Together in a big stimulus deal. Dont lose track on betting of georgia runoff elections, very important. Trump attorney Rudy Giuliani is in the hospital after testing positive for coronavirus but the fight against election cause continues. Well get the very latest from trump attorney jenna ellis. All that and so much more on making money. Charles well, before i get started, rather, i i want to gie a shoutout and thank you very much to my friend david asman who rocked the house last week when i was out. It seems like a quiet start to the week. Tell you folks there is fireworks underneath the surface a string of highprofile ipos will make their debut including doordash and airbnb later in the week of the question on everyones mind should they chase them out of the gate . No one has a way to play this. Other than the fool theory, if someone doesnt buy it, i will buy it. How do we go about this . Here to hash it out, new constructs ceo david treanor. David, price range of 56 to the 60. Thi
Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
Banks, airlines all up while faangs are taking a bit of a break. If you ask me whats the best Case Scenario for the market to the end of the year, i would say this whole narrative about how its like the top five stocks driving the market, i would like to see that come to an end and Everything Else play catch up and start to participate and that is literally what weve seen take place. We had a breadth thrust a week and a half ago where almost every stock broke back above its 200 day. We now have more s p 500 components that are up on the year than down on the year for the First Time Since march i think alphabet is the most recent performer but the faangs are not part of this the whole narrative out of the window that this is index fund money and only microsoft driving this is gone now you have a broadbased rally, not based on nonsense, companies have rising earnings expectations, almost every sector weve even got performance at companies that six months ago you could have made a case to
That could spark an ugly storm for investors in chinese stocks. Just back from asia, undersecretary of state for economic growth, keith crock, is here live to react. He will reveal the new weapon our government is using to counter chinas fastgrowing technological might. The deadliest day of the coronavirus pandemic, now at this hour has los angeles going into full lockdown mode. We are on the ground in l. A. As businesses shutter in realtime. From College Dropout to ceo, the youngest selfmade billionaire in the world with us live on the day his tech company goes public. Discussing the risks he took that triggered his laserlike rise to the top. First, we begin with a fox business alert. The tweet heard round the stock market with billions in Coronavirus Relief at stake. House speaker Nancy Pelosis deputy chief of staff just put out this tweet in the last hour and a half that used covid relief and as soon as possible in the same sentence. The tweet confirmed that the speaker and Senate L
There, about 30 points, 25 points now below that benchmark. That is in part thanks to boeing, that is the dows gain that stock is up about 7 after one of its biggest customers, ryan air, near lily doubles its order of the plagued 737 max plus texas roadhouse that stock is up 200 since the march lows can you say that about many other restaurant chains . I dont think so also near its record high, the ceo, ken taylor, will be with us interesting, engaging guy. Hes going to tell us how he pivoted the business to thrive in this new normal as power lunch starts right now. Hi, tyler. Hi, everybody. Stocks are off the highs of the session but all the major averages are on track for their second week in a row in the green. Lets go to bob pisani for whats driving us higher today im a little disappointed with the action. The comments a stimulus deal was in reach helped early on but has done nothing in the afternoon. Were moving in a narrow range, kind of flattish all the right stuff is moving. De