Covid cases surged. But investors see signs of an economic recovery. Paypal is embracing bitcoin, allowing users to not only buy and sell the cryptocurrency, but to use it for purchases as well. Is it time to add it to your portfolio . And snapchat reported a jump in users and revenue, and it actually made a profit, sending the stock soaring. Other companies that rely on digital ad sales are reporting next week. On the round table, my colleagues, ben levisohn, carlton english and jack howe. Ben, lets start with a look at the market. It was down a bit this week as that stimulus offer remained just out of reach, as it always seems to be. Covid cases surged. But youre looking under the hood, as always, and you think its not all one story. Thats right. I mean, look at the market right now, i dont see a lot of worry either about stimulus or about covid, for that matter. What i do see is some worry about technology. We had all the big tech stocks, a lot of it took it on the chin. Apple down
But investors see signs of an economic recovery. Paypal is embracing bitcoin, allowing users to not only buy and sell the cryptocurrency, but to use it for purchases as well. Is it time to add it to your portfolio . And snapchat reported a jump in users and revenue, and it actually made a profit, sending the stock soaring. Other companies that rely on digital ad sales are reporting next week. On the round table, my colleagues, ben levisohn, carlton english and jack howe. Ben, lets start with a look at the market. It was down a bit this week as that stimulus offer remained just out of reach, as it always seems to be. Covid cases surged. But youre looking under the hood, as always, and you think its not all one story. Thats right. I mean, look at the market right now, i dont see a lot of worry either about stimulus or about covid, for that matter. What i do see is some worry about technology. We had all the big tech stocks, a lot of it took it on the chin. Apple down 3 , intel dropped 11
Eisenhower memorial live at 7 pm eastern on cspan2 online at cspan. Org or listen live on the cspan radio app. The Senate Judiciary subcommittee on intellectual property held a hearing on the 1998 Digital Millennium Copyright Act which outlines when website hosts are required to remove pirated content. Witnesses included musicians, authors, photographers, filmmakers and ahead of the Internet Association. A ceremony will come to order. Well im disappointed we cant all be together in person today, im grateful to chairman graham, and our Ranking Members clerk for facilitating this through web apps. As an initial matter, i want to make sure this subCommittee Hearing is not distracting from the full committee. And my personal work on other pressing issues facing our nation. Congress must address issues of Police Brutality and the horrific circumstances that led to the murder of george floyd and the senseless depths of so many of africa African American brothers and sisters. Thats why im gra
Mike, this morning im zeroing in on enterprise, looking at zoro down 30 right now. What is interesting to me about these names is they both got a big bounce after sales force and workdays earnings reports but theyre giving that back today and then some. Investors seem to maybe be realizing that these names are tied more to overall Enterprise Spending it has not been great versus that sass exception that we saw. Im wondering what you think of what is happening in that space. First the rhinoceros horns at the end tell you something the hottest money, the ones that went the way up, the last spurpt is being taken out i think that this is happening in the context of what many of us have been saying. The market looks a little stretched. A little at the high end of its up trend it should cool off and it was pushed and pushed and pushed a bit higher in part because there has been a welling up of kind of momentum, speculative action, partially in the market some kind of an unwind going on now.
Welcome in to squawk alley. Dow down for a fourth day in a row. Have not seen that since february, but the dow repaired some ofthe internal damage the s p went green the nasdaq getting helped once again by a tech trade that seems almost impossible to kill. Even with invidia and the expectations last night. Yeah, in the green at the moment well see where that goes. Were going to start with some controversial ipo paperwork. It was the ipo that was and wasnt, now it is on again it company was one of the most widely anticipated listings of the area then travel grounded to a halt and with it airbnb bookings. Revenue started to rebound by june and july bookings returns to prepandemic levels. This could be a pandemic come back story, but much still has to be written. The main question will be whether or not investors give the startup a pass for this year air bnb had the record to even out profitability and enough cash on hand at one point to consider a direct listing. As losses have widened t