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And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 1 ....
The Halftime Report starts right now. It is great to be with you on this thursday our Investment Committee today, joe terranova, steve weiss, jon najarian so the question here is what do you do with netflix. Is it a preview of what is to come in the coming year when netflix faces more competition doc . Well, it is interesting, mel, that their Pricing Power we all at least many of us, i was one of them, thought that he had that Pricing Power, that disney offering even though it is not, of course, fully rolled out at all, that disney offering is i think perhaps causing some folks that, and the lack of programming which they cited on the call last night. They didnt say lack of programming. They didnt say it that way. A weak slate of programming. A weak slate, that ....
Us. Charles schwab reporting the stock is on pace for its biggest gains since july. The ceo is moments away. Later on, well get reaction to what we learned so far from the banks and what to expect as this week gets started. First, take a look at the markets. Stocks are in the green as we kick off a busy week of earnings. Oil kind of muted right now. Todays move higher coming as we prepare for whats historically been a bullish period for the market. Lets bring in cnbc senior markets commentator mike santoli. You think seasonality is playing a role . Its definitely in backdrop. This is about when it kicks in, midoctober. Its the start of the year with tailwinds. Also friday, you had this kind of buildup of anxiety in this nonspecific way. The volatility index ended at like 19. 5, even though we had a halfpercent decline in the s p. Obviously a lot of the geopolitical issues are on peoples minds as well as, you know, i think just in general, you know, whats going to happen with this insta ....
What arm and instacarts price action will tell us about this debut. Topping the tape for us this morning, fairly obvious, that is the fed decision ahead of that, rates retreating a little bit with oil holding pretty steady. B of a today did up its yearend price target on the s p to 4,600. About 7 upside, while citi says that Global Growth is likely dom in higher than predicted lets bring in cnbc senior markets commentator, mike santoli. And that bullish note on growth is probably one reason why yields havent fallen much thats for sure that, the feds message of higher for longer. And just in general, its all the things we see as headwinds are, as ive been saying, coming against an economy thats already been humming pretty well also, the fed in a pretty good spot, you would have to say. The fact that they basically communicated a likely pause, the market internalized a likely pause, rates roughly where they need to be if the whole de ....
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