Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only three other weeks have surpassed that kind of volume. Most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. The only week thats saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is c
Welcome in to squawk alley. Dow down for a fourth day in a row. Have not seen that since february, but the dow repaired some ofthe internal damage the s p went green the nasdaq getting helped once again by a tech trade that seems almost impossible to kill. Even with invidia and the expectations last night. Yeah, in the green at the moment well see where that goes. Were going to start with some controversial ipo paperwork. It was the ipo that was and wasnt, now it is on again it company was one of the most widely anticipated listings of the area then travel grounded to a halt and with it airbnb bookings. Revenue started to rebound by june and july bookings returns to prepandemic levels. This could be a pandemic come back story, but much still has to be written. The main question will be whether or not investors give the startup a pass for this year air bnb had the record to even out profitability and enough cash on hand at one point to consider a direct listing. As losses have widened t
Vacation go when they cant leave the house . Nowhere just sleeping in and hanging out with the family. You look over, 3 50, those losers are up. Is this me this is me. Good. I finally rattled you. Difficult to you i rattled you watch the silliness. We are hearing a lot of things sharing you were twerking, i figured i better get back quickly. Nobody wants to see that. You cant unsee that u. S. Equity futures at this hour, lets tell you quickly things are down for the markets. The biggest decliner is the nasdaq no surprise because of the hearings happening today for the big four the nasdaq off 1. 257 . The s p indicated up by 9. 5. There is so much happening today. Well hear from boeing General Motors General Electric and others before the bell. We are keeping a look at whats happening from the treasury yield this morning the fed conference the 10year at 0. 589 . Andrew is going to tell us about one of the big things we are watching today the big one, the nasdaq will be an historic heari
Had physical shopping inside the shores, and stores need to have markers. And must limit the number of employees working depending on the size of the store. Now, it might be easy to forget the what means to be in phase two. What is meant to be open and what is not. The main things that are open in phase two, retape stores that offer curb side pickup. Limited manufacturing jobs. Some offices can reopen, and dinein plans are finalize the that can help restaurants provide for pickup and delivery open. What is still closed, a number of things. But among, hair and nail salons, gyms, movie theaters and churches and religious centers. We learned the Oakland Police department is scrambling, 93 of its officers and employees may have been exposed to the coronavirus. This stems from one officer who tested positive. Jackie ward has the latest. Jackie . Reporter all all 93 of the employees were tested. 88 were tested here and five of them were tested off site. The officers who tested positive was e
The minutes . Move approval. Second. Any Public Comment on the minutes of 23 of january . Hearing none, all those in favor . Aye. Opposed. The motion carries. Secondly, the january 28 minutes of the regular meeting. Are there any additions or corrections . Second. Public comment on the minutes of january 28. All in favour . Aye. Opposed . The motion carries. Lastly, the minutes of january 30, which was the special Budget Hearing number four. Any additions or corrections . Move to approve. Second. Public comment on the minutes of january 30. All in favour . Aye. Opposed. The motion carries. Next item, please. Item 4 is general Public Comment. Members of the public may address the commission on matters that are within the commissions jurisdiction and are not on todays agenda. President caen so i have two speaker cards in front of me. The first mr. Pecasa. Commissioners, my name is francisco de kosta. One of the positions i had in my life is i was six army and procedural San Francisco con