Here. That ipo pricing at 14 last night. But right now you cannot get it for that price because you can see there its up to almost 24 bucks on the session. A huge move day one for the Cloud Company despite vocal skeptics. Theyre questioning their profitability. This feels like the debates we were having back in the 90s during the dotcom boom. Im not saying thats the case here, but off booming ipo with people wonder wrg is the money right now. Another bombshell from the president s tax plan. President obama wants to challenge College Change i should say College Savings plans known as 529s so the gains would be taxed as regular income. Right now they are taxedfree as you know as long as the money is used for a childs college education. The president says these plans only help rich people not the middle class and we will put it to the test coming up on todays closing bell. This was all part of the state of the union. Making Free Community college. We have heard jeb bush and others say it
Be as concerned as he is . You want a clear sign of fair, check out the 10 year benchmark low. Dropping to seven month lows, fear money moving out of bonds to equity, moving below 2. 5 the yield. Whats causing it . The three big reasons why the yields are falling. And fears about walmart. Sue is here in the house at cnbc headquarters. Welcome, sue. Good to see you. Good to see you, too. A big down day. We are off our worse levels of the day but not all thatinch. Dow jones industrial average off 174 points. And s p down 1. 3 . And russell is now in correction territory, down 15 points. Where is the money going . Going strongly into the 10 year note and pushed the new zealand below 2. 5 morning briefly and we now sit at 2. 5 . Dow transports at their worst level at and vix up 1. 25. One of the main drivers today declin declines in the declines come from comments from closely watched hedge fund titan, she tried to say, david tepper. He says he is nervous. Key reasons kern the ecb being ti
Into coronavirus death data in england following confirmation that anyone who has ever tested positive for the virus is included in the figures. Arise, sir tom captain tom moore, who raised millions for the nhs, is to be knighted this afternoon. It isnt everybody gets the chance to see the queen, is it . I think thats going to be absolutely marvellous for me. Although if i kneel down, ill never get up again. And princess beatrice ties the knot with property tycoon Edoardo Mapelli mozzi at a secret ceremony in windsor. Good afternoon. The Prime Minister has announced a fresh timetable for the easing of coronavirus restrictions in england, saying he hoped there could be a more significant return to normality by november, in time for christmas. Borisjohnson said that by august 1st the government will give employers more discretion in how staff can return to the workplace, instead of telling them to work from home. Bowling, ice skating, and Beauty Services will also be allowed to resume, a
Usually congested streets quiet as people are urged to avoid travel and nonessential contact. Stay away from restaurants, pubs and clubs thats the official advice. Its left some businesses in despair. We cant make money to pay the rent and the rates and everything. So its tough as well. So i have to send two of them home. The foreign secretary, dominic raab, advises uk citizens against all non essential Global Travel for an initial period of 30 days. The archbishop of canterbury calls for church of england churches to put public worship on hold and become a different sort of church in the coming months. In france, tough new measures require people to stay at home only those with documents spelling out their reasons are allowed out. The governments chief medical adviser is giving evidence to the health committee. It is a semantic difference whether you call it suppression, the aim is the same, how do you keep this thing down and keep it below the level at which you wa nt to keep it belo