Anticipated ipos cnbc confirms that doordash and airbnb is expected to release the valuations in the upcoming s1 amendments and particularly door dash seems to be employing a technique that weve seen before from epic in doing this ipo pricing process and also getting quite bate of interest because of the pandemic right with so many more options like a three main options on the table now to go public, its interesting that door dash is forging its own way, elements of the traditional ipo with an auction process. Carl and jon, what is interesting about these two ipos, they were talking about this earlier, i heard leslie say something, benefitting in different ways from the pandemic also the strategy. They went to local smaller markets, particularly doordash going to the suburbs but, carl, you see airbnb, there were not many options to go to hotels or get great lodging in the smaller places thats all people want to do now. The they want to avoid the big cities and go, you know, outside of
On what crossing this milestone might finally mean. We sat here a few weeks ago. Right. We got within a third of a point. Ill tell you the difference is the way you cross it. I mean, when we got there last time, i think a lot of people felt, wow, all these stocks are so stretched. Its really the banks that are doing it and thats not sustainable because banks have gotten way ahead. You look at the charts. And most of the of the good numbers that were in are more animal spirit driven. This is the biggest week of earnings, big week of earnings last week and were putting together a proctor, an american express, we look at ibm, 3m, which i know some didnt think was that great. It was fine. We look at United Technologies and boeing and say, geez, these are companies doing pretty well. So maybe its not all smoke and mirrors. Maybe its not all animal spirits. Maybe its not all trump inauguration. There was also a tremendous short base put in because people felt like no matter what happened its
Darn stupid lately. Maybe President Trumps thrusts have thrown investors off their game. But im becoming increasingly aware information not being valued accurately day after day. Its a big factor in the rally. Dow up 8 points. S p back slid 0. 09 . Nasdaq declined 0. 08 which can only be regarded frankly as a successful consolidation of the recent run. Take last night. Take cisco, the giant networking equipment maker, morphing from a hardware to a software company. It reports revenues that look anemic, and the stock gets banged down instantly. Im sitting there, having done a ton of homework for tonights interview with the ceo, and i can see from the deferred revenues the real number, the real metric that matters in a software company, that its actually a much better than expected quarter, especially when you compare it to the previous one. Im aghast that once the stock does tick down, the journalists are out in full force. Theyre justifying debt klein in a selffulfilling miasma of repo
The company sold 34,000 phones an hour every hour for the quarter. Caroline hyde has more. The growth is absolutely immense. It is insane numbers. 18 billion. That is 200 million a day. I the time i finished speaking apple will have made half 1 million. This is a phenomenal company. They beat analyst estimates. They wanted record smashed amalie have smashed them. Look at these figures. Bigger than yemens entire gdp. Bigger than icelands annual economy. Adding up microsoft and google it is more than that. They are dominating the competition. In fact, in one quarter they managed to provide as much profit as General Motors makes in a year. The growth is so phenomenal. 18 billion is 30 more than last year. The new product, the innovation is shining through. Iphone 6, the bigger screens are winning out across not only android wooing over more people from android, but also asia. The bigger screens are amazing. Steve jobs, four years ago, said they would never sell. Who would buy a bigger pho
Morning. An exclusive interview with former president jimmy carter. He also tangled with the soviet union. Hell tell us why he thinks president obama has not asked for his advice. From nbc news in washington, the worlds longest running television program, this is meet the press with david gregory. The first this morning, were going to get the latest on the certainly for the missing Malaysian Airlines plane 370. Im joined by bill neely, still in perth australia, the base for this is search mission. Bill, good morning to you. Reporter good morning, david. A fourth day of searching has ended here. A fleet of planes from the u. S. , from australia and new zealand out today, four military, four civilian. The focus of their search is really twofold. First of all, big debris and the breaking news is that a french satellite has picked up images of objects in the southern search area. Now, its still not clear what those objects are, but this is the second day that weve had a new satellite image