All right, Brian, thanks so much. Welcome to closing bell. I'm Scott Wapner live from Post 9 here at the New York Stock Exchange. This make-or break hour begins with stocks at record highs.

Take a look at the scorecard here with 60 to go in regulation. The S&P trading above 7,000. Had to get above 7,000 to and change. And it did that within the last hour or so.

Don't forget the NASDAQ.

Look at it.

Up better than one in a third percent.

It's the biggest winner today.

It's above a closing high as well.

We'll keep an eye on all of the numbers as we've progressed through this final hour.

Microsoft is up sharply.

It's been a very big week for that name and a much needed needed one as you know. Look at that. 5% green? I haven't seen that in a minute, have we?

Nvidia's been up for 10 straight days. Apple is nicely higher as well. Meta and Broadcom in a

partnership. Both stocks are moving on that news today and nicely so. Tesla is surging on an AI chip breakthrough and an analyst upgrade today. That stock up better than 7%. All of it takes us to our talk of the tape, this run in stocks and whether they've got enough steam now to keep going. Let's ask our headliner today. Tom Lee, he's Fund Stratt's head of research, chief investment officer, also a CNBC contributor, and it's good

to have you back. Welcome.

Great to see you, Scott.

Told us that you thought the bottom was in and that new highs were in reach.

Here we are.

Now what?

I know this is going to sound counter to what the viewers might think, but I think the

stock market is in a better position today than earlier this year when it made its all-time

high.

Because one, we're now seeing that the U.S. stock market can handle a surge in oil while

it hurts other countries.

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