i'm scott wapner front and center this hour, the post fed playbook as stocks rise following the fed meeting. apple, of course, set to report tonight as well. the investment committee at the ready. joining me for the hour today here at post 9, josh brown, liz young, and brian belski. we checked the markets we are green across the board. what an interesting session finish we had yesterday and the beginning we have today. josh, i'll turn to you i mean, i guess the big question is, did a more dovish fed chair just settle the market for another leg up he took a hike off the table, right? here is what he did. he took a hike off the table he said inflation will continue to come down as the year progresses he said demand is still strong but cooling. and he shut down the stagflation narrative. i don't see the stagg or the flation. >> take that that's all the stuff you start the year with this expectation that the debate is between six or seven rate cuts, that, over the course of the next few months, changes to, okay, maybe it's five. maybe it's four, three, two. is that going to go to zero? is that

i'm scott wapner. front and center this hour, nvidia earnings just one day away from the investment committee sizing up what is at stake. they are making key trades today. we'll get to all of that. joining me for the hour josh brown, stephanie link, bryn talkington and farmer jim lebenthal. to the markets we go, nice price action today. we've gone positive on the s&p and the dow. we can check the nasdaq, which is still fighting it out for the green. it's still modestly in the red. but we are trying to work our way back toward 40k. we are waiting for nvidia tomorrow night and apple making a nice move today as well. so we're going to get to all of that. i do want to begin with you, josh, because you have interesting new moves that you have made in this market, and the first one is you bought corning. glw, trading right around a 52-week high. i don't know, pennies away from that. on pace for its seventh straight day of gains. amidst this momentum, why are you buying it now? >> so it might be a little bit

. >> i am scott wapner.nd a question about tech, whether it is time to take some profits in that highflying sect. that stock is surging today and the other big names are not. they are falling pretty good and we will show you the make it cap. there is apple at the stop -- the top, down at 1.90%. microsoft is lower,

i am scott wapner.e best playbook for your money and we will get it exclusively today. in just a bit, aaron brown will reveal her latest asset strategy first and right here. in the meantime, scorecard with 60 minute ago looks pretty good. why is this significant? it will be the first to close above 5200 in a month. exactly one

. >>> welcome to "closing bell" on this friday, i'm scott wapner live from post 9 at the new york stocknge, and this make or break hour begins with the run to record high probably won't get there today, but sure looks like that's the direction which we are heading we're going to ask our experts over this final stretch how far this bull run can go in the meantime, your score card with 60 minutes to go in regulation looks just like that. it's been a mixed day for the majors we are green across the board for the week that's the important part. we closed above 5,200 for the first time in a year yesterday

i'm scott wapner. front and center this hour, record-setting stocks. we have new highs in the s&p, closing highs in the nasdaq as well. the dow is right there, too. the investment committee debating where the markets head next. joining me for the hour today, joe terranova, kari firestone, steve weiss will join us in just a moment as well. i do want to show you the markets because we're above the closing high on the s&p, on the nasdaq. the dow was there a moment ago, too. and we're basically sitting right there across the board. what an incredible morning it's been. our halftime headliner, too, big news from one of our own. brian belski raised his s&p target to the highest on the street. it's good to see you. i should note you did this before the cpi report came out today. tell me why you've taken your target to 5600? the biggest of the bulls, that's what we're calling you now. >> well, thank you so much. we're humbled with that moniker. i'll just remind everyone that when we published our piece in november of last year, our base case was 5100 and our b

based on the scott wapner report. shares were around $120 a share. today, they are around 100.does this mean? >> it doesn't mean much. we're investors, not traders. peltz advocated for change. they claimed they got what they wanted. look, it was a tidy little profit for the firm. we continue to look at the business longer term, not six months, but rather over the next many years. we still think thereare things to like at disney. >> a lot of things to like. disney's streaming business will turn profitable in the future. still concerns about the succession plan. just a question about the stock. does most of the investors believe that nelson peltz is right about a lot of his concerns? how do you interpret this reaction? >> you know, we have to remember where the stock has come from. you know, it was doing really well going into the most recent earnings report and kind of up to where it seems that peltz and trian held their shares. start of the year, it was $90 a share. it got up to $122 a share. that is about where peltz sold. great trade. nothing against what they're doing. we ha

. >>> welcome i am scott wapner. make or break hour begins with a rally, stocks going for the fourth consecutive day of gates but he moved back from the april bottom which some suggest is a sign there could be more to go. we will asked experts over the final stretch whether they agree. the scorecard with 60 minutes to go in regulation looks like that, a big green for most of the day but it has been leaking over the last 30 minutes. nasdaq is red. bond yields are mostly lower which has helped the russell 2000 outperform and the tech trade overall, it takes us to our talk of the tape, the great bounce back for stocks and whether it is sustainable. let's ask adam parker, ceo. >> you are not so sure this is sustainable and more cautious in a few months? >> yes, last week when we spoke, conditions are still the same, an equal chance of a 10% up versus 10% down, that makes me less confident because the data are mixed. for every good thing, i get upside on retail sales, down on housing. there is some good and some bad and e

i'm scott wapner live at post 9 at the new york stock exchange with inflation-eve and tomorrow's pce,th 60 minutes to go in regulation, we are red today across the board and it is the dow that is the biggest loser and it's a salesforce problem, suffering its worst day in years after it turned. take a look at that, down more than 20% and other cloud software names lik

i am scott wapner. the question raised again, do the bulls have the upper hand. let's check the markets. s&p coming off its best day since late january, and we are extending the gains today. if you talk about what the catalysts are for the next leg of the rally, we ask the question whether the bulls have the upper hand once again. we know powell was not as hawkish as feared and yields calmed down, right, the bond market volatility dissipated for the moment and earnings are enough. is all that good enough -- >> well, the quantitative tightening provides a nice liquidity backdrop to a rally. i think it can continue for a little bit. i think that short-run focus, though, i think the momentum is here with us for now. the intermediate term, what you want to focus on is gdp revisions and can they continue to head higher? can earnings deliver in the back half of the year? if i think those two things prove to be true, we could see more upside and this continue for a while. if there's a challenge to that, which at the moment doesn't look like there will be, but if there's

i'm scott wapner live from post nine of the new york stock exchange this record run for your money and we'll ask our experts over the final stretch including erin brown who will join us in just a second take a look at the scorecard with 60 minutes in regulation today. nasdaq is leading. nvidia back to $950 a share. a couple days ahead of its earnings apple not far away from a new high as its comeback continues wealth financials are in

i am scott wapner. front and center this hour, the amazing resilient and maybe soon-to-be record-setting stock market getting close to another major milestone. the investment committee on how to play things right now joining me for the hour shannon saccocia, steve weiss, bill baruch, jim lebenthal. we do check the markets, we're at session lows. we're still green, though, for most of this market. the s&p is barely hanging on the big news, obviously, weiss, we're roughly 1% from a new record high on the s&p 500 tom lee says we're still a buy in may jonathan krinsky, the path of least resistance, new highs. are you on that page, too? >> i'm on that page for now for sure after powell's dovish comments, and i said this last week or the week before, after the market sold off a little bit, what's going on here? he put a flurry into the market and said no more rate increases. so if you were worried about that, that's off the table now what was jomo turned into fomo the joy of missing out as the market was decl

i'm scott wapner live from post nine at the new york stock exchange this make or break hour begins withs critical inflation data looms large. the recent rally back from the april lows potentially hanging in the balance we will ask our experts over this final stretch what is really at stake this week with the release of ppi and cpi reports. our guests today including sara naison-tarajano in goldman-sachs. in the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple

let's get to the judge >> i'm scott wapner. front and center, the big week ahead as key inflation looms and arms race heats up again we'll check the markets looking for some activity and some direction as we try to get a new record close, we'll see how this day progresses obviously, but we do have the big events of the week, inflation data and this arms race. and i want to go down to some trades so you trimmed alphabet and you sold the qs which i find interesting. and last week you said that you are longer now than i you can remember so why did you trim alphabet >> i add significantly to alphabet in the 130s when all the genesis and noise came out and i thought it was a short term impact and there was no "there" there. so i took the opportunity to really super ssize the position and now cutting it back to normal size. it is still one of high larger positions. but i don't think that it was prudent. so really risk manager and in terms of the qs, i'm short the qs as a heenlg because i have no idea what the inflation numbers will b

i am scott wapner. this make or break our begins with the best playbook for your money and we will get it exclusively today. in just a bit, aaron brown will reveal her latest asset strategy first and right here. in the meantime, scorecard with 60 minute ago looks pretty good. why is this significant? it will be the first to close above 5200 in a month. exactly one month. we are looking good in this final stretch, because it is a broad rally in the major averages are higher. we are almost green across the board. not necessarily growth, but it is tough for roadblocks. shares are pledging following. stocks down 21.5% and it takes us to the talk of the tape. the resilient rally and how long this can ast. let's welcome in kristin. good to see you. is this what the next rally looks like? one that is currently a lot of things other than tech? >> absolutely. entering into this year, we thought that there would be a broadening out of earnings and it is good to see that this is a healthy rally in terms of seeing

. >> i am scott wapner. let's begin with this accelerated selloff and a question about tech, whether it is time to take some profits in that highflying sect. that stock is surging today and the other big names are not. they are falling pretty good and we will show you the make it cap. there is apple at the stop -- the top, down at 1.90%. microsoft is lower, 1.02%. higher interest rates, stronger than expected economic data, certainly part of the market story. we are going to tell you what j.p. morgan's ceo said about all of that in just a bit. >>> boeing, they are the big drags on the dow jones, today. the biggest drag and the biggest drag by far. that stock is down some 7%, today. elsewhere, we are watching a continued reversal in copper and utilities. copper is down about 2% and the utility sector with a roll of its own, today, it takes us to the talk of the tape. should you take some profits or buy into this weakness? i gather a lot of investors are making those decisions at this moment. let's go to the p

i'm scott wapner live at post 9 at the new york stock exchange with inflation-eve and tomorrow's pce, and the market on edge ahead of it and we'll ask expert bhs what it means an with 60 minutes to go in regulation, we are red today across the board and it is the dow that is the biggest loser and it's a salesforce problem, suffering its worst day in years after it turned. take a look at that, down more than 20% and other cloud software names like servicenow, they're a mess, too. look at that. that's down near 12%. elsewhere, most s&p sectors are actually green today, all, but two and small caps are outperforming. yields are down and that's a big part of that story. it does take it us to the talk of the tape, the forecast has gotten more narrow. is that a sign of an unhealthy market or another taking another well-deserved breather? let's ask dan greenhouse, strategist for asset management. welcome back. >> thank you, sir. what's the market? we are down, pacing 1% on the s&p and yields are down today, but they've been backing up and they're nervous. what's going on? >> listen, we've had

i'm scott wapner live from 900 this make or break hour with the nvidia surge continues yet again todayurther the stocks can run and what it means for the markets overall. near 7% in the meantime, the scorecard with 60 minutes to go in regulation more red than green on the board dow is negative as the

. >>> welcome i am scott wapner.ns with a rally, stocks going for the fourth consecutive day of gates but he moved back from the april bottom which some suggest is a sign there could be more to go. we will asked experts over the final stretch whether they agree. the scorecard with 60 minutes to go in regulation looks like that, a big green for most of the day but it has been leaking over the last 30 minutes. nasdaq is red. bond yields are mostly lower which has helped the russell 2000 outperform

. >>> welcome to the "closing bell," i'm scott wapner here at the new york new hampshire, this make orbegins with the bull market, whether or not it is in intact and more gains, we will ask our experts over the final stretch including the wharton school jeremy siegel he will join us momentarily. in the meantime, take a look at the score card, with 60 minutes to go in regulation, we got a pretty decent bounceback for stocks today following some revisions to inflation expectations that sent yields reversing lower.oc

welcome to closing bell, i'm scott wapner, live from post nine here at new york stock exchange.make-or-break hour begins with a make-or-break moment for this market. nvidia's earnings as dom was saying in an hour from now, rarely has one stock mattered so much. which is why over the final stretch, we'll size up what is really at stake this evening. >>> in the meantime your score card with 60 minutes to go in regulation. well it looks like this. we were green, well tech was green. some of the other sectors were green as well. fed minutes

i'm scott wapner. front and center this hour, stocks in search of new highs. another key inflation read hitting the tape today. the investment committee with me and, of course, they are making plenty of moves in the market. we will document all of those. joining me josh brown, amy raskin, sarat sethi and jim lebenthal. moving around, the dow is a touch negative. we need about 30 points or so for the new record high. 5254 is the nem to keep your eye on and we'll get to the markets. we do want to get to a number of moves we have today because we're pretty active in the investment committee. amy raskin, i start with you. you sold nike. >> yep. >> seems to me from the notes here you had it. >> we trimmed half our position, we spoke about a couple months ago, but we're done. the company is just not executing as well as it should. the brand is still great. we could come back to it at some point, but they're not executing right now. china is a risk for them, and, so, we're out of the position. >> the stock is down 14% year to date, down more than 20% over a year. the

. >>> all right, guys, thank you so much, i am scott wapner live from the new york stock exchange.final stretch including writ holds wealth management, josh brown, and new hedge cameron dotson with me. in the meantime, let's see the scorecard with 60 minutes to go in regulation. a cooler than expected cpi report, and we are watching the dow closely, should be a brown -- up 3807 for a new high and as you can see, we are above that

i'm scott wapner. front and center this hour, surging stocks following apple earnings and what might have been a perfect jobs report for the bulls and the fed. the investment committee debating that and the road ahead. joining me for the hour today, shannon saccocia, kevin simpson, and steve weiss. we're all at post 9. happy to see you guys. let's check the markets. we're green across the board. this surging stock market following yields, that's part of the story here. and what i suggest, weiss, really, i think, was a perfect jobs report for the bulls and for the fed. hourly earnings below estimates, unemployment rate rises slightly. yields fall. stocks surge. is it really any more complicated than that? >> it's not. and, you know what, i thought we had -- i wouldn't call it a perfect press conference from powell, but i think we had a really, really good one, and i would say very dovish. so you take that, you take the report today, and that's why the market is up. the market has been up the last few da

i'm scott wapner the growth trade as more big names get hammered in today's session. we asked the investment committee whether it is time to lighten up your exposure joining me joe terranova, kari firestone and shannon saccocia we're at post 9. we check the markets it's been up four days in a row heading into today the s&p is a marginal loser today. 5181 dow in the green mega caps are mixed. joe, i want to zero in on the state of the growth trade. i think that's the most important conversation that's being had now. you've had growthy names get hit pretty hard. let's talk uber. uber is down 9%. it's been a great performer. you and josh have talked about how great this stock has been. does this tell us anything about the state of the growth trade in the here and now it's not like the earnings report was that bad. >> i think it's a great example of a measurement for sentiment and positioning. if you think about growth, s&p growth over the last year is up 30%. you think about s&p value, it's only up about 18%. so where are our speculators positioned they're positioned mor

i'm scott wapner from post nine at the new york stock ck exchan on this friday.needed this week? a less hawkish than feared fed and a better than expected apple. no doubt two key catalysts behind this late week surge. we'll ask our experts over the final stretch where we go from here. look at the score card with 60 minutes to go in regulation. stocks getting an immediate boost today from that employment report. fewer jobs added, a bump in the unemployment rate sending yields

i'm scott wapner front and center this hour, the rally in stocks, the pullback in growth, at least some parts of growth the investment committee on whether it is time to rotate in this fast-changing market. joining me for the hour, josh brown, liz young, jim lebenthal. we're at post 9. we checked the markets we are green across the board. a nice little turn here. the dow is good for 160. the s&p hasn't closed above 5200 in a month since april 9th so we need to watch that and we will over the next hour. there's the nasdaq turning green as well. two areas of tech doing two distinctly different things. you're getting buying on the dips in mega cap and selling in the more growthy, high beta type e-commerce names, roblox, shopify, palantir, airbnb, match, uber. all of those are down reasonably significantly, certainly at the top of the list since they reported earnings. all of those mega cap stocks are up week to date. >> ask yourself the question, what's the difference between the growthy mid and large cap technology names you just cited and the mega caps, besides the size, what's the main

welcome to closing bell, i'm scott wapner, live from post nine here at new york stock exchange. this make-or-break hour begins with a make-or-break moment for this market. nvidia's earnings as dom was saying in an hour from now, rarely has one stock mattered so much. which is why over the final stretch, we'll size up what is really at stake this evening. >>> in the meantime your score card with 60 minutes to go in regulation. well it looks like this. we were green, well tech was green. some of the other sectors were green as well. fed minutes though, they're a little hawkish. market didn't like it very much. so we do have a bit of a selloff on wall street at this hour. a couple of stocks to note specifically lulu and target. well, they are down sharply after their earnings reports. those reports only raising more questions about the state of the consumer this afternoon. it does take us to our talk of the tape. where stocks are likely to go this evening in overtime. let's bring in our experts. a cnbc contributor, josh brown. ceo, cofounder. and also a cnbc contributor of the star

i'm scott wapner live from 900 this make or break hour with the nvidia surge continues yet again today. we'll ask our experts how much further the stocks can run and what it means for the markets overall. near 7% in the meantime, the scorecard with 60 minutes to go in regulation more red than green on the board dow is negative as the s&p, dow going backward dragged by health care and some of the standout names there. mostly weaker session as you can see. yields creeping higher 2-year near 5% again consumer confidence it was less bad than feared. some of the data of late has been pretty good yields backing up as a result. you saw with the 10-year doing there too. yields are green shares of texas instruments today. elliott taking a stake, a story reported by david faber. stock not doing too much that's interesting we'll ask stacy rascon about that the star chip analyst will be here at post nine. we can't wait for that biotech, insmed soaring on positive drug data takes us to our talk of the tape the road ahead for the markets with tech once again apparently in the driver's seat bring in

welcome to closing bell, i'm scott wapner live here at the new york stock exchange. this make-or-break hour begins on nvidia. on a terror lately, a big reason why the nasdaq has surged to new record highs. the big event of the week, nvidia reporting earnings tomorrow in overtime. so much at stake for the tech trade, perhaps the markets overall. we'll ask our experts about the final stretch including liz sanders who will join memo men tearily. 60 minutes to go in regulation looks just like that. we are green across the board, but there is a wait and see for the majors today ahead of those key earnings tomorrow. yields, they're lower across the curve today. we will continue to watch that. and which takes us to the talk of the tape. with stocks trading around record highs, is it time to lean into this bull market or step a bit back? let's ask liz ann sanders. she's schwab chief investment analyst, joining us live. nice to see you again. welcome back. >> thank you very much. happy tuesday, scott. >> you as well. what do you think of that question? time to lean in or mayb

. >>> welcome to "closing bell" on this friday, i'm scott wapner live from post 9 at the new york stock exchange, and this make or break hour begins with the run to record high probably won't get there today, but sure looks like that's the direction which we are heading we're going to ask our experts over this final stretch how far this bull run can go in the meantime, your score card with 60 minutes to go in regulation looks just like that. it's been a mixed day for the majors we are green across the board for the week that's the important part. we closed above 5,200 for the first time in a year yesterday -- i mean in a month, and we're hanging out there now. utilities, financials, they are among the standouts this week. yields are up a bit too on some hawkish leaning fed speak, and we're going to get to that in a minute as well it does take us to our talk of the tape the rally, how resilient this market can remain. let's bring in kevin gordon, charles schwab good to see you. it's been a minute. >> nice to see you >> this market's been incredible it's been resilient in the face of so m

welcome to closing bell, i'm scott wapner live here at the new york stock exchange. begins on nvidia. on a terror lately, a big reason why the nasdaq has surged to new record highs. the big event of the week, nvidia reporting earnings tomorrow in overtime. so much at stake for the tech trade, perhaps the markets overall. we'll ask our experts about the final stretch including liz sanders who will join memo men tearily. 60 minutes to go in regulation looks just like that. we are green across the board, but there is a wait an

i'm scott wapner live from post nine of the new york stock exchange this record run for your money and the so-called everything rally can keep going we'll ask our experts over the final stretch including erin brown who will join us in just a second take a look at the scorecard with 60 minutes in regulation today. nasdaq is leading. nvidia back to $950 a share. a couple days ahead of its earnings apple not far away from a new high as its comeback continues wealth financials are in focus, a new high earlier today for jpmorgan, holding its investor day today, ceo jamie dimon says no buy backs at these levels and the stock didn't like that and said he was, quote, cautiously pessimistic about the state of the world right now. we'll discuss coming up. it takes us to our talk of the tape, all that continues to rally and if it's a sign that more gains are on the way. welcome in pimco's erin brown. nice to sea you on the east coast. >> nice to see you as well. >> this everything rally pretty amazing. does it continue >> i think it does as we heard from the first quarter earnings season, strong

. >>> i'm scott wapner and this hour begins with 40k and beyond.cks make new milestones. >>> your scorecard with 60 minutes to go in regulation looks like this. after this race to new records taking a breather as you can see today. the major is mostly mixed. interest rate, they're a touch higher too. that may be capping activity just a bit and stocks, well, they could also be looking ahead to a busy week with nvidia earnings looming especially large next wednesday. it does take us to our talk of the tape. what is ne

. >>> i'm scott wapner and this hour begins with 40k and beyond. what immediates to happen to have stocks make new milestones. >>> your scorecard with 60 minutes to go in regulation looks like this. after this race to new records taking a breather as you can see today. the major is mostly mixed. interest rate, they're a touch higher too. that may be capping activity just a bit and stocks, well, they could also be looking ahead to a busy week with nvidia earnings looming especially large next wednesday. it does take us to our talk of the tape. what is next and how much rides on nvidia's numbers? let's welcome jordan jackson is global market strategist for jpmorgan asset management and stephanie link, hightower's chief strategist and portfolio manager and cnbc contributor, both here at post 9. great to have you. jordan, a momentous week obviously, and i think the question on everybody's mind is now what? what do you think is next? >> i think we've got some further upside from here and i think we could see another 5% to 10% upside from here. the reaso

. >>> all right, guys, thank you so much, i am scott wapner live from the new york stock exchange. this make or break begins with record highs. we will ask our experts over this final stretch including writ holds wealth management, josh brown, and new hedge cameron dotson with me. in the meantime, let's see the scorecard with 60 minutes to go in regulation. a cooler than expected cpi report, and we are watching the dow closely, should be a brown -- up 3807 for a new high and as you can see, we are above that level. closing high for the s&p and for the nasdaq and also extending that, 5300 on the nose there for s&p 500, so we will track all of it over this next hour of trade. rates are lower across the board and that means tech, utilities are leading the way, too. let's take a look, there is text, utilities, and small-cap getting a nice bump, as well. apple has been on the tear lately, now back above $900 per share. or, 190, i meant. $190. i'm getting a little bit ahead of myself. let's get to the ai announcement first. maybe an iphone refresh. you get where i'm going. technology wil

. >>> welcome to the "closing bell," i'm scott wapner here at the new york new hampshire, this make or break hour begins with the bull market, whether or not it is in intact and more gains, we will ask our experts over the final stretch including the wharton school jeremy siegel he will join us momentarily. in the meantime, take a look at the score card, with 60 minutes to go in regulation, we got a pretty decent bounceback for stocks today following some revisions to inflation expectations that sent yields reversing lower. stocks higher. technology, one of the best groups today and by the way, the nasdaq right now is above a new closing high. so we need to track that over the final stretch as many of the mega cap, including nvidia, see nice gains today pretty good day, too, for discretionary stocks like decker, surging after its earnings it does take us to the "talk of the tape". the road ahead for the rally let's welcome in professor jeremy siegel, wharton professor. glad to have you here. >> happy to be here. >> and we have nvidia, knocked the cover off the ball again and a turbulen

i'm scott wapner live from post nine at the new york stock exchange this make or break hour begins withhe markets on edge as critical inflation data looms large. the recent rally back from the april lows potentially hanging in the balance we will ask our experts over this final stretch what is really at stake this week with the release of ppi and cpi reports. our guests today including sara naison-tarajano in goldman-sachs. in the meantime, take a look at the scorecard. we're still less than 1% away from those new all-time highs. may not get there today. we're led by apple and some of those higher beta growth names and we're watching alphabet shares closely today as openai refreshes its chatgpt chat bot, what it means for investors as well >>> in the broader markets, well, most s&p sectors seeing modest losses today. small caps are outperforming yields are down. so, what else is new the russell is up. we'll watch that over this final stretch. it does take us to our talk of the tape, whether the bull market is at serious risk or not. let's ask dan greenhaus, chief strategist for solis yo

i'm scott wapner front and center this hour, the state of the growth trade as a committee member makes a big move in the space today and headliner, brad gerstner joins us with his outlook today as well joining me for the hour, josh brown, joe terranova, stephanie link, jason snipe. we do check the markets here green across the board we do have the s&p up three days in a row coming into today we're looking to build on that almost a 5200, yield, as carl said, 10 year is down, 4.43. we'll watch all that we're going to get into the growth trade i do want to get a trade, though, because we begin with a "halftime" trade alert from bill baruch he does join us because he has bought crowdstrike why did you do that? good to have you on. tell us about this trade and why you decided now is the right time >> thanks for having me on we know crowdstrike had a big reaction after the earnings report earlier this year, and then it sold off pretty well we stayed away from traditional cyber security over the last year, and really missed a name like this in the bull market in 2023 not saying we have quite

i'm scott wapner from post nine at the new york stock ck exchan on this friday. did the bulls get just what they needed this week? a less hawkish than feared fed and a better than expected apple. no doubt two key catalysts behind this late week surge. we'll ask our experts over the final stretch where we go from here. look at the score card with 60 minutes to go in regulation. stocks getting an immediate boost today from that employment report. fewer jobs added, a bump in the unemployment rate sending yields down, major averages higher. there is the rate picture today. 450 on the ten-year. apple helping too. that stock having its best week since december of 2021. results less bad than feared, and the announcement of a massive buyback the main catalyst there. it takes us to our talk of the tape. is this the week that apple found its footing. le i look at your notes today, you say, quote, it is hard to not be more bullish on apple here. why so? >> sure, so i think the risk ultimately coming into earnings was a fear of a guidedown. we got a guideup. so, we move past

scott wapner reported yesterday that the selling price was $120 per share and netting $1 billion on thexit. this exit came after trian partners lost the proxy battle with disney. here's peltz on cnbc after that defeat. >> i hope bob can keep his promises. i hope they can do all the things they assured us they were going to do and we'll only watch and wait. if they do it, they won't hear from me again. if they don't, jim, you may be seeing me on your show next year doing this same thing again. >> so nelson is gone fornow. i still think if the price were to come down and he thought there was another entry point -- >> it has come down. >> he could come. the question is would he come back? >> he sold at 120. >> i know. >> how lucky he is he? >> he made $1 trillion. >> how many shares did he have total? i'm trying to figure out the entry price. >> he didn't have a ton of them. it was like pearl -- >> if he bought at 100, i don't know if he would have made any money at all. the promise of all these things iger is doing running head long. >> you need to figure out how to make money on content.

. >> earlier, i said, the stock is down 15, 16, 17 -- kind of auc auc auction nearing, like scott wapner said yesterday. the focus is more on cash flow and the street doesn't want it to be on cash flow? >> they wanted it focussed on margins, and it was all about margin improvement, which they delivered on. >> mark was a little conflicted on the fact that they gave the activist what they wanted. >> you can't do anything -- well, maybe you can, but in this case, your customers are ordering a little less or taking longer -- >> he's going to make an acquisition. that's what he's saying. >> so he's going to buy hubspot. but the fdc won't even let the booksellers -- >> yeah, that's the question for alphabet. >> the ftc is ony team. they were going to go have to by tapestry -- >> software is waiting in the s&p now lost now two semis. >> i was mocked and i took it personally, and i said nothing. it's enterprise software that is problem. >> i didn't mock you when you said that. >> play it. >> he mocked the heck out of me. >> why not? >> there are two kinds of engineering software going on -- i me

. >> scott wapner. >>> let's move to the deal of the day this morning. it is in the oil patch. oil corporation, not to be confused with marathon petroleum, by the way. we've got the right one up there. we have, i'm not saying we haven't. mro is the name. up almost 9%. the premium above that, in fact, over the stock price yesterday. it's an all-stock transaction. .255 for each share of marathon. worth roughly $17 billion, at least time of the announcement. you add in over $5 billion in debt, getting close to a $22 billion enterprise value overall. conoco saying it's accretive immediately to our cash flow and our earnings. they also have a plan to return some capital. they increased their dividend, and then they also have a plan in place to buy back more stock, $7 billion in shares, in fact, after the first full year of the deal. that would be up from $5 billion on a stand-alone basis. targeting as much as a $20 billion repurchase in the first three years following the completion of the transaction. as about two billion barrels according to the u.s. portfolio. and you can look, i