Nt took into difficult territory. Can you give me a History Lesson on Travis Kalanick and what he delivered . Mandeep clearly he was a trailblazer and created this market ridesharing. He was probably too aggressive. Was on the cultural side. He did not care much about the reputation of the company that much. In hindsight, that was his mistake. Even though he was focused on expansion, there were certain reputational things that probably hurt him a lot. Even after the lock up, travis was probably the most in terms of selling the stock. Company hadall the a hard time keeping him on the board and involved in the day today aspects of the company and on the other hand he was telling the stocks so aggressively. Hopefully that is what this management hopes for is to change the shareholder base. Right now when you look at the shareholder base, they have softbank as the largest shareholder followed by benchmark. Chmark typically exists they are not there for the long term. For a large tech compa
Such a streak. U. S. Equities close at 1 00 eastern. Road map begins with the santa rally. Nasdaq with nine consecutive record closes, longest streak since 1998. Retailers bracing for that last minute rush on this final shopping day before christmas. But Delivery Companies also under pressure from the late push. And weworks cofounder may have big reasons to smile this Holiday Season a report says his 1. 6 billion exit package could get sweeter well fill you in. With markets in record territory, investors are in a better mood. The 2018 Christmas Eve period saw the dow tumble 653 points. S p down 27. Nasdaq 140 drop. Since then, those stocks have surged the nasdaq leading the major indices with a 44 gain since then we forget, december 26 we came in the day after christmas, and the dow and the s p rallied 5 it was wild a year ago. I remember vividly sitting on Christmas Eve, watching this show and i probably shouldnt have been doing that on Christmas Eve. I was, and it was plungingsinki t
I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
Manipulation as well as some provisions to protect intellectual property theft a partial deal would also include President Trump holding back on the imposing the plan december 15th tariffs but now negotiators are working on rolling back some existing duties when asked if china would remove these tariffs Chinese Ministry spokesperson going strong said the 2 sides are making progress. Its not a correct way to resolve the trade issue by slapping tariffs nor does escalating tension and confrontation serve the interests of anyone involved to trade consolation between china and the us has made some progress and is moving forward we hope the 2 sides will meet each other halfway and find a solution on the basis of Mutual Respect equality and mutual benefit. This comes as the u. S. Trade deficit with Global Partners dropped by 4. 7 percent to 52500000000. 00 in september reaching 5 months low slightly above expectations which were at 52200000000 dollars on year over year the current trade defic
Made an offer to buy the company. Josh brown, Wealth Management. Josh, great to see you today. Whats going on s p and dow basically hugging the flat line right now, taking a breather, i guess you could say, from the record run we saw earlier this week. I think you nailed it thats exactly what i see going on indices are stalling out given the runup, i dont think, should be a huge surprise. Rates are higher, which is interesting. Lot of the big winners of the year, like iyr, xlu. Anything rate sensitive also taking a breather. Xlf is falling out, the financials indexing etf got above a 70 rsi for the first time in i cant remember how long thats an overbought index when was the last time we were talking about the banks being overbought you have this confluence of things its perfectly natural keep in mind the big picture caterpillar, the whole industrials xli, etf, all hit new 52week highs yesterday. Honeywell, new highs these are things that do not happen in the context of a bear market o