But brad, welcome, its good to see you again. Great to see you. Thanks for having me. I wonder as a tech investor what you make of the nasdaq and that sector the last few days. Is it a simple correction or something more you probably saw last night i tweeted, pullback . What pullback . Precovid the multiple on the soft way growth index was about ten times sales it peaked about a week ago today were at 13 time sales were still 30 higher valuationses in software than we were before the paechbd. The same is true for growth internet precovid about 23 times next years ebitda. We peaked at about 35 times next years ebitda. Today were still at 32 times, so heart will hardly a correction in my books. Do you think some of these stocks got simply out of control in the way they went up parabolically . The characterization doesnt need to get worse. Its pretty good these are peak multiples for stocks in the middle of a Global Pandemic for most software companies, the pandemic has not accelerated th
Angela merkel could be out of office by next year. Its not the most likely outcome, but it is possible. Thatin that in itself is extraordinary. This is why the pressure is on. Since the election, the chancellors cdu party has been trying to form a coalition with the liberal fdp party and the greens. Well, the fdp has pulled out of talks. Ms merkel has now told german broadcaster zdf she does not rule out new elections and is ready for a new candidacy, and that shes reluctant to form a minority government. Broadcaster asks, what now, and they may ask. The election in september delivered a shock. We knew that the block she led at its worst result in almost 70 years. It still has had the biggest number of seats in the bundestag, but it only had two clear routes to a majority. One work with the social democrats, but they dont want to, so thats out. Martin schulz has been clear he doesnt want to do that. Or two, work with the greens and the free democrats. But, as weve now seen, Christian L
Sees its biggest fall on record. And all this airline wants for christmas is. Some pilots. Why you might not be home for christmas if youve bought an American Airlines ticket. Get in touch with us using the hashtag, beyond100days. Hello, i am katty kay in washington, Christian Fraser is in london. Calmly, deliberately and very clearly, the british Prime Minister roundly criticised the american president today. I cant remember such a direct rebuff in this relationship in modern history. Mrs may, on camera, told the american president hed done the wrong thing in retweeting far right videos. Her decision to speak out followed his decision to attack her on twitter late last night. theresa may, dont focus on me, he wrote, focus on the destructive radical islamic terrorism that is taking place within the united kingdom. We are doing just fine but london was focusing on him. In the Uk Parliament they postponed normal business for an urgent debate on the president s tweets and what the diploma
Good thursday morning, welcome to squawk alley. Im Carl Quintanilla with john fortt. Julia boorstin joins us for the hour at post 9 sara eisen is off. A lot to watch today the dow breaking through 24,000, now up, intraday record and strong day for the nasdaq, too getting news john mccain is on board regarding the Senate Tax Bill of course, it is the last trading day of the month joining us, dan morgan, senior Portfolio Manager. Before that, elon with more on mccain senator john mccain is a yes on the tax reform bill he had been one of the key undecided votes on the republican tax plan, but he said in a Statement Today that though this is not perfect legislation, he does believe that it will grow the economy and add more money to the pockets of middle class families this is key for republicans. They also got a boost when Lisa Murkowski of alaska said she would support the bill, as well, so the only two vocal holdouts appear to be senator ron johnson and senator susan collins, so it look
David asman. He announced he was yes earlier melissa youre not doing anything . Go straight to Nicole Petallides on floor of new york stock exchange. Nicole what is the mood on the floor. Is it like 24k . Theyre dancing for the mccain rally, mcshane rally, whatever you want to call it. We broke through 24,000. The dow gained 331 points. We now have closed here well above that 24,000 mark. It has been quite a run. This is our fifth 1000 milestone of 2017, all on tax relief ideas and thinking that this is going through, and brings optimism it wall street. Take a look. We have 1000 points. What drove us to this point. Best performers since 23,000. That would be nike, walmart, cisco system, intel and 3m. Those are the best of the best. Names that came under pressure. Ge with a dividend cut and restructuring, that came under major pressure. That is down, merck, ibm were laggards. The night of the election we dropped over 800 points. We all reported on it. We were at 17,000 and change. We br