A that is neat free its crunch time for the Food Industry welcome to mate now a number of startups world wide have caught the eye of investors with their plans to feed the planet instead of meat from the farm theyre growing it in laps or designing substitutes that pretty secretive about is all because they hope that their innovative Food Products could soon be worth billions my colleague ben for sudan managed to get this exclusive look at the start ups attempts in spain. Ringback feeding the world is on everyones lips Scientists Say the planets doomed if we keep eating meat. A viable alternative could transform the way we use our resources. Industry is closely watching to see who will solve this 1000000000 euro question. The high stakes mean secrecy at the startups developing a substitute many wouldnt let us film but the founder of nova meets in barcelona offered to show me his printable steak its not real meat but just to be shown he says it tastes just like it as an avid meat eater i
Hour plus wework woes the shareholder wants to shelf the ipo well have those details and discuss them later its the momentum crush. Investors are fleeing the stocks with the biggest gains and could be a warning sign for the Broader Market so Pay Attention power lunch starts right now welcome to power lunch. Stocks are under a bit of pressure take a look at the nasdaq. Thats getting hit the hardest as the momentum gains are selling off. On the flip side, we have small caps continuing their outperformance from yesterday. Up by 1 two headlines affecting your money. Stocks did jump higher on a glimmer of hope in trade talks but then they turned right back lower when President Trump said that he has fired the National Security adviser john bolton over policy differences. That news also sending oil sharply lower. We are live to wrap up what has been yet another very tumultuous day. Thats right. Another dramatic departure from the Trump Administration we got a little more context here we hear
Good thursday morning. Welcome to squawk alley. With Morgan Brennan and jon fortt at the New York Stock Exchange we watch the markets being whipped by some of the trade headlines. We also have two big ipos in focus today as well. We await the first trade of smile direct club. Lets bring in bob pisani to talk about that and overall iep landscape. We heard valuation is not there, does this mean the ipo market is overrated. Slack, first earnings report, growth wasnt as strong as people thought, not a good idea, growth is not as strong. Some software companies, now theres jitteriness. This week we had three big names, all being upsized waiting for smile direct to open 19 to 22 pricing at 23 looks like and ten x genomics. Upped it to 38 it opened at 54 talking little more than a week ago, 31 to 35. We open at 55 a gene sequencing company, biotech is a hot space overall we wait tomorrow for cloud fair. Another software company, out there, Website Security and other things, was 10 to 12, 35 m
We got a new stimulus plan and a rate cut from the ecb ahead of the feds meeting next week. Joining us in the next hour, were 130 points on the dow. The high of the session was up 170. Continuing a good week sector wise below that certainly different than the start of the week we had a big value rotation on monday and tuesday. A little bit yesterday giving it up a little bit today. Thats, i think, because he got that ecb news on the Monetary Policy which basically was in line but very accommodating for a long time. Welcome back the fbi reportedly opening an rates rallied because the u. S. Data investigation into myth real a the core cpi is the highest in capital. This session cofounded by peter thiel, thats pretty important. And i think that also the alleging financial misconduct. In a statement to cnbc. Initial claim story remains very strong as well i mean i think you have a the company sayings in a foiled rotation today but i think next plot by a selfserving week if we get less exem
Bullard, a fed governor, who wants a 50 basis point cut in rates in the next fed meeting which is this month. Also helping, treasury yields as of now, not inverted. The dow industrials are going to be up over 200 points, probably erasing all of yesterdays loss. The s p up just short of 1 . The nasdaq up a full 1 . Going up at the opening bell. Now to britain. Boris johnson lost the vote on britain crashing out of the European Union. There may now be a general election and brexit may be delayed until next year. That means a trade deal with america is not coming any time soon. Now this. Winston churchills grandson, a conservative, voted against boris. Hes been expelled from the conservative party which was the party of his grandfather, winston churchill. The chaos continues. This news just breaking. Google has been fined 170 million for illegally collecting information on children, parents were not aware of that collection of information. Separately, a group of state attorneys general wi