Were going to give them more. Target soaring today if youre looking to buy the stock now, have you already missed the mark . We will debate plus, we are following the after hours action in shares of both nvidia and l. Brands both stocks on the move after reporting results. Well break down the numbers a surprising stat on l brands that i promise you did not know. Later, bonawyn is taking to the mound to pitch his next best idea why he thinks this housing play may be a total home run. We are going to begin now with breaking news on airbnb and their plans to go public lets bring in deirdre bosa with more on the details. This is a filing that we have been waiting for for a very long time however, airbnb filing confidentially so well have to wait a little longer this isnt unexpected. A source told me airbnb could file as soon as august and shares could trade this year just because you file confidentially doesnt mean you have to ipo any time soon. What may be surprising is that airbnb is fav
We are monitoring his comments right now for any news that breaks. We are on this event for you. Meanwhile, got to look at the markets. Kicking off the first trading day of september with new records for the s p 500 and the nasdaq, and the dow is back in positive territory for the year. We shall see if these numbers hold through the rest of the hour. You know, septembers traditionally the worst month of the year for the stock market. But we are going to ask our floor show traders if they expect september 2020 to follow the usual pattern, because nothing about 2020 has been usual, to be clear. And we will get a view from the farm as harvest season is fast approaching. We will talk to one soybean and corn farmer about how he sees the phase one trade deal playing out in the middle of the coronavirus pandemic. Plus, the state of spacs. A giant in the Media Industry is turning to the world of 3d printing to tell us why he is now taking desktop metal public. Less than an hour to the closing
The dow gaining 188 points, nasdaq surging 2. 3 . This is an important snap back because it gives us a glimpse into the future. Lets start with the set up. If you listen to the wise men of the hedge fund energy, theyre telling you believers will be crushed. They loved the market a month ago. Many of their fears are legitimate they have trillions of dollars in debt. The Oil Companies alone owe hundreds of billions of dollars. They cant pay it back in crude. Airline is toast supply chain could cost 60 billion. The hedge funds i listen to, well, theyre warning of 25 unemployment thanks to the government mandated lockdown. Thats not a great recession, thats Great Depression with a c. You cant have a Restaurant Industry if youre an allowed to go to restaurants. Hotels sold to you malls, malls are bowling alleys. Actual bowling alleys, baby boomer storage lockers arcane dollar trades, ooh, really scary, devastating. And as Small Business finished time to break out the apple stands and the sa
How about china trade . Thats a standoff. Lighthizer and mnuchin have been on the phone to their chinese counterparts. The chinese say we called them. President xi and President Trump will meet just within days. Back home, a standoff on money for the border crisis. The democrats cannot agree among themselves on new cash for detention facilities. Children are suffering. A vote on emergency aid which was supposed to take place today might not even make it to the floor of the house. Just wait until you see how gold and bitcoin are reacting to all of this. And wait until you hear about a massive 60 billion buyout in the pharma business. Lets get on with it. Varney company is about to begin. Stuart right. This is a whopping great big merger. Got to tell you about it. Abbvie says it will acquire allergan in a deal valued at 63 billion. Ash, what does allergan have that makes it worth this huge premium offer . Ashley nearly 16 billion a year in revenue from a lot of beauty products. 16 billio
Are broadcasting live from our studios in moscow this is r. T. International and john thomas glad to have you with us. Or 2 congressmen one republican and one democrat have tabled an amendment to block any strike on iran without the approval of congress came on the same day that donald trump posted a threatening tweet against iran. And run a new thing the memory with great fools and some a ruse. To reach all that was trump on twitter talking about possible obliteration in response to iran if they were to attack the United States harsh words well it is interesting to note that recently the United States did come apparently 10 minutes away from a strike against iran apparently there were 3 locations in iran that were to be hit by a u. S. Military strike however trump called off the strike 10 minutes prior to it taking place now that was in response to iran shooting down a u. S. Drone now this drone that iran shot down iran says it was in their territorial waters they were defending the t