Snap chats Parent Company goes public. Everybody here in the bay area is watching this closely. Daniels is a consultant focused on snap. It may inspire local Tech Companies to get serious. Seeing what happened today could really get boards excited. And if boards in the next couple months start saying, lets be like snap, we could have just a quite a herd of really nice companies, and unicorns heading toward the markets. That would be awesome. Potentially awesome for those companies, what about the bay area economy and housing market, which has been pricing people out for years. One ipo like that could make a difference. Steve has been a realtor in San Francisco for 40 years, and says, tech has changed the market, facebooks Public Offering in 2012, almost doubled the number of Million Dollar listings in menlo park. People make an offer in good faith, and the property gets bid up 20 , very frustrating. Folks do leave the city because of that. Another blockbuster ipo just makes that worse.
Joining us tonight. Two former Stanford University students are multibillionaires. This morning, snap cofoun r cofounders rang the opening bell on the New York Stock Exchange as their company went publ public. The company had even more to celebrate after the closing bell. Snap finished its first day of trading at 24. 48. It managed to rise on a day the rest of the market dropped. The dow fell more than 100 points, the nasdaq dropped by 42. This is the biggest and most expensive American Tech Company to go public since facebook in 2012. Snap isnt a bay area company, its based in venice beach. Kate larson is live to explain how it has an influence on our local tech industry, kate . Even though snap is based in los angeles, it still feels like a Silicon Valley startup, a lot of the investors and people who work there are from the bay area. Which has people wondering if snap may be the end of a years long ipo dry spell. Snap chats Parent Company goes public. Everybody here in the bay area
Donald trumps Election Campaign after questions about his contact with the russians. There are new calls now from California Democrats for sessions to step down because he did not disclose that he had met twice with the Russian Ambassador to the u. S. During the campaign. Tonight, President Trump tweeted Jeff Sessions is an honest man, he did not say anything wrong, he could have stated his response more accurately but it was clearly not intentional. Abc News Reporter e lolona zack in washington. Reporter the latest revelation, the president s own soninlaw, jared kusnyer met with the russian official at trump tower in december. Meanwhi meanwhile. I have recused myself in the matters that deal with the trump campaign. Reporter nonetheless, attorney general Jeff Sessions denies he did anything wrong. I never had meetings with russian operatives or russian entintermediaries about the tru campaign. Reporter but he did meet with the Russian Ambassador twice. Session says his meetings were a
This guy is trying to rape this girl. She said call the police. Hes trying to shoot me, she had blood on her lip. Newly released 911 calls from last mays abduction of a vallejo teenager. And new hope that she may be alive. Pam moore is here to tell us what police are now saying. May have happened to pearl pinson fifteen year old pearl pinson was last seen on may 25th of last year. As you can see here. Set up at the Solano County Sheriffs Office is a display of newspaper clippings. Growing yellow with age. But authorities insist, the case is still very active. Natpearl pinson was on her way to school on this freeway overpass in vallejo. Eyewitnesses reported a violent sexual assault. And he shot her. He shot somebody . I heard one shotyou heard the shots . It took 32 hours for detectives to determine that her abductor was 19 year old fernando castro. The next days he was spottted driving this gold saturn over the Richmond San Rafael bridge. The same car led the c h p on a chase that end
Investors continue to believe that the fallout from the brexit vote will be limited and todays buying picked up steam after britains central bank said new stimulus was likely this summer. More on that in just a moment. All of the major inddeese rose more han 1 today. The Dow Jones Industrial average gained 235 points to 17,929. The nasdaq added 63. The s p 500 was up 28. For the first half, the dow and the s p 500 posted gains. The nasdaq fell, but the final numbers for the First Six Months of 2016 dont tell the whole story and what a story it was. January 2016, it was the worst start of the year for stocks ever. In just ten trading days the s p 500 erased nearly 1. 5 trillion in market value. February 2016 the selling intensified. The major stock indices hit multiyear lows. Oil prices cratered and gold prices took off. By march things start to turn. Global uncertainty seemed to fade. Stocks rose along with the price of oil and the market hit new highs for the year. That climb continue