Its 11 00 a. M. At ibm headquarters in new york, 11 00 a. M. On wall street and squawk alley is live good wednesday morning, welcome to squawk alley im Carl Quintanilla markets having another good day. Record highs across the board. Dow up 135, s p 2561 on the back not just upgrades blue chip merck best day on a percentage basis and several years as a busy earnings season rolls on. And right now at this hour, alibaba backed qudian largest provider in china making its debut here at the New York Stock Exchange stocks surging at the open this morning. Up about almost 40 . Up near 39 . For more were joined by qudian founder and ceo min luo. Congratulations. You own about 60 of the country, so that makes you a billionaire, i believe biggest listing in china im interested in the business youre in providing these small dollar amount loans for people weve seep this in the u. S. With companies, why is this so important for the Chinese Consumer right now thank you thank you for the question actu
Change in the stock price is bigger than the stock price itself. Its bringing down the entire Biotech Sector but the real warning sign for this company may not be in the stock move itself. Well explain that coming up in a minute. Well known tech investor it feels like that but its warmer today. Sitting next to me in just a moment, dan niles, hell give us his two favorite stocks right now and one of them is not in the tech space. Hell join us exclusively in a few moments. The face of the election could look very different tomorrow if donald trump can beat both marco rubio and john kasich in their own states. Were going to look at both sides of who can be the candidate for business after the florida and ohio primaries. Well talk to two former governors, Christine Todd whitman and Jennifer Granholm. The money behind steph curry, im a little bit of a fan girl. Youre not alone. I know Boys Basketball team here in new jersey, they could wear a niksz and lebron james but they are wearing step
Partner. First up as we look at a relatively calm day in the markets, we have to look at yahoo . The Internet Business could be in a combination of microsoft and private equity firms. Discussions are in the preliminary stage with microsoft potentially providing some backing. I also want to give you a little bit of news this morning, because i spoke with some folks familiar with the sales process at yahoo . That was categorized as being in the militantiddle, of the first with first round bids not having come in yet. But according to the person familiar with the process, it is on schedule per the sales committee, and the level of interest, im told, is high. But, of course, anyone working with a company to try and drum up interest is going to say it is high. But certainly, that is going to be interesting to watch as investors say the sales process is not going quickly enough. But tim draper, i want to ask you about this microsoft news. Is this 2007, 2008, all over again . Well, no. I actu
Who wants to erase the state from u. S. Maps he is a serious invest here is dabbling in a reality show, a welldressed man who we are about to show in his underwear. Here take mine. Thats tim draper there, taking a break from his day job a few years ago to play a part in his sisters tv show naked brothers banned on fwhik loadian. Whenever anybody says you cant, i always think, well how would you . This too, is tim draper in pants discussing his plan to split california into six separate states. Just one of his many interesting ideas. So many ideas and projects venture beef calls it the draper ecosystem. His latest effort to pass on his knowledge to a new generation of entrepreneurs through an intense and Residential School called Draper University. Tim draper is the son and grandson of venture capitalists, one of the very few oldstyle dynasties you will find in Silicon Valley. His firm is invested in tesla and space x and jaromir, among others joined by andrew tang who runs the school D