We just saw the chunz delegation depart the office of the u. S. Trade representative en masse every the hours of negotiations the president moments aigt saying it went well. He confirmed he will meet with the chinese top negotiator tomorrow he also answered a question about a possible investigation that he requested china do last week to look into the family of joe biden and possible corruption according to the president that he believes went on there he said its up to china to look into whatever it wants to. But this is an interesting comment given a wrinkle today. Where an outside adviser to the president Michael Pillsbury at the Hudson Institute made comments to the Financial Times saying he raised the issue of the biden was china. Later he acknowledged he discussed the bidens with china well back to fast money. A scene in shanghai china but it was china that brought it up and not a discussion at the earlier today as the brooklyn behest of the president. Thats a cloud hanging over a
This is pushing back any initial shares until 2022. Forget facebook lite and what about Facebook Love . The company is working on a data service. Sources are saying that we could as much as 20 million for we work. A lot is riding on the success today. One company could get hit even harder. I am pleased to be joined here. This helps create the hyperfine board. Joanne has been covering the story for us. Lets get this all in context. Julian has been keeping abreast of the numbers. Why the lower evaluation . It could be as low as 20 . Round ipos have been increasingly common. Bit are projecting a little on we work. It is looking at the revenue and growth assumptions. To get perspective on ipos and how much this is being factored and, kathleen, your perspective on this sale, was 40 million layout of the League League . Of the most of the investors and analysts are looking at the buy side from we companies. We knew that 47 was a ridiculous number. It did not make any sense. When that round w
Teslas troubles. A reported investigation into self driving claims and whether it committed securities and or wire fraud during the criminal investigation. That is coming up. Looking forward to that. Morningstar is outstanding Portfolio Manager of the year. She runs a fund focused on Underappreciated Companies which pay reliable dividend. We will find out. Lets take on the markets first. But it the dow is up 122. Look at the others in the red. The s p down two points, the nasdaq down about a quarter of a percent right now. A lot of stocks are on the move following earnings. Jumping on an earnings beat in a phase 3 trial. After its first report of the company. Said a year from now and got it already. Trip adviser getting crushed on that lower guidance and the rejection on a takeout opera. 29 . We will trade more earnings, movers and lunch coming up. First, lets start with tesla as that stock is falling. 2 off of its worst levels of the day so far. I am looking at right now. It is so nic
Ahead. Power lunch starts now yes, welcome to power lunch. I am michelle car use oh cabrera. Stocks have modest gains trying to avoid a Third Straight day of losses. Nasdaq higher by four. Two big toy makers rally on mattel jd. Com single day sales total more than 19 billion. And ggp is higher, after offer from brook field Property Partners to buy shares it doesnt already own. Higher by 8 tyson foods, higher 1. 5 beat on earnings that ceo joins us in a moment on power lunch. And tesla rallying 3 . Elon musk tweeting about a semi truck, unveiling this week saying it will blow your mind. Over to brian. He is in a special place yeah. Naples florida at the Global Leadership conference. Try to blow our viewerss minds with great guests. Talking market volatility or lack of. Bitcoin, Jpmorgan Chase, what happens when the Central Banks pull money back. Jeb bush on state of the gop and tax reform and ian bremer on trumps big trip, why a speech given by the president of china couple weeks ago ma
Whats right for the economy when it sees fit and may or may not be patient depending on whether patience is required or warranted. The dow gained and the s p gained 2. 22 and the nasdaq. So we go back to what brought us up here profit outlooks opportunity, and most important, pentup demand. No not pentup demand for laborer sales or new homes. Pentup demand for stocks. As so many Portfolio Managers wanted to be sure the fed wasnt going to create another they know nothing moment and crash stocks lower. Yep, weve become binary again, hanging on every word from the fed, hoping and praying it wont do something stupid. While we were hoping and praying the money stacks up on the sidelines and the hedge fund and Mutual Fund Managers along with the pension Fund Managers, theyre just waiting to hear with the fed will blow it. When the fed doesnt blow it and the big bad event is over, we rally like crazy you would think that we would eventually have some faith in the fed not to do the wrong thing