Republican party in the white house. Im jaded and biased. He is my friend. I know him. I love him. He speaks beautiful spanish. I think the best candidate in the field is jeb bush. I think a sickly this election cycle, i am like a plus size mens store. Id either go in big or tall. If the tall guy does not take me to the prom, i am going with the big guy. Jed is bicultural. He is not just bilingual, he is by cultural bicultural. We would consider him hate hispanic. Give the game changer when it comes to the has anecdote. Hispanic vote. Been added his entire life. He is not pandering. This is what he has been working on his entire time. Voiceld bring a temporary to the debate. He is thoughtful. Temperate voice to the debate. He is thoughtful. He has a Broad International portfolio than what i think Chris Christie does. I do not know what his is. If Hillary Clinton were a candidate, that is going to matter. Is goinghink hillary to be the candidate, but i seem to be in the minority. I thin
Overnight in shanghai down almost 4 as the yuan sits near a sixmonth low. The roadmap begins with the markets, the s p starting off shy of the fresh record high and the nasdaq beginning from right around its highest level in 14 years. Home depot is posting quarterly profit above expectations and boosted dividend. Different story with macys and shares slipping after same store sales came in below expectations. And jpmorgan expected to announce job cuts in its mortgage and consumer business. The bulls off to a good start, the dow jumped more than 100 points and closed at 16,207 and the s p hit 1858 before pulling back and closing at 1847. Thats a point away from its alltime closing high. And as we said, the nasdaq reaching a 14year high before closing off its best levels. Jim, you said last night you would try to play the role of the skeptic. I do not like to see the nasdaq at a 14year high. I took to heart some of the comments we said on yesterdays show which is when you Start Talking w
Back on the airplane . 10 days ago we were talking about an ipo and i go away for a week and come back and it its done. We will talk about it in this hour as well. Lex we thought of you. Do you waste the most time on . Candy crash . Checking the weather . It was inspired by the ipo. Tweet us. That is a good one. Here is my answer without question. Check on stocks, bonds, currencies and commodities. Futures up three. 10year yields comes in a little bit. To the next screen. Gold is a big story. 1370 an ounce. Has pulled back nicely. The Australian Dollar continues to get a tough day. Australian dollar a little bit stronger on the back of china news and commodity news as well. Where are we in the equity. Arkets . 1947 inflationadjusted dow. Up we go. A lot of the collation. Here we go again. Is that a bubble . I do not think so. Does not look like a bubble because you have 12 and three. Jeremy grantham with a great interview yesterday. He is a bear but says be in stocks. More money has ma
Nfib Small Business optimism and we will get retail sales at 8 30 a. M. And earnings before the bell. Scarlet fu will take us through jpmorgan at 7 a. M. With earnings. Bill cohan will join us. How many big banks are there . Five or six. We will have earnings all week. We will have a lovely roundtable like states of the bank. Falling revenue. This is a data check. Everything is up a little bit after the fade yesterday. There is a lot of other Global Statistics just as weighty. Vxx was under 12 yesterday. Gold was 1250 when i walked in the door. The chinese currency is strong. Lira moves through new weakness. I dont want to overplay this. This is the beginning of the year and you can see we faded yesterday after 10 p. M. Its not a plunge. Busy yesterday about 3 p. M. And then it got even busier. We skerritt we scoured the papers. A new year, new leaf for congress . We have seen the house and Senate Negotiators agree on a budget through september. They unveiled a 1. 1 trillion spending p
Will the popularity of the new iphone lead customers to other new apple products like apple and apple watch . And hes a cofounder of the alan one of most prominent and contrary and intracapitalist in Silicon Valley. I talked to peter keele about the future of paypal which he peter hell about the future of paypal and bitcoin and what it takes to be a successful on to her. First, to our lead story closer toipos inching becoming the biggest ipo in history. The company just used it by from 266 from 66 268 a share. They could raise money 1. 8 billion just shy of the global record, which is the Agricultural Bank of chinas 22 billion ipo in 2010. Meanwhile, the alibaba roadshow ,et with investors in hong kong reportedly saying he will not look for a valuation that is too high. Joining me now is jack green and Leslie Hecker who covers ipos for bloomberg news. I will start with leslie whats the latest as far as we know and what is the thinking behind this new price . You might be thinking to yo