 have we got a Friday morning show for you in a moment a special treat we've brought back a lady who was made her first appearance on Varnian Company just yesterday but she was so good and we like what she had to say so we brought her back and she's gonna offer commentary right from the get go just as the market opens and it will open in about 15 seconds time the tap basically this is a wait and see day I would say yes we wait to see if we can come to a deal with Canada yeah we're waiting to see if Amazon hits a trillion dollar valuation we don't have long to wait three two one boom 9 30 Eastern time and a Friday morning and we've opened lower not much so far we're down 20 we're down 23 we're down 30 do I hear 35 do I hear 35 no I hear I see 29 points lower in other words a fractional very small loss right from the get go this Friday morning okay that's the Dow show me the S&P please where is that it is down a tiny fraction point one five percent I think it's pretty much the same story on the NASDAQ show me that please down one tenth of one percent and still way above the 8,000 level how about that big tech names most of them did pretty well yesterday I draw your attention to Microsoft which went to 112 is only down a fraction this morning Amazon moving up again $7 higher at 2009 Apple it's in the news we'll discuss it it's at 226 as we speak alright let's take a look at Tesla in the news very much as usual Warren Buffett says Apple should not buy Tesla we've got more on that believe me because that's a big deal who's with me on a Friday morning I'll tell you right now Jeff Seeker and the aforementioned but unnamed Melissa Armo welcome back Christina parts and everless joins us and so of course Ashley Webster I want to get this start on the on a solid note so I'm bringing back Melissa because you think the market goes straight up from here 27,000 on the Dow by the end of the year definitely by the end of the year it could even happen sooner this rally even in the S&P I was thinking 3,000 of the S&P and we got over 290 two weeks ago I said 3,000 and then we got hit over 290 today is a critical day and let me tell you why because we're going to find out today if Canada is going to agree to these tariffs with the US and let's just say we do say everything turns out great expect the market even though we're opening down to take off into the close into a holiday weekend if we don't I don't think it's that big of a deal though because we've had such a great rally the extraordinarily bullish Melissa Armo ever optimistic stay right now wait a second it's Friday Jeff Seekers on the show so are you gonna pour cold water over our newcomer our new star of the show go and I was then I was the old star of the show so welcome to the new star you know and I understand the optimism all this optimism ignorance is bliss I get it but the issue I have with the market is now you know we have a year the market is up I think six and a half percent the market's done okay and an economy that's done great what I see now after this incredible bull run with a market that's been driven by five stocks that account for about 50% of the appreciation the S&P 500 we're beginning to see the possibility of pullback on those five stocks that will affect the market short from bullish to bearish thank you even if we pull back take that seeka it doesn't mean we're gonna turn from bullish to bear so far away from going bearish it's we're so far away from this market going bearish it is unlikely to happen and if it had it would have happened earlier in the year when we had a huge massive sell-off I'm just telling you well we have a market that's up six and a half percent hasn't had a pullback in a while and yes I'm looking at the charts to and what I see is a very narrow market that's going towards the fangs the big tech companies and what I see is a lot of investors who've been starved out of the bond market in the stock market that are anxious to take profits because the market can't go up true but if they won't take profits if they think these stocks are going higher if you think Apple's going up to 250 if you think Amazon is going up to the next number I forget what analysts came out 2500 a share then they're not gonna get out here okay we've got the whirlwind and I have to I have to move on okay this match Coca-Cola getting into the coffee business they're paying five billion for Costa that is a British coffee outlet Chris Christina I think that they're going to make I think they're gonna turn Costa into a global rival for Starbucks you have the CEO of Coca-Cola saying that this is a coffee strategy not a retail strategy and they do plan to possibly open some new stores very shortly in Asia so there's a whole other market that they can tap into there and they're saying they gotta they gotta shift away from the sugary drinks think of it like that because coke hasn't been doing so well everybody's talking about these fizzy drinks now so sparkling water seltzer those are doing really well like what is it like claw and spin drift so why not focus now on coffee even though if you look at the market it's heavily saturated their Starbucks everywhere Mick cafe does very very well as well so it's gonna be tough for them to compete but at least they're entering the market okay I think it's a very good very good right Warren Buffett says Apple should not buy Tesla it would be a poor idea that's what he said that kills any possibility doesn't it's really hard to disagree with Warren Buffett he's very successful he's been around a long time and also Apple's taking off like a rock at Tesla's had so many difficulties why why would they want to get involved with that well you're gonna take the other side on this no well here's the thing you know I know I've said it before I know lemonade stands in New Jersey that make more money than Tesla so I agree 100% with Warren Buffett that nobody nobody should buy Tesla because sooner or later Tesla is gonna be given free to some company to just take them another automaker to just take them over and get them into this mess that Elon Musk has created for them all right Jeff okay moving on Apple is gonna unveil new iPhone September the 12th Christina we have some idea of what they're gonna release yeah there's three phones in the I watch and so some of the three phones one of them is gonna be in gold you have one that's gonna possibly be the iPhone XS which just pretty much shows that Apple is upgrading that phone there's gonna be a larger phone a more affordable phone and then there's also the Apple watch too that's gonna be have a larger screen there's some rumors that there's gonna be even a UV index on there so you know the UV level outside and I want to show this so we can bring it up the invitation that was sent off to those that are invited to the big September 12th affair it's a circle called gather around there's a debate about what this circle actually means does it mean the the new I watch for I know it's like it's the people like to they get excited there's hype around I'll tell you what it could also be the campus was it mean this is my opinion it means they keep releasing new versions of all around and they now they're painting the phones and now they're bolting on all these useless gadgets you know this to me yes the iPhone is a trillion-dollar product a lot of people that are anticipating Apple move up it's not gonna move up by rolling out another iPhone they need more they need other products just put Apple stock back up on the screen will you please because I think it's back to another record high I believe it's now at 220 okay 226 I saw it a moment ago 227 with seven minutes in and the down industrial is a down 47 points as we speak now some individual stocks are moving I'll start with that did you see that it's up 27 percent rosy forecast up 27 percent look at the discounter big lots profit and revenue falling short and not so rosy forecast down 9% look at a altar that's a series of cosmetical salons isn't it cosmetics that's what it is okay while they're up look at that they're up 8% as we speak Boeing they want a big contract to build a navy drone they know Boeing shares have been pretty much riding high you like it no I do like Boeing I think the the reality of what's happening with drones and artificial intelligence in general the fact that we have President Trump is spending more money on defense will absolutely benefit that's one thing we might agree on today Boeing rides on the headlines every day of whether we're gonna have a trade deal with China or not because that and caterpillar those types of stocks are always the trade you know the the proxy for trade headlines and so it's been a rough ride for Boeing but I think the in you know the fundamentals are excellent the one thing is though that stock have made new highs before the S&P did and any stock that is moving ahead of the market which Apple did Amazon did and Boeing is one of them too is a good buy so any stock that's moving ahead of the market is extremely bullish even more so so those are the stocks you want to look for Microsoft to that you want to get in and go long they're moving ahead of the market okay do you own Boeing by the way no you don't I just I'm telling you what I like okay Microsoft first day second day sorry second Walmart ramping up its toy inventory toys are always gone of course Walmart was what actually you know Walmart put toys are us out of business in the first they did and they're doubling down with us again they're gonna put in like 30% more toys in stores 40% more online some are gonna be there's like a thousand exclusives toys 300 brand new ones they've been doing massive amounts of research putting a bunch of kids in a room having them play with all these prototypes to come up they want to be the toy store okay before we move on before we close out the opening of the market Jeff Seeker tell me a stock that you really like and that you would buy today aggressively I would aggressively buy TJ Maxx today in line with the recovery I believe is happening in brick-and-mortar retailers I would buy TJ Maxx as much of it as I could buy they own Marshall's totally they own Marshall's home since they have a model that everybody thought Amazon and I'm a big fan of Amazon as you know I was gonna be annihilate was gonna annihilate all brick-and-mortar TJ Maxx found the the magical ingredient which is this treasure hunt yes constant everyday bargains people are flocking to the stores lines out the doors TJ Maxx is an incredible retailer okay there's a fine note to end it on Seeker it is 940 Eastern times we have to say goodbye to Jeff and two minutes so thank you very much for joining us again I'm sure you'll be back and so will you actually surprising enough thank you very much check that big board we're down 45 points as expected in the very early going 25 9 is where we are look at the video game maker electronic arts took a hit after announcing its delaying one of its big games look at that drop full story coming up that is a drop and a half Canada has until the end of this day to get on board with a trade deal or face some tariffs they're in a toss spot they need us more than we need them more Vani after this