And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Yet to shape out its just a chance to come to advocate and in gains from it because the trail. Went on many find themselves worlds apart when shes to look for common ground. I. This is boom bust one business show you cant afford to miss branch of war in washington coming up just straight up thousands of Airline Workers hangs in the balance as Congress Continues to debate stimulus for the ailing industry straight ahead we dive into the struggles of the aviation sector and where their fate lives on capitol hill and later controversy continues to stir in europe as the e. U. And the United Kingdom continue this bar over their divorce deal later on were going to break down the Details Behind the friction of a packed show today so lets dive right in. And 2 of the United States largest air carriers have announced the furlough of more than 32000 employees after lawmakers failed to extend a bailout for the industry ravaged by the copen 1000 pandemic that the layoffs from american and United Air
Market watchers coming up. All that and much more on making money. President trump i shut down talks two days ago because they werent working out. After that, we got back, both sides very capable. We got back, we started talk again. Were talking about airlines and bigger deal than airlines. Were talking about a deal with 1200 per person. Charles well those stimulus comments by President Trump helping boost the market today until nancy pelosi said there will be no airline help without a bigger bill but talk needs to translate into action between both sides that has to happen fast before something, certainly before the election. So what is going to happen . I will bring in now Tennessee Republican senator marsha blackburn. Senator blackburn, we heard, we had a great lively interview with President Trump this morning on our network. It is pretty clear he wants to get something done and something done immediately. Whats the latest right now . We know that the president does want to get som
Else, stimulus optimism. Pelosi and mnuchin are set to speak again. Airline stocks are up. Plus the race for a cure and treatment for the coronavirus. Shares of regeneron and eli lilly are rallying, both asking the fda for emergency use approval for their antibody therapies. And speaking of surging, look at shares of ibm this morning, moving up on plans to spin off its it infrastructure unit Arvind Krishna and Ginni Rometty will both join us first to discuss this historic move for the company. Carl we are awash in headlines from the president after this 55minute interview. But buried in there are discussions about the progress of stimulus talks and emergency approval for the likes of lilly and regeneron. Look, i think that there is a narrative that were going to start hearing and it was the president s narrative, he voiced it, i know if youre george ancopolous, you dont want to hear it is a cure. You want to hear it is something that is part of a cocktail of things that you need to be
Senate shouldnt confirm her. I think she will continue on to the Supreme Court. Brennan but what gave pause last time . Sometimes it is hard to predict how judges are going to actually rule on individual cases. But is there something we should be scrutinizing here in terms of her stance . Democrats are assuming she is against Affordable Care act and against roe vs. Wade. Are those fair as assumptions . I dont think those are fair at assumptions. I remember being a very young law student hearing this about robert gore and clarence thomas, and almost every justice nominated by a republican. What you can guarantee is theyre going to approach the task of judging as a judgment theyre not going to substitute their own policy views for the will of the people. Theyre going to read the law as passed by congress and is found in the constitution, not based upon what they think it ought to be, but what it is. I disagree there is any hesitancy or pause the last time. She was a relatively new federa