Know how to make your interviews. I have learned, from doing my interviews, how leaders make it to the top. Jeff i asked him how much he wanted. He said 250. I said fine. I did not negotiate with him. I did no due diligence. David i have something i would like to sell. [laughter] you dont feel inadequate being now the second wealthiest man in the world . Is that right . [laughter] about a decade ago, a young entrepreneur, Brian Armstrong, who was working at airbnb, left that company to start a company to trade cryptocurrencies. The company he started, coinbase, became one of the hottest ipos on wall street. This year, because of the ftx meltdown, coinbase has had some challenges. I sat down with Brian Armstrong to talk about the future of his company. So, for those who dont know much about cryptocurrencies, what exactly is coinbase, and what does it do . Brian so, coinbase is the primary financial account for many people participating in the crypto economy. We help people buy and sell
Thatwould be julie would be one of the many superlatives we have had. The s p 500 earlier touched 2600 and it is nearly at that level. What is curious and interesting is that once again, these gains are coming on no particular catalyst. We have a holiday shortened trading week. We have got this big surge in stocks, technology in particular doing well. This is evidenced by the upsurge in the nasdaq. We also have some earnings reports to chew on. We have got two food related earnings, going in decidedly opposite directions. Hormel foods out with sales that beat analyst estimates, but on the flipside is campbell soup, a decline of more than 7 , the most in a single day in nine years. A cut their annual profit forecast. It is hurt by an ongoing dispute with walmart. Basically, walmart is saying it has been cutting its inventory of campbells. That is taking a toll on the company. I mentioned Technology Shares doing well today. We have some analysts and other types of commentary. Marvell Tec
Flatten. The currency move of the day is what is happening with the turkish lira. A huge move today. We will discuss that later on in the show. Because theres a war going on between the president and the central bank. The last 24 hours hasnt brought much certainty and who will govern germany. Chancellor merkels largest partners expressed no interest in coming together and she said she would rather have new elections they go forward without a majority. Matt miller has been covering each development and we welcome him from berlin. Bring us up to speed. What is going on . Matt you summed it up quite well. The key is she doesnt want to go forward without a majority. The form still prefer a Majority Coalition with either the ftp and the greens or with the std her Current Coalition partner. That seems so unlikely, the ftp having to walk out of Coalition Talks. The stp saying it is no way interested in prefers to stay in opposition. Now the president whom you see here is going to try and forc
In a power unit, part of john flannerys turnaround plan. This is stock down 44 . Year to date, worse than 2008. Is enough tothis encourage investors ahead. Bitcoin is amazing. Over the last two days, bitcoin taking out several round numbers. Over013,00014,000, now 15,000. That, david. Bitcoin continues. Futures trade next week. It. Id mini is one word for lisa another work. [laughter] david insanity, i dont know. Morning brief. 8 30, we will get job claims. At 9 45, Bloomberg Consumer comfort data. 11 30 this morning, President Trump will meet with republican senators. Later in the afternoon, he will get together with members of the congressional leadership. Thats all coming up later today. Sign up for our daybreak first take, where we discuss the first stores of the morning. First up is tax reform. Orrin hatch is saying there is a drive to set the Corporate Tax rate of 22 instead of 20 . We will turn brexit with theresa. Ay, another proposal wildfires raging in Southern California. Jo
Could this king crab pot a fifth also coming up its candidate protein now that even food scene takes to the stage in his fortys and near marathon press conference days after saying he would run for president again. And in the industry gone on informed shako were determined to catapult themselves into second spot in the table by beating a solid outs but. Im a bit touchy. Britains Prime Minister tourism a is heading to a summit in brussels today after a setback in parliament over bragg said she and other e. U. Leaders are expected to endorse a first stage deed on the terms of bags that were still agreed on last week but mays defeated term could undermine a party in brussels m. P. s voted that parliament druther than just a Prime Minister and a cabinet not have the final say on any breaks it agreement before the deadline in march two thousand and nineteen. There says the move to resume is way first said majority was exposed. The ice to the right three hundred nine the nose to the left thr