But, is it spreading to a robust tech startup scene . Icahn weilds influence. What he has agreed to. Our top story. The theme of big tech is hitting the public market. Wework is planning to make public its perspex this for ipo thiss for an week. It said in april it had filed paperwork confidentially. By two guests. Then, as we await prospectus, what are the key bullet points you are looking for . Ellen everyone will be looking to see the Financial Performance of wework. Unprofitable. It is a company that spends a lot of money to grow very quickly. I think people are concerned that the Business Model cant stand a downturn. Taylor we talk about ellen talks about the financials behind this company. What do you make of the valuations here . Ellen is spot on, people will be looking through it to get the numbers and figure out the evaluation. Oft valuation is based off intbanks investment back january. It is hard for me to emphatically say that is a high valuation, but it feels high. I think
For its ipo this week. Plus, election surprise. Argentinas primary results. But, is it spreading to a robust tech startup scene . Icahn wields influence. What he has agreed to. Our top story. The theme of big tech is hitting the public market. Wework is planning to make public its prospectus for an ipo this week. T said in april it had filed paperwork confidentially. We are joined by two guests. Ellen, as we await the prospectus, what are the key bullet points you are looking for . Llen everyone will be looking to see the Financial Performance of wework. Nprofitable. It is a company that spends a lot of money to grow very quickly. I think people are concerned that the Business Model cant tand a downturn. Taylor ellen talks about the financials behind this company. What do you make of the valuations here . Barry i think ellen is spot on, people will be looking through it to get the numbers and figure out the valuation. Last valuation is based off of softbanks investment back in january.
The authors of the books featured. The u. S. House plans to meet tomorrow at noon eastern till the first floor vote to elect a speaker since congressman Kevin Mccarthy was ousted from the position nearly two weeks ago. Watch our live gavel to gavel coverage of the house on cspan. In the meantime the senate is returning to the after a weeklong recess. Lawmakers will debate the nomination of Jeniffer Hall to be use District Court judge for delaware. A vote to advance her nomination is scheduled for this afternoon at 5 30 p. M. Eastern. And now live to the senate floor here one cspan2. The chaplain let us pray. Eternal lord god, the author of peace, as wars and rumors of wars bombard us, we turn our eyes to you. In the past you have brought order from chaos, light from darkness, truth from falsehood, peace from conflict, and hope from despair. Please do it again. Today, use our lawmakers as instruments of your peace. May they strive to please you in all that they think, say, and do. Lord,
Back with more. The markets hanging on to just a slight gain at this point. The dow is being helped by walmart, dragged down by cisco. With that, well turn it over to scott wapner and the halftime. Thank you so much. Well keep our eye on things taking place in the nations capital. The market, a nice little comeback after the worst day of the year for stocks. The dow only up about 17. 5 points, s p up less than 4. It is the nasdaq up 20 points, still hanging above 6000. With us for the hour today, joe, josh brown will be along in a moment, kevin oleary is mere and Mario Gabelli is here. Its good to have you back, mario. Oh, its a privilege to be here. Joe, nice to see you as well. So that was it. Kevin, 400 points down for the dow and here we are. Why no followthrough . Because it was just noise. The washington circus is really disconnected from the market and i think most people are pretty comfortable with that idea. Even today listening to wilbur ross after all that chaos, the adminis
A check on the yields on the tenyear right now. Youre looking at the 30year bond, 2. 985 . Want to get a mortgage right now . What do you think . Anybody . Better hurry up. What do you think . Better hurry up. Hurry up, right . Trains left the station . Whats going to happen to real estate prices . Well, commercial real estate prices, cap rates fallen to 4 . They only have one way to go. This is very true. Among todays top stories, were watching oil prices closely ahead of a key opec meeting wednesday. Crude was down sharply on reports of disagreement between opec countries and non opec exporters like russia over who should cut production to curb oversupply. A meeting scheduled for today between opec and non opec producers was canceled after saudi arabia decided not to attend. Take a look there. Wti down just a few cents a barrel, 46. 03 last trade, brent unchanged. On this weeks economic agenda, tomorrow look for the estimate on thirdquarter gdp, the s p caseshiller, Consumer Confiden