Came on our air and said they were bullish, in part because everyone is so bearish each one took turns explaining how those bears would turn into bulls, propelling stocks higher. Buy, buy, buy. Just one little problem when one strategist says everyones bearish, thats a listen up moment when two strategists say everyones bearish, you might get a little suspicious. When three bigshot strategists say everyone is bearish, you got to figure the consensus is wrong. We dont have too many bears we have too many bulls and maybe thats why the averages rolled over today with the dow tumbling 317 points, s p sinking 1 , and, by the way, things were a lot uglier for the dow in the early afternoon you see when most investors are bullish it means there is no one left to buy. They have plenty of facts on their sides. Everything from low Interest Rates, massive earnings, liquidity, i would let any of them manage my money if i were allowed to have money managed. Unfortunately, these positives have a whi
Stimulus watch and of course, palantir, we are awaiting the opening trade set to begin really at any moment. Alex karp, the ceo will join us right here on cnbc immediately following the first trade, jon as we said, its been a long road a lot of filings. A lot to read about the company, voting structure, privacy, you name it. And the Business Model at large. Yeah. And its another big, big ipo but very different from snow flake, which we saw which has a ton of customers, large and small and kind of this very broad play on data in the cloud. This is a company thats dealing with big data and has just a few really huge customers, carl. And thats where well start this morning, jon. Josh lipton has more on what to expect once the first trade happens. Hey, josh. Carl, a master of creativity. That is how Ceo Alex Karp describes his company, palantir. A data miner, its software ahows customers to integrate volumes of data into a central platform where it can then be securely analyzed and interpr
Who can easily log on in the first place. As for the other half, well, thats a different story, as david pogue explains this morning. Reporter during the pandemic, highspeed internet has been the foundation of work, school, and doctor visits, which is great if you have highspeed internet. But about half of americans dont. To get online to do your research or your correspondence, you park at a taco bell . I do. Reporter ahead on sunday morning, the Great American Internet Access crisis. Pauley she is a legend of country music, tanya tucker. And back before the pandemic shut most concerts down, she shared some stories with our bob schieffer. Delta dawn reporter she was once country musics wild child, a breakout star at the ripe old age of 13, tanya tucker has been riding high for five decades. With a grammywinning album that is getting the best reviews of here career. If that 13yearold tanya tucker was sitting here, what would you tell her today . I dont think i would tell her anything.
9 after reporting yesterday afternoon. Lets take a dive deeper into snaps quarter stifels john eggbert and Lloyd Wamsley of Deutsche Bank joins us now gentlemen, you both have buys on this stock, and there was interesting commentary from snap about how theyre expecting lower user growth in the Third Quarter, and theyre also anticipating there will be significant revenue headwinds, even though the first 19 days of the quarter they showed 32 Revenue Growth so jon, tell me, why are you so bullish . Well, im bullish because of the longterm story. And i think that the underlying trends are still intact. On the short term, it sounds like the Third Quarter will have some complications were not exactly sure how much sports well have. Back to school may be limited in parts of the country feature films wont be launching like they normally do, and those are big areas of brand advertising spend that snap and other Digital Media players benefit from in the short term but in the long term, the direc
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