Were learning in the wake of the shocking ipo yesterday where buyers seemed indifferent to the share price if you wanted to buy snowflake, you had to sell something else, which triggered a selloff in the nasdaq, and that spread today, with the dow dipping 130 points, and the nasdaq losing 1. 27 . A lot of people call into question what theyre doing paying such high prices. We saw the spectacle of a stock trading at more than 100 times, not earnings, but sales. Dont get me wrong, snowflake should not be about making money, it should be losing money. It makes sense for management to spend fortunes to dominate the cloud Data Management business you want to win, youve got to spend. Snowflake is not the issue, though the ceo will do everything in his power to deliver for shareholders hes got an amazing track record i totally understand why people are willing to pay for the nose for his stock. I liked it even as high as 125 but i jumd eunderestimated the. I heard that the underwriters were t
Revived trade war with china this time, the chinese are threatening to label some of our best companies as unreliable, meaning they wont be able to sell in the peoples republic. Then we got some mid retail Sales Numbers that werent just bad. They were grapes of wrath bad. But just when it looked like it would turn into a the buyers came right back. Plus, all sorts of Companies Keep reporting and telling us that april was much better than march, which bodes well for may. S p advanced 3. 9 . Nasdaq gained. What a turn. Now, that in mind, whats on tap for next week . Well, first, im dreading well come in on monday and hear about an escalation. The president s new containment strategy against china the market got hit earlier today because we are getting tough on huawei, the huge Chinese Company that the white house views as an unofficial farm of t unofficial arm of the communist party. There is a legitimate concern and if we give it to them, it is a security risk. Okay it its something he
I make tough decisions. How am i supposed to trust you . And back them up with my own cash. Its not always pretty. I have to know for sure that the partner that i have has the same goals as i do. This is business. I do it to save jobs, and i do it to make money. This the profit. [hiphop music] Sharla Mcbride started planet popcorn with a single cart and 250 bucks. 13 years later, they now have 30 employees, three flavors, products ranging from kettle corn to churros to crepes. Their popcorn sells at fairs and farmers markets all over southern california. But the bulk of her money is generated through Downtown Disney. Planet popcorn generates 2. 5 million in revenue, but it still cant turn a profit. This year, theyre about 200,000 in debt. Sharlas mother has mortgaged her house and loaned the business almost 200,000 to keep planet popcorn afloat. Planet popcorn is an allcash business, and that leaves way too much room for things like missing money and theft. Theres no charges on that. T
Discuss the challenges and opportunities of the investor. Next we go to uganda where musician rachel lam is an outspoken advocate of girls rights. And last but not least meet a studio single who wants to meet with lucian eyes mozambiques capital to do our. Fast lets go to nigeria weve all had about rights movies from nigeria theyre really challenging some of the more established Film Industries well like hollywood especially when it comes to numbers each week the west african film scene releases about 15 new movies which is in lots more than the outward from the u. S. Now if that would talk honest of our next reports put out their way there would even be more coming out of nigeria but not just your regular kind of movies. Oh how many examples right so very little except scaly be drawn studios and us shot animation film is the tale of us 3 trout in lagos trying to leave the nigerian dream from the studio which i mean and hes cofounder want to create unique stories that reflect african r
Of girls rights. And last but not least meet a studio single who wants to release a nice mozambiques capital to do our. Fast lets go to nigeria youve all had about rights movies from nigeria theyre really challenging some of the more established Film Industries well like hollywood especially when it comes to numbers each week the west african film scene with these is about 50 new movies which is in lots more than the outlets from the u. S. Now if that would talk honest about next reports about how their way there would even be more coming out of nigeria but not just your regular kind of movies. How many times i felt a little touch anything except maybe drone studios and u. S. Shot animation. Is the tale of us 3 tribes in lagos trying to lead the nigerian dream from the studio. And hes cofounder as want to create unique stories that reflect african reality. Have. Not become explore and sell to the world i think it would do thats. The next generations of the imagination of you know if it