Rogers weve had 29yearolds making 1 million a year, expecting to make 2 million the year after that. Diana ferry but if youve got plastic money, theres Nothing Holding you back. History will prove the bakkers were honest people. Reporter Insider Trading could become wall streets watergate. Pauley what do we call greed the day before an indictment . Im afraid recently, weve called it success. Robinson the u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising while our standard of living is declining. Thomas there was tremendous inflation and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. Dobyns on wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside, either. The tickers carried almost nothing but bad news. Mclean wed come off a terrible decade for investing. Peopl
Ubers archrival, lyft. The billionaire investor added 100 million, and one of the investors employees will join the board. Uber is valued at 40 billion. Lyft a little over 2. 5 billion. Then there is the reach, 250 cities worldwide for uber, while lyft is just in the states. For more on what this investment means, i want to bring in leslie picker, Eric Newcomer is here, as well as our editor at large cory johnson. Cory, i want to start with you because this is a different kind of investment for carl icahn. Why is carl icahn first of all investing in a private tech company, and why lyft over her . Over uber . Cory lets think of all the reasons, one, he is wanted to make money. Carl icahn has been a moneymaker, but a Company Builder not by any stretch of the imagination. He likes to look at what he thinks can be better that he can make money. 30 years ago, 30 years ago, he had borrowed money to help Michael Milken and Drexel Burnham lambert to help one of the corporate raiders taking ove
1 00 p. M. , the bond market i believe at 2 00 p. M. We are poised at what would seem a higher open. Were not going to get a lot of hours of trading in. As in for the 10year note yield, lets take a look and see where we are. There it is. 27. 66. And well go to the map in europe where i can never figure out the geography. You know the boot is italy. I know the boot is italy and i can pick up russia. Our road map here back in the United States starts with what else, retail. Millions of shoppers, yes, millions hitting the stores for black friday. Well go live to say how sales are going. Brian . The markets are open today for an abbreviated trading session and we are poised to open at record highs again, which will be about the 40th time this year. I guess you guys could say that here on squawk on the street. The nasdaq finishing wednesdays session at a 13year high, kayla. And thin trading today on a shortened trading day. And also bitcoin keeps on surging, topping 1,200 earlier today, doe
One, the trump tower meeting is under scrutiny in the obstruction of justice track of the Mueller Probe, and on the collusion track bob mueller has charged russian officials for election meddling and he may be building a conspiracy case and working to connect the dots to any unwitting or witting accomplices inside the trump orbit. Cohens bombshell contradicts many months of denials from donald trump about his knowledge of the trump tower meeting, like this one from an interview with the New York Times last summer. Did you know at the time that they had the meeting . No, i didnt know anything about it. It must have been a very unimportant meeting because i hadnt even heard about it. No one told you a word, nothing . I know we talked about this on the plane a little bit, but nobody it sounded like a very unimportant meeting. Donald trump, jr. Also denied telling his father about the meeting. A lot of people are going to warrant want to know this about your father. Did you tell your fathe
The u. S. Economy, which used to be the envy of the world, is in the most serious trouble since the Great Depression. Inflation is rising, while the standard of living is declining. There was tremendous inflation, and not much growth. The country was not in a Great Depression in 1980, but the United States was in the dumps. On wall street, it was cold, gray, wet, and miserable. There was no comfort to be found outside. And for investors, there was not much inside either. The tickers carried almost nothing but bad news. We had come off a terrible decade for investing. People were skeptical of the stock market. It was a very sleepy wall street back then. Most economists expect a serious recession, with at least 2 million more americans losing their jobs. I regret to say were in the worst economic mess since the Great Depression. Literally from the first moments of his presidency on, president reagan let it be known that his top priority is the nations economy. I put a freeze on pending r