Buyer beware, ipos that have doubled do not have a great track record after the debut. Plus the president and tiktok, he says hes not prepared to sign off on anything for an oracle tiktok deal. And wall street poised for a sharply lower open following the feds pledge to keep Interest Rates low for years and Technology Stocks do lead the declines speaking of which, jim, sounds like your conversation with joe a moment ago kind of rings with what Credit Suisse says today about tech valuations overall, that is that there is some excess and theyre lightning their weight at least on software. I count 30 companies that are selling at 30 times sales and then theres a number, even more, maybe another ten that are selling above that, 50 times sales for zoom along comes snowflake at 100 times sales. You just have to put the stop sign up because what it says is theres going to be so much supply that is coming. Look, if you own a company youve been waiting for it to come public you just got the gre
The dow is at 25,600 is the low for the weekt. Joining us this morning to talk about that is a u. S. Equity executive strategy director. And i think maybe the first time we had you on our air, welcome thank you, it is good to be on and i appreciate the time this morning we love getting the insight nanny general your Research Notes have been really clear in spelling out a narrative on the kbas baskets that work for stocks i argue it is a relatively bullish tone, but how would you put it i think the way were looking at this is were ultimately confident that you have a v sharped recovery and ultimately you have a strong fiscal stimulus to provide an effective bridge to 2021 now mic and my team have also been positive on the operating leverage story particularly as were seeing increased prevalence of companies having to do more with less just like coming out of any other resection, that generates operating leverage and i think that is actually this emerging theme for life after covid and i
Created 4. 8 million jobs, and that is much stronger than expected almost every single sector improved, bringing the Unemployment Rate down to 11. 1 . Isnt that the kind of news that makes people want to buy pretty much anything . Then the rally did taper off near the end of the day. The dow only dwayne e gained 92. Those are big numbers, but we got spoiled, didnt we what do these numbers mean what reflects the state of the labor market in the middle of june how does it impact your money . First, you need to understand that were still nowhere near where we are before the pandemic struck we still have a lot of ground to make up. The economy was smoking hot. I, however, think its a legitimate comeback. Its a legitimate comeback and a comeback gives you more latitude to buy stocks that depend on a healthy economy, not just an unhealthy one. But these are before the latest outbreak thats forcing many stocks to go back into lockdown mode, so its a glimpse into a post covid future that we ha
Latest addition to the navy. A controversial people smuggling trial. The lawawyers say the wrong mans in the dock. The prosecutors say he should face 14 years behind bars. Coming up, donald trump has spoken out agagainst facebooks plan to create its own digital currency. Brian quinn will have more in our business update. Why oneress review, chef is up in arms with the michelin guide. Overr his use of one famous english cheese. The ecology minister has told local media he has no reason to resign. He has said he has received a full support of president macron earlier this week. He has come under fire for holding extravagant dinners and spending thousands on renovations. I have no reason to resign. He did not ask me to. When you are attacked all day long and new false information comes out, obviously you want to be alone, to let go. I will not do that. I am angry. When i read an article that claims i live in a Public Housing unit, i have never asked for subsidized housing. Pointing to a r
The globe. And lets do business big tech is bracing for a fresh assault on several fronts activist back at the European Court of justice in luxembourg to challenge facebook in another case the right to privacy law the lost ones or a transatlantic Data Transfer system struck down over concerns u. S. Spies could get access to the new data analysts say todays case could be even. Privacy at the same time u. S. President trump is gearing up for a social media summit on thursday but the main Online Platform on Facebook Says it hasnt received an invitation to reports twitter has exploded the white house says Digital Leaders will discuss the opportunities and challenges of todays environment valley can expect a crackdown. On German Economy minister peter mieris. Tech and trade trip to the u. S. Hes visited tech giant google of maya has criticised the firm for its market dominance its Parent Company alphabet Reigns Supreme on the internet its take a look at the figures last year posted revenues