >> stocks surging into the close top white house officials resuming negotiations with the democrats on capitol hill. we're watching it all. good to be back with you. i'm connell mcshane. jackie: i'm jackie deangelis in for melissa francis. this is "after the bell." this is the third consecutive close for the nasdaq. that mark its 31st record close of the year. that is the amount of total record closes for the index for all of last year. apple, closing at a new record

the nasdaq up 22%.ormous, almost 20 percentage points so far this year kroo also enormous because tech names have become everything to everybody, looking for growth, go to tech, looking for defensive go to tech why? strong balance sheets my own view is we've come a very long way. i like the themes, but i i don't like the valuations maria i said to you two to three weeks ago we've basically stayed flat since then except for nasdaq so i have been wrong on nasdaq, but i like the themes, a little bit worried about where valuation have gone. >> valuations keep going higher with some tech names look at apple hitting he i i mean talking about two trillion dollars very close to it. is technology getting ahead of itself? >> is to i like technology -- let me just be clear technology has four attributes you want because they translate into resiliency, they have very strong balance sheets, they are positive cash throw even in this economy. they have good management and the world is coming to them both during the sh