bob pisani is breaking it down at the nyse. hi, melissa amazon is the first s&p 500 stock to pass the $2,000 mark. it's in rarified company and there are only three companies in the s&p 500 whose shares are trading over 1,000 and amazon and booking holdings and alphabet the old priceline was the first s&p stock to get $1,000 and followed soon there after by google and these would have been unthinkable a decade ago and that's because companies would split their shares to make it more affordable to investors the dotcom era drove up the price of tech stocks dramatically and the financial crisis and it's never really recovered. you know they were just over 100 stock puts of 1997 and that was five splits for all of last year and why don't they split the stock as much as they used to? a lot has to do with institutional investors like vanguard those institutional guys have 70% of amazon, and nearly 80% of netflix. investors don't really care if a stock is high priced or not. they may be perfectly happy to have high-priced stocks becau

money," the sec warning about pot stocks, and back at the height of the craze bob pisani is at the nyse to break it down. hi, bob. >> hi, melissa the sec is warning investors about the hazards of investing in pot this time in a statement with remarkable similarities to its warnings on crypto, the sec has told investors to be wary o investing in the marijuana business warning fraudsters may spread false and misleading information and may try to use media coverage of marijuana legalization to promote investment scams they urge investors to look out for unlicensed, unregistered sellers and guaranteed returns be wary of that. this is remarkably similar to investing in bit koirn and other cryptos. in a letter the sec released in january, cryptos offered substantially less investor protections than traditional securities markets and there was greater opportunity for fraud and manipulation a separate alert from 2017 warned ico investors to be wary of guaranteed high returns and unlicensed sellers and this is exactly the language they used to warn against pot scams. the two found similar becaus

we're going to get to the latest on the nyse with connell.reporter: the dow wrapping up what turned out to be a rough week with small gains at the end of the day today. s&p 500 was flat but had a terrific quarter which we'll talk about in a moment. our storied stock would be tesla down 14% with the sec filing a lawsuit alleging that ceo elon musk committed securities fraud. that stock is taking hits from all angles. for the quarter, the dow is up 9%, 7% for the s&p 500 wrapping up best quarter since 2013. if we break it out for individual stocks, the three we'll show you gaining 20% for the quarter. how about apple, pfizer had an interesting quarter and walgreens up 21% as we wrap up the third quarter of the year. liz: great to see you, have a good weekend. >>> next to this story, a former law clerk for judge kavanaugh will come on our show momentarily. he'll give us insights on the supreme court nomination process and how that process failed the judge and dr. christine blasey ford. >>> google ceo sundar pichai headed to d.c. in november to t

bob pisani is breaking it down at the nyse. hi, melissa this is the first stock to pass the $2,000 mark. there's only three companies in the s&p 500 whose shares are trading over 1,000 booking holdings and alphabet. that was the first stock to hit it in 2013 followed soon after by google. these prices would have been unthinkable that's because companies would typically split their shares stock splits peaked in the late 1990s when the dotcom era peeked it never really recovered. there were just over 100 stock splits in 1997 that compares to just five splits for all of last year. why don't companies split their stock as much as they used to? a lot of it has to do with institutional investors like vanguard and blackrock over the retail investors they own nearly 60% of amazon, 72% of google, nearly 80% of netflix. they don't really care if a stock is high priced or not. they may be perfectly happy to have high priced stocks because it discourages day trading that introduces volatility. that's warren buffet's mentality, you know? fo

when a pot company comes to the nyse or to an exchange and says we want to list, what is the -- what is the nature of the moral discussion that you have around it >> it's actually really unfortunate. one of the reasons why tilray and canopy are trading so crazy is they're the only two stocks listed here in the u.s some of the investors are restricted by their charter to only invest in u.s. stocks i wish there were more marijuana stocks listed in the u.s to continue the bad puns, i was very high on that idea and when attorney general holder was in office, i was willing at the new york stock exchange to approve those marijuana-based stocks because we have a requirement obviously, we had a requirement that you be in compliance with state and federal laws but holder had put out a letter saying it may be against federal law but i'm not going to come after it so that was enough that i could say, okay, it's a responsible decision sessions came in he's very much against marijuana, has been for many, many years he rescinded that letter and so we said no the one that i said yes to when i was t

nasdaq and nyse look more similar than different.as get regulatory approval despite heavy lobbying against us. getting the first one was really important and having it be a company like interactive brokers , a very sophisticated player, sends a strong message other .ompanies being able to follow the lead of someone who understands the market. when you look at their chairman talking about how this is good for their shareholders, from our standpoint that is the same message we have been saying. .or us it is exciting happenedst swaps before the end of the year. can we expect more this year? who are you targeting? >> we have been having great conversations across the board and interest from new companies. from our standpoint, it is focusing on interactive rogue spurs. october 5 is expected to be the day. i cannot announce other companies but the interest is good. we're really excited. i think this will be a great finish to the year for us. emily: thank you so much, brad. up next, california's assembly a hundred percent clean power by 204

let's get to markets and your money, indie sees in the green, nicole petallides on floor of the nyse with latest. reporter: market gained across the board, higher for the week on dow, nasdaq and s&p. we saw apple and ibm among best performers on the dow. general motors made an announcement of a recall 1.2 million vehicles worldwide. bring it to gm store, they will update power steering software module, there could be some loss of power steering, that is a big news are in general motors. and other than that a key eye on hurricane florence, and watching the retailers, building and supplies, all of these things, we know we want everyone to stay safe for hurry wayn hurricane ft there will be economic impact. liz: thank you. >> we're still month ors hurricane florence, this is a big water event, about to strike the east coast, we have more live updates from our team to the ground. >> and tonight, newly released text-messages from bias fbi agent peter strzok show other intelligence officials involved in leaking, we're bringing in republican oversight committee member, jim jordan. >> but fi

downturn in the market, but i wanted to take a look at the chart that shows you the highs and lows in the nysetcan get a sense that a of the investor sentiment probably has not been as high as a lot of folks think we you subtract the highs and lows and see it has been fairly contained. you compare that to 2017 where you had the massive peaks, but investors have been a lot more cautious over the past few months. i think that may give you some indication that the euphoria showing up at some of these bullish and bearish indicators and other sentiment indicators may not quite state exactly what is going on in the actual trades themselves. vonnie: i love it. you can see the chart on gene keady go -- gtv go. we have a competitor. >> cohost. the jury is a little tilted this morning. keeping it really simple, the dollar ruble. earlier today, the russian officials put back on what market stop were going to be an impression russian rate hike. thesaw an initial spike in dollar ruble. following that and if you were paying attention this morning at 8:25, we told you to look out for this. u.k. and u.s. alli

let's get to the nicole petallides on the floor of the nyse. reporter: first trading day in september, we did come up off lows. dow finished down 12. lower by nike. colin kaepernick the new face of nike. and verizon and walgreens alliance. amazon hit the 1 trillion dollar mark. by comparison apple needed 183 sessions to hit that trillion mark after piercing 900 billion in november. you have jeff bezos gains in worth as well. back to you. liz: all right. thank you nicole. >> coming up bob woodworth anti-trump tell-all back next week and it is trump versus trumka, who is right? who is wrong? who won. liz: a nationwide boycott nike campaign, launching after they announced kaepernick as their ad face. customers are posting videos of themselves burning their nike products in protest, we'll have more on that after the break. >> sorry nike, i have been buying you for past 20 plus years, not any more. (vo) when bandits stole the lockbox from the wells fargo stagecoach, agent beekman was one step ahead of them. because he hid his customers' gold in a di

nicole petallides is live with ouall of the action on the floor of nyse. reporter: stocks finished mixed, dow came off earlier high. but it was down over 40 it finished up 28. s&p gained and nasdaq pulled back, some best performers on dow, boeing, and walgreens and cat under pressure, and 3m, and apple, apple, today of big unveiling, 3 new iphones starting. we're talking about highlight if you drop it in water at pool, grab it, it will be fine. and 6 1/2 inches, edge to edge screen, 200,000 photos. new watch, series 4 with a speaker 50% louder. and can take an ekg . back to you. liz: to border states, drug gangs, child traffickers. the border states need money to fight that and more. but democrats in pima county, arizona, voted to reject over a million in federal funding, they oppose president trump's border policies, it is all politics, the sheriff of that county is here with us. >> tonight parties of tolerance, accused of intolerance. progressive roots accuse of bribery and extortion by republican senator susan collins to try to get her to change her vot

. >>> two and a half minutes before we get started with trading at the nyse.'s send it across the countr for the mad dash >> you remember amelda marcos, remember what she was famous more >> shoes >> exactly 1,000 pair of shoes this rbc note about general electric. this man says there is a number of shoes to drop this is the marcos piece that a lot of the bears have been waiting for. there is steve tusa. gips cut, th guidance cut, they expect. power turbin, and they don't like the radio silence since the quarter, implying no deals have been done. this is another piece that says this is not done going down. >> really, jim >> yeah. i'm just reading it. >> i know we put his picture up, but why -- >> this is tusa jr >> why the deafening silence from the company you think they should be communicating more forcefully in terms of pushing back on impact from this turbine problem? >> i wish they would say this issage isolated turbine problem, it had to do with the way things were stalled i wish we saw a bid for healthcare now that oil has breached levels, should make ba

steve from the nyse. >> the countdown is on to next week's big fed decision. of a slowdown in the committeconomy n gray is optimistic here's what he told david faber earlier. >> we see incredibly strong signs in the u.s., consumer confidence, 18-year high, unemployment claims, 50-year low, small business confidence, the highest it's ever been. >> well, is he right or should there be more fear in the market bring in contributor ron insana and quint the founder and managing editor of jewel financial. i was beside you while we were listening to eamon talking about the sector of wire tapping the president and removing him from office do the political implications of a report like that at all spook you and should they spook the market >> they have over the last year and a half and i have been 1,000% wrong how they -- >> in my notes you said 10,000%. >> i have been listen, i mean, under any other set of circumstances this seems like the type of thing even if you go back to the 1998 impeachment where there were disruptions to the financial markets, even though the ec

the nyse, nasdaq marketplace will hold a moment of silence before their respective opens. footlocker stock higher after it said nikes were selling really well and apple has its big event tomorrow. >>> president trump pushes back against the claim president obama had anything to do with the boom. here is a clip. >> what are you going to do? what magic wand do you have? >> we created more than 400,000, and soon going to be 600,000 manufacturing jobs. >> growth during the trump years has been much more robust. this year we should get up near 3%, that would put us 50% above mr. obama's performance. >> now if that were too subtle the white house held its first press conference since august 22nd on monday, brought out the president's top economic adviser. president trump also made a series of tweets about the economy, including this one that the gdp was higher than the unemployment rate for the first time in 100 years. this was almost immediately pegged as wrong. this actually happens fairly often, about 60 times in the last 100 years. somehow a zero got added. >> but what is tr

september and they sit this one out since it's a weak month since markets our bob pisani is at the nysek it down for us hi, bob. >> last week, earth, wind and fire and today i'm in heaven from the 1970s september is the worse month from the s&p 500 and down since 1950, but that's a fairly modest decline on average and it's not a done deal. so september has been up 30 of the september months of the 67 cite september months, and it's been down 37 of those times. do the math here september is up about 45% and it's not terrible. there are threats to the rally and everybody knows what they are. and it's been emerging markets and some of which by turkey is a separate issue and the fed continuing to raise rates. it's still out there, and the biggest threat to the rally is it, stocks are no longer that cheap anymore. >> prices are a lot higher and remember the s&p is up 10% since the start of the second quarter. the first quarter saw the big volatility spike and at the end of the first quarter the s&p was down 1% for the year and stocks were trading below 16 times forward earnings and that was

deirdre bolton at nyse thank you very much. we appreciate night. >> president trump today, with very tough talk for china on trade. calling for a new approach. famed economy -- economist ben stein is here to talk about it next. with only a kite, a house key and a wet hemp string, benjamin franklin captured lightening in a bottle. over 260 years later, with a little resourcefulness, ingenuity, and grit, we're not only capturing energy from the sun and wind, we're storing it. as the nation's leader in energy storage, we're ensuring americans have the energy they need, whenever they need it. this is our era. this is america's energy era. nextera energy. this is loma linda, a place with one of the highest ♪ life expectancies in the country. you see so many people walking around here in their hundreds. so how do you stay financially well for all those extra years? well, you have to start planning as early as possible. we all need to plan, for 18 years or more, of retirement. i don't have a whole lot saved up, but i'm working on it n

bob pisani at the nyse does this mean that wall street is over bitcoin and are bitcoin's last days behindd be worth $10 trillion rbc analyst mitch is with us >> the move by goldman seems to include the fear that the institutionalinvestors have cold feet about bit coin because of regulatory issues should this be a concern for bitcoin investors? >> i don't think it's a really big concern. first of all, the institutional investors that have been involved for the last five years or so is still involved in the space and still tracking very closely. what i think goldman is having a hard time with is they can't find a way to get institutional investors to invest and they're investing in a circle which is essentially a competitor to coin base, right? so they are able to get trading flows in the retail side, but the institutional side is very difficult and so i think what they're realizing now is probably the next step to get them and they're waiting now for a bitcoin etf to be approved >> you first came on the show with the initial report and that was that bitcoin and the ecosystem could be a tri

i'm joined by our own connell mcshane on the floor of nyse, and kingsview asset management cio scott martin. connell, anyone actually trading down there? >> a lot of computers handle that these days, trish. there is something to be said about the fact there are a lot of televisions on the floor here. obviously like everybody else in the country paying attention to this hearing. volumewise we look at it versus one month average. it is 10% below. not going to the floor by any means, if you listen the volumes turned up on the tv, which you don't hear often. people paying attention to it. dow up 107. we're having a fairly normal day, trish. trish: scott, do you think this could have bigifications for the republican party and pour the president and for our economy? coulded judge kavanaugh hearings and perhaps lack of appointment, creates a lot of discourse come midterms actually hurt the president, republicans and our economy? >> yeah, i think you nailed it. it is this snowball effect, trish. it is this, then leading into november, then a vote against the president's agenda, blockade of h

let's get right to the nicole petallides on the floor of nyse with the latest.ole. >> we had some back and forth action on wall street. the dow had been up 65 points, moved into negative territory on news president trump reportedly told aides to move ahead with $200 billion worth of tariffs on chinese good. that u.s.-china trade tension weighed on stocks. we were up 65. we were down 77 but the dow finned higher up nine points. the s&p also squeezed out a gain although the nasdaq finished the red. for the week all three were in the green. some of the movers on the dow include united technologies and boeing to the upside, disney and apple to the downside. back to you. liz: thank you, nicole. watch this video. dangerous winds. it did rip a canopy off of a gas station in tropical beach, north carolina, north of wilmington on the coast. we have live team coverage on the ground where the storm is headed towards south carolina. kristina partsineveloss will give us an update from south carolina after the break. stay there. (vo) when bandits stole the lockbox from the we

that was not the deal with the fellow you just heard there and saw on top there the nyse chairman dickho joins us now. always good to see you. >> hi, neil. >> neil: not under these circumstances my friend. opening after that and great deal of damage to facilities, operations, so many buildings in the area. but it was important that you open up for what reason? >> it was, neil. i mean, we had to recognize, obviously, with sensitivity that we had lost thousands of people here in new york and the pentagon and certainly in shanksville billions of dollars worth of damage to buildings in new york and the pentagon. but the reality, the attack was on our way of life, the american way of life. and what better proxy for america's resurgeons, america's recovery than to see the stock market reopen. >> it was volatile. it didn't take all that long but stabilize it did. you made a point you might have coined the expression at the time i remember talking to you forget the financial capital, neil, remember the human capital. remember all the firms and securities and fitzgerald and marshall, and all of

. >>> a bay area company opening the bell on the nyse this morning. dow losing 43 points. nasdaq down 69 points on concerns of tariffs. president trump has indicated he is ready to slap a new set of tariffs on trump. that would include increases on perishable food imports and basic housewares as well as consumer electronics. now, just a few seconds ago apple said the apple watch and air pods will be exempt from these tariffs. also the iphone is not included in the list of goods on the new tariff. chinese officials tell bloomberg they will cancel future trade talks if trump goes ahead with those new tariffs. >>> amazon has launched a new section on its site today called amazon storefronts. it only lists items sold by small and mid-size u.s. businesses. amazon says smaller companies can get lost among its millions of goods. this may allow shoppers to find them more easily. amazon says more than 1 million products from about 20,000 businesses were selected to be featured. >>> mark benioff is the latest high-tech guru to get into the news business. the salesforce founder and h

exactly what he meant by that and try to get that clearer back to you, melissa >> bob pis annani at the nyse. it would be an exploration that would be evolving over time and that would seem to indicate there was never a timeframe and it would be too strong language in terms of what they said about exploring whether or not it would -- at this point, though i think you look at the space and it's not been great and there needs to be a catalyst to get it going and remember, as well the same investors are investing in crypto currencies and they're investing in cannabis and right now cannabis is on fire and the amount of money that's flown into that space, and from $17 in an ipo and 95 bucks pulled back. it is a lot of retail flow and again, it's the same type of investor that's investing in cryptocurrency and i think once the caught lift happens, one the story, and i can see money going right back in and bitcoin in particular >> the assumption that's flowing out of one thing or another. >> i just think you actually have a decent amount of institutional interest in the cannabis space, and ultimate

of new products, we'll show them to you and tell you how to play the retail behemoth >>> and former nyseeo joins us, we talk about the markets, the pot shots and res thatto the financial markets. pot stocks tinguishable mutterin) that was awful. why are you so good at this? had a coach in high school. really helped me up my game. i had a coach. math. ooh. so, why don't traders have coaches? who says they don't? coach mcadoo! you know, at td ameritrade, we offer free access to coaches and a full education curriculum- just to help you improve your skills. boom! mad skills. education to take your trading to the next level. only with td ameritrade. it's my job to protect as a public safety,pg&e, keeping the powerlines clear while also protecting the environment. the natural world is a beautiful thing. the work that we do helps protect it. public education is definitely a big part of our job, to teach our customers about the best type of trees to plant around the powerlines. we want to keep the power on for our customers. we want to keep our communities safe. this is our community. this is wh

a good to our own at the nyse with a whole lot more. >> i know charlie has done reporting on that byk narrative and mr. must learning up with high-powered attorneys but the question you brought up about what the company would look like without him is what analysts have been looking at quite closely. barkley put out today that if musk were to believe that the automatic 10 billion-dollar hit for the market cap which is already taking a gigantic hit today tesla is down just about 80% and we'll see how it does here in the final hours. we will talk more about the seller. were about to break even in the markets but looks like we'll finish up in this market, a surprisingly saw strong month of september and a good quarter as well. trish: thank you so much. a quick programming note before we go. i will be hosting the story tonight. i'll be in for my friend, martha maccallum, at 7:00 p.m. eastern. she's had a very big week an excellent interview with judge kavanaugh and his wife. 7:00 p.m. eastern on fox news and i do hope i see you there. we anticipate talking to members of the senate judicia

ashley webster on the floor of nyse. hey, ashley. >> still trying to recover from the fact you used romance and fed in the same section, come on, if there can ever be romance in the fed. to your point the market went up on this news. no big surprise, we knew there was rate hike this month and probably one in december. a few next year and one in 2020. we expect to hear more hawkish jerome powell when he goes to the news conference 20 minutes from now. if the fed chair is hawkish, that means he is bullish on the economy. let's be honest, rates at 2, to 2.25 percent, based on what the economy is doing, consumer confidence at 18-year high, unemployment at record lows, 2, 2.25% not that bad. i want to point out i moved to this country in 1982. 30 year mortgage in 1982 at 16%, i thought i got a steal. let's keep perspective as they say, trish. trish: ashley webster, thank you very much. we're watching market up 60 points on the heels of the fed decision. interest rates going up they will continue going up throughout 2019. they

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. >> sahr eisen joining from the nyse as sarah mentioned it's the best dow stock in the year to date.ike sored foot locker stefrp erps plunged 10% more in the last three months do you keep buying nike. >> nike to me it's a name i'm long they've been on a tare in in last period. you want 68% in the last 90 months as in the last decade for all the people counting them out china for all the concerns around trade war mcis cribbing 25% of revenue growth. 18% of ebdita well positioned in terms of women growth edt i love the story. not cheap. at this point it's getting near the place where -- i don't want to say sell the position i would not say there is great value. >> not long ago i sold it for that reason because it's not getting cheap. a couple dollars ago i got to tell wlau the kaepernick thing we talked about on this air, we talked about the risk and a risk they wanted to take and it's not the first risk nike. >> did you sell them before the ad. >> no before the ad. and i don't think that was a reason necessarily to buy or sell but i think there is competition with adid as a one name n

. >> we went down to the nyse set. i've been taking a tour of the sets in the greater new york region we went down to the nyse, hung out with wilfred and sarah >> anywhere where there's a ceiling, you'll take >> right >> let me ask you about the trade talks with canada. >> it's in the "wall street journal" front page and an editorial about it >> lead story today for the "journal." where do we stand? are the deadlines for real this time >> you can always negotiate and extend any deadline you want if you have the political will to do it. it feels like we're in a stall mate stalemate. ultimately it's in cappnada's interest to get to a deal. >> maybe there's rm foom for movement in the beginning of october? >> i think there could be. there could be the new mexican government will take office, and american officials have been signaling that the new mexican government has been more of a part of the talks than most have let on. >> so no palace intrigue regarding rod rosenstein >> weird thing >> the other dashy, was that wht h

trading below $10 a piece, down 4.5% straight to the market action at this hour with bob pisani at the nyseob? >> hello, old friend confluence of events today social media weakness in oil, emerging markets and generally down market but not dramatically so let's look at social media again. fallout from yesterday continues and i want to emphasize this is not just about facebook or twitter. p pandora, zynga, some of these stocks notably off their highs this has been going on all throughout the year. social media doesn't have the cache it used to have. semi conductors, big momentum name ceo of micron was speaking at a conference about weaker nan prices micron is down not quite a 52-week low. energy, we saw oil drop today, below $70, in the $67 range. schlumberger, 52-week low for that one all the big production names generally down about 2%. emerging markets again continuing to drop you heard tyler talk about the emerging market index, down 20%. here is where you start looking for a drop am those chinese names, very big in that particular sector. a lot of them are down 25% from their recent hig

shares begin trading today on the nyse. that is your bloomberg business flash.ajor central banks including the fed and ecb are turning to tighter monetary policy despite political turbulence. check out the latest edition of bloomberg businessweek. the cover story is a profile on jerome powell and how he's working to protect the central bank against the whims of the president. we are back with hsbc. who hasn't tougher out there? the ecb, boe, the fed, or boj? >> the ecb. thefed can deliver narrative, we told you so. we believe it and will continue to do it. the ecb has to reappraise. we had first quarter weakness in the eurozone that the ecb said is an aberration. now we have had no acceleration in the second quarter and they are telling this is a little bit longer. even industrial production in soy off to a soft start, there is this constant recalibration of the ecb. i think that has been tricky for them. boe has brexit. and boj are on hold. we come back to the ecb with the problems and greatest debates between doves and hawks. what do you see europe doing? the

. >> melissa lee has a question from the floor of the nyse melissa. >> krishna, if the real risk is monetary policy, are you afraid they're going to raise too many times or what the market might perceive as too many times in 2019 we've got new dots coming in on the dot plots, but that could effectively alter where the fed sees the economy growing and, therefore, change the way they think about future rate hikes. >> look, i think what the fed is trying to do is it's trying to ballet set of mostly international and trade-related downside risks with the strength of domestic momentum that creates some kind of medium term overheating risk not inflation running away with us today, tomorrow, next week, next month, but on a two, three-year view getting too much inflation in the system. so trying to find the rate path that threads the needle and gets the balance right between these risks. i'm perfectly comfortable with a basis of three hikes next year. >> but my question to you, michael, is the fed, i think, will still be data dependent. >> jay powell will be. >> how the economy is performing and if

in a separate search, when this gets to the level of the justice department, gerri willis, at the nyse, that raises a whole bunch of other worries, doesn't it? reporter: absolutely neil. this would be a criminal probe that is under way out of northern california. that's the office that's investigating the u.s. attorney office for the northern district of california. it is early days for this probe. it started right after the comments, the tweet coming from the tesla ceo that funding secured to take the company private. they jumped on board right away. as you mentioned, the securities and exchange commission is already investigating, but what they would bring would be civil charges. the d.o.j., this such more serious, this is criminal charges that are being investigated right now and, of course, the stock is moving, down 3.85%, but i have to tell you this has been expected down here. i talked to traders who told me, no big deal, we knew it was coming. so bad news for tesla. these comments that the ceo made funding secured under investigations by the department of justice. i have to tell