First to our lead. Snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 24. 28. Fore closing at the maker of the disappearing photo app ended a long tech ipo drought. We caught up with our Bloomberg Technology reporter alex barinka and sarah frier, who covers snap. If you think about the range, typical ipo, 20 to 30 . This one will have more buzz baked in. If you look at twitter, it was, what . 70plus percent on day one . Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the ipo for investors. It has almost tripled its ipo value, facebook down 31 after one year. Twitter, down 10 , now down 65 . Talk us through the managing of expectation. The roadshow was not all smooth. Many questioning the user growth. Absolutely. This is a company tryi
First to our lead. Snap wrapped up its first day of trading thursday. Shares closed up 44 from its listing price. It reached a high of just over 24. 28. Fore closing at the maker of the disappearing photo app ended a long tech ipo drought. We caught up with our Bloomberg Technology reporter alex barinka and sarah frier, who covers snap. If you think about the range, typical ipo, 20 to 30 . This one will have more buzz baked in. If you look at twitter, it was, what . 70plus percent on day one . Facebook less than 1 . When i look at trading and how the stock was around that 25 mark all day, it was stable. We saw it selloff towards the end of the day, but it seemed like a decent way to go out. No one is complaining about the ipo for investors. It has almost tripled its ipo value, facebook down 31 after one year. Twitter, down 10 , now down 65 . Talk us through the managing of expectation. The roadshow was not all smooth. Many questioning the user growth. Absolutely. This is a company tryi
Europes pretty mix. Tenyear above 2. 5 and inflation finally returns to japan, 0. 1 on their cpi. Roadmap begins with a pause in the rally. A cnbc exclusive with wilbur ross on how trade changes in a trump white house. And snap day two, the stock soars in its debut and now news that Nbc Universal, our Parent Company, making a strategic investment in the company. And a dramatic scene at caterpillar headquarters, offices raided by federal agents. The latest on that. Stocks looking to bounce back from biggest oneday decline since january, but s p and nasdaq each on track for a sixth consecutive weekly gain. Dows on pace for its fourth positive week in a row. Earlier on squawk this morning the new commerce secretary wilbur ross commented on the postelection market rally. I think the markets have given a pretty clear endorsement of optimism coming from the new administration. I dont think theres any doubt about that whatsoever. And in fact Election Night we were with carl icahn and some oth
Nicole japanese investors follow wall street, the nikkei down 1 2 and the shanghai composite index ending one third of 1 . Day 2 of the big tech ipo, snapchat parents snap 40 in the first day of trading. We will ask how it went and the help for snap investors. Amazon solve the mystery. A typo took down its Cloud Service and a big chunk of the internet. A shop at costco prepares to pay up, hiking the cost of membership and in sports Chicago Bulls top golden state, and in golf, Phil Mickelson shares the lead in the first round of the mexico open. We have the highlights for you. Warner welcome to fbn a. M. Welcome. Attorney general Jeff Sessions saying his meeting with the Russian Ambassador to the us has been hyped beyond reason. The attorney general on Tucker Carlson tonight. I dont recall any discussion of the campaign in any significant way. It was in no way a coordinating of an effort, doing anything improper, i dont believe anybody that was in that meeting would have seen or believe
Investigation that might involve that. I think i have performed to the attorney general of the United States. Because of the total witchhunt, tense moments. Russian warplanes buzzing a u. S. Navy ship. Markets look like this, lower open for the broader averages. Investors are somewhat cautious. Ahead of a speech we expect from janet yellen. That happens this afternoon. Stocks lower across the board in the negative column. The cac quarante is turning positive. It ended the week lower, the cosby in korea down 1 . And engine explosion under investigation at Chicagos Ohare International airport, the latest unusual ever since. Caterpillar rated by authorities, the ceo working with authorities after search warrants are carried out in several of the companys facilities. More on this investigation coming a. Lamborghini hitting the gas, the car hitting a new speed record. Dagan mcdowell, Brian Ben Berg with us and pollster lee carter. What a week. We started the week in washington. The news doe