You told me things were very frothy a lots happened since then. The wework had just come out. We know what happened with the wework blowup theres been this sense that you saw with the wag news. Theres been these companies have raised an extraordinary amount of money and pitching themselves as Tech Companies that really went Tech Companies. Wework was not a Technology Company. Swag not really a Technology Company, and the combination of trying to get the technology valuations on companies that shouldnt be trading that way and companies that are just raising too much money and have no financial discipline. Hopefully some of that is coming to an end but i still think valuations are going to be crazy for a while. I think, if anything, this signals the beginning of the end of these shoot the moon sort of Business Plans what i mean by that is we just they dont work for two reasons. One, companies are raising a tremendous amount of money and they do that primarily to try and have some sort of
The big week for the bulls technique up 2 . Transports up more than that the semis, soaring the stocks to snap up right now. Time to take on. Why investors are checking into delta and American Airlines. Its our call of the day. The Investment Committee is ready to go, the Halftime Report starts right now and it certainly is good to have you with us on this friday. Our investment comphoot is steven rice, jon neg jarron, Jim Lebenthal and megan. Thank you we begin with the markets, all 11 sectors, 100 there in the green for the week four of them including technology up about 2 transports and some of the chip names, guys, soaring and doing very, very well. Joe terranova, we talked about it yesterday are you surprised by how strong the market has been this week . Where did this market scum after an august to forget . I wouldnt characterize it as an incredibly strong market. I think its a market that finally has broken out of a consolidation range when youre talking about equity postPreside
even questioning how this came to light. merrick garland was getting creamed in the pr war as trump repeatedly slammed the search as a break-in, but the attorney general felt he couldn t publicly respond. so justice department officials made hair case through leaks their case through leaks which violate the rights of a potential defendant who hasn t been charged with anything and may not be. they made garland s case from a behind a curtain of anonymity. a poll-up piece in the washington post cited people with direct information. as an ethical matter, the leaks are indefensible. i m howard kurtz, and this is mediabuzz. howard: ahead, we ll question senior white house adviser gene sperling on the fierce debate over the president forgiving college debt for millions. that new york times story triggered a media explosion, especially the part about donald trump repeatedly holding on to documents so sensitive they could only be seen in a secure government room and a deep s
Goldman Sachs Technology conference right here in san francisco. We will hear from technology heavyweights over the hour, including the ceo of gopro, ripple, and Goldman Sachs. The year is set up in a way in which i think it should be very constructive for m a activity and ipo activity. Activity. We have got a very healthy ipo backlog, but we also have an environment for a variety of reasons why meeting should set up to be a pretty good year. Are private market valuations private healthy right now . I think private market valuations have heightened the months. The last 1224 capital has been tighter for private market funding. I would not say that valuations are bubbly. Environment where growth was sluggish, investors were looking for a place where there was growth, and Silicon Valley is a place where there was a lot of growth. You look at a company like amazon, it is growing 30 on when hundred 80 billion of and 80 billion of revenues. These are Big Companies with large market caps. The
Lets start in the business section. A story that is fascinating came out a couple of weeks ago. It is about a trifecta of wellknown individuals, jeff bezos, warren buffett, and jamie dimon talking about fixing the health care system. The biggest guys around. The details on this story remain hazy. What will be the solution in health care . How are they going to try to fix this . Theyre trying to find a ceo who can spearhead this initiative in the three companies. What is interesting, and we pick up the narrative, the reaction within the industry. The health care industry, amazon is at the door, this is a big deal. That is where we picked up. Julia this is not what we were expecting. We should make the point that at the moment they are tackling the situation with their individual companies. What does this mean for the individual players, the insurers, the pharmacies, the middlemen . Carol pharma, right . Right. All of this is a massive cocktail of what is happening in health care . Why d