Find out soon. Good evening, everybody, all that and much more ahead we start with some breaking news on nikola. Shares are down in the after hours, following a big up day. Bloomberg reporting securities and Exchange Commission will exam over the stock selling fraud and allegations, stock down 7 . Youre response . Again, i cant speak, i said it last week, i cant speak to the voracek asity of the shore seller report, acquisition of fraud, i have no idea, but what i stand behind, despite how the gm is structured, whether their investing money, the fact that gm would link their wagon to nikola and if these acquisition prove to be correct, i think the real deleterious thing could happen with shares of gm, in my opinion, potential for exponential move and gm perhaps didnt do the homework others did. Thats my primary concern looking at this entire situation. Tim, to be clear on the story and were trying to get phil up here any moment, you know, Trevor Milton said the other day were going to
Developments. Reporter reporters are staged just outside the oval office now ready to go into the oval whenever the president invites them in for his discussion obviously a much anticipated moment at the white house. Do they have a deal . Do they not have a deal . Do they have something in between that might be an interim step along the way to a deal we dont know as we stand here right now. A lot of rumors swirling around washington and wall street but the chinese delegation is here, theyre in the oval office now. We expect to see the president at some point we just dont know exactly what theyre going to stay Stephen Mnuchin came to the Briefing Room a short time ago, i asked him for an update on the talks and whether or not its possible we get to the end of the day today without an announcement of any developments at all we declined to answer the question he said the talks so far have been productive and that time of the day they were going in to brief the president but no specific in
Company could run out of cash next month. The week that was from the tech in the crosshairs from hong kongs prodemocracy demonstrations. Now visa, mastercard all valley got from facebooks cryptocurrency group. First, our top story. There has been a breakthrough in u. S. China trade talks. On friday, President Trump said we have come to a substantial phase one deal. Hes not part of the discussions, but what is not part is huawei. I want to bring in sarah mcgregor. What, talk to me broadly, did we learn about phase one of the deal today . Sarah what we do know about this deal which trump describes as substantial and a lot of people are parsing through the details the see if that is the case. Row we know is the Trump Administration has said they have reached agreement with intellectual property issues. There is a currency pact inside the agreement. There is going to be agricultural purchases, up to 30 billion from china over the next couple of years. Just a few of the aspects of it. This
Halfway through 2019 its the last trading day of the first half how has tech performed what about all of these recent ipos bob pisani has some of those answers and joins us on set. You know what i love . I love how wrong the consensus is humans are terrible at predicting the future and nobody is worse than wall street at it, so remember when we started in 2000, back in january, everybody said, the ipo market, oh, theres going to be 200 of them. Everybodys going to go public no one will want all of this stuff. Theyll price this stuff too high and the only thing anybody wants is uber and lyft are they sure they want those . Everything was wrong. Look at the numbers. Were at the first half of the year with. 62 in the Second Quarter, 25 billion. It was the most active quarter by deal count in four years. It was the most capital raised in five years. And look at the 30 the average return on ipo. Thats twice what it historically has been. So the answer was, oh, it turns out theres people dyi
I cant see me loving nobody but you meanwhile, gold and bonds are booming. Can these assets continue to rally together i thought it was the loving spoonful. The turtles ding ding, nice job by tim welcome. We love it when youre here. I know its a long day whats the question . Now at 24 times forward earnings continuing to make alltime high s to answer your question, where can you still be we havent said this in a vacuum something is happening in the gold they gold mining stocks are breaking to the up side. Im not even sure its a great question theres a lot of things that should be flashing caution on the there. Three year lows on they. What is a healthy market, is really the question. If you own cocacola, peppist, mcdonalds, starbucks, these are defensive stocking probably going higher, and the valuation probably doesnt even matter. Staples hitsing new highs, bonds going up, bitcoin going up, stocks going up. Whats the message in that its really simple. Now if youre just looking at the