You guys know better that not nasdaq indicated down and s p anyone doing a secondary in your ipo is unparalleled. Down by one. That is a testament to the investors we brought into the down was down by 180 points ipo that believedin us again we did that a month ago over the yesterday. Every move we see seems to be premium of the price trigger by the moves of these the larger conversation being had about investors i think trade talks. There is a difference here lets look at the treasury this is why i think this is succeeding a, not only are you nailing the market the 10year looks likes it numbers, but, b, because you are yielding 1. 592 . Only for five years and you had to take in crazy amounts of 30year about 2. 1 money prior, right dont you think thats a huge part of this i do. I think we had very strong investors previously when we were a private company in todays environment, if we twoyear trading at 1. 462 needed them to do a 100 insider one Earnings Report of note today, Delta Airl
Bernie sanders recovering from that heart attack. This may be the last appearance for two of the hopefuls. Lauren the National League championship series could end tonight after the nationals crushed the cardinals last night. It is october 15th, tuesday morning. Fbn a. M. Starts right now. Here comes the sun. Here comes the sun. And i say its all right. Lauren welcome to fbn a. M. Good morning, im lauren simonetti. Cheryl good morning, everybody. Im cheryl casone. Lauren shes back, well rested . Cheryl you bet, 26. 2. You bet you. Lauren another marathon in the books for cheryl. We have green on the screen, dow up 84. S p gaining 11, nasdaq up 33. Cheryl the trade war is a marathon. The dow as you can see reacting to good news but stocks in asia really mixed. The trade optimism, fading for those markets. The weak econ data out of china we were talking about. Lauren there is optimism in europe. The top negotiator for brexit says a deal is still possible. Up arrows in germany and in fran
Here in new york but the markets are a little soggy right now United Health, the biggest of the dow downers. Morgan stanley lowering its price target but keeping an overweight rating for United Health peleton shares are trading lower marking another disappointing ipo. Bob is looking at some of how the biggest names are performing the buying public is saying prices for ipo is too high even if its centered around sound concep concepts this process has begun several months earlier of 120 ipos that have gone public, 22 have broken their ipo price on the first day of trading. About half are still trading below their initial price. Many ipos started really strong but they have been slipping recently as the investors question the valuation had a great week it was up 26 . Its now 6 this week. Crowd strike was huge back inror months but its down 16 this week mpl peleton off the lows of the day and disappointing debut for the company that makes those bikes and treadmills and offers classes. In w
The grind t higheray was quiet but strong. Here are the closing numbers. Th Dow Jones Industrial average rose 227 points. To 27137. The nasdaq was up 85 and the s p 500 added 21. But there is a lot more tohe market than the numbers suggest. A close look under the hood showsig changes taking place and money is starting to flow intoectors that investors have been avoiding for a while. Bob pisani at the new york stock exchange. A lot of talk about a great rotation taking place. But what exactly are we rotating out of andinto . There is confusion about different ways to slis and dies the mechanic. Lets try to sort out some of the differences. First, cyclical verses defensive stock. Since bond yield bottomed last weeks. Checkically sense i have like banks, transportation stocks, energy, retail have all outperformed. These are call cyclicals because they tend to better when the Global Economy is imoving. Nef lagged most of the year on concerns that Global Growth slows. At the same time defen
Youre paying for this problem. Bart board member Deborah Allen of Contra Costa County says her own Research Suggests the actual losses may be twice that much. Thats why today the board voted unanimously to select these new swing style gates to replace the originals. Similar to what you see at muni, but imagine that with plexiglas, something more modern looking and welcoming, seethrough, that sort of thing. The new gates will be five feet tall, making them tougher to get over and squeeze through. But making that choice was easy compared to what comes next. The very important task of finding 150 million. There are many, many riders who tell me if you would just not let people flood through the system without paying, the trains would be less crowded. We would have more revenue. There is a timeline for all this, but its not very exact. As alicia says, they have to find the 150 million. They have to do the installation at the bart stations, and then they have to wire it into their existingo