shapiro from nvidia. >> 1776. >> yes, sir. >> what is it? >> it's a global start-up incubator based right here in washington, d.c. and in san francisco. e're focused on startups and tackling major challenges like energy and economy and health care and education. these are subjects that are disrupting all the focus on the economy. our focus at 1776 is to make sure they're getting on the right connections, with policy makers here on the hill and media attention as with well. all they need to grow the companies. >> when you use the word incubator, gow -- do you mean you are a funder? >> we do have a separate venture fund. but we provide a whole other mix of services for the companies. and certainly we invest in world-changing companies. >> so if somebody had an idea, could they google help-me type things and 1776 would crop up? is that how it works? >> well, we're very unique in the sense that we focus ond highy regulated sectors. these are companies that are touching government in some fashion so we have companies literally all over the world

and the company is called nvidia. when you think about everything that's happening over the next three to five years in virtual reality, augmented reality, what's going on with video games and pokemon go and beyond that, what's happening with beta centers. nvidia's graphical processing unit chips are involved in every one of these stories and not just involved, creating what the future looks like. this stock has been on an absolute tear. >> yes it has. the stock is $1 away from its 52-week high as we speak. >> as is amazon, facebook -- >> the low is $19 -- >> because only very smart investors know what's going on here. we don't talk about the stock enough on the air. they are involved in everything. when you talk about creating virtual worlds, what you really need are incredible graphics and you need deep learning, ai that teaches itself on the job. in these environments and this company's platform, pascal and the new chips at titan will be the building blocks. this company could be the intel of ai and verch wirtual r

why does nvidia keep going higher? how about dupont, the 2% grower i talked about off the top. why is wall street loving dupont's 2%? simple. the chatter is the company would have no growth at all if it were still run by ellen coleman, ceo before ed breen replaced here. dupont has amazing growth people almost gave up on especially agriculture. how? same as united tech and texas instrument. better seeds which leads to more market share and better sales. i keep salivating over what will happen after the dow and dupont merger finishes. remember, they just voted on it. going to be creating the world's largest seed company. it's the rest of the businesses, industrial businesses better than dupont. i guess dupont did have all the fat that nelson peltz said there was during his failed proxy fight to join the board and engage shareholder who got this one right. some can miss numbers and still be rewarded. las vegas sans failed to beat the estimates. no one cared because ceo sheldon addelson gave us some hope. he said, i quote, "the operating environment and macau remained challenged in

nvidia one of the big movers today, nvidia, amazon, comcast among the stocks that have helped lead this movement up so far this year on the nasdaq. big stocks hitting all-time highs. back to you guys. >> thank you, bertha coombs. kimberly clark shutting down operations in venezuela due to a slumping economy which has created significant consumer inflation as well as good shortages in the country. shares higher by just 2%. mizuho with a buy rating, analyst citing valuation and dominant market share is the reason. comcast universal pictures scoring a number one hit at the bok office this weekend with the release of "the secret life of pets." shares of comcast higher by 0.4%, comcast is the parent of nbc universal as well as cnbc. >>> okay. so in just about 48 hours from now the uk will have a new prime minister. wilfred frost taking a look at who exactly this person is. wilfred, we heard from theresa may. >> she's confirming she will be. the current uk prime minister, david cameron, has confirmed she will take over for him on wednesday evening. of course development earlier today, andrea

winners since the last s&p high, nvidia, top gainer, up 143%. >> and amazon. >> yeah. unbelievable. over to hq check in with the judge and get "the half." >>> all right, guys, thanks so much. welcome to the "halftime report" hrt. i'm scott wapner. stocks at new highs. does it mean more risks for investors? with us for the hour, joe terranova, sarat sethi and jon and pete najarian. the s&p 500 setting a new record high. big question for investors, buy in or beware a question even some of the biggest money managers in the world are debating today. new at noon, one such manager telling me today stocks are not cheap, not crazy over valued either, though. especially given where bond yields are. this same multibillion dollar hedge funder saying it's a tactical but dangerous market. bonds should be falling a lot given the news flow and stocks could rip between now and the election if people get any kind of confidence. pete, turn to you with the question at the top. is it time to buy in or -- >> time to buy in. we talked about it on-air monday following the brexit, scott. you looked at vola

beyond making graphics, nvidia's been making chips and highest-end automobiles. all helped deliver robust growth. second, an equipment maker that's rallied 28%. they had great orders. plus, they should benefit from the consolidation as competitors, lamb research merges. fidelity national information services, that's a banking and payments technology, up more han 21%. then we have sim and tech. this was barely going up into june. then the company announced $4.65 billion acquisition. in other words, it bought someone, the privately held blue coat systems. greg clark taking the helm at the leaderless symantec. it helped propel the stock ov over 21%. then we have the old hp, this is run by meg whitman. which has rallied 20 th%. and news . we have disc drive makers, seagate and western digital down, commodity business totally hostage to the personal computer market. that was viewed, of course, as awful from january through june. seagate guided up instead of dun. the other tech losers, including csra, that was spun off by csc late last year. then there's first solar, w

winners since the last s&p high, nvidia, top gainer, up 143%. >> and amazon. >> yeah. unbelievable. hq check in with the judge and get "the half." >>> all right, guys, thanks so much. welcome to the "halftime report" hrt. i'm scott wapner. stocks at new highs. does it mean more risks for investors? with us for the hour, joe terranova, sarat sethi and jon and pete najarian. the s&p 500 setting a new record high. big question for investors, buy in or beware a question even some of the biggest money managers in the world are debating today. new at noon, one such manager telling me today stocks are not cheap, not crazy over valued either, ou

nvidia and applied materials are hitting all-time highs.though the small caps are really the standout, a number of all-time highs within the nasdaq 100 today, including o'reilly auto motives which continues to power forward and take a look at amazon. amazon a big winner and a big reason why we've seen the big recovery in the nasdaq this week. that's the biggest point impact of the large cap stocks. also today, interestingly, we're having a pretty good day for social. twitter getting some mileage off of reports that it's in talks with the nba and doing other live streaming. facebook not having a bad day. zynga not having a bad day. candy crush getting crushed by pi picachu. those social games continue to be on fire. every time i go on the subway seems like somebody is playing those. >> no, that's true. >> my adult children have been enjoying pokemon go. it's nintendo stock which is up 10% overnight. >> there you go. >> thanks, bertha. >>> we have less than 15 minutes to go here. watching the s&p like a hawk. 2130 and change is the all-time c

we talked about nvidia. but qualcomm to me after the move it's seeing is really interesting. in retrospect we should have seen this coming. we have seen quarters up where you see the suppliers do well and then april will have a down quarter. it is easy to say in retrospect. i still like qualcomm. >> but the sector has been right for consolidation. >> that's right. semiconductor consolidation is not about pcs or smart phones. it's about the internet of things. it's about industrial. we saw texas instrument traded at all time high today. hit tloil do with the categories i mentioned. the deal today, the analog devic devices, it's not about telecommunications or pcs or anything like. that and a lot of the altera deal of intel $17 billion late last year, same thing. so a lot of the big semiconductors are looking to diversify away from this. >> are there any left in terms of names that could get bought out? >> sure. i mean, there's -- people have been talking about an ambrella or silicon labs. one thing i'll say is qualcomm is likely to be an acquirer of texas instruments. they've

it was up 10% year-to-date, but if you look at internet of things and look at graphic processors nvidia is a name i have been talking about. it's up 60% year to late. that one doesn't have a real yield. so that's not a yield chase. that is a growth chase, and i think you're still good, believe it or not. >> yahoo! earnings call about to kick you have and netflix call is under way. we'll bring you the latest headlines right after this break. >>> plus, the republican convention is in a degree of chaos tonight and it's barely even started. our own john harwood is on the ground in cleveland. john? >> simon, presidential nominating xhiths commissions try to display party unit but they just displayed the opposite. we'll tell you about it after this break. displayed the opposi. we'll tell you about it after this break. the heirloom tomato. when you coowithncredible ingredients...you make . fresh iredients, step-by-step recipies, delivereto your do for ls than nindollars a meal. get yoirst twoealsre blueapron.cocook . great time for a shiny floor wax, no? delivereto your do for ls than nindolla

nvidia hitting a historic high for the third straight day but technology big caps have not been the movers. >> mike san tolli is with you tales a look at whether corporate earnings could spur moveme movement. >> look, the earnings recession is probably going to have continued through the second quarter. the consensus right now says about a 5.6% decline. that's the season just now beginning to be reported. however, there's the typical margin of upside beats. companies have been running about three to four percentage points better. so that gets you in the range, probably a small decline, but next conveyor about a flat year over year. then in the back fourth quarter of the year, that's when we're supposed to be the big resurgence. it seems like the end is in sight. preannouncements have been less negative than usual. it's been the best quarter so far since 2011. where does that leave the stock market in it's the bond proxy type stocks, the yield sectors that have kept the market sideways. the question now is what does it mean for value indications? we were at 17 times earnings at may of -- we

watch nvidia, this is graphics. if i don't mention nintendo go i'm an idiot. >> apparently. >> have you kids found it? >> no. they are both away without devices, thankfully. they are in device prison. no, they are not. they're very happy. doing kid things. did you ever hear of that? >> no. >> not walking in traffic with the phone in front of you. >> we were in the colosseum looking for things. >> people are hurting themselves with the pokemon thing. >> to heck with this. we have the opening bell coming up after this. welcome to opportunity's knocking, where self-proclaimed financial superstars pitcyou investment opportunities. ve got a fanstic deal for you- gold! with the right pool of investors, there's a lot of money to be made. but first, investors must ask the right questions and use the smartcheck challenge to make the right decisions. yore not even restered; i'm done with you! i can...i can... savvy investors chk their financial pro's background by visiting smartcheck.gov in new york state, we believe tomorrow

best stock performance year to date is nvidia.ll-time highs this week and downgraded today at wells fargo. can't blame investors were wanting to take profits there. and the big question next week is, can these tech companies deliver on earnings? we'll hear from netflix on monday. they also have international exposure in terms of where they're expanding. but the real question is can they deliver on their top line? a lot of disappointment in the first quarter. from big names like google, like apple. we'll see whether they can deliver and continue to move the momentum forward coming to tech. overall, tech earnings down about 5% this quarter. health care is one sector that is expected one of three that's expected to positive earnings growth. bio techs on watch. bio techs flat for the week and among the best performers. such a long way to go to regain bullish sentiment. back to you. >> yeah. we saw a little bit more life there today. thank you. >> happy birthday, by did way. >> thank you! not until sunday but i'm going to take it all i

wells fargo with the call cutting not just nvidia. >> coming up, new all time highs for both the s&p 500 and the dow this morning for the fifth consecutive day. if we retain these levels or move higher into the close, that will be the first time we've achieved a week of gains in 18 years. we'll dive into what's driving the rally and how it should affect your decisions after this break. son. ge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. today, we're seeing new technologies make healthcare more personal with patient-centric, digital innovations; from self-monitoring devices that can interpret personal data and enable targeted care, to cloud platforms that invite providers to c

index though, the real standout, it's at a new 52-week high today with a number of chip names like nvidianuing to be at historic levels. but look who's sneaking in that 52-week high list, cisco. so we're starting to see a little bit more, brian, a little more variety. >> all right, bertha at the nasdaq. bertha coombs, thank you. >>> it is time for street talk, our daily dive into key wall street calls of the day. >> we haven't done this in so long. >> i'll see if i can remember. >> i'll see if i can remember how to roll my eyes. >> stock one, cognizant technology solutions, ticker ctsh. suntrust cutting the stock from buy to neutral. a poll they looked at showed weaker pricing especially in the mid to high end segment of i.t. services, also concerns about currency impact and potentially lower uk europe spend ie brexit fears and analyst adding headline risk on immigration ahead of the election, cuts estimates says stock upside is limited. by the way it's been limited for a year and a half. the stock has been stuck in the mid to high 50s for about 18 months. >> second stock we're watching,

year-to-date winners include nvidia and applied materials, both hitting new all-time highs today and up more than 30% so far this year, only negative sector yoear-to-date is financials, today's best performing sector, in fact. >> thank you, seema. volkswagen is paying the state of california $86 million in penalties related to diesel emissions scandal in addition to the $14.7 billion previously reached with u.s. regulators. shares of volkswagen are higher by more than 3% today. polycom considers a superior bid from serious capital group. serious will pay 12.50 per share in cash for each share. nintendo new app -- because melissa downloaded it. stock is up 16% for the week, 10% today. tyler. >>> thank you very much, michelle. the aftermath of the brexit is creating uncertainty with investors both in the u.s. and around the world. but despite this global uncertainty, rbc is releasing its updated list of top 30 global stock ideas for the second half of the year. the list includes some u.s. stocks and even some. we'll talk about that with rbc capital markets, welcome back. you had a coup

changed in the premarket, but david wong does see more than 40% downside potential for shares of nvidiato the u.k. for more with mark barton. mark: we are down in the u.k. by .3%. we are up for the week. we are still 2.7% below the level we close that on june 23 here to this is the travel and leisure index. only one of 23 companies is rising today. , theave thomas cook, accor french hotel operator -- they are leading the index down. it is the worst performing on -- history has shown the impact on indices like this has been short-lived. a collapse in first-half profits, showing how the malaise anditting the luxury sector spreading from hong kong to markets like france and switzerland to shares are down a mere 7.5%. this is sterling on a weekly basis since 2009 against the dollar. love this chart. check it out. sterling, 3% higher against the dollar. that is the best weekly performance since 2009, david. we have political stability, and of course, that's a prize from the bank of england, giving sterling a real boost. surprise from the bank of england giving the sterling a real boost. davi