Price. Peloton fell sharply in the first day of trade, down another 5 endeavor pulled the plug on its offer late last night. A headline in the times asks is the ipo party over bob greifeld, chairman of virtue financial, and author of the book market mover. Lessons from a decade of change. Great to have you back happy friday great to be here. We would love you to help us draw a thread through some of the ipo pricing weve seen this week, the offers that have been pulled what should investors be keeping in mind right now . Well first, i would say we have to recognize the ipo market generated over 50 billion of capital this year. I remember back in 2003 when i started with nasdaq, we had zero ipos and zero dollars raised lets keep it all in context i also want to make clear you have a number of ipos that have come public which are not nyow making money peloton yesterday, their market cap is 10 billion thats about ten times revenue to me, when i hear and read about whats wrong with the ipo
Dark about those allimportant trade talks with china. Top level negotiations start now. Where are they going, we dont know. But we can tell you that apple has removed an app which had been used to track the movement of Police Forces in hong kong. We can tell you that nba events in china have been disrupted because chinas bullying american basketball teams. And we can tell you that after being dropped in china for supporting hong kong protesters, south park has fired back with an obscenity. We can also tell you that todays market activity hinges almost entirely on any headline that emerges from the trade talks. In the absence of any hard news, its a virtual stalemate. The dow is going to be down maybe 30. Two down for the s p, maybe five points lower for the nasdaq. I will call that a standoff. Heres the stock of the day and its a big winner. Bed, bath beyond is up 19 free market. They have hired a top guy from target to turn around the ailing bed, bath beyond. Looks like that could be
Meeting and tim is takes the place of brian. We welcome him and really welcome because we are now in a full force on the board and the testy subject of quorum is addressed. Also, we are going to make some changes to the agenda, which ill ajounce after this. Lets do the communications. Madam secretary. We welcome the Public Participation during Public Comment periods. There will be a opportunity for general Public Comment at this meeting after closed session and there will be a opportunity to comment on each discussion or action item on the agenda. Each comment is limited to two minutes. Public comment will be taken both in person and remotely by video or callin. For each item the board will take Public Comment for those in person and then from people attending the meeting remotely. Comments are opportunity to speak during the Public Comment period are available by phone calling 4156550001 access code, 25955089309, pound, pound again. When connected you will hear the meeting discussion
We will bring you everything you need to know. Ed we will get the inside look into the Digital Asset industry as the Firm Announces it has raised 500 80 million for new funds. Caroline the ai startup raises 100 Million Dollars to further grow its business. We will have an exclusive conversation with the ceo. Lets check in on markets. We are all looking at what is happening in terms of the fed, the bank of england, the bank of japan as well. The twoyear yield ticking higher. Some nervousness about whether we are expecting a pause later this week. New york crude the Inflationary Pressure point. 92 a barrel, up one point 2 again. 1. 2 again. Even amid the caution and nerves, we are seeing a bid into bitcoin. We are seeing some outsized moves. Still above the 27,000. Ed there is a lot of news driving movers. Apple rallying up 1. 9 . They are trying to make sense of the early preorder data for the iphone 15. The market seems to like what it is seeing. He goes on sale september 22 in this co
Us here on set for a talk about the boe, brexit, and his outlook for global rates continuing to grind lower. Global strategist will join us with his outlook for european banks in the second half of 2016. Again, the story is global yields. Jonathan record lows and its a remarkable story that we will continue to talk about. Lets check in with a Bloomberg Team with indepth coverage of our top stories. Guy johnson joins us on the bank of englands News Conference in the last 90 minutes or so. And the latest on the votes of the uks next Prime Minister. And if possible capital injection into italian financials. In new york, the latest on treasury rates hitting new record lows. Paul allen joins us on this weekends election. I want to bring in guy johnson the bank of englands new policy response. The significance . Guy he is essentially signaling a recession and this is giving the tools by the chancellor and he is now putting that into reverse. Saying tougher times are ahead for the k economy.