Good wednesday morning welcome to squawk alley. Im Carl Quintanilla along with Morgan Brennan here at the New York Stock Exchange. One more day of jon fortts time out west, this time in san diego at qualcomm headquarters 58 points only for the dow but well begin with uber and the expiration of that post ipo lockup period meaning that an estimated 90 of shares are now available to trade at a new record low in the stock today. It was off the lows but down another buck and change means its hanging on to 26. 78. Foundation partner paul holland is with us along with mike isaac of the new york times, author of super pumped, the battle for uber. Good morning, guys, good to see you both. Good morning. Hey, hey. Mike, because were all trying to gauge the interest in owners alleviating themselves of shares in this expiration, do you get the sense that they want to sell or are shares so underwater that theyre going to hang on . Yeah, you know, its been kind of mixed. Theres a lot of employees ive
Good morning. Joining us kara swisher, executive editor at recode. Before we get to kara on the top tech business, lets get a check of the markets the dow is as just hit another record high. Its just backing off of that point. But if the dow manages to close higher, that would be the ninth record close in a row. And the tenth straight day of gains for the dow. Certainly the Big Multinational Companies have outperformed. Take a look at the nasdaq. It is doing better at. 25 coming off a week of losses. Well see if tech can continue this rebound it is sort of a mixture, a mishmash, mike, of companies that are leading right now you have Goldman Sachs and apple leading the dow. As far as the s p 500, tech is strong, Consumer Staples off that tyson report. We have a lot more earnings to come this week, disney, cvs, time warner and retail later in the week nasdaq is up 60 of the volume in advancing stocks the bread sj good and the nasdaq nod as g the market just holds steady the s p 500 is ha
Of sleeping. Big things ahead today, right . Youve got the exclusive with schul schultz, we cant wait for that. Its not about the triple pu on. The value of the payments business at starbucks talking about how much its worth and how important it might be here as a rival to some of these card companies. Yeah. Look, bob nardelli made a great point if you can cut out the little big, the vig that visa and mastercard get, if you can make it so someone nearing the store is able to pay for it ahead of time and own the register why should this be limited to starbucks. This is a trillion dollar market and Howard Schultz moved over from his daytoday running on starbucks to focus on this. Is it worth more than the company . Same say it is, i think its a little bit of hyperbole but well find out. So fascinating. The red carpet on the stairs behind you looks like the dolby theater like youre in the Academy Awards and youll sit next to hanks and brad pitt. Wow. I mean, if they show up if Richard She