. >> welcome to the halftime report i am frank holland in for scott wapner the sell-off and growth stocks, they continue. should you buy on the big drop and should you just stay away? will this spark a bigger pullback in the market overall as we head to year end plus one of our commit members making a big move in one of the faang names. joining us for the hour jenny harrington, steve wiss, joe terra nova and jon najarian, co-founder of market rebellion.com. the market trying to avoid a third down day recouping big losses froea

welcome, scott. >> hey i'm scott wapner in for wilfred frost. there's serious pressure again on the nasdaq. tech and consumer discretionary the big decliners. seeing the moves on the back dollar tree is higher and energy outperforming as prices climb despite the moves by the white house. >>> coming up on today's show, could the best buying opportunities be abroad? we'll ask mark mobius. plus the ceo of hyatt, the hotel chain, to join us to talk holiday travel. >>> let's focus on the big stories today. mike santoli is looking at the tech tumble and joining us for energy is helena kroft mike >> it is bumpy out there especially below the surface the s&p 500 itself is knocked around a little bit and absorbing it okay thapgs to strength in banks and energy stocks 1.5% off the record high it is maybe starting to look like 4700's going to have significance as some kind of a short term ceiling but at the lows today didn't get to last week's lows. until you get there we'll not talk about more than a wobble. there's pain below surface the crowded position

i'm scott wapner, front and center this hour, a stunner from the street's most bullish firm which says stocks could hit a near-term peak this week that firm none other than fund strap. its chief strategist none other than tom lee weighing in momentarily on the next move joining me brenda vingiello and joe terra nova and anastasia omarosa. stocks are lower, the s&p is just a smidge positive and the nasdaq's

welcome, scott. >> hey i'm scott wapner in for wilfred frost. there's serious pressure again on the nasdaq. tech and consumer discretionary the big decliners. seeing the

i'm scott wapner front and center, what happens to stocks in the weeks to come is a reckoning for the techtrade now the biggest risk to your money? we'll debate that with the investment committee joining me for the hour today, brenda vinjello, joe terra nova, jon najarian co -founder of rebellion.com. closely watching that, and it's very much wait and see the dow's down 70. s&p is a fractional loser and ten-year note yield 156. all right, joe it's all about today, if we get to taper and if rate expectations are pulled forward, we'll see what happens this afternoon and we're going to watch rates closely and we're looking at that techtrade because i'm wondering whether the reckoning that some had talked about happens >> think it does happen, but i think it happens in a very bifurcated way, scott. so large cap, mega-cap technology where the cash flow generation is in the present it's the here and now and it's a short duration asset that would be okay, but more long duration assets where the questioning on when the cash flow is going to be delivered and when i talk about those names i'm t

i'm scott wapner the red hot inflation and what it means for the record rally with the fed and your money. we'll debate that with the committee. we'll have wharton school's jeremy segal joining me for the hour today, jenny harington, joe lebenthal, joe teranova and the founder of rebellion.com. everything else not moving off that much and we are, of course, waiting for that first trade i

i'm scott wapner front and center, why stocks keep rising and interest rates keep falling and what that says for your moining joining me, stephanie link, sarat, s co-founder of market r rebellion.com. it's been an interesting one for sure you have the dow, the s&p and the nasdaq all negative, but look at those stocks in the bottom because we have big stories developing today ge splitting the company and we'll talk about that, obviously, roblox, a huge winner

i'm scott wapner the week that either confirmed the rally or questioned it joining me for the hour, kerry firestone, co-founder of market rebellion. the winning streak yields and the ten-year note yield 157. 1.57%. we'll get to that debate and it's a good one to have, but we have to get down to d.c. kayla tausche has breaking news. >> the white house is confirming that president biden will hold a virtual bilateral summit with china's president xi

i'm scott wapner the week that either confirmed the rally or questioned it joining me for the hour, kerry firestone, co-founder of market rebellion. the winning streak yields and the ten-year note yield 157. 1.57%. we'll get to that debate and it's a good one to have, but we have to get down to d.c. kayla tausche has breaking news. >> the white house is confirming that president biden will hold a virtual bilateral summit with china's president xi jinping on monday evening following the president's signing of that bipartisan infrastructure bill the white house press secretary tells cnbc that the purpose of the meeting will be to set the u.s. intensions and priority and be clear about the concerns that the u.s. has the people's republic of china. it is to responsibly manage competition and cnbc's christina will key that the president does not want conflict with china, but the u.s. believes such guardrails are needed to defend a world based order. so such an interesting conversation going to be taking place on monday evening. the white house confirming so we will see how that goes down, scot

i'm scott wapner front and center this hour, new record for stocks and optimism for the country as the jobs report easily tops expectations and pfizer reports incredible news for its covid pill. the investment committee now debating how far this rally can go we will hear momentarily from strategist tom lee who called this record run. joining me for the hour today, brynn talkington, jim sapperstein, jim lebenthal the s&p 500 above 4700 the nasdaq 16,000 for the first time ever and lower for the yield, 146 on the back of that news we got and take a look at those four stocks at the bottom of your screen they are some of the day's biggest movers they are in our wheel house today. our committee owns them. you will get cameos today from kerry firestone, stephanie link to talk about each of those stocks and what they are doing right now. we're very excited about that. farmer jim, i'm going to start with you mr. all in, you get the first word because you've been the most rate. >> scott, judge, you honor me and i appreciate you coming to me on a day when i just feel great, and i felt great all

i'm scott wapner front and center the stunning numbers of names bailing on big tech what it says about your next move bryn talkington, jason snipe, josh brown, jon najarian co-founder of market rebellion.com. russell is a touch lower it's basically flat. there's the ten-year note yield 162. it's the nasdaq that was lagging early on everything's about the same as we speak home depot is giving a nice lift to the dow earlier not quite as much right now and tech is where we'll kick things off the release of the closely watched filings showing several big-name investors selling down their tech holdings and leslie picker following it and what do we make of what we've learned here, les? >> it's difficult to say whether this is a big sentiment shift or if it's profit taking in light of what they saw during the third quarter. so we did, given the managers that we track see some pulling back during the third quarter reducing his position in amazon by 44% that stake now worth about $250 million. andre as halverson after holding $1.6 billion worth at the end of q2 now that stake worth two-third wa

i'm scott wapner, front and center this hour, a stunner from the street's most bullish firm which says stocks could hit a near-term peak this week that firm none other than fund strap. its chief strategist none other than tom lee weighing in momentarily on the next move joining me brenda vingiello and joe terra nova and anastasia omarosa. stocks are lower, the s&p is just a smidge positive and the nasdaq's albeit, we do focus on the eyebrow raiser on the chief technical strategist who says this week could be a turning point for stocks at least in the near-term. let's welcome in tom lee i appreciate you joining me on what is an interesting note, tom. thanks for being here. >> great to see you, scott you're the head of technical strategy, and newton believes it might be the head by the end of this week and it can retrace 38 to 50% of the move from october, before markets can push higher into december. so we're about 9% higher since the beginning of october let me ask you first and foremost, do you agree with your chief technical strategist on what he has to say >> mark has been exception

i'm scott wapner front and center the stunning numbers of names bailing on big tech what it says about your next move bryn talkington, jason snipe, josh brown, jon najarian co-founder of market rebellion.com. russell is a touch lower it's basically flat. there's the ten-year note yield 162. it's the nasdaq that was lagging early on everything's about the same as we speak home depot is giving a nice lift to the dow earlier not quite as much right now and tech is where we'll kick things off the release of the

. >> welcome to the halftime report i'm scott wapner the state of stocks and the state of your money as stocks hit record highs yet again the fed begins its most pivotal meetings in years, perhaps will these next two days end or extend the rally we'll debate that with the investment committee joining me for the hour today, stephanie link, jason snooip, jim linen that will, and took the words right out of my mouth. first all-time high for the russell since march 15th and first all-time high for the dow transports since may 10th. beginning 153 is the-year-old on the ten-year and we'll get to everything that is at stake. first, go to in all in, jim lebenthal because he's not all in, i guess, because he's trimming stocks and notable ones in his book today including microsoft and alphabet and tractor supply you're adding to some name, too, and let's talk about why you're trimming those, too. >> there is no change in my net-invested position. i'm still all in this is portfolio management and google, microsoft, tractor supply let's start with google. it has risen to a 9% holding in many acc

. >> welcome to the halftime report i'm scott wapner the state of stocks and the state of your money as stocks hit record highs yet again the fed begins its most pivotal meetings in years, perhaps will these next two days end or extend the rally we'll debate that with the investment committee joining me for the hour today, stephanie link, jason snooip, jim linen that will, and took the words right out of my mouth. first all-time high for the russell since march 15th and first all-time high for the dow transports since may 10th. beginning 153 is the-year-old on

. >> welcome to the halftime report i am frank holland in for scott wapner the sell-off and growth stocks, they continue. should you buy on the big drop and should you just stay away? will this spark a bigger pullback in the market overall as we head to year end plus one of our commit members making a big move in one of the faang names. joining us for the hour jenny harrington, steve wiss, joe terra nova and jon najarian, co-founder of market rebellion.com. the market trying to avoid a third down day recouping big losses from earlier today, rising yields. they've been fueling recent declines and the ten-year hitting 1.86% and obviously, fast-rising yields on the 10-year and that's having a big impact on tech names and let's just talk about it, and we'll start things off looking at the high growth names and a lot of those high growth stocks have been hit pretty hard by the rising yields and i'll start off with you, if you don't mind and as a chance to buy the dip and you're moving away in the moves with the ten year that we're seeing >> it would be hard to move away since we were never in

i'm scott wapner front and center, why stocks keep rising and interest rates keep falling and what that says for your moining joining me, stephanie link, sarat, s co-founder of market r rebellion.com. it's been an interesting one for sure you have the dow, the s&p and the nasdaq all negative, but look at those stocks in the bottom because we have big stories developing today ge splitting the company and we'll talk about that, obviously, roblox, a huge winner today. robinhood, paypal, ford also in the news pete, i'll begin with you. you have the nasdaq up, the s&p up eight days in a row and there's that thing that i mentioned, the vix starting to rise a bit what's the message in that, do you think? >> yeah. i think over the last couple of days we've been watching that volatility index elevate more, if you go back yesterday and look at it, we've started to see that movement despite the fact that we were in a positive market we had the dow that finished up 100 points and we were positive on the nasdaq and yet the volatility index was growing to the upside we're seeing it more so today and

i'm scott wapner front and center, what happens to stocks in the weeks to come is a reckoning for the techtrade now the biggest risk to your money? we'll debate that with the investment committee joining me for the hour today, brenda vinjello, joe terra nova, jon najarian co -founder of rebellion.com. closely watching that, and it's very much wait and see the dow's down 70. s&p is a fractional loser and ten-year note yield 156. all right, joe it's all about today

i'm scott wapner front and center this hour, new record for stocks and optimism for the country as the jobs report easily tops expectations and pfizer reports incredible news for its covid pill. the investment committee now debating how far this rally can go we will hear momentarily from strategist tom lee who called this record run. joining me for the hour today, brynn talkington, jim sapperstein, jim lebenthal

i'm scott wapner the red hot inflation and what it means for the record rally with the fed and your money. we'll debate that with the committee. we'll have wharton school's jeremy segal joining me for the hour today, jenny harington, joe lebenthal, joe teranova and the founder of rebellion.com. everything else not moving off that much and we are, of course, waiting for that first trade in rivian, that is where we are going to begin phil lebeau, are we getting close? >> we are close, scott and we see the indication at $115 a share. this will close, the largest ipo of the year and some people might be saying, $115, wait a second, i thought this was going to be indicating at $72 to $74 oh, no the indication was raised last night to $78 a share they also upsized the number of shares that will be part of this ipo. that's 153 million shares and there's ceo r.j. scaringe virtually ringing the bell from their company's plant in northern, illinois they'll raise more than $11 billion with this ipo. a chunk of that, a good chunk of that will go towards expanding production in the future why? well, t