 or as chief executive offer rather for rather for that time and Here to discuss auto stocks and much more like today's Dow intraday high as our friend the CEO of the stocks Who's Melissa Armel Melissa welcome? We haven't seen you in a couple of weeks. We're so pleased to have you back What do you make of the market moves today? It just breached over that 27,000 right? Well, we got up close to it. We didn't get over we almost touched it We didn't quite get there we got so close though and it looks like we're gonna get there But I will tell you really quickly we closed off of that high So there the interest rates I think spoke the market later in the afternoon bond rates touched around three point one four percent intraday and so because of that the market sold off a little bit after two o'clock this afternoon But all in all we did get close to 27,000 in the Dow We broke new records today and the market overall is very bullish going into the fall period here now It's a first week of October earning season starts next week the big banks report next week So it's gonna be a very exciting time to to watch the market which which are the big ones You'll be looking for next week Melissa JPMorgan Chase is one of the big ones out next week and of course Wells Fargo City These are those are all the big banks to watch in Goldman Sachs although. I don't sure if Goldman reports next week I have to check the date the biggest though earnings week to watch is not coming up until the end of the month It's when Apple reports in Amazon and Google and Amazon Reports in the 25th so that last week of October first week in November is the busiest when you have the tech companies But it starts next week So next week is a launch of the earning season with the big banks and you should see some movement So again with interest rates rising you have the bank stocks rallying and that is one of the reasons also Why you've had the lift in the market and we'll also have I guess we'll have on Friday the jobs report too So we'll also be looking toward that see if that has any Impact, I guess if it's just about the same a couple hundred thousand jobs not much But maybe there's an outlier there that could move markets Melissa. Let's move to Auto stocks in particular You know, it's not that big a deal I guess that the car sales were down in September if it is in fact as the analysts say due to The surge in people going out because their cars had flooded in Louisiana and in Texas because of a hurricane Harvey But GM GM GM motors was the one that took the largest loss Give us a little bit about their stock. What do they've been doing lately? Honestly, that stock does not look good at all. I would not say it's a buy right now That stock has been dropping that stock General Motors isn't a downtrend I don't know what's going to turn that around right now And it's the same thing with Tesla Tesla stock doesn't look that great either even though it had a big jump up on that news that you discussed With Elon Musk it bumped up 50 points from that But it's still hanging and that stock dropped today and when you have the market at new highs And you have these these auto companies like General Motors and Tesla that are trading lower. That doesn't that doesn't look good I wouldn't say that I buy either one of those stocks right now Yes, it might there is a decline definitely from the last quarter records But typically the best time to buy a car isn't into the end of the year winter period That's when you get the best deals So there we may have some different numbers come the end of the season here Let me ask you a little bit more on Tesla and you know look they were He was sort of the you know the golden child and he has been he's got SpaceX He's got all the things going on and and but he was constantly upset by the Shorts by the guys going short on the guys and gals going short on Tesla saying that it wasn't going to make it And then he issued that tweet saying that the funding was secured Which it you know the sec found there was no of funding secured which is why they they went after him But had that not happened Melissa You know they had the production problems, but now that they've overcome that Do you think had that not happened and he wasn't you know? Smoking something to Ferris on TV not long ago Wouldn't that have really put Tesla stock in for lack of a better phrase the driver seat Right they had this huge production number over 80,000 cars of this is the news that came out that created the bump up in the stock I think if he hadn't said what he did or tweeted what he did then maybe the stock would have held on it could have been back up at The highs even today the way it straight is nowhere near the highs the previous high in Tesla Which it retested after that tweet before they realized you really didn't have the funding was around 387 So that's we're far off the highs today. So yes We this the stock itself would have performed better I believe had he not had this tweet and had he not had these issues and clearly it cost him personal money and it cost This the company money too because they had to pay the fine Hopefully this is the end of it and it's over and done with it They can just move forward to continue with production and and have a good quarterly earnings report at the end of this year, too And real quickly Melissa when are we gonna I thought we had gone over? The the 27,000 I was looking earlier and it was so close But what's your prediction gonna happen tomorrow the next day next week? What do you think? Well, here's the thing and this is you were talking about the ACON that's coming out on Friday morning. Don't forget the political stuff Bart This is a big couple of days here for politics in the United States and with everything It's happening with the Kavanaugh hearing So I think it's there's a two-fold the numbers that are coming out on Friday The market retesting the highs are going over the highs in the down retesting the highs at the SMP And plus you have all this political hubbub that's going on So anything could happen the next two days Thursday and Friday in the UMS markets could be a very volatile period Meaning we could have a big move up or we could drop off here after this big move up because I don't really know the outcome of the Numbers Friday, and I don't know if they're gonna confirm Kavanaugh or even have the vote by Friday Which they're planning on doing but who knows if it'll happen The always informative and entertaining Melissa Armo to see all the stocks which thanks Melissa. Good to see you Good to see you