Biggest ipo in history but questions still swirling ahead of alibabas debut. Fox business confirming that alibaba will seek a higher pricing range today, likely above 66 a share. Sources citing overwhelming demand as the reason for the push. Here now to discuss, weve got our very own Charlie Gasparino, jack hough of barrons and Jake Schaefer of schaefer Asset Management and in a fox business exclusive. Anthony scare my think. Fox business contributor. Welcome to the show. Thanks, melissa. [inaudible]. So successful the way we things will play. Where do you think they will price, dude . Okay. So, im saying in the 70 to 72 range. This is based on a compendium of mutual funds, Hedge Fund Managers and capital mark experts in the investment bank. This is Unbelievable Company and jack ma will want to price this thing not the way google got priced or the way facebook got priced. [inaudible]. It is 70 to 72 pricing. This stock will trade anywhere 10 to 15 points higher on opening. Of course if
Opening day on labor day for the new eastern span. You are looking at a live picture from hayward where just about an hour ago, city workers launched a threeday strike. Well have more on that story in a moment. Good morning. Im tori campbell. Im dave clark. Lets check your weather, traffic. Steve, were gonna have a lot of sunshine today . A lot of sunshine. We start off with fog. Its kind of parallel kind of hugging the coast with some moving inland. But these are the average highs this time of year. Santa rosa, 83. 82 san jose, sfo, 73. Oakland, 72. San francisco, 68. And then they are all above average here. First time in a long time. 71 San Francisco. Sfo, 73. 84 san jose, and santa rosa, Sonoma County airport, 85. Still a lot of low clouds on the coast. Pretty solid there. But i think by this afternoon, it will be sunny to mostly sunny. Around the bay whats moved inland will burn off fast. Fog or clear. Not widespread. Sunny, mild to warm later on. Inland temperatures, any fog wont
Cliff. Wall street, tripledigit gain, up 120 point on the industrial average. Banks in the lead, 13,353. Last trade in the Dow Jones Industrial average on volume which was modest. Nasdaq composite up and 3053 and the s p 500 picks up 16 points, better than 1 on the Standard Poors at 1446. Markets continuing higher at the close. Are there more gains ahead . We bring in right now Liz Ann Sanders from Charles Schwab and alan gael and eric steuben from russell investment, darryl pearl from epoch investments standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. They should be coming out momentarily. Heres the number to look for, 61 cents a share on earnings is what were expecting on revenue of 9. 02 billion. As soon as we get the numbers well see how oracle is doing. Liz ann sanders, deal or no deal . Whats your take on all of this . Well have a deal. In the first step of the process and then whatever the makeup of the deal will become more impor
Headlines as they prepared to take the stage. The latest covid19 case data in minutes. Marchers triggering protests, rides and violence have now the structure of americas monuments, George Washington toppled in portland, Thomas Jefferson could be next in new york. City raising our past be part of our future. We debate, right now, right here in the Nations Capital crowd is working on trying to tear down a statue of the confederate general, ropes tied to it, we go to that, lawmakers saying tearing down the statues is not a good idea even monuments to the confederacy and explaining why but now the countdown to tulsa. The robert passable days donald trump has been talking about the issue of statues and renaming bases, he is against that. Breaking tonight oklahoma logged its largest single they increase in coronavirus cases since the start of the pandemic and with the news or despite at the rally is on. We are on board with going to oklahoma, taking appropriate measures like hand sanitizing
Understanding with them. The decision to undercut our president and circumvent our constitutional system offends me as a matter of principle. And that exactly there is what set off the white house so fiercely. This attempted notion that it undermines the president s authority, something i should say the white house is especially sensitive to coming off the heels of that controversy over israeli Prime Minister netanyahuBenjamin Netanyahus visit to the you states last week. Now the freshman republican from arkansas did get 46 other republican senators to sign on to this letter including Senate Majority ladier mitch mm mcconnell,ing and he fiercely defended the letter saying he believes there are nothing but iranian hardliners in iran that wont agree to any deal. The president already said a deal could have as little as a tenyear sunset on it. Iran could have uranium enrichment capabilities. The critical component of developing a nuclear bomb. Whatever else those terms make it unaccept to