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
A leak in criticizing the us administration. Protect society from the abuse of power. Helps release the full potential of a nation. Under global conference for major freedom is underway in london but our t. V. On the Russian News Agency sputnik from entry. Its just gone 3 am here in moscow watching national with me. And fussed a u. S. Federal judge has told washington it must stop alleging that a russian pharmac used all the election map and was funded by the kremlin or face a range of potential sanctions the court found that such unsubstantiated claims against the Internet Research agency which are not included in the 2800. 00 document against at risk prejudicing a jury. Reports. The mulu report the us investigation the media everyone accuses russia of carrying out a sweeping Systematic Campaign meddling campaign in the us election into in 2016 they did it via 2 methods the 1st one was. Intelligence Agency Hackers g. R. U. Haggis who broke into the d. N. C. Systems they allege stole a
Secure facility when he was Vice President and when he was the United States senator. Both are a violation of the espionage act and having a poor memory does not absolve you from violating the espionage act. Maria jonathan, of course we know what robert hur said after the interview of joe biden, that the public would see him as an elderly man with a bad memory and yet the doj will not hand over the actual tape, the actual audio and notes, transcript from that interview. Yes. Quite interesting because im not sure the real reason for not turning it over other than not wanting President Biden to look bad and my guess is that tape would be even far worse than robert hurs characterization of the interview. And we see it time and time again, whenever hes not reading directly from a teleprompter hes a mess and everyone can see it. There are a couple things in the report that are quite interesting. I hope they get into what is the circumstances if which these documents were found . It seems ve
All right, microphone on. The subcommittee on labor health and human services, education and related agencies, please come to order. Today, we are having a hearing on President Joe Bidens administration, 25 budget request for the department of labor. Im happy to welcome acting secretary, as we grow, we are looking at a bipartisan manner. This is passing into law by the president. This is part of the common ground. Instead of pursuing the policy riders, looking at the cuts with the Workforce Development protection program. A small minority is able to derail the appropriations process. House republicans did that last year. Repeatedly threatening government shutdowns. It hurts the constituents, the communities, intended to be served by another federal program. Causing federal agencies to waste time and money, instead of making sure that every dollar is used effectively, as intended by the laws that we pass in congress. We need to do better. Acting secretary, this budget is a good step. Ac
All right, microphone on. The subcommittee on labor health and human services, education and related agencies, please come to order. Today, we are having a hearing on President Joe Bidens administration, 25 budget request for the department of labor. Im happy to welcome acting secretary, as we grow, we are looking at a bipartisan manner. This is passing into law by the president. Th a small minority is able to derail the appropriations processpolicy riders, looking at the cuts with the Workforce Development protection program. A small minority is able to derail the appropriations process. House republicans did that last year. Repeatedly threatening government shutdowns. It hurts the constituents, the communities, intended to be served by another federal program. Causing federal agencies to waste time and money, instead of making sure that every dollar is used effectively, as intended by the laws that we pass in congress. We need to do better. Acting secretary, this budget is a good ste