Good thursday morning. Welcome to squawk alley. With Morgan Brennan and jon fortt at the New York Stock Exchange we watch the markets being whipped by some of the trade headlines. We also have two big ipos in focus today as well. We await the first trade of smile direct club. Lets bring in bob pisani to talk about that and overall iep landscape. We heard valuation is not there, does this mean the ipo market is overrated. Slack, first earnings report, growth wasnt as strong as people thought, not a good idea, growth is not as strong. Some software companies, now theres jitteriness. This week we had three big names, all being upsized waiting for smile direct to open 19 to 22 pricing at 23 looks like and ten x genomics. Upped it to 38 it opened at 54 talking little more than a week ago, 31 to 35. We open at 55 a gene sequencing company, biotech is a hot space overall we wait tomorrow for cloud fair. Another software company, out there, Website Security and other things, was 10 to 12, 35 m
Well, i was all alone until you guys showed up were going to start off with the markets. Volatility heating up. Weve seen a big rebound in stocks this morning, though the yield curve is sending its strongest signal yet to the markets of recession inverlt verting to the worst levels since 2007 here is ubs Global Wealth management head of trading strategies ian, the move in bond yields, at this point whats driving it because some of the fundamental data later, Consumer Confidence yesterday has been a little better and yet we continue to see these new lows on treasury yields. Frankly there seems to be a race to zero in the global sovereign debt market, whether its driven by the fed or the ecb or whats going on in japan. The fact of the matter is u. S. Treasuries yielding even now north of 2 end up being a huge buying opportunity, and thats what we saw in the long bond, and thats why theres been this consistent bid for ten and 30year yields at this range. And thats why the president is so
Time in my life. I dont know if id get legally married again. The business mogul claims her ex hacked into her computer, read her emails, secretly tape recorded their conversations, called her a derogatory name in front of their 6yearold child and kept her away from their apartment for four years. Hoppys attorney described the article as unproven allegations and his client has no time to engage with his ex wife on this subterranean level. The footage of you going back to the apartment wasor watch. I was so surprised by it. How do you guys coparent . I dont speak about the specifics of my relationship. I only speak about my perspective. However, your daughter, when she grows up and shell be able to read these stories my daughter is young, and news is so much different than it was ten years ago. So i would imagine ten years from now, no one will even remember my name. The day frankel signed her divorce papers, she headed straight to the four seasons new littering the hotel pool. I had th
Events. If you go back to november of 2008, you will see he pled guilty of failure to control after one accident. In may of this year, he was charged with carrying a concealed weapon and in july, ohio state patrol clocked him doing 105 Miles Per Hour in a 60 mileperhour zone. At the beginning of august, more trouble, charged with carrying a concealed weapon he is a marine that suffers from p t s d. He is a nice guy. He was 100 disabled with p t s d i think most of the time, that was the problem, who woe go into depression. Most of the guys that tryed to help him told him to go back to the v a to keep getting help. His problem was he didnt go back. Reporter he now faces a preliminary hearing on this absolutely was not a hate crime. We are asking questions and getting answers here in north ridgeville. Thanks, tke niece. A cleveland woman in court on vehicular homicide charges. She pled not guilty. The judge set a 50000 bond. The rider that died was a former Cleveland Police Officer Polic
Get between you and lifes beautiful moments. Flonase gives you more complete allergy relief. Most allergy pills only control one inflammatory substance. Flonase controls 6. And six is greater than one. Flonase changes everything. . [steady beeping] [beeping speed increases] [grunting] [toilet flushes] [hand dryer hums] excuse me. My name is scott powell. Transports waiting on us. You got it. [cell phone rings] [beep] [filtered voice] is it finished . Not quite. But i suspect it will be soon. [beep] [over computer speaker] i hired you because i thought you could handle this. And i am. Then why is powell still alive . You assured me of your abilities. And right now, im not seeing any of them. There he is [commotion] all right, folks, get back, please. Sir can you make a statement . Glad to be home, sir . Hey, mr. Powell, whats it like to be home, sir . Zoe. John. I hear we have you to thank for catching matheson. Glad i could help. Although there is a matter of payment. Buy me a drink .