chipotle gopro. those numbers over the next hours and bringing you them after 4:00. it just doesn t get better than that. plus time to sell tesla maybe? a bold call from a ubs analyst downgrading that stock to sell today. the man who made that call coming up. it has been five years since the dodd frank financial reform bill signed into law. barney frank will join us to discuss all the criticism the law has received including from members of his own party. enjoy having barney on the show. first we start with this move in the broader market today. there is the dow down 214 points. it s getting hit the hardest. united technologies down more than 7% downgrading its own outlook for the year. that bad earnings report from ibm last night has been down 5% 6% today. that is accounting more than half that decline. s&p pulling back. the nasdaq down today so right now no all-time high. s&p earlier was three points away from a record. we ve come about a half percentage point down
now to the lead, square has filed for public offering, this according to people with knowledge of the matter. the platform was founded by jack dorsey, you know him as a cofounder of twitter. currently he is the interim ceo. last year they processed $30 billion in payments from merchant customers. it is expanding into other areas like business lending. joining us to discuss their future is leslie picker who broke the story for bloomberg news. also the cofounder of button. leslie, why file confidentially isn t that suspect? because they can. they have less than $1 billion in revenue. he gives them the opportunity to make revisions with the fcc, it is about a three month process. and if you are a small company like square, you can do that outside the public eye. most companies, it is close to 90% that can file confidentially, because they do not want all this back and forth with the fcc in public. matt: $30 billion is a lot to process, but not big enough to file publicly, is t
wilcox. now to the lead, square has filed for public offering, this according to people with knowledge of the matter. square is in the mobile payments business. the platform was founded by jack dorsey, you know him as a cofounder of twitter. currently he is the interim ceo. last year the company processed $30 billion in payments from millions of merchant customers. it is expanding into other areas like business lending and payroll processing. joining us to discuss their future is leslie picker who broke the story for bloomberg news. also the cofounder of button. and on the phone is sarah frier, who covers both square and twitter for bloomberg news. leslie, why file confidentially isn t that suspect? leslie: because they can. they have less than $1 billion in revenue. it gives them the opportunity to make revisions with the fcc, it is about a three month process. if you are a so-called emerging growth companies like square you can do that outside the public eye. most companies
now to the lead, square has filed for public offering, this according to people with knowledge of the matter. the platform was founded by jack dorsey, you know him as a cofounder of twitter. currently he is the interim ceo. last year they processed $30 billion in payments from merchant customers. it is expanding into other areas like business lending. joining us to discuss their future is leslie picker who broke the story for bloomberg news. also the cofounder of button. leslie, why file confidentially, isn t that suspect? because they can. they have less than $1 billion in revenue. he gives them the opportunity to make revisions with the fcc, it is about a three month process. and if you are a small company like square, you can do that outside the public eye. most companies, it is close to 90% that can file confidentially, because they do not want all this back and forth with the fcc in public. matt: $30 billion is a lot to process, but not big enough to file publicly, is
that people have been describing as, quote, all over the place. in the meantime, watching the ten-year yields sinking. one part of the market hot today, that is shares of mylan. surging about 10% after strong earnings. the company saying it is poised for yet another substantial transaction. what exactly does that mean? the ceo is here exclusively. we ll ask her. that ll be interesting. then tesla remains perhaps the most intriguing stock in the entire market. it has doubled just since thanksgiving. is that because the street now sees tesla as an energy company, not just an electric car company? we have one guest who s going to make that case coming up. that story, bill, tesla, has been the story all week. now, here s how we stand in markets. what were you going to stay? i was going to say an analyst price forecast for that stock are all over the map. from the $200 range to the $60 range. pun intended. any who, here s where the dow stands. up to 16,245. meanwhile, as w