Now. Good to have you with us on this big thursday. Our Investment Committee at the table, joe, jim, sarat, and jon. We begin with the market stocks are higher, trade meetings continuing. What all of that means to your money. Lets go to Kayla Tausche outside where the talks are being held for the latest. Keep an eye on the door behind me because that is where we expect the chinese delegation to be departing momentarily. Actually, you can see them coming out the front of the office of the u. S. Trade representative right now there are are about three dozen officials inside led by the vice premier liu he to the hotel where the group is staying, regrouping and discussing matters of this morning that were negotiated and possible next steps before an afternoon session and a dinner hosted by the u. S. Tonight of course, all of the fine print is being worked out behind closed doors here, but it was the president s tweet this morning that created the most Significant Development in this story
Paypal confirms it is bailing us commitment to Facebook Cryptocurrency project. Why analysts think that is a wise move. But first, to our top story. Loftyank set some investment goals. So far returns have not lived up to expectations. Have a long still way to go and that makes me embarrassed and impatient. I used to envy the skill of the markets in the u. S. And china. He goes on. There is just no excuse for entrepreneurs in japan, myself included. Joining me to discuss is sarah mcbride. What was your Key Takeaways from this interview . Sarah it turns out that masa yoshi son was being asked about the Japanese Environment and so, you can interpret his results to be more broadly, why arent there more entrepreneurs in japan . He specifically mentions southeast asia. There are number of unicorns out of places like singapore. Its hard to see anything similar in japan. In that context, i think you cant say he was upset at himself over the vision plan or something narrow like that. Taylor rem
Intelligence analyst, looking at a 5. 3 times price to sales basis for 2020. This is higher than netflix, which trades at 4. 7, and apple, which trades at 3. 7 times price to sale. As you know, here in San Francisco, tons of conversations about valuation, Corporate Governance, i spoke with dean munson and he said he likes the peloton filing much more than the wework filing. He liked the way they were transparent. From his perspective, it seemed like they were more transparent than other Companies Like we work. David you know better than i it is all about growth in Corporate Governance with these ipos. Where does future growth come from . Taylor continuing to expand in areas like hotel. They only tapped a little but of that market on the hardware side with the bikes and treadmills. Continuing to get those monthly subscriptions for about 39 a month. I love that you mentioned growth because we are speaking to brumberg tech who has been analyzing this stock. He likes the Topline Revenue gr
Huawei parts and various particulars there. That will freeze up fast. No more extensions. That is the push and pull on stocks right now. Meanwhile this issue of the on going hearing right now, inspector general, many others on capitol hill, whistleblower i should say, where all this is going, sentiment built to the conversation with the ukrainian leader that the president had back in july. A lot of people are looking at this 1998 feeling all over again. House democrats are pouncing on the whistleblowers complaint. It was House Republicans in 1998 were zealously going after impeaching president bill clinton. Impeached him in the house. Went nowhere to the senate. Survived that and had a good post presidency. They did the party out at that time from the white house did recapture the white house a couple years later. Markets were throughout back then. More of a little bit after roller coaster ride. Blake burman is here. Reporter almost simultaneously President Trump sent out a tweet that
Manufacturing data this morning. Weve got full Team Coverage of todays selloff bob pisani is covering the markets reaction to that weak manufacturing data Bertha Coombs is watching the movers at the nasdaq Rick Santelli is looking at todays action in the bond market lets check in, though, where we stand. We are down 281, the low of the session on the dow was down 347. A slight improvement in the last 30 or 40 minutes or so but a significant fall from where we opened up 129 points or so lets check in with steve grasso from Stuart Frankel whos joining for the full hour. Steve, what is this . Recession fears again or is it justified to see this slippage you know, its funny, you know, im tempted to just jump onboard and say its all recession fears. And then you have the first day of the month and then you have impeachment. And then you have trade. But definitely, this is recession fears, but i wouldnt read into it as much as Everyone Wants to you have the first day of the trading month, th