Oracle shares rising on news the company could be the winning bidder for tiktok but it will not involve an outright sale. Bytedancehinese owner Sarah Ponczek has been following the ups and downs. Tech has been leading the comeback. Also, this latebreaking news ikola, and the sec investigating the company over shortsellers. Sarah the last i had checked, down about 8 or so after the market closed. Examining nikola based on this claim that came from the platform hindenburg. 30 , 35 ors fall so from last week. It has been quite the ride for nikola. Still up more than 200 this year but certainly getting hit pretty hard after these original allegations took hold. Now, getting even more focused with the sec taking them on. Emily this on the back of gm taking a huge equity stake in nikola. Lets talk about tech more broadly. News, continuing development. Oracle is in the leading position but a potential deal still under review. Oracle shares did rise. Walmart could still be a part of this. Sara
Takeover bid by xerox saying it meaningfully undervalues hp. The ceo of hp will join me later this morning. Coronavirus fears hitting the Corporate Outlook and strategy southwest, apple, kroger, campbells among the Many Companies that are weighing in today. Well start with the futures, though, sharply lower amid this roller coaster week for stocks and wall street which saw the dow swing a thousand points or higher two times in the last three days, jim. Maybe were in for a couple of months of chop here . I think thats exactly right, carl yesterday was a very solid based on oversold relief rally the existential issue of whether a socialist would head the ticket a lot of people feel was finished because of the victory, multiple victories in states obviously by Vice President biden. But now were stuck with looking at earnings again and all that happens when you come in is you look at the 10year and then look at earnings it isnt like every company david, are you wearing those for the show i
Rosengren. And speaking of the fed, yes, there is more. We have an exclusive interview coming up. Loretta mester is the president of the cleveland fed right after the close. Joining us for the hour is charlie with aerial investments. Was this a big sigh of relief after the data from earlier in the week yeah, you know the markets was really nervous about a recession. Thats the conventional wisdom in the market. Theres a lot of evidence that bulls like me keep pointing to that were not, but you can see when we get even a soso number, the markets react very positively Services Growth is slowing and thats the point of contention right now, is does the manufacturing upset bleed into the consumer . And it does, you have a problem. You had a very strong wage growth its not even the fact that unemployment is going down, its that people feel secure in their job. Its a tight job market. People are not worried about losing their job theyre spending more and were still 70 of consumer economy. If t
[laughter] and then i started interviewing. While i watch your interview, i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] the granddaddy of all Silicon Valley startups was hewlettpackard. It was started in a garage in 1939. But in 2015, it split into two different companies, hewlettpackard enterprises and hp inc. Recently at the Economics Club of washington, i sat down with Enrique Lores about how he has led this personal computer and Printing Company following the split. So, which company is better . [laughter] hewlettpackard enterprises, or hp inc. . Enrique i have a very unbiased view. I have to say, of course, hp inc. It is not only
Equity. [laughter] and then i started interviewing. While i watch your interview, i know how to do some interviews. Ive learned from doing my interviews how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said, fine. I didnt negotiate with him. I did no due diligence. David i have something i would like to sell. And how they stay there. You dont feel inadequate now because being only the second wealthiest man in the world, is that right . [laughter] the granddaddy of all Silicon Valley startups was hewlettpackard. It was started in a garage in 1939. But in 2015, it split into two different companies, hewlettpackard enterprises and hp inc. Recently at the Economics Club of washington, i sat down with Enrique Lores about how he has led this personal computer and Printing Company following the split. So, which company is better . [laughter] hewlettpackard enterprises, or hp inc. . Enrique i have a very unbiased view. I have to say, of course, hp inc. It is