He hit everything and anybody, go ahead. Maria quite the scene inside and outside the rally, of course, breaking news this morning, oil prices, markets are moving this morning after missiles hit and Iranian Oil Tanker, saudi port city of jetta overnight, iran state media, leaking crude into red sea, iran says the situation is under control now, the ship crew is safe, key shipping route for global oil industry, lets talk about that, here oil prices up and 3 quarters percent, reaction here. Look, this is just an isolation of tensions, we dont neglect that, its unconfirmed. Theyll be a marginal strike in prices. Thats right, we saw that attack on saudi oil field, we got spike up in prices but it didnt sustain, so i dont see this being i think this continues, but i dont see it as being sustainable higher earning. Maria in terms of resilience of the u. S. Given the supply thats coming out of america right now. Dagen as long as ive been wearing a microphone and makeup sitting in front of a c
A couple of big stories this morning. Peloton pricing the ipo. Price tag at 29 a share raising about 1. 6 billion now valued at roughly 8. 1 billion makes about a billion in revenue but loses 245 million annually. Now under the ticker pton. The peloton ceo will join us live this morning. If you have questions sen them in peloton. 245 million in losses well talk about the math of that and where they see profits and what it all means. Does anyone know about the treadmill . I do. It is expensive. It is about 4,000 the bike is about 2,000 plus. I have one. The bike is quite a piece of equipment. It is heavy. It is really well made i just got one two weeks ago. You can have someone screaming at you you can go outside. It is there, all free. Eamon javers is with us the hardware is a highmargin product. Higher now than an iphone. It is the services and the investment and the media component costing them they are doing a lot of build outs is that recurring cost or eventually be built out . The
The omega Family Office. Nice to see you we just welcomed a conversation on stage. You just heard the Vice President who is on stage now describe the economy as booming, the stock market as near record high the fed cut Interest Rates yesterday. All makes a lot of sense. The administration wants even more what do you how do you make sense of it . Look, japan has had negative Interest Rates for 3 1 2 years what has it done nothing. Europe has negative Interest Rates. Their economy is doing very poorly the Vice President cited a bunch of factors, in of which on my list, Consumer Confidence is up, retail sales Strong Economy growing at trend, corporate profits are decent Corporate America if they were pessimistic, they wouldnt be buying back all the stock theyre buying rates are already low. I pity the poor guy or girl thats worked their entire lifetime when they go to their Financial Planner and ask for advice about retirement. How can they afford to retire . Theres no income. Good luck b
Futures up by 253 points this comes after the dow was up yesterday by 230 points. The s p up by 27 points and then the nasdaq up by 92. The gains we saw yesterday were happening even though you continued to see pressure on yields in the treasury market. See how your Energy Prices and that did move stocks in the Energy Sector higher yesterday but again the idea that china is now basically confirming what President Trump was saying, things seem to sound better than they did last week for sure. Hearing both sides come out and make the arguments have been helping the futures this morning. They kind of said were not going to immediately match the new additional tariffs that he was right. So actually we would like existing tariffs to be going down. But both sides are willing to compromise and negotiate and thats a pretty significant deal. But it was their initial matching of the ones that he did. Yeah. Even though they really cant unless they raise the number they cant really match it anymor
Columbia law school, an expert on antitrust, copyright and Communications Law and a contributing opinion writer for the New York Times, including the master switch in the curse of bigness. Professor wu has twice been part of the politico list of 50 individuals transforming american politics and was named to the American Academy of arts and sciences in 2017. He received his bachelors of science from mcgill university. Fiona scott morton, a professor at the University School of management. Nationally recognized as a leading scholar and published articles in leading economic journals. From 2011 to 2012 she served as Deputy Assistant attorney general at the United States department of justice where she helped enforce the nations antitrust laws. The third witness on our panel is stacy mitchell, codirector of the institute for local self reliance. She spent years working with policymakers and grassroots organizations to help develop city, state, and federal policies to strengthen independent