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July 16, 2024
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. I...
July 16, 2024
Here in new york but the markets are a little soggy right now United Health, the biggest of the dow downers. Morgan stanley lowering its price target but keeping an overweight rating for United Health peleton shares are trading lower marking another disappointing ipo. Bob is looking at some of how the biggest names are performing the buying public is saying prices for ipo is too high even if its centered around sound concep concepts this process has begun several months earlier of 120 ipos that ...
July 16, 2024
Resigning after a spy probe. And we are getting a read of how much people are planning to spend on the holidays this year. The internet has changed everything Worldwide Exchange begins right now. Good morning, good afternoon, good evening welcome. Im Brian Sullivan welcome to the Fourth Quarter. The first three months have been an adventure of a lifetime the s p 500 jumping 19 in nine months that is the best performance for the first three quarters of the year since back to 1997. The First Time ...
July 16, 2024
Well and apple. That event is just wrapping up now. Announcements shaking out in the stocks of different competitors. Were going to fill you in on all of that action but joining us for the hour is steve grasso from stuart frankel. Steve, great to see you. Good to see you its amazing. Not necessarily a major move for the averages today or right now. Everything is slightly lower and actually, if you look at the week, the dow is actually flat so far to start off the week and yet theres been this gr...
July 16, 2024
Friends again, a meeting one year in the making the president meeting Mark Zuckerberg and tweeting out a picture. Two new Companies Get ready to make their mark. Worldwide Exchange Exchange begins right now getting you going on this friday morning good morning, good afternoon or good evening, i am Brian Sullivan we have some is live pictures right behind us here look at that, it worked. Apples Flagship Store in london where doors opened about two hours ago. Everybody rushing in, in the very poli...
July 16, 2024
Lets take a look at what is happening in asia too. Those markets were closed. Hang seng off by. 1 and the shanghai up about a quarter percent. Youll see at this hour, slight gains across the board italy up three major averages up. 1 to. 2 . The tenyear is yielding 1. 772 . The 30year at 1. 28. We were just talking about all of this. All of those moves made. Pretty confusing to figure out what was happening and why i think there are a lot of people looking at a lot of these small events and does ...
July 16, 2024
Now we are at 29. 80ish we have been going side ways most of the year in 1997, the year started at an alltime high and went up. It is true. You think about where we were Christmas Eve and we had taken a huge plunge. We got it back interesting on the performance. Similar to the u. S. But china lagged significantly where we are in the trade war. Who is hurting more or less. Down about 4. 7 china has closed today but something to keep your eye on treasury yields are up part of that because of a wea...
July 16, 2024
This after snap reportedly conjured up a whole chamber of secrets on facebook in a dossier titled project voldemort the document lays out all the ways facebook tried to thwart the competition and prevented snap from trending on instagram. Now snap is hoping the ministry of magic known as the ftc will step in. Will regulators be able to work any real magic here . Guy. That was one of the best openings in the history of the show. He doesnt know what to say anymore. Do you even know what she said i...
July 16, 2024
Index, measures the strength of manufacturing slips to the lowest level since 2009, everybodys going to freak out theyre worried about a recession. Which is why the dow lost 304 points, s p 5001. 23 and the nasdaq dropped 1. 13 that was last week now this market was due for this beatdown but i also told you that i dont believe were headed into recession. Im standing by that position. But the recession thesis became more compelling today and you need to get your head around it if you want to unde...
July 16, 2024
Heating up as yet another state takes a hard line on egrets d ecigarettes and the Industry Leader announces a shake up. Worldwide exchange begins right now. Welcome get ready for a big day on wall street peaceful now but sure to change as the houston kicks off that formal impeachment inquiry let us see how the markets have been taking the news we are seeing futures down but not that much. Do you off 41. It is early. Very thin markets what happens on capitol hill does have a direct impact on your...