Good monday morning. Welcome to squawk alley. I i am Carl Quintanilla with Morgan Brennan and jon fortt senator Majority Leader Mitch Mcconnell is going to talk trade, usmca and more. A big hour ahead. First we begin with ipos, and performances for recent debuts after a hot start to the year, we close out the last trading day of the quarter uber and lyft down more than 30 , slack down almost 40. And this morning, wework officially pulling its own ipo cnbc contributor, New York Times columnist kara swisher joins us holy canoli has it been a rough quarter for ipos how do you see it, as a resetting or private market valuations coming back to earth . I see it as math. Math wins. Thats what professor gallaway was talking about when we talked about wework and other ipos. I think investors, there was a fire wall broken by wework, untenable for most investors, and it extended to other companies which have Balance Sheets that are problematic. Even if theyre great businesses and brands, theyve g
Colleague, Speaker Pelosi, mayor nan whaley from dayton. Good to have you here. And i want to thank my colleagues senators brown and stabenow and representative escobar from el paso, texas and representative thompson, for which shares a gun Violence Convention task force. We are here today for one simple reason, too Many Americans are losing their lives to gun violence. Too many families are just weeping because they have lost loved ones. I was at the airport today. A gentleman came over to me and i didnt know who he was. He said, thank you for what you are doing. I lost my nephew to gun violence last year. Americans are suffering from the abundance of gun violence in america. Last month, Mass Shootings claimed 51 lives in el paso, dayton and odessa, to say nothing of the hundreds of lives lost my daily gun violence throughout america had enough is enough. Congress is returning to session. Our first order of business in the senate should be to pass the housepassed legislation backgroun
In 18 months im turning over the keys. I want to make sure im turning over the keys to somebody who is serious about the Serious Problems that the country faces and the world faces. Note hes turning over the keys and he wants to make sure he is turning them over to someone who is serious. Last time i checked it was the American Voter who turned over the president s keys and American Voters that would be making the decision on who those keys would be turned over here. Is the president being too presumptuous . We have a democrat richard goodstein, former mccain advisor, and blake burman live from the white house. Im starting with you. I call it print schuss, what is your presumptuous. Reaction. President obama doesnt want. Trish go ahead. President obama doesnt want discussion on iran nuclear deal. He knows it will be undone unless Hillary Clinton becomes of the united states. He wants to protect his legacy and wants to label Mike Huckabee and rest of the gop as a bunch of crazies. What
June 8. We are getting data one hour from now. Lets quickly get to the markets. The pound definitely, the story of the day, dropping. I would point to the latest polls by u. K. Government. We have our London Bureau chief joining us to look at what a Hung Parliament could look like, and whether we believe the p olls or not. He vix, down from 1. 8 virtually600, unchanged. Lets get straight to the bloomberg first word news. Reporter in afghanistan, as many as 80 people have been killed and 350 injured in a suicide car bombing. There was a rate on the countrys Largest Military hospital in march. The u. S. Says the first ever test of the Defense System against an Intercontinental Ballistic Missile was a success. This was after a groundbased interceptor shot down a mock weapon over the pacific ocean. This comes amid mounting tensions with north korea. Reynard says soft inflation could make us rethink the path forward for Monetary Policy, should it linger. U. S. Growth looks poised to rebound
So will changes to the bill be enough to get moderate republican holdouts on board . Lets ask wall street journal columnist and Deputy Editor dan henninger, assistant Editorial Page Editor james freman, and Editorial Board member joe rego. Joe, the bill has changed for the better or worse and how . Well, i would say both. This is a bill thats moved to the political center. Its moved leftward. Its worse in the sense that it gets rid of a lot of the tax it keeps a lot of the tax increases on Investment Income 3. 8 percentage that were part of obama care. That were part of it. That republicans promised to repeal . They did for years. And it spends that money on other stuff. Its got 45 billion for opioid treatment. Its got a lot more up front medicaid spending. Its good and better in the sense that it retains the fundamental medicaid reform. Thats really the most important part of this bill. Moving to a per capita block grant to the states from the federal government. Right. A lot to the s