And s p 500, nas in six weeks. Yeah. Well start with tech. More broadly, ipos and big tech valuations have been surging culture questions continue to brew in Silicon Valley as well i want to talk about that and a lot more with long time venture capitalist whose newest venture is a private and middle school with entrepreneurship baked into the curriculum Draper Associates founder tim draper joins us now. Tim, good to see you i want to start with your take on these markets i was talking just yesterday to the founder of rike. He said he isnt going public this year because he underestimated how well the ipo market was going to perform in a pandemic has that surprised you and what are you saying about it to your Portfolio Companies . Absolutely. I was blindsided i didnt realize that the government was going to print 13 trillion it has been strong for bitcoin and it sure has been good for the Public Markets particularly the tech stocks that have benefitted from that and i think people many p
Strong gains and this morning you will see that there are green arrows once again, the dow indicated up by about 88, s p by about 9 1 2 and the nasdaq indicated up by 48 points if you watched what happened in the treasury markets, we did get a lot of fed speak and it sounds like there is a little bit of confusion. You can see the ten year note has ticked up a little bit, 0. 769 is the latest yield andrew and lets take a quick look at the dow transports, gaining another 2. 5 yesterday, also hitting a record high, the two as to beings to watch this morning, eli lilly and he regeneron both big winners on Covid Treatment hopes. And President Trump touting both of those in a video that he released over twitter late yesterday. Well tuck a lalk more about th. But also take a look at shares of tesla, new Street Research upgrading that Company Stock to a buy saying that to sees a decade of hyper growth ahead, this call makes the firm the second highest priced target on the street so in lead wit
I worked for many years in los angeles at the Los Angeles Times. I have written for the new york times. Currently i write for the los angeles review of books and i am on the board of directors of the National Book critics circle. I am also the author of a book lapoetry, that deals with causa. At this time i would like to introduce miriam. Miriam is the former Pulitzer Prize winning editor. She spent 25 years working at newsday and to the Los Angeles Times. Her book, the crusades of cesar a biography is the First Comprehensive biography of the charismatic leader. She has written the union of widely acclaimed into nuanced history of chavez is United Farmworkers Movement and nuanced history of a United Farmworkers Movement. She recently received an endowment for her work on the chavez biography. Please welcome miriam pawel. [applause] thanks, gregg. Gregg hi miriam. Gg. Iam hi, gre gregg i want to ask you something i feel is important what brought you through the writing about cesar chave
The School District so that we can move forward and get kids back in school. As soon as it is safely possible. Reporter what about the personal services that were able to to open outdoors only today . Reporter well, alan, they were able to open outdoors only today, and there were long lines to get haircuts on some very long, shaggy quarantine here. Owners and customers seemed to be relatively please with the situation, but they were not alone. It was also massage parlors, nail salons and barbers that got to move their business outside today. Luckily, not raining here, not foggy and not overly spoke in San Francisco at the moment. Alan . A personal challenge to see how long their hair to grow before they got to go back legally. To get a haircut. All right, andre, thanks. Here is the latest for the state coronavirus cases. 85 new debts, our test Positivity Rate does continue to trend downward, now 5. 2 over the last two weeks. We have exclusive new video of House Speaker nancy pelosi one
Rips into Silicon Valley and defends the companys government work and no symptoms, no test. Why the cdc is quietly updating its coronavirus testing guidelines normally, jim, i wouldnt start there, but you were just tweeting a moment ago about how important testing is as the number the sevenday average of new tests in this country is the lowest since early july. I just think that the main gap in the system is you hear people say, well, my daughter just got it from college and weve been all trying to test in the family, its five days, we dont know what to do. I think that that halting nature of what to do has gripped this country and has changed it from a country where you go places to a country where you stay at home its a country where you do not travel overseas, its a country where youre frightened over a five and sevenday period endlessly and we live with the tyranny of it. Testing would end it, but its got to be instant. Cant be a lab a lab is a big, big obstacle. Yeah. We will talk