This case. I know the facts of h case like the back of my hand, you told me and theres nothing wrong thats been done. Why did you settle . Well, it was very simple. My lawyers told me winning would be very high. The golden partner, hedge fund manager, im wealthy, enough factoids and impress juries and that the cost of the trial would be 15 to 20 million and go for an a couple of years. We would likely see appeals, but let me make it clear. I vented into whats called a no admit, no deny settlement, which prohibits me from commenting on the governments allegations, where theres strength in my defenses. B i believe it speaks for itself and ill leave it at that. Do you worry some will see this settlement and think youre guilty . That you did something wrong because you settled . Theres always that b possibility. But i think you know, you get due process was extraordinarily abusive. This is one of the reasons im sitting here. Id like to prove things for others who are afflict nd the future
Street. Bob pisani. A lot of fun today the company priced at 17 per share, it closed at 24. 48. I call that a successful opening. Now snap has a market cap, 34 billion. This is the same neighborhood as travellers, deere, General Mills and marriott. Why the healthy pop . The markets are trading near historic highs. Second investors have been starved for a high demand ipo for a long time. Third ipo returns have been strong. The average ipo is up 26 in the last year. And finally, the number of shares the company floated pretty small, just about 14 of the total shares outstanding. This was a great first day pop but a lot of Tech Companies have had great first days then they run into trouble within six months or so. Item number one. Facebook priced at 28. 12 but had a terrible time after that. Then we had twitter. They priced at 26 in 2013. Huge first day. They closed almost 45 but it too was plunging six months later. And we have alibaba. They priced at 6 in 2014. Their first day they clos
A full week of election coverage. The dollar first. U. S. Stock futures are higher after the fbi cleared Hillary Clinton of committing a crime as rival donald trump implored his followers to overcome a rigged system that he said protected clinton. Joining me is a London School of economics fellow, the author of desperates accomplice. Michael mckee also joins us with all the news that matters. He will talk trade and brexit with the ceo of britishamerican business, Jefferies Group shock, as well. Lets get straight to the bloomberg first world news with nejra cehic. A Third Quarter before hsbc, adjusted pretax profit, which excludes onetime items. It rose 7 from a year earlier to 5. 59 billion, ahead of estimates of 5. 29 billion. It was helped by stuart sullivans costcutting plan. Ukip Prime Minister theresa may is in india to lay the groundwork for a postbrexit trade deal. The following pictures contain flash photography. May has promised to smooth the path to the u. K. For indias wealt
Today . Speech therapy, trying to deal with the mutiny that was coming as a result of Bernie Sanders supporters who did not want to give in. After a storm calls for unity is the headline in the philadelphia inquirer. As the night went on it looked like the bernie supporters had finally calmed down. You heard john harwood report earlier about how Sarah Silverman told them they were being, quote, ridiculous. And that seems to have helped. Lets see what happens tonight with the big headliner. Former president bill clinton, historically hes always a crowd pleaser. But, guys, he has run into trouble with the black lives matter protests as hes been on the campaign trail a couple of times. But you can assume this is probably going to be a pretty friendly crowd tonight. Lets get over to brian and tyler back at cnbc headquarters. All right, michelle, thank you very much. So a ton in the Business World going on as well. Your power lunch menu seems very appropriate today because mcdonalds is the
Doesnt seem to influence was going on with the investigation. Maria the controversy coming as clinton and donald trump get back on the campaign trail. Both candidates in North Carolina and president obama will appear later today. A deadly week of terror continues. A string of bombings in saudi arabia yesterday, when taken place in a mosque or thousands of worshipers were about to hold sunset prayers. An event five years in the making. And nasas days back entering jupiters orbit overnight. The goal of the nation and what it means for Space Research coming out. More cool video, too. A center in the nba. Kevin durant announcing he will join the Golden State Warriors. Turning to markets, a selloff around the world. Futures. 393 by bus on the dow futures. Off the lows of the morning so far. And your british pound fall into a newt or the one year low against the dollar at 131 and change. The major indices in europe. Weakness acrosstheboard. A selloff of more than one and a 3 in france and ge