Good morning, everyone. Im scott mcgrew. When someone comes up with a new idea, a new invention, a new way of looking at thicks the classic reaction is, its been tried before or itll never work or nobody wants it. And in nearly every case the critics are wrong. Take the automobile, for instance, henry ford reportedly said if i had asked people what they wanted they would have said a faster horse. I know not to react that way when i hear a new idea. Dont say its been tried before or itll never work. It is awfully tempting in the case of boone technology, a young group of entrepreneur who is want to build a supersonic airplane to take travelers from new york to london in a little less than four hours at twice the speed of sound to be a bit doubtful. Bret shoal is the founder of boom technologies. Some drop out of college to start their first company. He dropped out of high school to start his, then went back to cloj. Joined by narc new and aaron levy. Im going to apologize, and i think y
The plurality he needs. Spain has been at a political impasse for months. Powered by more than 2600 journalists and analysts in more than 120 countries, this is bloomberg. Scarlet we are 30 minutes from the close of trading in the u. S. In, andcks fluctuate the dollar rose to a high. And the question is, whatd you miss 2 of the most valuable Internet Companies are reporting, alphabet and amazon. Those numbers as soon as they cross. Americas favorite pastime may not be a favorite anymore. The nfl is seeing doubledigit declines in television viewership. Is this a blip, or something worse for the league . Worldfamous shopping strip 5th avenue in manhattan standing pretty empty because of the rent. We look at dynamics hurting the rent in the middle of the most prestigious shopping district in the world. As we head towards close, lets look at the major averages. Not too deep in the red, but still read across the board with dow jones down 10 basis points. S p down a bit more, and the nasdaq
Hour. Also joining us, former apple evangelist, guy kawasaki. The headline on barrons, are unicorns killing the ipo market. 31 companies have gone public so far this year compared to 69 at this point last year. 115 in 2014. The article speculates that rising regulation along with an excessive amount of vc money as culprits for the slowdown. Mike, as a barrons alum, what do you think they are trying to tell us . I think they are trying to weigh in on what this means for the markets and just what kind of market environment were in. Not so much about that kind of corporate strategic decision by a private company whether we should come public or not, but as this piece points out, typically when you have had one of these droughts in ipos its been good for forward market returns because it means the market is not very frothy, not looking for the next hot thing. Im sure you can go to an opposite extreme and say its kind of an unhealthy market if nobody feels as if its worth going public. Its
Unless we change policies, we will not change results, 100 . Donald trump lays out his economic plan. It will present a night and day contrast to the job killing, tax raising, poverty inducing obamaclinton agenda. I have a very different approach. I intend to make the wealthy pay their fair share to build this economy. Three young girls in serious ferris wheel at a county fair near knoxville, tennessee. Zika may be spreading north. The Florida Health Department Investigating what could be the first case in palm beach county. It breaks my heart. In california residents in another 5,000 homes have been told they may want to evacuate. Florida gulf coast, drenching rainstorms for a second day. The neighborhood is a frickin river. Slide in kansas city. Rough day ahead for passengers flying on delta. Come into a mad house. In orlando, the dolphin grabbed an ipad a visitor was using. A rocket into center field. Heading to third. He makes it. A face on the bag. All that matters. Muhammad jumps
Comes up with the touch to move becoming the first olympian to compete while wearing a hijab. Usa on cbs this morning. Up on the shoulders with five meters left. Shes going to win this mornings eye opener is presented by toyota. . Welcome to cbs this morning. Norah odonnell is off. Day ja na jacobson with us. H. Donald trump is trying to brings his campaign back to the big issues but more republicans say they do not want to follow him. Susan collins of maine is now su the most senior gop senator to g publicly split with trump. W she wrote that his cont t made him unworthy being our president. 50 National Security and eing Foreign Policy experts from the republican side warn that donald trump, quote, would be the most reckless president in american r history. Hours later trump suggested tha Hillary Clintons state p Department Emails led iran to execute an accused spy. His tweet followed a speech laying out a series of economic proposals. Major garrett is in north campaign. Tr reporter d