Joins us to share how price conscious shoppers are navigating the store. Katie welcome to bloomberg markets. You take a look at these market and it is definitely a monday morning. The s p 500 up by about half of 1 building on last weeks losses. The same thing if you look at the nasdaq 100 and the big stocks. All the while you are seeing a little bit of a bump to volatility. The picture now higher by about one point or so, looking at a 16 handle. But lets get back to reddit because reddit and its investors looking to raise as much as 748 million, one of the biggest ipos so far this year. Ed ludlow joins us from San Francisco with the latest. 31 34 per share, where would that put us . The upper end of the range, it is a valuation of five point 4 billion. But if you take a look at the diluted valuation which would include restricted stock units, options awarded staff, it is nearer to 6. 4 billion. Either way, it is a significant ipo in the Technology Sector for this year and it has been a
Once again we seem to have a set up that lines up positively where we arent fighting the fed or the tape. Thats how we delve in. Nasdaq jumped 1. 14 . We all have our idols and one of mine was thats where i get the dont fight the fed, dont fight the tape phrase. I wish you could have met the humble man who taught a generation of people how to invest. He came on a show called wall street weekly, he would scribble down on a notepad. When he said, dont fight the fed, dont fight the tape, he meant at the Federal Reserve is raising interest rates, be careful. And you also need to be careful about corporate earnings, because they would bring in a lot of selling in the earnings were weak and then you would have to be more careful if you are fighting the fed and the tape. With the most recent data, we have enough weakness that we arent fighting the fed. They have no reason to tighten if the number. We have enough positive firepower that the bulls are not fighting the tape either. If anything,
The man who brought willy wonka to life has died. Gene wilder was also in films like the producers and young frankenstein. A takeover of a fiercely french football team. Businessman is buying the embattled team. First our top story live from paris. Genie apple has just been ordered to repay a record 13 billion euros in back taxes. That ruling has come from the European Commission. A special scheme to route profits through ireland was illegal state aid according to the commission. An investigation is being carried out into how Americans Companies are taxed. This sends a clear message. Member states cannot give unfair tax benefits to selected companies. No matter if they are european or foreign. Large or small. Part of a group or not. Genie journalist Terry Schultz has been covering this story for france 24. She joins us from brussels. We heard the eu commissioner very clearly stating the position. This is a precedent for things to come . It certainly appears to be that way. This is by f
Bender. And matching her sparkling calvin klein dress perfectly. Surprisingly, hearing her name called, not her favorite moment of the ooempk. After i was back at my table, had a round in and out burger for everybody. Celebrating at netflixs bash wearing this plungeingeing pink gown. It seems p perry saved some of her meal for later writing, found a curly fry in my dress just down. Going to eat it. Hope okay. Good nigts. The world of tv, music and movies is always changes and were keeping you on top of the latest. Later this week, well know this years list of Academy Award nominees and team ok is with Leonard Maltin to get his picks any pressure this year . Every year because people think im jimmy the greek. Well, we do respect your opinion quite a bit. I caught you on tmz talking about straight out of compton. Do you think it has a chance . You have a you neek voice. It has a chance because they admit up to ten films for up to best picture and ipg of the sill ms ive seen, its one of t
Kind of call the lets get real period. Reporter the presumed democratic frontrunner is fighting to stay on top. According to a new poll, senator Bernie Sanders has a slight lead in iowa for the first time. Could be that the inevitable nomination may not be so reporter another clinton making her way around New Hampshire, home of the first primary. Chelsea making her first Solo Campaign stop. Senator sanders wants to dismantle obamacare, dismantle the chip program. Reporter also in the granite state, republican hopeful ted cruz facing off against protesters not once sir. Who are you . Reporter but twice. Hey, hey, this is not your stage. Reporter cruz lags far behind donald trump in New Hampshire. Theyre in a dead heat in iowa, i love iowa. Reporter trump sending a too ahead of the next gop primetime debate thursday, saying if anyone attacks hell hit back five times harder. Reena and kendis. Interstate 74 west of cincinnati is open again after a Chain Reaction pileup at the indianaohio l