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On this story. According to sec documents in my possession, documents right here, pierson sold 288,000 shares on june 30th for proceeds of 5. 7 million. That was filed and is publicly known. Then on july 1st, and this appears to be new. The motherload. 4. 1 million shares, with proceeds of 82. 8 million. There was another sale known by now some 411 million shares, total proceeds from all this, 96. 8 million. My panel with me, and kate on the case. Boy, interesting. I dont think the market knew or knows about this sale of the 4 million shares. Might explain, scott, why were not seeing a down tick in the stock price right now. Very interesting. I think on the one hand, pierson might be expected to want to liquidate holdings, no longer has skin in the game except as a matter of principle. A company he helped build, of course a darling of many hedge fund investors. Their benefit and litter detriment for some time. Sequoia as well. Popular stock for a period of time. Replaced by joseph popp ....
Enough to hear what people attribute stock markets moves to. Everybody atrilktds it. The crazy stuff. The cause and effect. Thats no crazier. Hes not a trump fan, really, but his point is that since brexit t mark brexit, the market has been straight up. Its also koicoincided with tru getting the nomination. Thats his point. Although he talks about the social and situational risks of admitting that you were voting for trump. Holeman has been, at the end he says trump still has to convince conservatives that its okay to put their faith in him and talking. The fact a lot of Business Leaders are voting for him, but dont want to say theyre voting for him. Exactly. We might want to have holman come back. We dont need to debate it. People can have opinions. Everybody can have an opinion. You dont need to try to undercut his opinion. Unle. S. Equities trying to undercut the futures this morning. Dow open 7 points higher. S p 500 up 9 po ....
Is up a buck. Our roadmap begins with historic highs for stocks, and the worst plays at these levels and where it may go next. It is amazon prime day, and now the company hoping for a big boost to its bottom line from new amazon prime members, the real driver behind the massive craze. And pokemon driving nin tete stocks up high, and stocks looking to make more history, a day after the s p set those record highs since may of last year. Alltime internet high now 2143, the closing high, 2137. Nasdaq poised to open in positive territory, which it has not done, unlike the other two, all year long. Your point this morning, jim s, not enough people care at this point . No, too many people ordering shoe dog for you on amazon prime day right now. Right . Here we go. Im ordering shoe dog. Nick nike has yet to confirm, starbucks has yet to confirm. If we can get amazon to get going, we get cisco, say through 30, intel positive note, we take microsoft and shoehorn nintendo, we could get them. This ....
Brent a decline of 49 cents. Couple big corporate stories to tell you about. The biggest one, its final. Its here. Verizon set to announce an agreement today to buy yahoo for 5 billion. Sources telling us that yahoo will no longer an operating company after this. It will become a Holding Company for stakes . Alibaba and yahoo japan. Has a small platen portfolio to sell. Marissa mayer not expected to stay on after the deal is completed. Her severance, expected to be 57 million. Well have a lot more on the story in a couple of minutes. Other news as well. Tesla and solar city, theyre reportedly closer to a merger. No brainer. Thats a new one. One brain. Elon musk the largest share hoeflder in both companies. In the final stages of carrying out Due Diligence on both companies. The companies are carrying out due dial generals the right brain talking to the left . Elon did an inte ....