Five day winning streak. Dom chu has more. And it has been the outperformer the nasdaq again up about onethird of 1 , so well off the lows of the session so far all those lows by the way, the dow industrials down roughly 271 points and weve gained back a lot of ground, but a lot of waiting and seeing with the s p just about flat. Lets take a look at some of the sector movements since the covid lows that we saw back in march over the last three months, the real standouts have been energy, up about 68 , consumer discretionary, retail names up 47 . And Technology Names up about 37 . Are more sensitive names playing on a recovery or hopes of one driving those particular gains so something to watch. And then the stock of the day is spotify hitting a record high up 13 off the highs of the day after it inked an exclusive deal with Kim Kardashian west to host a new exclusive podcast centering around kriccriminal Justice Reform and remember a lot of headlines, dwrenkt listin direct listing, not
Billionaires adding more than a trillion dollars to their wealth this year. Lets get straight to the burning issues. With me is jason kelly, sonali basak, and Patrick Connor clark. The Public Markets have been shrinking. Give us a sense of how much we have seen the public world contract. Jason its dramatic. Obviously, im here in the heart of it in San Francisco, where Companies Stay private for longer. What that has meant is, over the last two decades, about half of the Public Companies have gone away, they are not publicly traded anymore, and that has been a boon here, Companies Stay in private for longer, but it has life implications for investors. A sense of whyt so Many Companies are deciding against going public, why they are sticking with private financing . The moneynly because is absolutely available. Here in silicon valley, we talk about venture capital, but private equity, we are talking about 4 trillion plus under management when you talk about private equity writ large, inc
Trade deal and the market soars the dow gaining 221 points s p climbing. 86 and the nasdaq. 73 . What do we say hello . Hallelujah i dont mean to trivialize the importance of this news. It matters it does matter President Trump trump stock, trump stock. Might be able to reduce the tariffs with the chinese by 50 , or cancelling or forestalling the tariff hikes that were supposed to go into effect this week that would have affected a lot of consumers china is willing to make some major agricultural purchases while doing a better job of enforcing u. S. Intellectual Property Rights and maybe opening up their market, specifically to the services and especially the Financial Services industry. And thats a big deal. But, and this is the worlds biggest but, the days when a china deal could control the fate of the whole stock market are long gone, even as we act as if its all that matters initially the market reacted to the tariffs as they were going to cause a worldwide recession this whole de
And slackjawed. Slack slumps after Earnings Reports. This week, china and the u. S. Announced facetoface negotiations and that aimed at ending the tariff war will be held in washington. Skepticism on both sides for true progress remains high. This follows president trumps 15 tariff that became a reality last sunday, dragging apple further into the trade war. While the flagship iphone is spared, some key products are not. Namely, airports, apple watch, home pod, and imac. Guests joined us to discuss on tuesday before the latest round discuss on tuesday before the latest round of talks were announced. Apple is like you pointed out, the clear one. Any company that has manufacturing in china is there. But what is potentially more interesting than that is its starting to kind of spill over into other industries we felt had assumed were more resilient or tariffproof. Auto desk is an example. An Enterprise Software company, it is recurring, everybody thinks of that as being very defensive, bu
Tariffs imposed by the u. S. What it all means for apple. Google will pay 170 million as part of an agreement with the ftc for violating childrens privacy on youtube. Critics say it is not enough. And slackjawed. Slack shares plunge after the companys first Earnings Report since its training debut. There are Service Problems and competition from microsoft. This week, china and the u. S. Announced facetoface negotiations aimed at ending the tariff war will be held in washington. Skepticism on both sides for true progress remains high. This follows president trumps 15 tariff that became a reality last sunday, dragging apple further into the trade war. While the flagship iphone is currently spared, some key products are not. Namely, airpods, apple watch, home pod, and imac. Guests joined us to discuss on tuesday before the latest round of talks were announced. Apple is, like you pointed out, the clear one. Any company that has manufacturing in china is there. But what is potentially more